India, May 26 -- Homeownership is a priority for 80% of Indians, with the strongest purchase sentiment seen in Chennai (86%), Ahmedabad (83%), and the Mumbai Metropolitan Region (85%), according to a study by Knight Frank India. The trend is driven by rising disposable incomes, improved financial stability, and strong cultural preferences for owning property.

Two main markets that somewhat lagged in this regard were Delhi-NCR (74%) and Bengaluru (73%), owing to higher property prices and an influx of young, migrant professionals who favoured rental accommodations over ownership, the study showed.

The study 'Beyond Bricks: The Pulse of Home Buying' shows that as many as 80% of respondents have positive purchase sentiments across the coun...