Homebuyers' sentiment bullish on hopes of capital appreciation: Magicbricks

Homebuyers' sentiment remains strong on expectations of rise in capital and rental values of residential properties, according to Magicbricks.

Real estate platform Magicbricks on Tuesday released 'Housing Sentiment Index' (HSI).

"With expectations of capital appreciation and rising rental yields, the homebuyer sentiment continues to grow strong," Magicbricks said in a statement.

Based on a survey of over 2,100 customers, the report indicates that the customer housing sentiment index has increased from 149 to 155 in just six months (April vs September 2024).

Investor sentiment was also notably robust in Noida and Greater Noida, both recording a high HSI score of 163, while cities such as Gurugram, Ahmedabad, and Hyderabad followed closely with scores of 160 each.

Conversely, markets like Delhi (HSI score 151), Bengaluru, and Mumbai (HSI score 148) exhibited relatively lower sentiment, likely attributable to rising property prices.

The survey also underscored growing confidence amo