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India's Gen Z prefers renting a place to owning a home: Report
The Statesman
|November 08, 2024
As Baby Boomers, Gen X and millennials prefer to buy homes in India, Gen Z shows a notable difference and lean towards renting a place, according to a report on Thursday.
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As Baby Boomers, Gen X and millennials prefer to buy homes in India, Gen Z shows a notable difference and leans towards renting a place, according to a report on Thursday.
Baby boomers favour investments, but millennials prefer to upgrade their property, and the reasons for purchasing a home show distinct generational differences, according to a Knight Frank report.
About 79 per cent of Baby Boomers, 80 per cent of Gen X, and 82 per cent of Millennials favour homeownership, while among Gen Z, only 71 per cent prefer to own a home, and a high 27 per cent lean towards renting.
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