Makaan.com, an online portal devoted to real estate, has conducted a national survey called 'The Real Picture'. Through the survey, the portal strives to gauge the real scenario prevailing in the Indian Real Estate market, a sector which saw a serious meltdown in the last 9 months.

Both property seekers and builders were affected by the global economic slowdown. While the builders were unable to raise capital for their projects, property buyers on the other hand were deferring purchases due to job uncertainty and doubts about the future prospects.

The survey reveals how the real estate sector is now reacting to the recovery in the economy. And, also whether, the skepticism to buy a new home was actually a result of the slowdown or was it just a panic wave created by it.

The survey throws the following key findings:

*Brokers/ realtors are upbeat about recovery of the realty sector: An overwhelming, 79% national respondents feel that the sector has revived in the last 3 months. This scenario is echoed in both Metro as well as the Non Metro cities, as the majority of respondents agreed to the trend.

*Affordable housing has emerged as the need of the hour : 66% of the respondents confirm that majority of homebuyers in the present times want to buy property in the sub 40 lacs segment.

Respondents in Metros too feel same; however there also exists a sizeable demand for the mid segment (40 lac - 75 lac). The luxury segment (> 75 lacs) continues to have fewer takers.

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