Youth Buying Into Real Estate
The Indian Real Estate has been growing rapidly this last decade and a half & this in turn has got the Youth evincing interest in investing in the sector. The last decade has seen some of the major Indian developers shunning the tag of being a unorganized sector and corporatizing the Industry in a big way.
Today the Urban Youth is more inclined towards investing in his own home not only because he has access to a higher disposable income but also access to much easier banking system prevailing in the country & at highly competitive interest rates as well.
For some youth it is just about saving & investing for their future while for some others it may be about moving out of joint families into a nuclear family system.
This trend amongst the Youth to buy Real Estate has been also given a major boost with Developers coming up with various schemes like 20:80 wherein only 20% of the cost has to be paid as a down payment and the balance on completion which is likely to be 2 to 3 years later. This ease of entry for the Youth Investors coupled with the banks making it very easy for salaried youths to avail of bank loans has seen a major spurt in Investment in the real estate by the Urban Youth.
The Urban Youth who are focused on Investments have over a period of time have realized that Real Estate Investment viz a viz say Gold or Equity Investment will give them the most consistent return of Investment. Not to mention monthly rental Income which will likely write off the monthly EMI too in some cases as well as give a constant appreciation in its value.