newindianexpress.com-Why real estate is not a retirement plan
Buying a home is the first preference of Millennials and Gen X in India. Millennials are people born between 1980 and 1996. Gen X people are born between 1965 and 1980. These two categories are the highest income earners, and their future investment plans include buying a home as a top priority.
In a survey of over 7,500 people of multiple generations and incomes for the industry body Federation of Indian Chambers of Commerce and Industry (FICCI), Anarock Research, a real estate consulting firm, provides interesting insights. About 66% of the Millennials and 41% of Gen X are keen to buy a home. Regarding the young, represented by Gen Z, 39% say they want to start a business. These are people born between 1997 and 2012.
