Millennials’ Manual To Homebuying

Comprising 47 per cent of India’s working population, millennials are driving its consumption story. With high levels of disposable income, practically motivated and tech-savvy, millennials are at the forefront of India’s growth story. Globally, India is leading in terms of millennial population and given the fact that by 2020, around 65 per cent of India’s population would be under the age of 35, demand for housing would take a centre-stage in their lives. Unlike their previous generations, millennials,  driven by a credit-led economy, want to invest in a property early in life. Homebuying requires a bit of stretching finances but if managed smartly, can be a financially sound move. Assuming millennials are first-time homebuyers, the government has incentivised these buyers for buying affordable houses. From providing interest subsidy on housing loans to reducing...