'Mumbai region, NCR most searched for properties in '23'

The Mumbai Metropolitan Region (MMR at 20%), National Capital Region (NCR at 19%) and Bengaluru (19%) have emerged as India's most searched regions for properties in 2023, according to a report by Magicbricks. Multi-storey apartments remain the top choice (80%) of homebuyers, followed by builder floors. Over 56% of home-seekers preferred 3 BHK and larger units, evidencing a strong preference towards spacious apartments. NRIs looking for properties rose to 9.4% of total demand this year from 6.2% in 2022. MMR (63%) and NCR (34%) led the demand in the luxury segment.

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