Town and City Developers, K G Group target the millenial generation to provide them with affordable and smart home features with no Pre-EMI option.
Coimbatore: Coimbatore Town & City Developers launched 'Millennial City' just behind Annamalai stores near G N Mills on the bustling Mettupalayam Road.
Bookings have kick-started from September 8, 2021. The Millennial City project caters to the needs and requirements of the millennial generation, targeting the age group of 25-40 years.
Millennial City offers two different types of apartments to cater to the diverse needs of its customer - 10HK POSH & 2BHK ( UXE . 1BHK POSH apartment starts at Rs.19.99 lacs and 2BHK LUXE apartments at 32.09 Lacs* onwards.
Pandemic pushing millennials to Home Ownership
The pandemic is reportedly pushing millennials who were considered as rent generators to home ownership, with various offers of incentives of low home loan interest rates and Central Government subsidy Covid-19 has changed the outlook of millennials and it is reported that buying homes is a top-of-the-mind consideration for millennials. Their aim is to buy homes that are in the centre of the city, well-connected to daily life amenities, corporates, education institutions and world class healthcare, so that their time is spent with their family and unwinding rather than in long hours of commuting. Millennials seem to realize the benefits of investing in real estate and the need for one ownership. With the "work from home" trend here to stay, millennials seek to be in the comfort of their own homes and adapt a hybrid model in the future.
Home Loan interest rates at a 15-year low and PMAY subsidy extension
Home loan interest rates are at a 15-year low and home buyers can capitalise on this opportunity to buy now since it is a boost to home buyers. Home loan interest rates start at 6.6 percent for a home loan of up to Rs.30 lakhs from major financial institutions and banks. The overall cost of buying a home will come down drastically with lower home loan rates making now the best time to buy a home. Apart from benefiting from historically low home loan interest rates, first-time home buyers can also benefit from the extension of the PMAY scheme subsidy of up to Rs. 2.67 lakhs under the "Housing for All" mission. Town & City Developers have facilitated over 300 eligible customers to avail this Central Governmet subsidy under the PMAY scheme.
Post-Covid demand for real estate by NRI community and investors
With the pandemic situation there is a change in consumer behavior of not just millennials and home buyers but also investors and NRIs. NRIs are facing challenging times this year and are looking to create a safe haven back home in India for their families. Covid-19 in many ways has enhanced the credibility of real estate as a financial and emotional asset, and the inquiries from NRI community has reportedly gone up since the pandemic. Stock market investors are also looking at real estate as a safe investment option with stock market uncertainties. Despite the pandemic, home buying demand has only increased and this will encourage more investors in the real estate market.
Town & City Developers - KG Group
The Town and City Developers real estate development and construction firm commenced with the vision of changing the lifestyle of millions with its affordable homes The firm is a novel venture of the K G Group, well known for its tradition of trust sınce 1932. Town & City Developers claims to have delivered the dreams of families in Coimbatore with its projects Garden City, Tech City Teknopolis Smart City, Metro City & Silicon City in multiple locations that caters to first home home buyer and small investors.
Town & City Developers transform spaces into beautiful homes through flawless design expertise and superior construction technology. Town & City Developers also provides complete services to its customers from bookings to handover, including loan processing. Town & City Developers' Millennial City has been designed to cater the needs and desires of the millennials to lead a well-connected lifestyle.
Located in the upscale residential neighborhood of G N mills and well-connected to schools, colleges, hospitals, industries, banks, restaurants and banquet hall, the gated community is equipped with high quality construction materials, superior technology, modern features and all essential amenities for a better lifestyle.
The millennial city project also features smart home features like mobile app control for lights and fans, and sensor lighting for common areas. Meticulously designed and strategically pinned in the prime location of G N Mills, with price quality and a trusted Group like K G Millennial City by Town & City Developers provides great value to the home buyer and investor.
For More Details call: 76676 99999 / 76674 66666.