India  

'Millennials, Gen Zs meet 53% of home loan demand'

IndiaTimes Monday, 11 December 2023
Magicbricks estimates that individuals in the 18-34 age group, encompassing Millennials and Gen Zs, contributed to 53% of the home loan demand in India, based on consumer preferences on the platform. From October 2022 to October 2023, the prominent real estate portal observed that 58% of the home loan demand pertained to the affordable housing segment (up to Rs 40 lakh), except for Gurugram. In Gurugram, there was a notable demand for home loans with a ticket size of Rs 40-60 lakh (25%), followed by loans in the range of Rs 1-1.5 crore (13%).
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