2020
DOI: 10.1108/ijhma-04-2020-0042
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Young adults’ socialization in housing and real estate purchase decisions in India

Abstract: Purpose The purpose of this paper is to understand the influence of young adults’ socialization and product involvement on family housing and real estate purchase decision-making process. While previous studies have used these constructs in the fast-moving commercial goods category, this paper is considering the real estate family purchase decision as the core point of research and analysis. Design/methodology/approach Data were collected from 429 young working adults across various sectors in India. The pro… Show more

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Cited by 5 publications
(4 citation statements)
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“…This theory elucidates the sequential steps that consumers undertake in their decision-making process when contemplating the purchase of a product or service. This process is commonly perceived as a rational behavior, wherein consumers opt for the alternative that offers them the highest level of satisfaction or utility (John et al, 2020). Relationship The purchasing decision theory put forward by Philip Kotler and Gary Armstrong in this research is that the pandemic can influence needs and priorities, making consumers pay more attention to prices in the context of housing that is in accordance with sharia principles.…”
Section: Non-bank Sharia-based Housing Prices and Purchase Decisions ...mentioning
confidence: 99%
“…This theory elucidates the sequential steps that consumers undertake in their decision-making process when contemplating the purchase of a product or service. This process is commonly perceived as a rational behavior, wherein consumers opt for the alternative that offers them the highest level of satisfaction or utility (John et al, 2020). Relationship The purchasing decision theory put forward by Philip Kotler and Gary Armstrong in this research is that the pandemic can influence needs and priorities, making consumers pay more attention to prices in the context of housing that is in accordance with sharia principles.…”
Section: Non-bank Sharia-based Housing Prices and Purchase Decisions ...mentioning
confidence: 99%
“…It is associated with people feeling a sense of attachment and affiliation for a certain location from which they also derive an identity from and ascribe attributes of themselves to the place. The manner in which young adults feel involved in a product has an influence on the real estate purchase decision in terms of family housing (John et al , 2020). This paper proposes that brands can create spaces of topophilia through the use of elements of arousal and pleasure.…”
Section: Background and Literature Reviewmentioning
confidence: 99%
“…Purchase decision process is influenced by cultural, social, personal and psychological factors (Hanaysha et al ., 2021). Among these factors, family stands out as a significant factor in the purchase decision process (John et al ., 2021). Considering the significance of family in the purchasing process, most marketers prioritize understanding the influential individuals affecting purchasing decisions within families, acknowledging that factors like product category, family size, and structure can alter this dynamic (Tinson et al ., 2008).…”
Section: Introductionmentioning
confidence: 99%