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Millennials and Gen Z: The Future of Indian Real Estate

Team Opulnz Abode: 20-02-2025: 15:15: Read Time – 1.2mins

Who Are They?
Millennials (Generation Y): Born in between the early 1980s and 2000s.
Generation Z: Born in between the mid-1990s and early 2010s.
Key Drivers:
Increasing disposable incomes.
A growing preference for homeownership.
Affordable financing options tailored to younger buyers.

Urban Homeownership on the Rise

Ownership Growth: Urban homeownership rates are expected to climb to 72% by 2025, up from 65% in 2020, supported by:
Lower interest rates.
Easy access to affordable housing finance.
Younger Buyers Leading the Trend: The entry of Millennials and Gen Z into the housing market is accelerating this shift.

The Rise of Tier II and III Cities

Emerging Hubs: Cities like Jaipur, Indore, and Kochi are driving growth, accounting for more than 40% of new housing developments by 2025.
Infrastructure Development: Improved connectivity and economic opportunities transform smaller urban centres into real estate hotspots.

Trump Towers Noida:

Trump Towers Noida Sector 94

Sustainability and Smart Homes: A New Standard

Green Housing:
Green-certified buildings are set to make up 30% of new residential projects by 2025, doubling from 15% in 2020.
Certifications – LEED (Leadership in Energy and Environmental Design) are like industry norms now.
Tech-Integrated Living:
The demand for smart homes and tech-enabled spaces is skyrocketing, fueled by younger, tech-savvy buyers.
Features like energy efficiency, IoT devices, and AI-powered home systems influence purchase decisions.

Budget-Friendly Housing Remains Key

While sustainable and smart homes gain traction, affordable housing initiatives remain a cornerstone of India’s real estate growth, addressing the needs of a broader demographic.

Unprecedented Growth in 2024

Record Sales:
Approximately 85% of total units sold in 2023 were matched within the first three quarters of 2024.
Sales increased by 17% compared to 2023, signalling strong momentum.
Market Evolution: India’s residential sector is projected to grow into a $1-trillion market by 2030, contributing 13% to the national GDP by 2025.

Birla Arika Sector 31 Gurgaon

Birla Arika Sector 31 Gurgaon

The Future of Housing in India

The Indian housing market is not just growing; it’s evolving to meet the needs of a younger, tech-savvy, and environmentally conscious demographic. With Millennials and Gen Z leading the charge, the focus on sustainability, smart homes, and Tier II and III cities is transforming the sector.

Get Expert Guidance with RealtyzEstate

As India’s housing market evolves, navigating this dynamic landscape requires expert advice. At RealtyzEstate, we identify opportunities that align with the latest trends—smart homes, green-certified buildings, or thriving hubs in Tier II and III cities. Backed by over 15 years of experience in residential, commercial, industrial, and warehousing projects, our team ensures you find the perfect property for your future. Don’t just settle for the ordinary—connect with RealtyzEstate to explore homes and investments tailored to the demands of tomorrow.