Mumbai Metropolitan Region – including Mumbai, Thane and Navi Mumbai (20%), Bengaluru (19%), National Capital Region- including Delhi, Noida, Greater Noida and Gurugram (19%) emerged as India’s most searched regions for properties between January and December 2023, reveals Magicbricks in its report "How India Searched for Properties in 2023". Based on the customer preferences of over 2 crore visitors on Magicbricks platform, the report observed that 80% of prospective home buyers continued to prefer multi-storey apartments, followed by builder floors. Further, the report revealed that more than 56% of homeseekers preferred 3 BHK and larger units, evidencing a strong preference towards spacious apartments. It was also noteworthy, that in 2023, demand from NRIs constituted a substantial 9.4% of the total demand as against 6.2% in 2022, aligned with the global economic recovery post-COVID.
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