Sunday, July 13, 2025
  • Login
No Result
View All Result
APN News
  • News
    • National
    • International
    • States
    • Views
    • Crime & Corruption
    • Headlines
    • Breaking News
    • Canada’s privacy commissioner launches investigation over the use of facial recognition technology
  • Business
    • Banking
    • Finance
    • Economy
    • Be an informer to I-T dept; earn up to Rs 5 crore
    • Markets
  • Tech & Industry
    • Tech
    • Auto
    • Information Technology
    • Telecom
    • Oil & Natural Gas
    • Gravitational wave event likely signaled birth of black hole
  • Entertainment
    • Malayalam Film
    • Media
    • Music
    • Shawn Mendes Released Highly Anticipated Self-Titled Album Today
    • Youth
      • Fashion
      • Kids
      • Life Style
  • Education
    • Campus News
    • ITM University, Gurgaon Student Palash Chhabra Represents Varsity at Google Student Ambassador Summit
  • Health
    • Medical News
    • Maharshi Shushruta, The Great Grandfather of Surgery!
  • Tourism
    • Travel
    • Food&Beverages
    • “Keraliya Ayurveda is Credible and Authentic”
    • Hospitality
  • Sports
  • Editor’s column
  • Magazine
  • News
    • National
    • International
    • States
    • Views
    • Crime & Corruption
    • Headlines
    • Breaking News
    • Canada’s privacy commissioner launches investigation over the use of facial recognition technology
  • Business
    • Banking
    • Finance
    • Economy
    • Be an informer to I-T dept; earn up to Rs 5 crore
    • Markets
  • Tech & Industry
    • Tech
    • Auto
    • Information Technology
    • Telecom
    • Oil & Natural Gas
    • Gravitational wave event likely signaled birth of black hole
  • Entertainment
    • Malayalam Film
    • Media
    • Music
    • Shawn Mendes Released Highly Anticipated Self-Titled Album Today
    • Youth
      • Fashion
      • Kids
      • Life Style
  • Education
    • Campus News
    • ITM University, Gurgaon Student Palash Chhabra Represents Varsity at Google Student Ambassador Summit
  • Health
    • Medical News
    • Maharshi Shushruta, The Great Grandfather of Surgery!
  • Tourism
    • Travel
    • Food&Beverages
    • “Keraliya Ayurveda is Credible and Authentic”
    • Hospitality
  • Sports
  • Editor’s column
  • Magazine
No Result
View All Result
APN News
No Result
View All Result
Home Economy

76% of Indians plan to switch from renting to owning assets as an investment and lifestyle choice, reveals Post ‘Generation-Rent’ study by Godrej Housing Finance

by Admin
December 29, 2021
in Economy
0
0
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

●      Three in every four Indians prefer ownership over renting (housing, consumer durables, furniture)

●      One in two Indians reveal that they have started looking for a new house for themselves; almost one in every third Indian believes buying a new house is the best investment option at present

●      One in four Indians feel purchasing a home of their own is crucial to securing their future, second to securing a career (40%)

●      Flexibility on policy, credibility and transparency of the brand, digital offerings and relative turnaround time for processing are the factors most important while choosing a home loan provider

Mumbai : 3 out of every 4 Indians now prefer asset owning over renting to secure their future in the post-pandemic world, revealed the latest study, Post ‘Generation-Rent’ commissioned by Godrej Housing Finance (GHF), to gain insight into the shift in consumer’s preference and the factors thereof that drive the decisions for considering property purchase, asset creation, and investment avenues by Indian consumers to secure their future in a post-pandemic world.

Industry experts predict a continued uptick in the coming months, easing the long period of pent-up demand across sectors. The survey validates the sentiments as most of those surveyed stated they are now more open to investing in a property of their own divagating from the earlier notion of being labelled as the ‘Generation-Rent’.

‘Generation-Rent’ is a well-documented phenomenon associated with Millennials across the world who prefer to rent over asset ownership of consumer durables and even housing. In stark contrast to earlier assumptions, around 62% of Indians highlighted that they now preferred purchasing their furniture, car, home, and wedding apparel rather than renting them as this provides them with greater stability in future.

The Post ‘Generation-Rent’ study by Godrej Housing Finance revealed that almost half of Indians (49.13%) had started making headway in their house-hunting aspirations and reaching out to housing finance companies in the past year. 32.9% believe that buying a new house is the best investment option at present, while 16% mentioned owning a house is a top priority as work from home is the new normal.

The study also found that 25.5% of the Indians consider owning a home the second-most important aspect defining ‘personal security’, with job security leading the chart with 40.6% voting for it. 

Commenting on the findings, Manish Shah, MD & CEO, Godrej Housing Finance, said, “The pandemic has brought about a clear shift in preference amongst Indian consumers. They are gravitating towards future-proofing through long-term investments. With affordability at an all-time high, there has probably never been a better time to buy a house, which is both an important element of asset allocation and a key pillar of financial security. That said, customers believe that this change requires enhanced support from their financial partner to advise and guide them through this long-term commitment. The study re-affirmed our need to double down on offering innovation, flexibility and digital alternatives in both product design and delivery to facilitate homeownership better and ease the customer’s financing journey.”

The study further revealed that flexibility on policy, credibility and transparency of the brand, digital offerings, and relative turnaround time for processing are the top factors that drive the selection of financing partner. This can be attributed to consumers becoming accustomed to the on-demand gratification of their requirements aided by digital technology.

The study also found that digital-first and frictionless processes are perceived as both an advantage and a starting point for consumers while choosing today’s financing brands. Companies and services that offer end-to-end digital solutions gain an edge in consumer preference over more traditional financing models.

Admin

Admin

Next Post
Year end Story: Outlook for 2022 By Prashant Solomon, MD, Chintels India & the Hon. Treasurer for CREDAI NCR

Year end Story: Outlook for 2022 By Prashant Solomon, MD, Chintels India & the Hon. Treasurer for CREDAI NCR

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

CM of Sikkim Meets Dr. Nishikant Dubey During Parliamentary Committee Visit

CM of Sikkim Meets Dr. Nishikant Dubey During Parliamentary Committee Visit

July 12, 2025
No bubble in Gurugram housing market; steady demand from end-users, investors: Signature Global

No bubble in Gurugram housing market; steady demand from end-users, investors: Signature Global

July 12, 2025
Shashi Panja, Minister for Industries, Commerce & Enterprises Headlines SRMB Presents Times Network Growth Summit West Bengal

Shashi Panja, Minister for Industries, Commerce & Enterprises Headlines SRMB Presents Times Network Growth Summit West Bengal

July 12, 2025
Indian Overseas Bank Launches Multiple Customer-Centric Digital Initiatives

Indian Overseas Bank Launches Multiple Customer-Centric Digital Initiatives

July 12, 2025
Indian Bank Launched a bouquet of banking products: ‘Senior Konnect’ branch to Digital Journey

Indian Bank Launched a bouquet of banking products: ‘Senior Konnect’ branch to Digital Journey

July 12, 2025

APNNEWS owned by a Group of Journalists is a 24 X 7 news portal spearheaded by veteran journalist Suresh Kumar.

Facebook Twitter Youtube

Categories

  • Corporate News
  • Finance
  • Tech & Industry
  • Education
  • Health
  • Life Style
  • Real Estate
  • Sports
  • Entertainment
  • New Products
  • Environment
  • Religion

Company

  • About Us
  • Terms of Service
  • Disclaimer
  • Contact Us
  • APN NEWS RSS
  • Advertise with Us
  • Your Ad Choices

APNNEWS owned by a Group of Journalists is a 24 X 7 news portal spearheaded by veteran journalist Suresh Kumar.

Facebook X-twitter Youtube
  • About Us
  • Terms of Service
  • Your Ad Choices
  • Advertise with Us
  • Contact Us
  • Disclaimer

© 2024 APN NEWS, All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • National
    • International
    • States
    • Views
    • Crime & Corruption
    • Headlines
    • Breaking News
    • Canada’s privacy commissioner launches investigation over the use of facial recognition technology
  • Business
    • Banking
    • Finance
    • Economy
    • Be an informer to I-T dept; earn up to Rs 5 crore
    • Markets
  • Tech & Industry
    • Tech
    • Auto
    • Information Technology
    • Telecom
    • Oil & Natural Gas
    • Gravitational wave event likely signaled birth of black hole
  • Entertainment
    • Malayalam Film
    • Media
    • Music
    • Shawn Mendes Released Highly Anticipated Self-Titled Album Today
    • Youth
      • Fashion
      • Kids
      • Life Style
  • Education
    • Campus News
    • ITM University, Gurgaon Student Palash Chhabra Represents Varsity at Google Student Ambassador Summit
  • Health
    • Medical News
    • Maharshi Shushruta, The Great Grandfather of Surgery!
  • Tourism
    • Travel
    • Food&Beverages
    • “Keraliya Ayurveda is Credible and Authentic”
    • Hospitality
  • Sports
  • Editor’s column
  • Magazine

© 2024 APN NEWS, All Rights Reserved.