Magicbricks' latest survey across 13 prime cities reveals a robust customer sentiment towards luxury real estate. The survey highlights that 25.5% of prospective buyers are considering properties priced above ?1 crore, with significant interest in the ?3.5–5 crore segment.
Interest in luxury and ultra-luxury homes has surged dramatically, with 35% of respondents expressing high intent, nearly double the 18% recorded in the previous quarter. This notable shift reflects growing confidence in the luxury housing market.
The survey also underscores a strong preference for larger living spaces. Around 45% of respondents are seeking homes above 2,000 sq. ft., driven by post-COVID lifestyle changes and rising disposable incomes. Additionally, 56% of buyers favor configurations of 3BHK or larger, emphasizing a demand for more spacious and functional homes.
These insights underline a dynamic shift in consumer preferences, reinforcing the luxury segment’s prominence in India's real estate landscape.
Magicbricks is India’s No.1 property site
As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full stack service provider for all real estate needs, with services including home loans, interiors, and expert advice.
With 17+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV- India’s leading online real estate YouTube channel, and other proprietary tools so that home buyers can access all information related to price trends and forecasts, locality reviews and more.
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