Lower borrowing cost to improve house purchases in 2015 as per a survey

Mumbai: According to a report by ZyFin Research titled 'New Home Purchase Sentiment Index', consumer sentiment towards real estate investments is improving in 2015 due to reducing borrowing costs, improving employment outlook, availability of affordable housing projects and regulatory changes such as the recent Cabinet approval to Real Estate Bill  .  The significant rise in index, based on a poll of 3,000 consumers in 11 cities of different sizes across India, from 30.7 in 2014 to 43.9 in 2015 draws attention to positive sentiments in the market. According to ZyFin Research Chief Economist Debopam Chaudhuri, as perceived economic outlook improves along with increased household income, more number of consumers would be keen to invest in residential properties subject to availability of affordable housing projects and cheap loans.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.