The expectations and interests of the property buyers in Chennai, most preferred and the least preferred property, most sought after region...etc. Would be quite useful for the property developers.
2. Property Type
>> 80% of people in Chennai
look for Flats for Sale in Chennai
>> 12% of people in Chennai
look for individual Homes
>> 10% of people in Chennai
look for plots
3. Possession Preference
>> 54% look for
Ready to move projects
>> 39% look for
Near possession projects
>> 7% look for
projects in 2015
4. Ready to Spend
On average people in Chennai spend
>> 45 lacs for buying flats
>> 60 lacs for buying
individual homes
>> 9 lacs for buying plots
5. BHK Preference
On average people in Chennai want
>> the size of 2 BHK flat/house
to be 1100 sq.ft
>> the size of 3 BHK flat/house
to be 1400 sq.ft
6. Reaching out to Builder
>> 30% of Buyers expect
the Builders to call
>> 60% of Buyers talk, enquire
and negotiate over phone
7. Flats for sale in Chennai: Report Card
>> Flat Preference: High
>> Flat size: Small
>> Ready-to-move-in: High
>> Look out for deals: High
>> Money Shelled Out: High
>> Hotspot: OMR
>> Builder Reputation: Medium