One Bedroom Flats on High Demand in India

One Bedroom Flats on High Demand in India

By SiliconIndia   |   Monday, April 22, 2013
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Bangalore: Small homes or one bedroom apartments are catching up again in India. Earlier, there was a school of thought that one bedroom apartments are only for lower income group, which is no longer true. The category of buyers for 1BHK apartments has also changed over time. In today’s date, the average buyers of such apartments are single professionals, newly wedded couples as well as double income families. Besides, in this busy lifestyle, people find small homes are easy to maintain.  

With the increasing property prices and uncertain job market, people are opting for one bedroom apartments to maintain the budget. Smaller homes come under affordable price tag compared to bigger apartments, reports Kailash Babar of Economic Times.

Earlier, these same home buyers mainly focused on buying bigger apartments or luxury apartments and never looked into smaller houses because of job security and good increments. But, market scenario has been changed since then and several changes have occurred. And, now these home buyers have shifted their focus from fancy houses to small apartments keeping the rising real estate prices in mind.  

Also Read: No Tax on Inherited Property in India for an NRI

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