3 Major Influences On Property Purchasing Behavior In India

By Author: Akshay Argade
Total Articles: 38
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Buying your own home is always considered a major achievement in the life of Indians. Owning a home and vehicle, in a way, certifies that you are a successful person in life. In previous years, however, there was not so much requirement of buying individual properties by every nuclear segment of the family as there used to be one person who made a huge house and all his sons and families and sometimes even relatives shared the house. It was only after skipping one or two generations that somebody again used to think of going separate due to space crunch and buy or build separate property. But the scenario has changed a lot in the modern India. Also the decision making power has shifted too some extent. So let's check out what are the three major influences the are affecting property purchasing behavior in India.

1. With the radical rise in the number of the families going nuclear in modern India, it is certainly influencing the rate of property purchase. Almost every couple with their children has their own residential unit. Even the children when grow up went on to buy separate unit for themselves to live along with ...
... their own individual families. Therefore the property buying rate has went up pretty high in the modern India as the more and more families going nuclear way.

2. The decision making power in terms of property have shifted majorly from only male member to both male and female in a family. Indian women are increasingly becoming self-sufficient and exercise their right of decision making and specially if it is a major decision like buying property. Even the housewives today have major say in terms of property as it is they are the one who spend the majority time in the house.

3. Preference for children's convenience is one of the major influence today in the property purchasing decision as in most of the cases both the parents are working and can't accompany their children everywhere. Therefore the properties that are convenient for the children gets the first preference. A good neighborhood along with school, daycare, activity centres is the nearby locations are the first thing people look for while making decision about a property.

If you too are considering to buying a property for yourself, consider the location advantage at the beginning. NRI Complex in Seawoods in one such residential complex that offers major facilities for a happy and convenient living. Contact Akshay Argade for purchasing 2 bhk lavish flat at NRI Complex today. Do not miss the chance!