The outbreak of COVID-19 has impacted real estate activities across the country, however had the least impact on the home buyers’ sentiment in the markets of Bengaluru and Pune, mentioned the latest Magicbricks COVID-19 Property Buyers Sentiment Survey.
Magicbricks’ survey suggests that the outbreak of COVID-19 has temporarily affected more than 80% of the buying intent across the Tier-1 cities. However, home buyers in Pune and Bengaluru retained their intention of buying a house post COVID-19. The survey also suggests that buyer sentiments in the markets of Delhi/NCR and Mumbai,which were already sluggish before the national lockdown, will remain so after the crisis.
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