The newer generation being more educated and advanced in every aspect, it only makes sense that their opinion on everything varies from the older generations. And when it comes to buying a house, things are no different. The idea of an ideal home for millennials might be a nightmare for some people from the older generation. With times changing, home ownership is among the top priorities for millennials. Millennials, especially students and job seekers, prefer to have their own flat in Raipur, Chhattisgarh as soon as they reach adulthood, which is in contrast to the older generations who used to live with their parents and joint families for as long as possible.
Thus, the majority of millennials look for residential flats that are low cost and require less maintenance, rather than bigger houses. A major factor that differentiates the housing procedures of millennials with the older generation would be the availability of home loans and other such facilities which makes buying a house easier. In the state of Chhattisgarh, where there is a constant inflow of students and job seekers, residential flats for sale in the education and industrial areas of the city are in high demand by millennials.
Reasons
Tech Enabled Living Spaces:
Millennials have grown up with technology. They’ve been using tech-enabled services in almost every aspect of their lives now. And when it comes to a housing experience, they’re looking for the same facilities. Millennials now demand a residential flat in Raipur Chhattisgarh, which is equipped with proper technological features like advanced security services, temperature controls, light controls, advanced parking facilities etc, which can be controlled easily through their gadgets. Students and job aspirants, who tend to live alone prioritize having a tech-enabled security system. Also, the work from home culture is another factor that promotes tech-enabled homes. Millennials are ready to invest for a setup in homes that assist their work. However, during current times home developers are unable to provide some of these advanced smart-home gadgets, and so the millennials install these facilities on their own.
Amenities Are Unavoidable:
The real estate market is witnessing a growing trend of demand for flats in Raipur for sale that provides a number of amenities. And millennials play a major role in pushing this trend forward. A millennial will buy a smaller residential flat, which provides world-class amenities rather than a big house with no amenities. Similarly, they demand high-class luxurious flats and houses, that come along with amenities, which provides them ample space and a grand living experience. Advance security system, proper parking area and power backups have become basic requirements while buying a flat in Raipur. While other amenities such as gyms, swimming pools, and lush green lawns along with a play area for children are highly preferred by millennials.
Need For Investment:
With high returns on investments in the real estate sector; millennials, following the footsteps of their older generation, are keener towards investing in flats for sale in Raipur. And with the developing real estate market in Chhattisgarh, the demand for flats for investment purposes are also increasing. Millennials choose to invest in flats for sale in Raipur which are in the upmarket localities and prefer a well-known builder with flats that come along with standard amenities.
Modern Interior:
In the earlier times, while the majority of houses had a similar infrastructure, there was a traditional approach towards the interior of houses. But things have changed a lot today, millennials hire specialized interior designers to create and plan their housing interiors or they look for a ready, well-furnished residential flat in Raipur for sale. Now, millennials need a flat that has French windows that allow optimum natural light in the house and customizable open floor plans. Floor to ceiling heights that make the flat look bigger is always preferred by millennials along with good ventilation etc. Real estate developers also build projects which have flats for sale with a good amount of green cover as there is a major emphasis on landscaping views and lush greenery.
Love For Big Spaces & Luxurious Facilities:
In modern times, millennials have developed a liking for an urbanized concept of living and choose to buy a flat accordingly. And a luxurious flat in Raipur is evidently defined by its space. And although the population is constantly increasing, finding a spacious residential flat for sale in Chhattisgarh is a lot easier compared to other developed cities in the country.
High Demand In Apartments:
The major difference between millennials and the older generation, when it comes to buying a house, is their preference for flats rather than duplex/row houses and bungalows. Millennials will pay the same price for a residential flat for sale in Raipur rather than a house because such residential flats tend to have low maintenance cost and effort. Since the female members of the house also tend to work in corporate jobs, the maintenance of a house can become quite difficult. Apartments are also in high demand by students and job seekers in the city as they rarely have the time and budget to maintain a house. Hence, millennials show a high preference for flats in Chhattisgarh.
Buy A Home Online:
Millennials are way too used to the online mode of shopping and look for the same convenience when it comes to buying a house. Visiting multiple properties only to choose one is not something that suits the preference of a millennial. According to the report, Real Estate in a Digital Age, 99% of millennials start their home search online and 58% found their current home on a mobile device. Thus, virtual home visits and digitalization in the real estate market in the near future led by millennials.
Sustainable Homes:
Many surveys have proved that millennials choose to be more environmentally conscious while making decisions. And they use the same principles while buying a residential flat in Raipur. We can see millennials installing solar panels on their rooftops with their own battery and power management systems.
Millennials also tend to distribute their excess energy to the nearby residents in order to sustain the energy needs of the entire community in an environmentally friendly way. They chose air conditioners and refrigerators that consume less energy which leads to a reduced electricity bill while also helping the environment. Experts project that this may lead to an electrical energy surplus in less than 10 years.