Niranjan Hiranandani Explains - How Indians Are Moving Towards Home Ownership Instead of Rental Houses
The rejuvenation of the Indian real estate sector finds its impetus in sustainable domestic consumption, breathing vitality into housing markets. Post the tumultuous era of COVID-19, residential property transactions have soared to unprecedented heights. Those with a penchant for renting perceive personal homeownership not only as a secure asset but also as a harbor of social security benefits. The confluence of robust demand and thriving sales has given rise to a surge in property prices, breaking free from the shackles of years of languid activity. The appetite for housing finds its roots in resilient economic growth, optimistic GDP projections, and adept handling of geopolitical complexities. Presently, potential homebuyers are contemplating leveraging gains from capital markets to fulfill their housing financial goals, aligning with the current market landscape. The intrinsic desire for property ownership has spurred fence-sitters, both domestic and NRI, to transition into bo...