The Transformative Attitude of Gen Y in The Home Buying Process

Comprising 36% of India’s total population, Gen Y, also known as the millennials are a generation who are constantly adapting to changes and are doing quite well at it. Owing to the Covid-19 pandemic, this generation has seen overnight changes and has been forced to adapt to it quickly- and they’ve been quite successful at that too. They are continuously adapting to emerging changes in technology, trends, and lifestyles, and are well equipped to take prompt decisions and sometimes even power in their times.

This fastidious generation has their own unique perspective, a solution to all their problems, and possesses a great grasp over social networking, being the tech-savvy generation that it is. For instance, where people from the earlier generation could not even dream of buying a home in their early 20s, this generation is out there searching for homes, taking virtual tours, and landing up purchasing homes with just a click on their keyboard and mouse. Hence, the attitude towards the home buying process has changed considerably among the millennials and this trend is forecasted to continue for some time now.

Why are the Millenials Interested in 3BHK Villa for Sale in Bangalore

Despite being the younger generation, the millennials have a futuristic vision and are constantly looking for long-term stability. As a result, most of them are choosing convenience and stability over luxury. However, the pandemic has also made them realize that sprawling space is an absolute necessity in today’s times as we are all forced to be confined to our homes.

Bangalore, having a cosmopolitan crowd, has the maximum number of millennials established there- and surveys have shown that the demand for 3bhk villa for sale in Bangalore among these young adults has risen increasingly, especially in the past few decades. They are no longer opting for semi-furnished studio flats, instead, they are more eager to buy villas or 3bhk flats- making provisions for themselves to have a more secured, independent, and happier future. Being a financially aware generation, aware of their roles and responsibilities, they have it all figured out.

With the pandemic striking and the emergence of the WFH culture, the Gen Y or the Instagram generation is now making smarter choices. They are looking for properties that may not be located near to their workplaces, instead must be within gated communities and must be offering amenities of international standards, so that life becomes easier for them within their homes. They are now ready to invest in a 3bhk villa for sale in Bangalore, even though it means a lot of hard work to meet their financial goals for a longer period of time, but in the process are ensuring an independent future for themselves.

Being more conscious about their surroundings- literally and figuratively- this generation believes in investments and likes to take charge of their own lives. They are vehement in placing themselves in the right place, at the right time, and take on responsibilities quite early in their lives so that they can enjoy a relaxing, and worry-free life in the future. All of these changing trends have ultimately changed the home-buying process altogether and have led to a surge in the demand for villas in the outskirts of Bangalore city.