by Suman Gupta
- 1950 high intent homebuyers surveyed by Magicbricks’ Housing Sentiment Index
- Customers betting on prices to further increase by 15% in one year
Mumbai, April , 2025: Magicbricks, India’s leading real estate platform, has observed a significant shift in homebuyer budgets across metropolitan cities, as residential prices continue to rise. According to the latest Housing Sentiment Index (HSI) report by Magicbricks—based on a survey of 1,950 high-intent homebuyers—buyers are now aligning their budgets to market realities, setting aside 5–6 times their annual income to purchase homes.
The report revealed that 45% of homebuyers with annual household incomes between ₹10–20 lakh are now targeting homes priced between ₹50 lakh to ₹1 crore. Simultaneously, 44% of respondents earning over ₹1 crore annually are eyeing properties priced between ₹3.5 to ₹5 crore, showcasing a growing appetite for mid-premium and premium segments.
This behavior aligns with the platform’s market data, which shows that average residential prices across 13 major metros have surged 21.7% year-on-year. The consistent increase in property rates is prompting homebuyers to adjust their financial planning and adopt long-term investment outlooks.
Despite this bullish sentiment around real estate as an asset cl-ass, the report also highlighted emerging caution among buyers. With 53% of high-intent homebuyers citing capital appreciation and rental yield potential as their key motivators, the market outlook remains largely positive. However, 46% of respondents have adopted a “wait and watch” approach to buying decisions, citing affordability concerns.
Notably, 58% of these fence-sitters pointed to prevailing market conditions—including continued price appreciation and reduced availability of affordable options—as key reasons for their hesitation. The dominant sentiment among this group is that property prices may rise by more than 15% over the next year, influencing a delay in purchase decisions as they assess timing and market correction possibilities.
As the Indian residential real estate sector evolves with rising incomes and growing aspirations, Magicbricks will continue to track buyer sentiment, price trends, and market dynamics to support stakeholders with credible insights and data-led guidance.
Magicbricks is India’s No.1 property site
As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full stack service provider for all real estate needs, with services including home loans, interiors, and expert advice.
With 17+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV – India’s leading online real estate YouTube channel, and other proprietary tools so that home buyers can access all information related to price trends and forecasts, locality reviews and more.
