Brokers in Bengaluru say queries from younger homebuyers have almost doubled, compared to last year. Gen Z will lead property buyers in the next two years in India, compared to 29 percent of baby boomers, according to a study by real-estate consultancy CBRE.
This may seem counterintuitive but high prices that seem to have reached peak appreciation and worries over crumbling infrastructure have contributed to the waning interest
With a severe mismatch in demand and supply of rental stock, brokers have started allotting slots for apartment tours and even accommodating prospective tenants in co-living temporarily until they find a home for them