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While the rise in rent is seen as the biggest factor for more people willing to buy homes, 86% of landlords who were surveyed are looking to buy a second property

65% Indians willing to buy homes in 2024: NoBroker Annual Report 2023

While the rise in rent is seen as the biggest factor for more people willing to buy homes, 86% of landlords who were surveyed are looking to buy a second property

Property Ownership:&nbsp;65% Indians are willing to buy a home in 2024, revealed the annual report released by real estate property website NoBroker. This as the gap between rent and EMIs continues to narrow. The report further added that the increase in affordability and security of owning a physical asset is also among the other contributing factors.
<h3>NoBroker Report</h3>
The report surveyed 32,000 Indians out of which 41% said that it now makes more sense to buy rather than to rent a property. Those who were surveyed noted that the biggest factor pushing people towards buying homes is the rise in rent.&nbsp;
In Bengaluru the rent has risen 24%, 18% increase in Chennai, 16% in Hyderabad, 15% in Delhi-NCR and 14% in Mumbai. 56% of the landlords who participated in the survey have increased the rent by as much as 28%. 86% of the landlords are looking to buy a second property as an avenue for investment.
Also Read: <a href="https://www.editorji.com/business-news/personal-finance/housing-rents-soar-rentals-in-7-it-hubs-see-31-spike-bengaluru-tops-the-list-says-anarock-1699530896580">Housing rents soar: Rentals in 7 IT hubs see 31% spike; Bengaluru tops the list, says Anarock</a>
As per the report, the second most important factor for people to choose to buy a home is affordability. 27% &nbsp;said that they want to buy a home simply because they can while 23% said that they want to get the security of owning a physical asset. 9% said that they want to buy a home because they are getting married.
<h3>Investment in Real estate</h3>
The preference of investment in real estate also continues. As compared to 71% in 2022, 74% of Indians at the end of 2023 believe that real estate is better than any other form of investment.
"It (real estate) has demonstrated a track record of consistent growth over the past few decades and, time and again, has proven to be the best investment option. It is a safe investment option that appreciates over time and ensures good returns while also enabling tax savings," the report said.
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Gurgaon administration has decided to increase the circle rate by upto 90% in some of the elite locations in the area as per reports.&nbsp;
Circle rates at DLF&rsquo;s Camellias, Magnolias and Aralias, which houses one of the costliest condominium in the country, has been increased from Rs 20,000 sq ft to Rs 25,000 sq ft.
While circle rate at DLF&rsquo;s Carlton and Crest has been increased from Rs 8,000 sq fr to Rs 15,000 and Rs 12,000 respectively.
The revenue department stated that the new circle rates will be applicable from April 8, so any registration happening from Thursday will be as per the new rates.&nbsp;

Gurgaon realty gets higher price tag, circle rates rise by 90% 

Gurgaon administration has decided to increase the circle rate by upto 90% in some of the elite locations in the area as per reports.&nbsp;
Circle rates at DLF&rsquo;s Camellias, Magnolias and Aralias, which houses one of the costliest condominium in the country, has been increased from Rs 20,000 sq ft to Rs 25,000 sq ft.
While circle rate at DLF&rsquo;s Carlton and Crest has been increased from Rs 8,000 sq fr to Rs 15,000 and Rs 12,000 respectively.
The revenue department stated that the new circle rates will be applicable from April 8, so any registration happening from Thursday will be as per the new rates.&nbsp;

Big boost for affordable housing segment in Karnataka as the Govt has reduced stamp duty from 5% to 3%.
Presenting the Karnataka Budget for fiscal 2021-22 Chief Minister B S Yediyurappa announced the reduced stamp duty on apartments priced between Rs 35 lakh-45 lakh.&nbsp;
The state govt hopes this will spur real estate sales that have been slumping. Revenue from stamp and registrations will face a shortfall of over Rs 2000 cr this year as per the budget presented in the state assembly.&nbsp;

Karnataka cuts stamp duty from 5% to 3% 

Big boost for affordable housing segment in Karnataka as the Govt has reduced stamp duty from 5% to 3%.
 Presenting the Karnataka Budget for fiscal 2021-22 Chief Minister B S Yediyurappa announced the reduced stamp duty on apartments priced between Rs 35 lakh-45 lakh.&nbsp;
 The state govt hopes this will spur real estate sales that have been slumping. Revenue from stamp and registrations will face a shortfall of over Rs 2000 cr this year as per the budget presented in the state assembly.&nbsp;

Big boost for affordable housing segment in Karnataka as the Govt has reduced stamp duty from 5% to 3%.
 Presenting the Karnataka Budget for fiscal 2021-22 Chief Minister B S Yediyurappa announced the reduced stamp duty on apartments priced between Rs 35 lakh-45 lakh.&nbsp;
 The state govt hopes this will spur real estate sales that have been slumping. Revenue from stamp and registrations will face a shortfall of over Rs 2000 cr this year as per the budget presented in the state assembly.&nbsp;

Home prices across the United States jumped 10.4% in December, traditionally as a slow month for realty.&nbsp;Case-Shiller Home Price Indices&nbsp;&nbsp;which measures average home prices in major metropolitan areas saw one of the largest annual gains in the 30-year history of the index.
Phoenix, Seattle, and San Diego continued to show the strongest price gains among the 19 cities surveyed.
Record low interest rates and pandemic forced work from home has led to a surge in home sales across the United States.&nbsp;Sales of previously owned homes, which make up the bulk of the housing market, rose in 2020 to their&nbsp;highest annual level since 2006.
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Home Prices Surge In United States

US Home Prices Soar In December

The realty market continue to heat up across the United states Home prices as tracked by Case-Shiller Home Price Indices&nbsp;&nbsp;jumped 10.4% in December. This is also one of the largest annual gains in the 30-year history of the index.
Phoenix, Seattle, and San Diego continued to show the strongest price gains among the 19 cities surveyed.
Record low interest rates and pandemic forced work from home has led to a surge in demand for&nbsp;homesacross the United States. Sales of previously owned homes, which make up the bulk of the housing market, rose in 2020 to their&nbsp;highest annual level since 2006.

Home prices across the United States jumped 10.4% in December, traditionally as a slow month for realty.&nbsp;Case-Shiller Home Price Indices&nbsp;&nbsp;which measures average home prices in major metropolitan areas saw one of the largest annual gains in the 30-year history of the index.
Phoenix, Seattle, and San Diego continued to show the strongest price gains among the 19 cities surveyed.
Record low interest rates and pandemic forced work from home has led to a surge in home sales across the United States.&nbsp;Sales of previously owned homes, which make up the bulk of the housing market, rose in 2020 to their&nbsp;highest annual level since 2006.

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