Evolution Of Homes: Gen Z & Millennials Are Reshaping Real Estate in Dehradun
Have you ever wondered or heard about Gen Z and Millennials terms in social media or from the mouths of people around you, and why are they suddenly the most influential voices in real estate? These super digital natives are not just scrolling through their screens of TikTok or Instagram anymore; they are out hunting for properties. And not just any common property, but a property with smart, aesthetic, and meaningful spaces and qualities. But what exactly is driving this real estate market comparison among millennials and Gen Z? Let’s break it down.
Who Are Gen Z and Millennials – And Why Should Real Estate Care?
MILLENNIALS(born 1981-1996) are entering their peak earning and investing years, while Gen Z(born 1997-2012) is creating a fresh but early start, with one eye on financial independence and the other on finding worthy Instagram aesthetics.
But the real question that arises is, why is GEN Z uprising in the real estate sector?
- Their unique approach and different mindset from others.
- They give equal value to mobility, tech integration, and eco-conscious living.
- A preference for customized spaces over traditional spaces or layouts.
According to a report from the Hindustan Times, by 2030, 60% of new home buyers will be Millennials and Gen Z in India. Gen Z is not just buying properties or homes; they are in search of effective, customized, and curated lifestyles.
Aesthetic Obsession & Smart Preferences Of Both Millennials & Gen Z:
There were days when buying property was based on square feet, but Gen Z and millennials are a step ahead, but differently. Their choice of properties researched by our team of real estate experts at BABVIP ASSOCIATES includes
- Minimalists but functionally blended quality
- Installation of energy-efficient appliances and green certificates
- Smart home devices and features like IoT security, lighting, and voice control.
- Prime location properties complement and are close to areas and places like a gym, a cafe, and nature.
They crave aesthetic experiences, not just for ownership. That’s why many are falling in love with places like Dehradun, where nature is blended with urban convenience.
Market Shift: Gen Z Vs Millennials In Dehradun Real Estate:
Dehradun’s real estate market is adapting to the preferred choices of both millennials and Gen Z in terms of property selection.
MILENNIALS: They are leaning towards investment-ready properties and choosing to be a homeowner. According to a report by Kotsworld, 71% of millennials wish to be homeowners by 2025. Their choices include:
- Focus on affordable and social connectivity properties
- .Prioritizing green buildings and smart homes.
- A maximum focus on ROI and resale value.
GEN Z: On the other hand, Gen Z wants co-living spaces with a blend of tech-powered equipment installation in a rental form; they don’t seem to be in the mood to be a house owner.
- Prioritizing technology-oriented living spaces
- Rental accommodations
- Compact studios or commercial spaces that scream personality & aesthetics.
Interestingly, both groups are quite interested and excited to invest in Dehradun’s growing real estate sector, and that number is just increasing, especially in areas like Rajpur Road, Sahastradhara, and Clement Town, because of a perfect blend of nature, education centres, and affordable property rates in these areas.
Enter Babvip Associates: Your Real Estate Partner in Dehradun:
If you have a question in your mind about whom to choose for perfect and successful real estate investment in Dehradun, look no further than BABVIP ASSOCIATES, the go-to name for real estate guidance, property buying, and investment solutions in Dehradun.
Whether you are a first-time Gen Z buyer looking for your dream 1 BHK or a millennial investor seeking commercial plots, BABVIP ASSOCIATES offers personalized and professional assistance tailored to your vision and budget.
