Table of Contents
Get End-to-end Assistance in Buying a Property

Buyer Benefits Worth Rs.2 Lakh

Complete Property Legal Assistance

Get up to 90% of Property Funding

Up to 25% Off on Home Interior
Loved what you read? Share it with others!


Submit the Form to Unlock the Best Deals Today

Check Your Eligibility Instantly

Experience The NoBrokerHood Difference!
Set up a demo for the entire community


Tenant Super Relax Plan
Enjoy Hassle-Free Renting



Buying or Renting a House: Which is Right for You?
The answer to what is better, buying or renting, is a very tough one. People have different views on what makes sense for them based on various factors like their families, their jobs, their financial standing and their personal desires.
Recommended Reading

Breaking Down House Construction Costs in India: Easy Tips for Your Budget" in better way
January 31, 2025
72387+ views

How To Check the Market Value in Andhra Pradesh?
February 12, 2025
66596+ views

Need to Know What Carpet Area Calculation is? Read on to Know All about it
January 31, 2025
41713+ views

Simple 5 Lakh Budget House Plans - An Affordable Housing Solution
January 31, 2025
41479+ views

List of Top 10 Best Builders in Chennai 2025
January 31, 2025
23052+ views

But, since we wanted to understand what most people are likely to do in 2024, buy or rent, we looked at data from the NoBroker Real estate report 2019. The report has insights that have been gathered from over 7 million NoBroker customers and a survey with over 12546 respondents.
Hyderabad
Out of the 6 cities that we collected data from, renters in Hyderabad were the keenest to buy homes. Here, 69% of renters were looking to buy homes this year (2024).
Get End-to-end Assistance in Buying a Property

Buyer Benefits Worth Rs.2 Lakh

Complete Property Legal Assistance

Get up to 90% of Property Funding

Up to 25% Off on Home Interior
Bangalore
Here, the enthusiasm to buy homes was not far behind as 65% of renters in the city were looking to buy their own homes.
Mumbai
Despite how expensive houses in Mumbai are, a whopping 59% of renters are looking to buy their own homes in Mumbai.

Pune
Renters in Pune too, want to move into or own their own homes. Here about 56% of renters are looking to buy a home in 2024.
Chennai
In Chennai, about 55% of renters are looking to buy a home. This is not too far behind compared to the other cities.
Overall, 64% of Tenants Are Looking to Buy Homes In 2024
This is great news for the real estate industry as it means there is a chance for unsold inventory to finally be taken off the market.

When compared to last year, there is a 10% increase in people looking to move from renting to owning a home. This could be due to the various steps that banks and the government has taken to make owning a house possible such as –
- Pradhan Mantri Awas Yojana (PMAY) and Credit Linked Subsidy Scheme (CLSS)
- The Maharashtra Housing and Area Development Authority Scheme (MHADA)
- Delhi Development Authority Housing Scheme (DDA)
- Nandamuri Taraka Rama Rao (NTR) Urban Housing Scheme
- Tamil Nadu Housing Board Scheme (TNHB)
- Real Estate Regulatory Authority (RERA)
- Standardised tax rates (GST)
- ‘Housing for All’ scheme (offers subsidised interest rates on home loans)
With so many policies and so many rate cuts, there is no time like the present to buy a home. In fact, 71% of renters see the home loan rate cuts as a positive change and are more likely to buy a house because if this.

If you need assistance with buying a home, then let the experts at NoBroker help. You will be able to find a house for any budget, of any size and in any locality of your choice. NoBroker makes house hunting simple, and convenient and helps you save lakhs on brokerage when you are buying a home. For more click below

Loved what you read? Share it with others!
Most Viewed Articles

Top 26 Cleanest City of India: List of the Best Cities Ranking Wise in 2025
March 17, 2025
162828+ views

Auspicious Dates and Good Nakshatra for Property Registration in 2025
May 21, 2025
122611+ views

How Mivan Construction Technology Is Transforming the Art of Building!
January 31, 2025
106704+ views

CIDCO Lottery 2025 - CIDCO Starts Registration for 5730 Homes in Navi Mumbai
April 30, 2025
84984+ views

Breaking Down House Construction Costs in India: Easy Tips for Your Budget" in better way
January 31, 2025
72387+ views
Recent blogs in
10 Best Places to Live in Chennai: Budget-Friendly Neighborhoods to Buy or Rent a Home in 2025
May 30, 2025 by Ananth
May 30, 2025 by Suju
10 Best Places to Live in Delhi: Affordable Neighborhoods to Buy or Rent a Home in 2025
May 30, 2025 by Suju
May 30, 2025 by Ananth
Join the conversation!