[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Shashi kant shukla |
staff of Kamagroup Pvt. Ltd. Here I have important INDIA REAL ESTATE news to
share with you which is as mentioned under.
More young people are starting to buy property in the country.
According to a report by ANAROCK Property Consultants, gone are days when
those in the age group of 45-55 years dominated the property market,
now younger home buyers
(those in the 35-45 years and even those in the 25-35 years age groups) are jumping
into the fray.
"Over the past one decade, there has been a tectonic shift in not just the overall
buying pattern but also in the age of property buyers," said the report titled, Age of
Indian home buyers - across decades and cities. In late 2010, buyers were largely in
the age group of 35-45 years and 45-55 years, but the share of home buyers in the
25-35 years age group was minimal. However, improved tax benefits motivated more
working youths in this age bracket to opt for home loans. Millennials predominantly
favoured paying EMIs to own a home over the 'dead' expense of rentals.
At least 37 percent of participants serious about buying homes fall in the age
bracket of 35-45 years, followed by 25 percent in the 45-55 years bracket. 20 percent
are in the age bracket 25-35 years and at least 7 percent are under 25 years of age.
The home buyer share of these two age brackets was extremely limited in the early 2000s.
Towards 2009-2010, easy home loan availability boosted the share of home buyers
falling in the 25-35 years age bracket.
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/16-of-home-seekers-in-mumbai-are-in-the-25-35-age-bracket-report/articleshow/71291606.cms
Kamagroup Pvt. Ltd.
Have a nice day.