With space constraints and increasing property rates, investing in a big home especially for a first time buyers is not an easy task. Still, many people want a home that should be completely their own and which they can proudly say their dream home. So, why not opt for a studio home. Studio apartments are trending in the Indian real estate market.
Such apartments are becoming preferred choice of investment among small families, working professionals, and bachelors. They are compact in nature but are equipped with all the modern amenities and facilities. Moreover, they are much affordable as compared a 1 or 2 BHK apartment.
However, with an increasing number of working professionals in major Tier-1 cities, Property developers these days are focusing on the development of such units as compared to bigger ones. They are easy to sell and have good ROIs too. Scroll down and take a look at the top cities where a home buyer can invest in a studio apartment:
Properties in Delhi are already on the higher side. On the other hand, space constraint is already a problem here. So, property developers here are developing studio homes to fill up the small spaces. There are many localities in Delhi that are offering studio apartments at an attractive price. Areas such as GK, Defence Colony, Malviya Nagar, and Vasant Kunj are favourable among home buyers for such properties. These studios come in various sizes ranging from 500-600 sq.ft.
Gurgaon is another favourable location when it comes to investing in a studio home. Due to the presence of leading IT companies, MNCs, and startups, working professionals prefer to buy a studio in Gurgaon as compared to Delhi. Localities such as DLF City phase-3 offers several studios ranging from 300 sqft to 550 sq.ft. Most of them are fully furnished and available at cheaper prices.
Buying a property in Mumbai is a dream to many, but due to higher property price, it becomes difficult to invest here. Another reason is increasing working population in Mumbai that has now forced realtors to develop studio apartments in many posh localities like Andheri, Borivali, Dahisar etc. Studios available here in various sizes starting from 300 to 500 sq.ft.
Just like Gurgaon, Pune is also known as a flourishing IT city of North India. Many working professionals come and settle here to have better career prospects in leading IT companies and MNCs. Due to this, there is a sudden influx in the population of the city. This has led realtors to focus on studio apartments as professionals and small families prefer them mostly. Areas like Hadapsar, Magarpatta, and Koregaon Park are full of studio apartments.