Expensive Real Estate : What are millennials looking for? A sustainable way of life that successfully combines elegance, modernism, safety, and offers a good return on investment. As a result of these goals and the fact that integrated townships may satisfy all of these demands under one roof, millennials are increasingly investing in real estate in modern-day India. After the pandemic, this new tendency surged even further as more investors and homeowners understood they needed to combine their professional and personal lives in safer, more technologically advanced environments. In essence, it’s about leading an aspirational lifestyle that satisfies all requirements simultaneously.

According to a global poll by real estate specialists CBRE, 44% of young Indians are interested in purchasing a home over the next two years, a much greater rate than the rest of the world. They have supported the purchase of more than 50% of homes in 2020. The same research highlights the strength and influence of millennials, who are expected to account for 54% of the Indian real estate industry by 2022.

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Expensive Real Estate : Budget and preferred destinations

The Delhi-NCR area is doing well in terms of millennial tastes. This area, which is near to the nation’s capital, has a wealth of employment, educational, entertainment, and recreational possibilities, as well as a diverse range of real estate options. However, this area is not the only one with real estate options. Millennials are now choosing to buy homes in Tier-2 cities like Dehradun, Lucknow, Chandigarh, Zirakpur, Jaipur, and others.

Expensive Real Estate : Best places to buy a house for millennials

The millennial generation takes into account a number of criteria while buying their ideal residences. Hyderabad, Ahmedabad, Pune, Thane, and other cities are among those that millennials are interest in moving to.

Millennials make up 36% of the population in India, according to statistics, and strangely, they don’t want to follow the conventional real estate investment or purchasing habits. Instead, they are highly logical and foresighted and believe that in this fast-paced world where pink slips may occur anytime, anyplace, investing in luxury real estate, such as integrated community living, is a very excellent alternative. By using smart etch solutions, they are seeking comfort, security, and energy efficiency, and often, luxury townships and real estate provide options in that area.

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Connectivity, communal living, health, smart homes, and sustainability are important millennial priorities.

The millennial generation is more prepared than ever to invest in the luxury residences of their choosing, since the globe is becoming smaller and all geographic borders have completely disappeared during and after the epidemic. The trend of millennials aggressively investing their savings and earnings in luxury real estate has been sparked by increased salaries, digitisation, the virtual expansion of the real estate market (which enables access 24 hours a day), aspirational choices, and diverse offerings by India’s leading real estate giants.

The millennial generation is particularly attracted to sustainable living, intelligently design homes and integrated townships with cutting-edge technology, access to premier recreational and healthcare facilities, and a robust infrastructure that houses everything from home automation to smart traffic management, high-end security, retail, commercial, educational, banking, and other services. With the advent of “smart work mode,” the majority of urban India is moving towards a healthy lifestyle and a desire to spend more time with family. This also indicates that since “work from home” scenarios are becoming the norm, millennials are searching for a platform that offers everything in one place.

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Are you looking for a house for rent in Kharghar? We have semi-furnished, unfurnished, and furnished flats available for rent in various sectors of Kharghar. We have 1 BHK starting at Rs. 10,000 per month, 2 BHK starting at 15,000 per month, and 3 BHK flats for rent in Kharghar starting at 18,00 per month. We can provide you with the list of rental properties in Kharghar, from where you can choose the one which fits your budget and choice.

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Expensive Real Estate

Traffic has risen throughout India, and while several traffic management systems are attempting to solve the issue, the situation is still highly stressful in large cities. A greater quality of life is also provided by an integrated township, which also offers seamless access to everything, reducing the need for long, stressful commutes across the city.

For this group of homeowners, carefully created and planned architecture that includes both indoor and outdoor green spaces, the chance to practise new sports while receiving instruction from qualified and experienced sports instructors in activities like golf, tennis, and more, are highly alluring. While a sizeable portion of millennials commute to work outside of their cities and towns, the communal life provided by opulent integrated townships has its own allure. As a varied population gathers to celebrate events, festivals, and other regular occasions, it fosters a sense of communal life. Therefore, millennials’ other main reasons for choosing the luxury housing sectors include immersive experiences and communal living.

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