{"id":406,"date":"2023-02-22T15:35:00","date_gmt":"2023-02-22T15:35:00","guid":{"rendered":"https:\/\/www.saldanha.in\/blog\/?p=406"},"modified":"2023-03-03T15:44:06","modified_gmt":"2023-03-03T15:44:06","slug":"44-of-young-indians-are-keen-on-buying-a-house-in-the-next-two-years","status":"publish","type":"post","link":"https:\/\/www.saldanha.in\/blog\/44-of-young-indians-are-keen-on-buying-a-house-in-the-next-two-years\/","title":{"rendered":"44% of young Indians are keen on buying a house in the next two years"},"content":{"rendered":"\n<p><strong>Source: BT Money Today ( <a href=\"http:\/\/bit.ly\/3SO5cqH\">http:\/\/bit.ly\/3SO5cqH<\/a> )<\/strong><\/p>\n\n\n\n<p>Millennials are the power segment when it comes to home-purchase and reports confirm how over the next few years, they will be among the top buyers of houses in India. Experts suggest that the following generation or Gen Z too will be investing in property. In fact, a global survey conducted by real estate experts CBRE released this week shows that 44 per cent of young Indians are keen on buying a house in the next two years \u2013 which is a much higher percentage than the rest of the globe. Three main factors are responsible for driving this trend:<\/p>\n\n\n\n<p><strong>Increased affordability among young professionals<\/strong><br>With the development of affordable housing projects, many millennials are able to purchase homes at relatively lower prices than what was available in the past. Additionally, a surge in housing development all across the country over the last decade has made house-buying a strong investment option for this age group. The trend has become even more pronounced in the post-pandemic period.<\/p>\n\n\n\n<p><strong>Easy home loan facilities<\/strong><br>Attractive home loan schemes with low-interest rates and long repayment tenures with flexible payment options are making it easy for millennials to purchase a house. This has led to a significant slide in renting trends while pushing house-buying.<\/p>\n\n\n\n<p><strong>Changing lifestyle preferences<\/strong><br>Homeownership has gained priority over expenses like travel or entertainment especially during the pandemic as increasingly people seek stability and security. A combination of these factors has made it easy for millennials to become homebuyers, and this is expected to continue in the years to come.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Young Indians will continue to dominate the homebuying segment for the foreseeable future as they seem to be more financially prudent than previous generations.<\/p>\n","protected":false},"author":1,"featured_media":400,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":""},"categories":[22,11,3,8],"tags":[],"_links":{"self":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/406"}],"collection":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/comments?post=406"}],"version-history":[{"count":1,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/406\/revisions"}],"predecessor-version":[{"id":407,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/posts\/406\/revisions\/407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/media\/400"}],"wp:attachment":[{"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/media?parent=406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/categories?post=406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saldanha.in\/blog\/wp-json\/wp\/v2\/tags?post=406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}