Will studio apartments have good resale value after fe years of usage?

reenapaulthomas, Chennai

26th May 2018

Buying property in Chennai

studio apartments

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pros of a studio apartment

benefit of buying a studio apartment

will studio apartments have good resale value?

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I would like to advise you few good tips if you are going for a Studio Apartment. While buying a studio apartment, the most important aspect to consider is the location. It should be near to your workplace as this will guarantee fixed tenents or buyers. Studio apartments are in huge demand in and around central business districts and IT Hubs. And if it is close to major medical hubs or hospital then it would be an added advantage for you. As the most of the family who has to undergo a long treatment prefer to live in a studio apartment rather than shell out money for expensive hotel rooms. Always look for a property or project in an area which has good connectivity and where new industries are being set up.

Madhukar, Chennai

29th May 2018

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I agreed with you Madhukar.....Apart from that, a studio apartment is a good option, particularly if they spend most of their time at work. It's even better if they can buy one near their workplace as it will help them save on transportation cost. Young people and student for higher education shifted to the city, want to stay in an affordable place and sell it when they move to a different city for work.

Parashuram, Chennai

29th May 2018

Hello Reena,
A studio apartment can be a good investment if you are a newbie or reserve investor cautious of putting your money in equity or mutual funds. Most Indians consider real estate a safe bet, so buy a studio apartment could be a good bet for u. Even if you move to a bigger house, later on, it guarantees you a rental income. These houses are easy to sell as the demand for smaller apartments is always higher than those for larger ones.

Parashuram, Chennai

29th May 2018

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