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SURGE IN HOMEOWNERSHIP

Gaurav K Singh, Founder & Chairman, Womeki Group said, "India's real estate landscape is set for a transformation, with majority of the population planning to invest in homeownership.”

BY Realty Plus
Published - Wednesday, 28 Aug, 2024
SURGE IN HOMEOWNERSHIP

Indian realty is set for a significant transformation, with the majority of the population planning to invest in homeownership. This surge in interest is notably driven by millennials, who are rapidly becoming the dominant force in the housing market in Delhi NCR.

Unlike previous generations, millennials are not just seeking homes; they are looking for spaces that reflect their aspirations, lifestyle, and values. Their preferences are shaping the demand for modern amenities, sustainable living, and smart technology in residential properties. This shift is a testament to the growing financial independence and confidence among millennials, who are increasingly prioritizing long-term investments like real estate.

The economic stability of this demographic, combined with favorable market conditions such as lower interest rates and government incentives, is creating a fertile ground for the real estate sector to thrive. As millennials take the lead, the Indian real estate market is poised for dynamic growth, reflecting the changing aspirations and economic power of a new generation of homebuyers.

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