“Influence of Gender, Education and Occupation on Stipulate of Demand for Residential Property”
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Abstract
Towindo Tichaona (2013) through his research found that the real state and property management are playing important role in the economic growth and development of the country. It is going to the third largest construction market in coming years. Tremendous demand surge has grabbed the attention of international players too. Real Estate Regulatory Authority has played major role in the formalizing activities, introducing and maintaining transparency and better governance practices. The construction industry in India is expected to steadily recording a CAGR of 9.9% during 2023-2027. The construction output in the country is expected to reach INR 66,954.8 billion by 2027. Furthermore, the demand for residential units is also driving the residential construction market in India. Despite the surge in construction costs and rate hikes announced by the Reserve Bank of India, the growing residential sales volume has led to a recovery in the real estate market. The growth has been led by mid-range, premium, and luxury segments in 2024. Researcher has studied the influence of demographics on stipulation of demand for residential property using logistic regression considering 150 residents from Bangalore. Statistical inferences have been drawn based on the analysis.