<p>New Delhi: Realty portal Magicbricks on Thursday said that Mumbai Metropolitan Region (MMR), Bengaluru and Delhi-NCR are among the most searched regions for properties on its platform.</p>.<p> 'MMR (20 per cent), Bengaluru (19 per cent), NCR (19 per cent) emerged as India's most searched regions for properties in 2023,' Magicbricks said in a statement.</p>.<p> Based on the customer preferences of over 2 crore visitors on its platform, Magicbricks' latest report said that 80 per cent of prospective homebuyers continued to prefer multi-storey apartments followed by builder floors.</p>.India's big hospital chains think small to expand in booming market.<p> More than 56 per cent of home seekers preferred 3 BHK and larger units, reflecting a strong preference towards spacious apartments, it added.</p>.<p> Abhishek Bhadra, Head of Research at Magicbricks, said, 'in 2023, the real estate sector demonstrated remarkable progress characterised by robust demand, improved supply and increased interest from Millennials and Gen Z in real estate investments.' </p><p>He expects prices to stabilise next year on higher supply.</p>.<p> 'We also expect demand to maintain its upward trajectory, especially in tier 2 towns, reflecting substantial growth prospects in these regions. This outlook aligns with the evolving landscape of the real estate sector amid a progressive economic backdrop,' Bhadra said.</p>.<p> According to the report, the affordable housing market thrived in Ahmedabad and Kolkata, whereas MMR (63 per cent) and NCR (34 per cent) led the demand for luxury homes.</p>.<p> NCR refers to the National Capital Region.</p>.<p> While rental market demand remained stable across most cities, Bengaluru exhibited remarkable growth, elevating its demand share from 21 per cent in 2022 to 24 per cent in 2023.</p>.<p> 'Younger demographics, predominantly 18-35 years, constituted 67 per cent of pan India rental demand,' the report said.</p>.<p> Magicbricks has monthly traffic exceeding 2 crore and an active base of over 15 lakh property listings. It provides more than 15 real estate-related services, including home loans, pay rent, movers and packers, legal assistance, property valuation, and expert advice. </p>
<p>New Delhi: Realty portal Magicbricks on Thursday said that Mumbai Metropolitan Region (MMR), Bengaluru and Delhi-NCR are among the most searched regions for properties on its platform.</p>.<p> 'MMR (20 per cent), Bengaluru (19 per cent), NCR (19 per cent) emerged as India's most searched regions for properties in 2023,' Magicbricks said in a statement.</p>.<p> Based on the customer preferences of over 2 crore visitors on its platform, Magicbricks' latest report said that 80 per cent of prospective homebuyers continued to prefer multi-storey apartments followed by builder floors.</p>.India's big hospital chains think small to expand in booming market.<p> More than 56 per cent of home seekers preferred 3 BHK and larger units, reflecting a strong preference towards spacious apartments, it added.</p>.<p> Abhishek Bhadra, Head of Research at Magicbricks, said, 'in 2023, the real estate sector demonstrated remarkable progress characterised by robust demand, improved supply and increased interest from Millennials and Gen Z in real estate investments.' </p><p>He expects prices to stabilise next year on higher supply.</p>.<p> 'We also expect demand to maintain its upward trajectory, especially in tier 2 towns, reflecting substantial growth prospects in these regions. This outlook aligns with the evolving landscape of the real estate sector amid a progressive economic backdrop,' Bhadra said.</p>.<p> According to the report, the affordable housing market thrived in Ahmedabad and Kolkata, whereas MMR (63 per cent) and NCR (34 per cent) led the demand for luxury homes.</p>.<p> NCR refers to the National Capital Region.</p>.<p> While rental market demand remained stable across most cities, Bengaluru exhibited remarkable growth, elevating its demand share from 21 per cent in 2022 to 24 per cent in 2023.</p>.<p> 'Younger demographics, predominantly 18-35 years, constituted 67 per cent of pan India rental demand,' the report said.</p>.<p> Magicbricks has monthly traffic exceeding 2 crore and an active base of over 15 lakh property listings. It provides more than 15 real estate-related services, including home loans, pay rent, movers and packers, legal assistance, property valuation, and expert advice. </p>