{"id":31071,"date":"2022-11-14T12:00:09","date_gmt":"2022-11-14T05:00:09","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=31071"},"modified":"2022-11-16T22:50:49","modified_gmt":"2022-11-16T15:50:49","slug":"india-sees-influx-of-millennial-first-time-homebuyers-goa-gains-traction","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/india-sees-influx-of-millennial-first-time-homebuyers-goa-gains-traction\/","title":{"rendered":"India sees influx of millennial first-time homebuyers; Goa gains traction"},"content":{"rendered":"

Younger homebuyers are also seeking sustainable properties, and are willing to pay a premium for them<\/span><\/p>\n

\"\"
Recently, Goa has become one of India\u2019s top real estate markets, with its high-end luxury and rental segment as major points of attraction. Murgermari\/Shutterstock<\/figcaption><\/figure>\n

The <\/span>Deccan Herald<\/span><\/a> notes that there is an influx of millennial first-time homebuyers in India. This trend is changing the way real estate developers design homes and attract potential buyers. It is also here to stay, which was a point made by Santhosh Kumar, vice chairman of Anarock.<\/span><\/p>\n

Data from Knight Frank India revealed that 41 percent of homebuyers in Mumbai until September this year were from the 26 to 41 age bracket.<\/span><\/p>\n

Mallanna Sasalu, CEO of Provident Housing, said, \u201cThere is an emotional context about owning a home and that is the change Covid-19 has brought about.\u201d<\/span><\/p>\n

A combination of factors contributed to this, including higher disposable incomes, competitive and affordable home loan interest rates, and a shift in mindset favouring ownership over renting post-pandemic.<\/span><\/p>\n

More: Indian luxury properties gain traction; slated to expand quicker in 2023<\/strong><\/a><\/p>\n

Younger homebuyers are also seeking sustainable properties, and are willing to pay a premium for them.<\/span><\/p>\n

Recently, Goa has become one of India\u2019s top real estate markets, with its high-end luxury and rental segment as major points of attraction, according to <\/span>Bizz Buzz<\/span><\/a>.<\/span><\/p>\n

It is expected for Goa to gain even more traction in the coming years, especially as more people discover its many charms.\u00a0<\/span><\/p>\n

Moreover, Goa has also become a top choice for second-home buyers on the back of high rental yields ranging from four to 10 percent, reported <\/span>Financial Express<\/span><\/a>.<\/span><\/p>\n

Many homebuyers choose Goa because of the air quality, water, and food, access to cross-cultural environments, and overall better quality of life.<\/span><\/p>\n

Investors looking to buy vacation and holiday properties in Goa have flocked to the area over the years. This picturesque tourist hotspot has attracted business leaders, industrialists, new-age entrepreneurs, media and film industry execs, hospitality owners, and NRIs from Dubai, Europe, London, Singapore, the US, and other parts of the Middle East.\u00a0<\/span><\/p>\n

Investing in the tropical state is also becoming popular among HNIs, salaried upper middle class, and service-oriented industry professionals, reveals Savills India.<\/span><\/p>\n

The Property Report editors wrote this article. For more information, email: propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

Younger homebuyers are also seeking sustainable properties, and are willing to pay a premium for them<\/p>\n","protected":false},"author":12,"featured_media":31072,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[3208,295,638],"class_list":["post-31071","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-goa","tag-millennials","tag-real-estate","news_country-india","news_author-property-report"],"acf":[],"yoast_head":"\nIndia sees influx of millennial first-time homebuyers; Goa gains traction | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/india-sees-influx-of-millennial-first-time-homebuyers-goa-gains-traction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India sees influx of millennial first-time homebuyers; 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