Demand for studio apartments

Q: What is the reason that the demand for studio apartments is gaining momentum?

Gaurang, Bangalore

26th November 2013

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Replies (5)

Which are the developers coming up with studio apartments in Bangalore, Delhi, Mumbai and other cities?

Mithilesh Roy, Bangalore

1st April 2014

Comment

Some of the major developers in Delhi and Mumbai active in this segment include Supertech Builders, Nirman Constructions, Om Constructions and Kushi Builders. Ittina Group is offering few such configurations in Bangalore whereas Big Deal Properties are active in this segment in Kolkata.

Sreya Khan, Bangalore

1st April 2014

Studio apartments are increasingly becoming popular among young professionals across the country. Delhi and Mumbai are two cities where these configurations are already popular. Bangalore, Hyderabad, Kolkata and Indore are other cities where studio apartments are gaining popularity as well. Owing to this increased interest, several developers are looking at delivering more apartments within their budget.

Vasanth,

1st April 2014

Comment

The studio apartment segment is becoming more popular, especially among companies and young professionals. For companies, it becomes easier and cheaper to accommodate young and/or single employees in a studio apartment or a service apartment, instead of putting them up in a guest house or hotel. For the above mentioned reasons, the segment is becoming increasingly popular among young professionals, especially in the bigger metros. For investors, it is a good investment prospect as well as a good prospect to earn a regular rental income. As such, the segment has a good growth potential in the future.

Seshagiri Mehra, Bangalore

1st April 2014

What are the sizes and cost of studio apartments?

Gaurang, Bangalore

26th November 2013

Comment

The compact size of the studio-apartments that range between 300-600 sq ft are the perfectly designed units for the low-income households, although high-net-worth individuals have been taking keen interest in them, recently. As per the market reports, there exists a huge demand for smaller units from the young singletons and expats, who are willing to purchase a small property instead of renting a large unit for the same money.

It is almost similar to 1 BHK apartments. There is a huge demand for such kind smaller units in Bangalore

Seshagiri Mehra, Bangalore

26th November 2013

There are two significant points for studio apartments that does the trick- affordability and renting options. Such apartments offer the exclusive option to work at the same place, according to convenience. Such apartments are of great essence for entrepreneurs and artists who prefer to work and live out of their homes.

Sreya Khan, Bangalore

26th November 2013

Comment

The sudden rise in land cost and the acquisition process becoming a backbreaker has led to the growth of demand for studio apartments in the country. Developers offer more in limited space and offer studios varying from Rs 5 lakh-75 lakh. This broadens the client base of the developers from middle-class to luxury segment, seeking an opportunity to invest funds in real estate and make the most of it.

Neha Patel, Bangalore

26th November 2013

On account of rising rental values in the city, Bangaloreans prefer to delve their funds in buying studio apartments or 1 BHK units. 1 BHK units are the typical housing units for middle-class property buyers to take keen interest into, since low-maintenance and compact structure are its basic tools.

Neha Patel, Bangalore

26th November 2013

Comment

Studio apartments, is a growing urban phenomenon and is increasingly gaining momentum in various income segments. For renters stepping in the property market, rich NRIs willing to pour funds in Indian real estate or high-net worth individuals in search of a good investment option, studio apartment in the country are the one to go for.

Seshagiri Mehra, Bangalore

26th November 2013