As the pandemic has opened the Indian real estate marketing for home buying sentiment, people who already have one home are exploring options to buy another home as a investment.
This report by Savills India (source) shows some key findings for what the customers consider while buying the second home, for the property type, budget, preferred locations, and so on.
“Our survey analysis reveals that almost 70% of respondents want to invest in a second home priced at INR 2 cr or less.” says the report.Savills India report
In India, the millennial have been driving the change in home buying landscape. Those who already had one home, they are reasonably stable in their financial planning that they are exploring the options to buy the second home.