Studio apartments are accelerating in India
The concept of studio apartments are accelerating in India, especially in metro cities. As the prices of apartments and houses are rising higher in metro cities, these apartments are the most cost-effective alternative for working professionals. There is a steady and inflexible demand for these apartments in both metro and tier 2 cities.
Studio apartments are small apartments that comprise of a single unit which combine living room, kitchen, bedroom and bathroom. Such apartments are usually preferred by students, bachelors, newly married couples and working professionals as they provide a easily manageable, self-contained, comfortable, stylish and luxurious abode. They are also good option for business travelers who frequently visit certain city.
These people spend most of their time out of the house, working or attending classes. Hence they opt for Studio apartments. These apartments are smaller in size, so cleaning and maintaining the house is easier. These apartments provide privacy. Also the cost of designing and decorating these apartments is lower.
Affording big apartments, even on rent is difficult for job class people in big cities. Studio apartments are logical choice for such people. Studio apartments are available at lower cost than 1 BHK flats. The registration charge and stamp duty for such apartments are also comparatively low.
It is also a good option for investors investing in real estate because it is easy to rent out or resale such apartments at higher price in secondary market as they are the fastest-moving products on the market and their demand are very high.
