In a recent a report by Liases Foras, a real estate research firm revealed that in the last year, most of the apartments sold are priced below Rs.5,000 per sq. ft. in cities like Bangalore, Mumbai, NCR, Pune, and Chennai, where almost three out of four homes sold are priced alike. The data also showed that around 73 percent of the total sales in these areas were priced below Rs.5, 000 per sq. ft., whereas Bangalore and Pune saw total sales of 84 percent, which was the highest.

The figure give by the data was like this, where Chennai comprised total sales of 78 percent in Chennai, NCR witnessed a sale of 80percent under this category, and whereas the Mumbai Metropolitan Region (MMR) saw a total sale of 42 percent under this segment, which was the lowest.

Lalit Kumar Jain - chairman of Confederation of Real Estate Developers Association of India, a builders' association said that people in this segment realise understood that prices will increase in future and this kind reasonable price will be difficult to get.

The report also said that property prices increased between 2010 and 2012 and over the past one year prices are steady in most places and in some places it has dropped.

Another data by National Housing Bank (NHB) Residex showed that the quarter to September saw decline in prices in 10 cities and in 12 cities the price raised marginally. In the NCR the prices declined by 4.5 percent and in Bangalore prices dropped 1 percent.

The data by Liases Foras also showed that around 711 million sq. ft. of homes continued to remain vacant in the country by the end of September and in just one quarter 41 million sq ft of vacant homes increased.

Shiv Priya - Executive Director of Amrapali Developers said that since the prices have reduced in recent quarters people in this segment are still buying and developers are offering discounts and schemes to attract buyers and also added that post general elections the property prices will increase.

RV Verma - Chairman of NHB said the need of loan in this segment is fairly lower and much more reasonable.  Prices correction has also taken place; hence, people think it is the ideal time to buy a house.

Indiabulls Housing Finance gave a data, which showed that 80 percent of home loans account in this segment and more people in this segment are working in the middle management of companies with a job continuity viewpoint.

Gagan Banga - Managing Director and Chief Executive Officer of Indiabulls Housing Finance said that people in this segment are with job secure that has encouraged them to buy property.