The realty boom is true, and almost all top developers in the city accept the fact. However, what is surprising is a boom in buyers aged between 25 and 35. Yes, that’s the new-age generation that has realized the importance of investing in a house early on.
According to media reports and surveys like Anarock Property Consultants’ consumer sentiment survey, the highest number of property buyers, i.e., about 55% of them are aged between 25 and 35. This is compared to other cities across India, including metros and smaller ones.
Then comes Pune, with 45% of youngsters putting their monies into buying a property. Business analysts say that both cities have young people with the potential to buy and aspire to own a house early in life.
According to the local office of Prestige Group, the stability in the IT sector has also increased the potential among buyers. Hence, the trend picked up, says the Bengaluru-based company. Many in the age group between 25 and 35 realize the importance of financial stability, and this has seen a jump in investments.
Also, for the investors, it’s a sensible decision to put their money when they know they are staying here, be it for a career or simply for the love of the city. According to Cushman & Wakefield Hyderabad, many youngsters have disposable incomes, and it is an ideal time to invest in any city as the interest rates are at their lowest and the builders are offering many incentives to draw buyers.
The realty sector situation has heated up further as the buyers fear missing out on opportunities.