Real Estate Renaissance: Young Professionals and Senior Citizens Lead the Charge

A recent Magicbricks survey has revealed a fascinating trend in India's real estate market, with young professionals aged 18-24 and senior citizens aged above 75 demonstrating a strong intent to invest in residential properties. This generational shift in housing preferences highlights the evolving dynamics of wealth creation and lifestyle aspirations.

 

Young professionals are entering the housing market earlier than ever, driven by rising disposable incomes and long-term investment goals. This cohort recorded a Housing Sentiment Index (HSI) score of 164, showcasing their willingness to invest 5-6 times their annual income in residential property. Their early participation signals a generational shift in financial planning and wealth creation.

 

On the other hand, senior citizens displayed bullish sentiment with an HSI score of 167. This group is actively considering home purchases for retirement planning, lifestyle upgrades, and legacy creation. Their informed decision-making is influenced by a deeper understanding of real estate cycles and market dynamics.

 

The survey also highlighted strong buyer confidence in the Rs 3.5 to Rs 5 crore price bracket, which recorded the highest sentiment index of 147. These buyers, typically with annual household incomes of over Rs 1 crore, are drawn by luxury aspirations and resilience to price fluctuations.

 

One of the most noteworthy insights from the survey is the growing preference for under-construction properties, which registered an HSI score of 155. These properties are perceived to offer modern amenities, better construction quality, and smart home features.

 

Sources: Tribune India, Economic Times, Magicbricks.