As the country awaits the result of the polls, everyone would be interested in knowing which party will come to power.
As the country awaits the result of the polls, everyone would be interested in knowing which party will come to power.
An online real estate portal had conducted a survey to gauge beliefs of an average property seeker about the elections and their expectations from the forthcoming government.
While seeking people’s choice for coalition government, city-wise in eight cities of the country, it was found that Ahmedabad topped with 51% respondents for being more hopeful for BJP led-coalition that would boost the realty sector. Bangalore and Pune followed Ahmedabad with 42% and 37% respondents who voted for BJP respectively.
On views of buying/investing in property before the formation of the new government, the respondents had mixed reactions on it. However, 51% of the survey takers were willing to hold back their realty purchases until the future government comes in power. Of all, Ahmedabad ranked third with 52%, followed by Hyderabad and Mumbai with 57% and 54% respectively for holding property buying while 40% are ready for immediate investment and 9% of the total respondents are undecided.
The national online survey ‘My Vote. My Makaan’, conducted by makaan.com, covered leading eight metros and tier II cities of India including Ahmedabad and was conducted on the portal between 22 to 30 April 2009 and saw participation from over 3,563 property seekers nationally.
Agreeing on the same, National head-sales and operation of IndiaProperty.com, Shrikanth T, an online realty portal said “We also have been experiencing that people are holding to buy property. In many cases some of the property owners are avoiding to sell their property.”
This could be because they would be expecting some benefits from the government in terms of tax relations etc, he added. Referring to the survey about the property prices going up or down with the formation of any party, BJP or Congress, Shrikanth said that who so every government comes must intend to fulfill a common man’s need, ‘roti kapda aur makaan’.
When checked on the income bases the lower income group prefers the Congress-led coalition, the middle and upper middle income group favors for BJP. Buyers from lower & mid level income groups flood the Indian property market today.
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