The term Millennials also are known as Generation Y is usually referred to as individuals who were born between 1981 and 1996. Millennials in Gurgaon are starting to make their way onto the property ladder causing a significant increase in the number of first-time homebuyers, in fact, millennials are now considered to be the driving force of Gurgaon’s real estate market.
Have you ever thought about what did cause this shift in more millennials wanting to buy their property rather than just renting a flat? Below we have listed some of the top reasons why buying your own home at a younger age is a smart investment.
IT IS CHEAPER BUYING THAN RENTING
Buying a home is probably one of the highest monthly expenses you’ll ever have. While owning a home is a common goal for many of us. In the present few years, buying a home is an excellent financial investment as it will increase your property value, and within a few years, you can sell the property at a decent profit mark.
MORTGAGE PLANS
Most banks offer mortgage plans; this means if you do not have an immediate amount to buy the property, you could apply for a mortgage.
BUILDING EQUITY
Equity is the amount of your home that you own. Once you start paying your mortgage, the amount of investment you have in your home will gradually increase. And unlike just paying for your monthly rentals, you are securing your home.
AFFORDABLE PRICES
Now more than ever, many projects are accessible in the market, thanks to the healthy competition between top developers such as Raheja Developers, ATS, and Hero, etc. for making it possible for the younger generation to own a property in Gurgaon.
FLEXIBLE PAYMENT PLANS
Most will argue that initial payments are high when buying a property, while this might be true for some cases, most developers in Gurgaon offer attractive payment plans in recent years. If you have a look at the property plans provide by the world-class builder such as DLF, ATS, Raheja Builders, Unity, etc. you could see some of the attractive payment plans. These stretched out payment plans made buying a property in Gurgaon, a viable option to first-time buyers.
MILLENNIALS-FRIENDLY COMMUNITIES
Millennials like to be close to everything they would need throughout their day. It means they want to have gyms, swimming pools, spas, coffee shops, parks, supermarkets and restaurants within their community. Developers in Gurgaon understand the millennial needs carefully so that they can enjoy their life within a few steps away from them.
TECHNOLOGIES CONSIDERED
It is a known fact that millennials love their gadgets and new technologies. The millennial generation is explicitly looking for homes that cater to their advanced technological needs. That is why leading developers such as Godrej, DLF, Raheja attract more home buyers by adjusting the property to be more technology-friendly.
We hope this article was helpful if you are interested in buying a property in Gurgaon feel free to write your thoughts in the comment section below.
Have you ever thought about what did cause this shift in more millennials wanting to buy their property rather than just renting a flat? Below we have listed some of the top reasons why buying your own home at a younger age is a smart investment.
IT IS CHEAPER BUYING THAN RENTING
Buying a home is probably one of the highest monthly expenses you’ll ever have. While owning a home is a common goal for many of us. In the present few years, buying a home is an excellent financial investment as it will increase your property value, and within a few years, you can sell the property at a decent profit mark.
MORTGAGE PLANS
Most banks offer mortgage plans; this means if you do not have an immediate amount to buy the property, you could apply for a mortgage.
BUILDING EQUITY
Equity is the amount of your home that you own. Once you start paying your mortgage, the amount of investment you have in your home will gradually increase. And unlike just paying for your monthly rentals, you are securing your home.
AFFORDABLE PRICES
Now more than ever, many projects are accessible in the market, thanks to the healthy competition between top developers such as Raheja Developers, ATS, and Hero, etc. for making it possible for the younger generation to own a property in Gurgaon.
FLEXIBLE PAYMENT PLANS
Most will argue that initial payments are high when buying a property, while this might be true for some cases, most developers in Gurgaon offer attractive payment plans in recent years. If you have a look at the property plans provide by the world-class builder such as DLF, ATS, Raheja Builders, Unity, etc. you could see some of the attractive payment plans. These stretched out payment plans made buying a property in Gurgaon, a viable option to first-time buyers.
MILLENNIALS-FRIENDLY COMMUNITIES
Millennials like to be close to everything they would need throughout their day. It means they want to have gyms, swimming pools, spas, coffee shops, parks, supermarkets and restaurants within their community. Developers in Gurgaon understand the millennial needs carefully so that they can enjoy their life within a few steps away from them.
TECHNOLOGIES CONSIDERED
It is a known fact that millennials love their gadgets and new technologies. The millennial generation is explicitly looking for homes that cater to their advanced technological needs. That is why leading developers such as Godrej, DLF, Raheja attract more home buyers by adjusting the property to be more technology-friendly.
We hope this article was helpful if you are interested in buying a property in Gurgaon feel free to write your thoughts in the comment section below.
I highly recommend this article to anyone who wants to learn more about this topic. Gygy Mentis
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