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Gen Z Property Ownership Goals

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  • Millennials, Gen Z constituted 53% of demand for home loans between Oct 2022 & Oct 2023: report

    Eighty percent of the home loan applicants Magicbricks handled came from residents in tier 1 cities and Mumbai (22 percent), Bengaluru (19 percent) and Noida (17 percent)

  • More than half of Gen Z and millennials prefer working from office: Survey

    More than half of Gen Z and millennials prefer working from office: Survey

    The survey noted that in the top three metropolitan cities (Delhi-NCR, Mumbai, and Bengaluru), 71 percent of employees are required to work exclusively from the office in contrast to 63 percent in other cities.

  • About 70% of millennials, Gen Z in Bengaluru struggle to find affordable rentals: Report

    About 70% of millennials, Gen Z in Bengaluru struggle to find affordable rentals: Report

    With rental properties not available in prime locations, most millennials and the Gen Z have spilled over to the suburbs of Bellandur in the south, Whitefield in the east and southern Bengaluru like JP Nagar.

  • Realty shift: GenZ, millennial homebuyers prefer sole ownership, larger ticket sizes post pandemic

    Realty shift: GenZ, millennial homebuyers prefer sole ownership, larger ticket sizes post pandemic

    Both millennials and GenZ are attracted to the sense of financial freedom and security that comes with homeownership; they are stepping up home purchases, especially in affordable cities such as Pune and Bengaluru.

  • Why Bengaluru’s villas are all the rage among millennial buyers

    Why Bengaluru’s villas are all the rage among millennial buyers

    Local brokers and developers say that demand for villas in Bengaluru has gone up by 30-40 percent in the last two years.

  • Bengaluru’s ‘late millennials’ on homebuying spree, edge out those in younger age group

    Bengaluru’s ‘late millennials’ on homebuying spree, edge out those in younger age group

    The age range of homebuyers has risen by at least 4-5 years to the 35-42 age bracket as prices, rentals shoot up and the pandemic hits early millennials hard. The average investment range for millennials in Bengaluru is Rs 1 crore or less.

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