Mumbai tops in property investment in India

IndiaProperty.com, India's No.1 property portal from Consim Info (formerly known as BharatMatrimony Group) today released their online survey report, which showcases the 'Trend in residential space across top cities in the current scenario'. The survey received over 3,000 respondents and most of them showed interested in buying residential property now.

Chennai, Tamil Nadu, July 20, 2009 /India PRwire/ -- IndiaProperty.com, India’s No.1 property portal from Consim Info (formerly known as BharatMatrimony Group) today released their online survey report, which showcases the ‘Trend in residential space across top cities in the current scenario’. The survey received over 3,000 respondents and most of them showed interested in buying residential property now.

The analysis was to study customer views on the current market condition & if they are keen on buying residential property. Respondents from Metros and other cities, which include Pune, Thane, Coimbatore, Ahmedabad, Vadodara and many more inquired details about purchasing a property. More over, people aspired to services like water, security, connectivity by public transport, parking space over other lifestyle features that include gym, indoor game facilities, and swimming pool.

Commenting on the survey findings, Murugavel Janakiraman Founder & CEO Consim Info remarked, “Market sentiments are reviving and people are willing to invest. This could be owing to a stable government and the price correction factor. Based on our survey, more than 60% of the customers are looking at buying residential property in the next 6 months. They also are expecting a lowering of interest rates on home loans”.

Some key findings derived from the survey are:

· Mumbai is still the most preferred destination to invest in property, while Chennai takes the first place for property investments in South, over Bangalore.

· 60 % of the respondents feel that the interest rates for home loan will fall further in the coming months.

· Apart from metros, Tier 2 cities like Patna, Nasik, Trichy & Madurai, seem to be on the rise for property investments.

· 40 % of the respondents show interest on property with a square feet ranging from 500 to 1000 sq ft, which is inclined towards ‘Affordable Homes’.

· 50 % are looking for properties for their personal use rather than just buying property for investment.

IndiaProperty.com constantly studies its customer’s needs on the real estate market through regular surveys, property fairs and events.

Notes to Editor

About IndiaProperty.com

IndiaProperty.com is owned by Consim Info Pvt. Ltd., an ISO 9000:2001 certified company and one of India’s fastest growing Internet entities. Started in the year 2006, IndiaProperty offers both realtors and consumers the most comprehensive property resources and serves as a one-stop shop for all kinds of property requisites. The site can be used to buy, sell, rent and lease properties across all major cities in India. IndiaProperty has over 5,00,000 lakh property listings from across India with all major builders and agents listings their properties in the site. IndiaProperty boasts of over 1 million unique visitors every month. YahooIndia Property search is also powered by Indiaproperty.com. In 2008 IndiaProperty was awarded the Best Property Site by PC WORLD. The site has been ranked the leading property portal by Comscore, Google and Alexa. IndiaProperty.com is the first to introduce Virtual Property Fair in 2009.

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