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 is set to increase to 72 per cent by 2025, up from 65 per cent in 2020. 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.

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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, …

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 …

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 …

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 …

Indians Embracing Lifestyle Residences Amid Govt's Infrastructure Push: Economist
2 months, 2 weeks ago

Indians Embracing Lifestyle Residences Amid Govt's Infrastructure Push: Economist

ABP News  

Indians are embracing lifestyle residences as a top choice for investment, driven by improved connectivity, festive incentives, and evolving lifestyle preferences. Real estate developers are now providing year-round incentives, particularly during the festive season, which has contributed to a notable increase in property purchases.

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 …

Budget 2024: 5 Things the real estate sector looks forward to from the finance minister
5 months, 2 weeks ago

Budget 2024: 5 Things the real estate sector looks forward to from the finance minister

Hindustan Times  

Budget 2024 will be presented by Finance Minister Nirmala Sitharaman today and the real estate sector hopes that the government will focus on affordable and middle income housing in the Budget. The real estate sector hopes that the government will push for affordable and middle income housing in Budget 2024. The government should raise the deduction limit for interest payment …

Indian real estate expected to touch $1.5 tn by 2034; drive 15% of economic output: Knight Frank India - CII Report
8 months, 3 weeks ago

Indian real estate expected to touch $1.5 tn by 2034; drive 15% of economic output: Knight Frank India - CII Report

Hindustan Times  

The value of the Indian real estate sector will touch an estimated $1.5 trillion, constituting 15% of the total economic output by 2034. The residential market is expected to lead with a value of $906 billion, followed by the office sector contributing $125 billion, a report titled ‘Indian Real Estate: A Decade from Now’, Knight Frank India, in association with …

Real Estate Budget 2024: Focus on infrastructure, new housing scheme for the middle class
11 months, 1 week ago

Real Estate Budget 2024: Focus on infrastructure, new housing scheme for the middle class

Hindustan Times  

Finance minister Nirmala Sitharaman said on February 1 that the government will launch a housing scheme for the middle class to buy or build their own houses and it will be constructing close to 2 crore homes under the PMAY rural scheme, a move that is expected to give a push to the Housing for All agenda. Real estate experts …

Real Estate Budget 2024: Govt to launch housing scheme for the middle class
11 months, 1 week ago

Real Estate Budget 2024: Govt to launch housing scheme for the middle class

Hindustan Times  

The government will launch a housing scheme for middle class to buy or build their own houses, finance minister Nirmala Sitharaman said in her Budget 2024 speech on February 1. Government to launch ₹ 2 crore more housing units in the next five years under the PM Awas Yojana : Budget 2024 “Our Government will launch a scheme to help …

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 …

Housing Sector: A Real Estate Segment With Strong Signs Of Resilience, Growth
1 year, 8 months ago

Housing Sector: A Real Estate Segment With Strong Signs Of Resilience, Growth

News 18  

In recent times, economies across the globe have experienced post-pandemic disruptions, escalating geopolitical situations, and high inflation. This period was The residential real estate market in India made astounding progress in 2022, setting new sales records of 68 per cent YoY, further demonstrating the industry’s prominence as one of India’s fastest-growing sectors. The luxury real estate market will be a …

Affordable housing breaks ground
1 year, 9 months ago

Affordable housing breaks ground

The Hindu  

Affordable housing is predicted to play a big part in the expansion of the Indian real estate market this year. Affordable housing has become one of the most vibrant segments of the Indian real estate market. This highlights the crucial role that the real estate sector, particularly affordable housing, can play in boosting the country’s economy. Given India’s enormous housing …

Budget 2023: Here’s what the real estate sector is expecting from FM Sitharaman
1 year, 11 months ago

Budget 2023: Here’s what the real estate sector is expecting from FM Sitharaman

Hindustan Times  

The Indian real estate market saw a strong comeback post pandemic with the residential sector picking up demand amidst healthy economic growth, a Mint report states. The real estate sector is looking forward to budget 2023 to drive the demand for housing through tax relief and lesser stamp duty According to Gurmit Singh Arora, national president of Indian Plumbing Association, …

Budget 2023-24 Expectation: Create a blueprint for real estate industry in the new normal
1 year, 11 months ago

Budget 2023-24 Expectation: Create a blueprint for real estate industry in the new normal

Firstpost  

The year 2022 was a year of recovery and growth for the Indian residential market with tangible signs of revival and resilience, which is demonstrated in the growth of residential demand and supply across the country. With the effects of the pandemic stabilizing, the demand for rental homes also increased as offices and educational institutions reopened, especially in the first …

Budget 2023-24: Realty sector hopes for financial and policy impetus to sustain growth momentum
1 year, 11 months ago

Budget 2023-24: Realty sector hopes for financial and policy impetus to sustain growth momentum

Firstpost  

India’s real estate sector has risen like a phoenix and delivered a sterling performance in 2022 with residential sales increasing by more than 50 percent over the previous year. The real estate industry community is looking up to the Centre to provide financial and policy impetus to sustain growth momentum in the Union Budget for 2023-24. Revise I-T slabs, provide …

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 …

India's residential real estate sales at 9 year-high in 2022: Knight Frank
2 years, 6 months ago

India's residential real estate sales at 9 year-high in 2022: Knight Frank

Hindustan Times  

India's residential real estate segment has recorded a 9-year high in terms of sales volume during the first half of 2022, said London-headquartered global property consultancy firm Knight Frank. During January-June 2022, launches of new housing units recorded a growth of 56 per cent year-on-year at 160,806 units. The residential space saw an annual growth of 60 per cent during …

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 …

JLL India revenue grows 17% to Rs 4,000 cr in FY19; to hire 2,000 employees by 2020-end
5 years, 5 months ago

JLL India revenue grows 17% to Rs 4,000 cr in FY19; to hire 2,000 employees by 2020-end

Firstpost  

JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of 31 March 2019. New Delhi: Property consultant JLL India’s revenue rose 17 percent to Rs 4,000 crore in 2018-19 despite a slowdown in the real estate market and it plans to hire 2,000 employees …

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