the location(30%) which was the biggest influence last year. Other factors that will influence purchase decision are connectivity and neighbourhood, proximity to school, hospitals, etc. It is interesting to note that only 5% home buyers chose rate size as the top purchase consideration. Since major part of the real estate cost can be attributed to the land and construction cost, it needs to be seen if there will be some incentive from the government to offer subsidized land, especially for affordable housing projects.
The development agenda, which was the central theme of the election campaign, seems to have created a resonance among the Indian home buyers with them counting on the new government to keep its promises.