Home Ownership Tops Priority List for Over 80% of Hyderabad Residents

A recent survey reveals that home ownership is the primary aspiration for residents of Hyderabad, with more than 80% identifying it as a top life goal. The findings underscore a city-wide drive for long-term security, investment, and personal growth through owning property.

Conducted by NoBroker.com, the survey indicates a strong sentiment among Hyderabadi residents towards stability and long-term planning. Among this majority, 44% cited “freedom from rent” as the key motivator for property ownership, demonstrating a shift away from transient living solutions towards rooted, permanent homes.

Another 32% of respondents saw owning a home as a meaningful investment that appreciates over time, providing both emotional satisfaction and financial returns. Owning a home as a symbol of personal milestone and achievement also came up as a significant factor.

Changing Trends in Property Choices

The data also suggests evolving preferences in the kind of properties sought by buyers. A noticeable trend towards under-construction properties has emerged, with 41% of prospective buyers now showing interest in these options. This shift is primarily attributed to pricing benefits and flexible payment schedules such properties offer.

In contrast, ready-to-move-in houses are experiencing a modest dip in interest. However, they continue to appeal to buyers who prioritize immediate occupancy and certainty in possession timelines—a key concern considering previous delays in property handovers across developments.

Popular Localities and Budget Choices

When it comes to neighborhoods, Kukatpally, Gachibowli, and Miyapur rank as the most preferred locations among homebuyers. Accessibility, infrastructure development, and proximity to IT hubs make these areas attractive choices for working professionals and families alike.

Budget-wise, the majority of respondents are looking for properties in the ₹60 lakh to ₹1 crore range. Another growing segment is the ₹40 lakh to ₹60 lakh bracket, reflecting the aspirations of first-time homebuyers and upwardly mobile individuals aiming for independent ownership.

Importance of Digital Platforms

The survey also highlights an increasing dependency on digital platforms for property searches. Over 70% of the respondents acknowledged using online portals to identify, shortlist, and compare properties. This marks a transformative shift in the way real estate decisions are made in India’s growing urban centers.

With technology simplifying the home buying journey and providing greater access to information, Hyderabad’s citizens are empowered to make informed and confident decisions about one of the biggest investments of their lives.

Conclusion

The findings from this survey paint a hopeful picture of Hyderabad’s residential market, where aspirations are becoming achievable goals, driven by a desire for stability, financial foresight, and personal achievement. As more residents look to buy homes, the city’s real estate sector is poised for continued growth and innovation in meeting the demands of its evolving population.