World · India Bureau
Half of Indian homebuyers plan purchases within two years: Colliers
Robust housing sentiment is expected to drive residential sales momentum in India, with festive season demand providing additional tailwinds. A new report reveals that 50 per cent of prospective buyers are targeting home purchases within the next two years.
LSN India ·
India's residential real estate market is poised for sustained growth as buyer confidence remains resilient, according to findings from property consultancy Colliers. The firm's latest analysis indicates that half of all prospective homebuyers intend to complete their purchase within a 24-month window, signalling strong underlying demand in the sector.
Affordability continues to emerge as a primary driver of purchase decisions, with prospective buyers prioritising accessible price points alongside other key considerations. Unit size, quality of connectivity and availability of amenities are shaping purchasing preferences, reflecting evolving buyer expectations in India's urban residential markets.
The festive season is anticipated to provide a significant sales boost across residential developments, capitalising on traditional demand cycles and buyer sentiment. Real estate developers and agents are increasingly positioning their offerings to meet the specific criteria identified by prospective purchasers, particularly in emerging categories such as compact units in well-connected localities with modern facilities.
The consistency of buyer interest over a two-year horizon suggests that demand is not concentrated in the near term but distributed across coming quarters, offering developers a broader window for sales and project execution.