According to the annual survey released on Monday by real estate property website NoBroker, as the gap between rents and equated monthly installments (EMIs) continues to close, 65% of Indians are eager to buy a home in 2024. It went on to say that the increased affordability and security of owning a tangible asset are also important factors. Based on a survey of 32,000 Indians, the most important reason for purchasing a home is the rent growth. According to 41% of those polled, it now makes more sense to buy rather than rent a home, according to the report.

According to the data, 56% of polled landlords have raised the rentals on their homes. The majority of these, 35%, have increased their rent by 10-20%. Thirty-three percent increased their rent by 20-30%, while 28 percent increased it by less than 10%. The remaining 4% have increased their rent by 30% or more. Furthermore, residences are easier to rent out today, and 86% of landlords want to buy a second property as an investment. The report also stated that real estate is still the most popular investment option in India. Compared to 71% in 2022, 74% of Indians say real estate is superior to any other form of investment by the end of 2023.

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Thirteen percent say gold is the finest alternative, while twelve percent believe stocks and systematic investment plans (SIPs) are the best options. Another 1% of Indians prefer Bitcoin to anything else.

"It (real estate) has a track record of consistent growth over the last few decades and has repeatedly proven to be the best investment option." It is a safe investment option that increases over time and provides decent returns while also allowing for tax savings," according to the report.