How Does Investing In Real Estate Make Sense for Modern Millennials
For a long time, millennials have stayed away from investing in real estate or owning a physical asset. The generation is most creative and curious in the current workforce and is very investment savvy but they seem to be wary of real estate. With an attitude of exploring the unknown and looking for career opportunities, millennials more often move around and don’t dwell in a particular city. This sentiment has kept millennials from owning a physical asset.
But the change in current situations across Vadodara and other Indian cities makes perfect sense for millennials to invest in real estate. Here’s why:
Work From Home is Now a Reality: It has been more than a year now that working professionals, including millennials, are working remotely. This remote working model will continue to become more popular in upcoming days. Top IT and Non-IT companies are keen to extend work from home. The lockdown in 2020 has made the millennials realize that rented spaces, PGs and co-living spaces are not apt for this type of working model. With this, the need for a quiet and dedicated space is crucial more than ever. Hence, investing in real estate now makes perfect sense for millennials. There are new apartments in Vadodara that are available at affordable rates.
Affordable Home Financing Options: The Reserve bank of India decided to keep the repo rate and reverse repo rate unchanged, which is 4% and 3.35% respectively, for the fifth time in a row, which comes as good news to many homebuyers. There are many premium and modern Vadodara real estate projects like Veda II that suit millennials’ requirements.
Safe Surroundings: While affordability is important, safety is equally critical. With COVID 19 pandemic, everyone should strictly follow the social distancing norms to stay safe and stop the virus from spreading. Sharing apartments or staying in co-living spaces, makes social distancing impossible. This is another factor that makes sense for millennials to buy their home, which will allow them to follow social distancing and continue living in a safe surrounding.
Secure Future: It is a great way to secure their future! Real Estate is the best investment option today and has always been! In times where uncertainty prevails more than before, it is good to have a roof over your head. It gives you a sense of security and belonging.
All these factors make perfect sense for modern millennials to invest in real estate. Tier 2 cities like Vadodara have top builders that are offering premium residential properties. One can choose from various ongoing residential projects in Vadodara. Alembic Real Estate is one of leading real estate company in Vadodara committed to designing luxury spaces that match your style and offer comfortable living. We have residential projects in Vadodara like VEDA II that come with top-notch amenities, facilities and vast open spaces. This property is the tallest residential building in the city. Our residential projects are the perfect combination of style and comfort that fits the millennial lifestyle.