Hindustan Times-Buyers of homes worth ₹3 crore and above take the least time to buy property: Report
Buyers of ultra luxury homes priced at ₹3 crore and above took the least time to decide on the purchase, approximately 15 days in H1FY 2025, while buyers of apartments priced between ₹50 lakh and ₹1 crore took almost a month to press the buy button, a report by Anarock has said.
Overall, the lead-to-buy conversion time to buy property in India has come down to 26 days on an average in the first half H1 FY25 against 33 days in FY 2021, it said.
A deeper analysis of the budget category data shows that ultra-luxury homes (priced more than ₹3 crore) involve the lowest conversion time, clocking in at just 15 days in H1 FY 2025. Back in FY 2024, it was 22 days - thereby reducing by a whole week, it showed.
