As per CII-ANAROCK report millennial continue to drive housing demand, 40% of the surveyed participants prefer 2BHKs and 6% seeks homes exceeding the 3BHK configuration.
The millennial generation in India is playing a significant role in driving demand for housing, due to several factors, including increased urbanization and a growing middle class with higher disposable incomes. Additionally, millennial are prioritizing home ownership and investment in real estate as a long-term asset.
Besides that, the trend towards changing lifestyles has contributed to the demand for 3bhk apartments. For many home buyers, a 3bhk apartment offers a balance between space and affordability, making it an attractive option for both first-time home buyers and those looking to upgrade their living space.