By Admin 
India Real Estate Trend: India’s real estate market is changing rapidly and the youth are now leading this change. According to a new report, Gen Z and young Millennials are now buying homes at a younger age than before and are moving towards tier-2 and tier-3 cities instead of metro cities.
According to the report “How Bharat Finances Its Housing Dreams” by home finance platform BASIC Home Loan, buying a house has become easier than ever for the youth due to digital loans and better financing options.
Why is housing trend changing?
According to experts, there are several reasons behind this change:
Easy and fast home loan from digital lending platforms
better financial awareness
Low property prices in tier-2 and tier-3 cities
Better infrastructure and employment opportunities in small towns
What do experts say
According to Ashish Bhutani, CEO, Bhutani Infra, today’s young generation is looking at real estate as a reliable medium for long-term wealth creation. Digital loan approval has made buying a home easier than ever.
E Lakshminarayana Reddy, Founder and CEO, EARA Group says that better infrastructure and low prices in Tier-2 and Tier-3 cities are attracting buyers.
Apart from this, according to Prakhar Agrawal, Director, Rama Group, today’s young buyers want not just a house but a better lifestyle. Factors like green space, sustainable design and healthy community living are now playing an important role in the home buying decision.
Experts believe that India’s housing sector can grow faster in the coming years on the basis of young buyers, digital financing and the growing economic power of small cities.
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