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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.
Brokers in Bengaluru say queries from younger homebuyers have almost doubled, compared to last year. Gen Z will lead property buyers in the next two years in India, compared to 29 percent of baby boomers, according to a study by real-estate consultancy CBRE.
Bhavesh Kothari, founder & CEO of Property First, explains what first-time homebuyers need to keep in mind while purchasing a property
Bhavesh Kothari, Founder & CEO, of Property First said, Home loan rates would have reached a record high if the RBI MPC had increased the repo rate by 25 basis points, as was predicted by industry experts, keeping in view the inflationary pressure.