Impact of Gen Z choosing not to buy homes in India
Experts note that India's Gen Z is delaying home purchases until they have accumulated sufficient liquid assets and stable income to manage monthly mortgage payments with ease. Should this generation move away from buying property, it would likely dampen construction activity, immediately affecting the livelihoods of daily-wage workers. Furthermore, a decline in home purchases would reduce bank lending and lower state revenues from stamp duties, potentially forcing a reduction in capital expenditure.
by shortkt.com✓