By 2030, 60% of new home buyers will be Millennials and Gen Z in India: Report
1 week, 6 days ago

By 2030, 60% of new home buyers will be Millennials and Gen Z in India: Report

Hindustan Times  

Millennials and Gen Z buyers will comprise about 60% of new homebuyers by 2030, a report by real estate consultant JLL said. It further stated that India's housing market is poised for a remarkable transformation by 2025, driven by rapid urbanisation, technological innovations, and changing consumer preferences, stated Ritesh Mehta, Senior Director and Head, Residential Services and Developer Initiative, JLL India, in his note. Tier II and III cities are emerging as pivotal growth hubs, with smaller urban centres like Jaipur, Indore, and Kochi driving more than 40 per cent of new housing developments by 2025. According to the report, the demand for sustainable development, smart homes, tech-integrated living spaces, and affordable housing initiatives has gained momentum in the market.

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History of this topic

Real estate sector faces challenges amid declining home sales and high prices
1 week ago

Real estate sector faces challenges amid declining home sales and high prices

Hindustan Times  

India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21 per cent last year as developers are expected to boost new supply to match up demand, according to industry experts. After increasing by an average of 21% last year, India's primary housing market may have a small single-digit price increase in …

Housing prices may see modest growth in 2025, says property experts
1 week ago

Housing prices may see modest growth in 2025, says property experts

Live Mint  

New Delhi, Jan 1 India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21 per cent last year as developers are expected to boost new supply to match up demand, according to industry experts. Anarock Chairman Anuj Puri expects the housing market to "stabilise" in 2025, with muted growth in prices …

India’s housing market in de-growth phase, pins hopes on Budget
1 week, 2 days ago

India’s housing market in de-growth phase, pins hopes on Budget

Live Mint  

New Delhi, New home sales in India declined for the first time since the pandemic, as a sharp rise in housing prices and elevated borrowing costs ruined buyers' appetite in 2024 and the real estate industry is now eyeing the upcoming Budget for favourable economic conditions a key to reviving demand conditions. India's residential real estate market, estimated to be …

India’s real estate to remain gung ho on luxury, premium housing in 2025 as affordable takes a backseat
1 week, 3 days ago

India’s real estate to remain gung ho on luxury, premium housing in 2025 as affordable takes a backseat

Live Mint  

Come 2025, India’s real estate developers will double down on luxury and premium housing, leaving the affordable segment to catch up. “We are strategically leveraging the robust demand in the luxury real estate segment by curating projects that align with the evolving preferences of modern buyers," said Robin Mangla, president, M3M India. DLF Ltd, India’s largest listed real estate company, …

Homeowners have no incentive to sell. Here’s why
1 week, 3 days ago

Homeowners have no incentive to sell. Here’s why

CNN  

CNN — This year, America’s once-in-a-generation housing slump deepened — but 2025 may not see much improvement. Here’s what economists expect of the housing market in 2025: Homeowners are still locked in The US housing market is on track for its worst sales year in nearly three decades, according to NAR data. “It’s become more of a buyer’s market this …

Mint Quick Edit | As housing looks up, we need affordable homes too
2 weeks ago

Mint Quick Edit | As housing looks up, we need affordable homes too

Live Mint  

By 2030, India’s Millennial and Gen-Z generations are expected to comprise about three-fifths of all new home buyers, according to a study by real estate services firm JLL. This indicates a growing preference for owning houses over renting them, even as rising pay levels among these age cohorts explain their expanding share of homebuyers. Private housing projects in big cities …

By 2030, 60% of new home buyers will be Millennials and Gen Z in India: JLL Report
2 weeks ago

By 2030, 60% of new home buyers will be Millennials and Gen Z in India: JLL Report

Live Mint  

New Delhi, December 25 : As India's residential market picks up, the Millennials and Gen Z buyers are expected to comprise about 60 per cent of new homebuyers by 2030, the JLL, a global real estate services firm, anticipated in its year-end residential market note. The global real estate services firm added in the note that the urban homeownership rate …

Why homeownership is rougher for millennials than Gen Z
3 weeks, 6 days ago

Why homeownership is rougher for millennials than Gen Z

Salon  

Homeownership has long been an aspiration; however, that goal may need to be revised if today's younger generations are to reach it. Sergio Aguinaga, owner and founder of Michigan Houses For Cash, agrees: “Millennials have it even worse since they dealt with the 2008 financial crisis, low wage growth, and now face soaring home prices. They entered the market when …

Gen Z pay double in mortgage payments compared to older generations
3 months ago

Gen Z pay double in mortgage payments compared to older generations

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} High interest rates …

India’s luxury housing sales rise; what is driving premium real estate demand?
4 months ago

India’s luxury housing sales rise; what is driving premium real estate demand?

Live Mint  

Housing sales in India hit an 11-year high of 1.73 lakh units between January and June, according to a report by global real estate consultants Knight Frank. The luxury housing segment contributed around 41 per cent of the real estate sector's sales growth from January to June. Delhi-NCR sold around 3,300 luxury homes in the first half of 2024, a …

Millennial Homebuyer Trends-2024
5 months, 1 week ago

Millennial Homebuyer Trends-2024

The Hindu  

In 2024, Millennial homebuyer trends will have a big influence on the real estate market in India. The Challenges Millennial Homebuyer Faces Buying a Home: Despite their strong inclination to purchase houses, millennial homebuyers confront specific demanding circumstances including excessive student debt, growing home charges, and stricter mortgage arrangements. Some millennials also look forward to authority- Investment vs. Lifestyle Choices: …

Millennials comprise dominant homebuyer group, redefine housing market: Report
5 months, 1 week ago

Millennials comprise dominant homebuyer group, redefine housing market: Report

Hindustan Times  

Online property search portal NoBroker has observed a 23% increase in the number of homebuyers aged between 25-35 years on the platform, the proptech unicorn said in its half-yearly report. Millennials constitute the largest homebuyer group on NoBroker, the proptech unicorn said in its half-yearly report The term millennials or Generation Y is employed to refer to individuals born between …

Millennials powered America’s homeownership boom
1 year, 5 months ago

Millennials powered America’s homeownership boom

CNN  

Washington CNN — Prior to the pandemic, Yue and Chris Parsons were, like many Millennials, reluctant renters moving from one apartment to another, wondering when they would be able to buy a home of their own. I think we’re never leaving.” Homeownership rate is up, fueled by young buyers The homeownership rate grew overall during the pandemic, but it was …

From renting to owning: Millennial revolution in homeownership
1 year, 5 months ago

From renting to owning: Millennial revolution in homeownership

Hindustan Times  

The Covid-19 pandemic unleashed a wave of unforeseen challenges and disruptions, shaking the foundations of our world. According to a white paper by 360 Realtors, a leading real estate consultancy, there are 400 million millennials in India, comprising 46% of the country's wage-earning population. A survey by CBRE titled “Live, Work, Shop” reveals that over 70% of Indian millennials aspire …

Courting luxury
1 year, 6 months ago

Courting luxury

The Hindu  

India’s luxury housing segment has undergone several significant transformations in recent years. Within the luxury housing space, we have seen the following design trends: Conserving resources Discerning buyers look not just at extravagantly designed residences but also at features that add to a holistic living experience, keeping sustainability and personal welfare at the centre. India Sotheby’s International Realty’s Luxury Outlook …

Gen-Z takes centre stage as firms move away from millennials
1 year, 6 months ago

Gen-Z takes centre stage as firms move away from millennials

Live Mint  

NEW DELHI : As millennials get older, companies are turning their attention towards Gen-Z, those aged 15-27, an age group that is bending the rules of social-media engagement, reshaping how they show up at work and exhibiting unique values around family ties and sexual identity. Gen-Z consumers, who are digital natives, are experiencing a youth that is “significantly" different from …

Housing boom: buy now or wait?
1 year, 6 months ago

Housing boom: buy now or wait?

The Hindu  

When the Reserve Bank of India’s Monetary Policy Committee, in its second bi-monthly monetary policy meeting of FY24 this week, decided to leave the repo rate unchanged at 6.5%, economists and industry experts felt their expectations were met. After the RBI hiked the repo rate several times and then maintained it at 6.5%, home loan interest rates also increased. Should …

Real estate in Delhi-NCR to grow exponentially in 2023: Report
1 year, 10 months ago

Real estate in Delhi-NCR to grow exponentially in 2023: Report

Hindustan Times  

The real estate market in Delhi-NCR is expected to grow exponentially in 2023, with some interesting trends shaping the future of Delhi, Gurgaon, Noida and the periphery areas that are all gaining traction like never before. Real estate continues to be the best investment option in Delhi-NCR, with approximately 40 per cent preferring it over other investment options. One of …

Boomers, Generation X or Millennials: Who has it worse when it comes to buying a home and paying it off?
1 year, 11 months ago

Boomers, Generation X or Millennials: Who has it worse when it comes to buying a home and paying it off?

ABC  

When single mum Kerrie Boylett wanted to buy a home in 1995, almost all lenders turned her away. "The big obstacle faced by previous generations of first home buyers, especially in the late 1980s, was the high interest rates — I wonder how they were able to afford them," he says. Why millennials will take longer to pay off a …

Budget 2023 Expectations: Will Home Buyers Get More Relief? Here's What Real Estate Sector Wants From FM
1 year, 11 months ago

Budget 2023 Expectations: Will Home Buyers Get More Relief? Here's What Real Estate Sector Wants From FM

News 18  

Real estate sector in India is expected to grow at a CAGR of 15%, from $60 billion in 2010 to $1,000 billion in 2030. Despite the rise in interest rates on home loans by more than two percentage points over the past year, housing sales have remained strong in 2022, in large part, because of the pent-up demand from the …

Housing Sales: Demand Expected To Continue Going Forward; Volume May Jump 12% In FY23
2 years, 8 months ago

Housing Sales: Demand Expected To Continue Going Forward; Volume May Jump 12% In FY23

News 18  

After being hit by the COVID-19 pandemic and coming to almost a standstill for two years, the real estate market has now started gaining momentum. The momentum is expected to continue in 2022-23 on the back of strong demand, and housing sales may jump around 12 per cent year-on-year in the current financial year, according to a report by India …

For most Americans, owning a home is now a distant dream
2 years, 10 months ago

For most Americans, owning a home is now a distant dream

CBS News  

Home prices across the U.S. are surging, while a shortage of houses for sale has resulted in cut-throat competition for those in the market to buy a property. "Home prices remain excessively high and are impacting affordability," Rubeela Farooqi, chief U.S. economist with High Frequency Economics, said in a report. But most buyers don't have the financial wherewithal to make …

Real Estate Recap: From Luxury Housing to Govt Support, 2021 a Golden Year for Real Estate
3 years ago

Real Estate Recap: From Luxury Housing to Govt Support, 2021 a Golden Year for Real Estate

News 18  

As we move into 2022, the residential real estate industry will continue to pave a new path of growth, innovation, technology, and investments. 2021 – The golden year for residential realty Luxury housing to grow further – In 2021, we witnessed that the luxury homes have been a preference for most buyers. Several dynamics will continue to impact the multiple …

Millennials trying to get on property ladder have got rawest deal – report
3 years, 6 months ago

Millennials trying to get on property ladder have got rawest deal – report

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Millennials born …

Home ownership among young people rises
4 years, 11 months ago

Home ownership among young people rises

Daily Mail  

Home ownership among millennials is on the rise again after more than a decade of decline. The proportion of 25 to 34-year-olds who own their home jumped by 9.6 per cent last year, according to the English Housing Survey. Data from the English Housing Survey has found that the proportion of 25 to 34-year-olds who own their home jumped by …

New poll finds 70% of millennials say they're "likely" to vote for a socialist
5 years, 2 months ago

New poll finds 70% of millennials say they're "likely" to vote for a socialist

Salon  

Younger Americans are more likely to support a socialist political candidate and their views are capitalism are significantly more negative than older Americans, according to a poll conducted by YouGov for the Victims of Communism Memorial Foundation. The poll found that just 50 percent of millennials, or people born between 1981 and 1996, have a positive opinion of capitalism, while …

Indian millennials more cautious about buying homes: Report
5 years, 3 months ago

Indian millennials more cautious about buying homes: Report

India TV News  

There has been a tectonic shift in the past decade not just in the overall buying pattern but also in the age of property buyers, according to a new report on Wednesday which found that younger Indians with much lower savings kept away from bank loans seeing them as risky, and were also very cautious about them. Analysing the age …

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