Why Indian Real Estate is getting a lot of Young Buyers?

In the recent times Indian real estate has seen a diverse trend as the age of home buyers has reduced drastically from 39 to 30 years. A lot of young professionals, just after joining a company are looking forward to invest in properties rather than on any other thing. Experts say that the reason behind this is their increasing income and easy availability of home loans. Professionals who have already invested in residential properties say that this is the most lucrative option available as they can sell the home at almost double the price after a couple of years and look for another property. So, ultimately one can enjoy more returns on investment with zero risk.  

Listed below are some of the reasons due to which the young working professionals are looking forward to make an investment in residential properties:

• The pay packages of the employees have increased significantly in the recent years than it has been a few years back. Today, students passing out from the well-known business schools are getting an initial package of around 15 to 20 Lakhs. In fact, the difference between the salaries of developed countries and India has lessened considerably. This has resulted in greater purchasing power of the youths. 

• With the Government passing new laws for home loans, increasing number of people are opting for these loans to buy a property. And when it comes to young working professionals; they are regarded as the ideal customers for a home loan because of their high disposable income.  People in India, in earlier times used to wait for their provident fund and gratuity to build their own house but today with banks offering home loans at a much reasonable interest; youths are buying properties early in their career.  

• On repayment of home loans and payment of interests; one can enjoy great tax deductions. This is another important reason that encourages young professionals to buy residential property in Karnal and other developing cities in the country. 

• Unlike the previous generations; youths today prefer to have financial as well as emotional security and this has helped in increasing the demand for investment in residential properties. Moreover, when it comes to the standard of living; the youth today does not like to compromise at any cost. 

All these have influenced the youths in the age group of 25 to 30 to invest in the residential property.