home buying trendImage Credit source: AI
The Gen G generation is often in the news. You will find people saying that these new boys and girls are not serious, they are careless. Don't take the workload etc. But this is not the complete truth. Maybe there are some things which happen in all generations, but apart from this, the truth is that Gen-G is also smart. Now he is thinking ahead at a young age. According to a recent survey, about 32 percent of the people under the age of 25 are buying houses. Jen-ji is doing well in this.
Every working person dreams of buying a house. A person thinks that he can buy a house by paying the same amount of EMI that he is paying on rent. In this, the boys and girls of the new generation have become smart. According to the survey 'How India fulfills its home dreams' by home loan aggregation and distribution platform Basic Home Loan, the craze for buying houses has increased significantly among the youth. 74 percent of the total houses being sold in the country are being bought by people below 35 years of age. The interesting thing in this is that 32 percent of the buyers are younger than 25 years.
It has also been told in the report that people want to own their home so much that people earning more are ready to pay 50 percent of their income in home loan EMI. At the same time, those with income up to Rs 5 lakh are ready to buy a house by paying 25 percent EMI and those with income between Rs 11 to 40 lakh are ready to buy a house by paying 40 percent EMI.
The survey also focused on the fact that people who buy houses, how much they buy on their own will and how much they buy on the advice of their friends. In this matter also, Gen-ji is ahead of others because he himself decides to buy a house. According to the report, only 9 percent of people aged between 21 to 24 take home loans on the advice of friends. At the same time, there are 14 percent people in the age group of 50 to 60 who decide to buy a house on the advice of a friend. At the same time, after the age of 60 this data is 11 percent.
