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A recent survey by realty consultant Anarock reveals that over 90 per cent of prospective homebuyers are worried about escalating residential property prices. The survey, which included nearly 8,250 participants, found varying degrees of concern, with nearly half expressing high anxiety. Average residential prices have surged by more than 50 per cent over the past two years, prompting most buyers to either delay or reconsider their property purchases. Affordability constraints and limited budget-friendly options are cited as the primary reasons behind the cautious approach.
According to a survey conducted by Anarock, prospective homebuyers are increasingly apprehensive about rising residential property prices. The respondents' concerns varied from slight to extreme, reflecting a broad spectrum of sentiment. Out of nearly 8,250 participants, 47 per cent were reported as very concerned, 24 per cent moderately concerned, 12 per cent slightly concerned, and 10 per cent extremely concerned, while only seven per cent were not at all concerned. Advertisement
The survey revealed that average residential property prices have climbed by over 50 per cent in the past two years, rising from INR 6,001 per sq ft in the second quarter of 2023 to INR 8,990 per sq ft by the second quarter of 2025. Anarock noted that this increase has significantly influenced purchasing behaviour, with only 21 per cent of buyers planning to proceed as intended. Meanwhile, 71 per cent of respondents reported delays in their property acquisitions, ranging from slight delays to postponements of one to two years or indefinite deferrals, and six per cent had cancelled their plans altogether.
Affordability issues were cited by 41 per cent of respondents as the key factor affecting their decisions, while 35 per cent pointed to a lack of options within their budget. The findings indicate that while property demand persists, cost concerns and limited suitable inventory are increasingly shaping buyer behaviour in the residential segment.
As buyers struggle to find options within their budget, developers and policymakers may need to consider strategies to improve affordability and expand housing choices to sustain market confidence and stimulate demand.
Source - PTI
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