Why more Millennials are now eyeing real estate investment?

Millennials are at the helm of most major industries as the customers and the decision makers. Their influence now impacts the Indian real estate sector considerably since they make up a majority of the demographic.

It is estimated that around 65% of the Indian population will be under the age of 35 by the year 2020. While still in the nascent stage, the interest of the Millennials is shifting towards investment and is bound to drive real estate majorly. Logically, the benefits of real estate investments are not only for them to reap, but the country as well. In the following information, you will find reasons why investing at a young age is now a trend.

No need to pay rent.

According to a report, more than 80% of the millennials live with their families. Within the next 2–5 years, 23% of these will move out. The majority of them, it seems, realizes that instead of spending hard-earned money on rent, little planning will help them get a home of their own within a few years. And even if the property isn’t utilized personally, they can collect rent while sharing an apartment.

Coming of age.

Simply put, this is their time to invest. With access to the digital world, they are more tech-savvy and generally more informed than their predecessors. This puts them in a better spot to compensate for incurred losses if any. 35% of the Millennials, according to reports, turn towards real estate for the sole purpose of investment; something for real estate companies to consider.

Are the Millennials skeptical of the stock market?

Survey takers were asked to choose between stocks, real estate, commodities, bonds, and cash equivalents such as oil, gold, and cotton as the best-performing investment since 2000. Among all, 40 percent reported uncertainty around which asset class performed best, and 25 percent believed the stock market was the best investment.

Will the real estate flourish with Millennials leading the charge?

While old people may be more interested in downsizing, Millennials are having children and growing in their careers. Buying a home is the next logical step. With prospective returns potentially on the horizon…

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