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News: What type of properties are home buyers seeking post lockdown?-13-07-2020

https://economictimes.indiatimes.com/wealth/real-estate/what-type-of-properties-are-home-buyers-seeking-post-lockdown/articleshow/76906206.cms

As the country emerges from the lockdown in phases, homebuyers in tier 1 cities have once again started searching for properties on real estate portals, says the Magicbricks Propindex report. Real estate prices in metros dropped by up to 5% in the April-June quarter

*Q-o-Q change in volume of property searches on Magicbricks website in the Apr-Jun 2020 quarter.

**Q-o-Q change in volume of active listings on Magicbricks website in the Apr-Jun 2020 quarter.

1. HYDERABAD After rising by over 50% in ve years, the prices of ready-to-move property in this southern city fell by 5.2% in the AprilJune quarter.

Majority of the searches were for houses priced less than Rs 5,000 per sqft.

Most searched localities Miyapur Rs 2,150-5,700 Gachibowli Rs 3,850–8,600

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