India, February 20th, 2020: A study undertaken by Sulekha, India’s leading AI-driven tech platform for expert services has unveiled interesting trends and insights about the spending capacity of users of home and office interior services across Indian cities.
This study is based on visits and searches by nearly 31,000 users across Indian cities that landed on Sulekha.
Key findings of the study:
- In the past one year, users have spent INR 2.96 lakhs on interior services across metros, a 12% increase from 2019.
Home Interiors
- Bangalore, Ahmedabad and Hyderabad are the top 3 cities who spend the most on home interior services.
- Users from Bangalore spend the most on home interior services; they spend INR 10 lakh on an average. This shows that the Users are very keen on beautifying their homes and are willing to spend a large fee for the same.
- Users from Ahmedabad are willing to spend an average of INR 6.71 lakh and up to INR 30 lakh on home interiors.
- Users from Hyderabad are willing to spend an average of INR 6.24 lakh and up to INR 60 lakh on home interiors.
- Users from Noida are willing to spend an average of INR 6.03 lakh and up to INR 25 lakh on home interiors.
- Users from Kolkata are willing to spend an average of INR 5.68 lakh and up to INR 30 lakh on home interiors.
- Users from Mumbai are willing to spend an average of INR 5.40 lakh and up to INR 40 lakh on home interiors.
- Users from Pune are willing to spend an average of INR 4.60 lakh and up to INR 50 lakh on home interiors.
- Users from Chennai are willing to spend an average of INR 3.67 lakh and up to INR 20 lakh on home interiors.
Office/ Commercial Interiors
- Mumbai, Hyderabad and Gurgaon are the top 3 cities who spend the most on office/commercial interior services.
- Users from Mumbai spend the most on office interior services; they spend INR 5.75 Crore on an average and are willing to spend up to INR 40 Crore. This clearly solidifies the fact that Mumbai is the commercial destination of the country.
- Users from Hyderabad are willing to spend an average of INR 63 lakh and up to INR 10 Crore on office interiors. Closely behind Bangalore, the IT sector occupies almost three-fourth of the total office space on offer.
- Users from Gurgaon are willing to spend an average of INR 13.9 lakh and up to INR 40 lakh on office interiors.
- Users from Bangalore are willing to spend an average of INR 8.73 lakh and up to INR 60 lakh on office interiors.
- Users from Ahmedabad are willing to spend an average of INR 7.66 and up to INR 20 lakh on office interiors.
- Users from Kolkata are willing to spend an average of INR 4.72 lakh and up to INR 40 lakh on office interiors.
- Users from Pune are willing to spend an average of INR 2.89 lakh and up to INR 10 lakh on office interiors.
- Users from Chennai are willing to spend an average of INR 2.05 lakh and up to INR 7 lakh on office interiors.
Painting Services
- Mumbai, Hyderabad and Pune are the top 3 cities who spend the most on painting services.
- Users from Mumbai spend the most on painting services; they INR 13.89 lakh on an average and up to INR 1.50 Crore.
- Users from Hyderabad are willing to spend an average of INR 1.35 lakh and up to INR 3 lakh on painting services.
- Users from Pune are willing to spend an average of INR 1.06 lakh and up to INR 4 lakh on painting services.
- Users from Bangalore are willing to spend an average of INR 46,000 and up to INR 1.5 lakh on painting services.
- Users from Kolkata are willing to spend an average of INR 35,500 and up to INR 70,000 on painting services.
- Users from Chennai are willing to spend an average of INR 15,286 lakh and up to INR 40,000 on painting services.
Satya Prabhakar, Founder & CEO, Sulekha, said, “Beautifying homes has always been a part of Indian culture and it is very interesting for us to note the diverse spending trends across Indian cities. Interestingly, Mumbai is among the cities that spends the least on home interiors but when it comes to office/commercial interiors, they are willing to splurge. The cost of interior services is on par with the real estate costs in Mumbai. On the other hand, Chennaites are traditional and spend a smaller sum for both home and office interiors. Although metros are shelling out more, the Tier II cities are also quickly catching up with the trend.”
Sulekha will share interesting insights on multiple Home, Office and Education related services as a part of a regular Trend Tracker.