Property market: House search moves from buying to renting?

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What has been the change in the property market within the last 2-3 years? (AP) What has been the change in the property market within the last 2-3 years? (AP)
SummaryWhat has been the change in the property market within the last 2-3 years?

the three years; however, there are localities within the city that have shifted zones. The overall city has retained its preference for rental and the argument in favor of rental has got strengthened over the last 3 years. The NCR regions like Faridabad, Noida, Gurgoan and Ghaziabad have shifted zones. Faridabad has seen the maximum shift from Neutral (OND 11) to Buy (OND 12) to now Rent (OND 13). The locality has seen the maximum shift of 13 points within one year.

However, as compared to the main city of Delhi, the NCR still remains affordable. Home buyers are advised to purchase property in Noida depending upon their financial condition as MBRI for this sub-cities lies between 21 and 25. Among areas that should be preferred for renting, Dwarka takes the lead not only in Delhi NCR both at the National level as well. In Dwarka, the MBRI has jumped the highest in three years, 19 points, and here rentals are far cheaper compared with the prevailing property price

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Bangalore – Bangalore has witnessed the highest IT boom in the country and the same is reflected in the property prices. The index for Bangalore has moved to Neutral zone from Buying zone. The MBRI figure has moved from 19 to 24 over three years. The city that was preferred for buying in 2011, moved to Neutral zone in 2012 and moved further in the Neutral category in 2013; it is now suitable for making a conscious investment

Within the city, main pockets like Bangalore North, Bangalore East, Bangalore South and Bangalore West were in the Buying zone in 2011; in 2012 Bangalore North and Bangalore West moved to Neutral zone and in 2013 only Bangalore East remains in the Buying zone. Although, there has been quite a MBRI shift within the sub-cities of Bangalore, only one sub-city: Bangalore Central comes under Renting zone meaning the home buyers can still aspire to own a home in the other sub-cities.

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Hyderabad –The index for Hyderabad

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