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Magicbricks Report: 3BHK units dominate demand in major cities
The Business Guardian
|September 27, 2024
The demand for 3BHK units has emerged as the dominant choice among homebuyers, accounting for over 50 per cent of the total demand in most major cities across India, according to the latest PropIndex Report by Magicbricks.
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As residential demand surged by 12.3 per cent quarter-on-quarter between July and September 2024, 3BHK units remained the most sought-after housing configuration, particularly in key urban markets, while 2BHK units continued to be popular in select cities like Chennai, Navi Mumbai, and Thane.
This surge comes alongside an 8.3 per cent increase in residential property prices.
The satellite cities near major urban centres like Delhi and Mumbai are leading the charge in price appreciation.
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