Most Indians prefer second-hand property: Study
New Delhi, May 13 (Xinhua-ANI): Most Indians prefer buying a second-hand, ready-to-move property over new launches, a real estate study has revealed.
According to the study, based on a survey across eight cities including the national capital New Delhi, Mumbai, Kolkata and Bangalore, 72 percent of Indians are negotiating to buy a second- hand property and 82 percent of the remaining 26 percent who have invested in new launches regret their decisions due to delay in delivery.
The survey findings have been published online by real estate market news portal Track2Realty in a report titled "Home Buyers Satisfaction Index".
India has been experiencing real estate boom, with a number of Indians opting for a property, preferably an apartment, because of the easy availability of housing loans these days. (Xinhua-ANI)
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