As you power through any Indian city, you are bound to encounter massive billboards selling the dream of residing in swanky high-rises with all cutting-edge services. However, millennials, of late, are not too eager to buy a domestic.
There are several motives for this behavior, which consist of personal preference and financial issues.
The millennial attitude
Interestingly, with a brand new technology comes a shift in cost and lifestyle. Millennials aren’t so keen on homeownership as previous generations. Typically, millennials or Generation Y consist of human beings born between the early 80s and 2000s. Traditional yardsticks of success like marrying at a positive age, having children, buying a residence, and a fixed retirement age no longer apply to this organization. Instead, they’re more focused on their jobs, give themselves time to discover a life partner, and search for financial freedom in place of possession of property ownership. This paradigm shift in mindset compared to previous generations has also meant that millennials shy away from long-term monetary duties that come with buying a domestic. Connectivity to the workplace, convenience, and protection are essential, but proudly owning their personal domestic is no longer an awful lot.
