egov.eletsonline.com-Real Estate Surge in India Signals Strong Investment Potential: Survey
Even as property prices soar, homeownership remains a top aspiration for most Indians. A new Ipsos India survey reveals that six in ten Indians want to buy a house, but financial hurdles and rising costs make it difficult—especially for renters, nearly half of whom fear they may never afford one.
While 73% of people globally aspire to own a home, demand is even stronger in countries like Hungary (88%) and Indonesia (86%). In India, 58% associate homeownership with security, though 59% believe society is too focused on property ownership. Notably, 58% of Indian renters still hope to own a home, compared to 93% in Indonesia.
Despite concerns over affordability, rising property prices are not viewed negatively. While 46% of Indians acknowledge price hikes over the past year and 50% anticipate further increases, 48%—the highest globally—see it as a positive trend, with 47% believing it benefits the country.
