What Is The Best Bet - Rent Or Buy A Home?

The book Happiness Hacks by New York Times bestselling author Alex Palmer, brings out some pertinent factors that make us happy. One among those is to live on rent rather than buy one’s own home. While this advice may sound strange to most Indians who dream of owning one but looking at the crisis and transformation the real estate sector is going through, Palmer’s philosophy holds currency for sure. With exponentially mushrooming co-working spaces, digital rental platforms like Nestaway, NoBroker coupled with an  increasing number of unsold inventories, one cannot deny the sector is witnessing a ripple effect of a consumer behavioural change. According to data from Anarock Property Consultants’ consumer sentiment survey, there has been a huge shift in the age demography of Indians looking to buy homes over the last two decades. In the late ’90s, most...