Saturday, October 19, 2019
News

'31% potential homebuyers to wait after elections to buy'

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Sunday, 2019 10:45:05 PM IST
Around 31 per cent potential homebuyers will wait till the end of the ongoing general elections to purchase a property, a 360 Realtors report said on Sunday.

The report, however, said that the scepticism with respect to the elections have softened.

"Around 31 per cent of the respondents have indicated that they would prefer to wait and watch rather than making a purchase," said the report, adding that nearly 60 per cent of such respondents thought that a change in government might lead to policy amendments.

As per the survey carried out on 1,000 potential homebuyers in the country, 55 per cent of the respondents indicated that their property buying decisions will remain unaffected by the elections, while 14 per cent of them were undecided.

According to the report, Indian home buyers are confident about the potential of the market owing to the Goods and Services Tax (GST) and the Real Estate (Regulation and Development) Act, among others.

"Amidst growing formalisation and attractive rates, it is natural that property transactions will mostly remain insulated from the upcoming elections," it said.

--IANS rrb/bc

( 195 Words)

2019-04-14-16:30:08 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
'Surat emissions trading scheme cuts pol...
Dry fruits from Afghanistan hit in CII C...
Aviation Ministry reviews progress on Ai...
Fresh stock to bring onion prices down i...
Jio posts Rs 990 cr net profit in Q2...
RIL's logs strong Q2 performance, net pr...
More...
 
INDIA WORLD ASIA
Slowdown happening as Modi 'does not kno...
Landslide BJP victory expected in Haryan...
BJP consolidates OBC base in UP Assembly...
After Article 370 axing, RSS demands UCC...
Kamlesh Tiwari was on ISIS hit list...
SC raps Delhi Police for having fleet of...
More...    
 
 Top Stories
Fresh stock to bring onion prices d... 
Indrani claims to have paid $5 mill... 
Jaipur, Kota, Jodhpur to have 2 may... 
Google Stadia Controller will have ... 
Vijaykumar: From humble beginning t... 
'Surat emissions trading scheme cut... 
Milind Soman, wife Ankita vacay in ... 
Man nabbed for cheating job seekers...