Common man feels a dream home is now beyond his reach, says survey

New Delhi As the pandemic and the lockdown severely dented businesses across sectors and the income of a common man for over two months leaving peoples financial prospects utterly uncertain a large number of Indians now feel their hopes of purchasing a home of their own would remain a dreamThe IANSCVoter Economic Battery Wave survey showed that around 246 per people in the middleincome group and 183 per cent in the lowincome group feel a home of their own is beyond their reach nowInterestingly the despair exists despite the governments latest announcement of extending the Credit Linked Subsidy Scheme CLSS for middleincome groups to buy affordable housing units for one more year till March 31 2021This very feeling of incapability of purchasing a house is not limited to the low and middleincome groups as the survey also showed that nearly 7 per cent respondents from the higher income group feel their plans of buying a home have been derailedAround 176 per cent people in the higher income group said that they will not be able to purchase a property while 82 per cent and 63 per cent respondents in the middleincome group and the lowincome group respectively felt the same showed the survey carried out with a sample of 1200 peopleInterestingly many people in the higher income group also feel that they would not be able to buy a fourwheeler now The CovidTracker Economy Survey Wave 4 showed that 172 per cent of the respondents in the segment feel that buying a car is beyond their reach nowAround 74 per cent and 58 per cent respondents in the middle income and lowincome group now may not be able to buy a fourwheeler or a threewheeler tractor or autoDemand for twowheelers tends to reflect the shape of the economic situation and that very segment would see a major impact Around 75 per cent respondents in the lowincome group now feel they wont be able to buy a twowheeler vehiclePlans of owing a television refrigerator or an airconditioner also seem to be have been postponed by many as 35 per cent and 32 per cent respondents respectively in the middle income and higher income group have said that they cannot purchase the appliances in the current situationOver 2 per cent people in the lowincome group also think of buying these appliances as a distant dream nowThe hopes of owning a shop for several people of the lowincome group have been dashed as around 35 per cent respondents said that they cant afford to own a shop nowPlans for buying a phone or a laptop also have been deferred by many as 24 per cent 19 per cent 28 per cent people in the low income middle income and higherincome groups respectively said that both these technological needs are not affordable anymoreThe financial impact of the lockdown on an average Indians life can be gauged from the fact that 32 per cent respondents in the lowincome group felt that they can survive even less than month without income while 196 per cent of the middleincome group felt the sameOnly 287 per cent of them in the middleincome group said that they can survive just a month with their savings and without any income while 25 per cent in the lowincome group too can survive just a month on their savingsCatch up on all the latest Crime National International and Hatke news here Also download the new midday Android and iOS apps to get latest updates MidDay is now on Telegram Click here to join our channel middayinfomedialtd and stay updated with the latest news