Daybreak Roti ✓ Kapda ✓ Makaan? Should young Indians still believe in the home ownership dream?
Jan 23, 2025
Rona Kumar Gunjan, a real estate expert from The Ken, discusses the skyrocketing property prices in Indian cities and their impact on young adults. She highlights the dilemma of home ownership versus renting as financial pressures mount. Gunjan shares insights on shifting generational attitudes and the trend of moving back in with family. The conversation also touches on the challenge of finding reliable property builders and the emerging trend of reverse migration as many seek affordable living outside urban centers.
AI Snips
Chapters
Transcript
Episode notes
Intergenerational Financial Comparison
- Snikdha Sharma recalls a story from Ronak Kumar Gunjan's reporting.
- A man earning substantially more than his father struggles while his father supported six, bought land, and married off a daughter.
Global Housing Affordability Crisis
- Incomes haven't kept pace with rising interest rates, living costs, and inflation.
- This trend is global, with many young people in the US and UK living with parents, mirroring India's situation.
Home Loan Challenges
- Ronak Kumar Gunjan shares his experience applying for a home loan.
- Banks hesitated due to the high property cost compared to his income but approved with a co-applicant.