One Bedroom Flats on High Demand in India - Page 2

One Bedroom Flats on High Demand in India

By siliconindia   |   Monday, April 22, 2013

This one bedroom apartment segment is mainly dominated by mid-segment developers but now several prominent players are showing interest to enter in this segment. Players like Rustomjee Group, Marathon Realty Hubtown and several other developers are trying to launch apartments under this category. Although, small houses give lower margins, the demands for such houses making developers launch more projects under this option.

"Margins in this segment are low, but given the high-volume play, many developers are moving back into this as a sure-fire sales proposition, with almost instant absorption if the location is right. This provides them with instant working capital," said Om Ahuja, CEO -Residential Services, Jones Lang La-Salle India, reports Economic Times.

"Right now, turnover of such smaller apartments is high. Developers are also facing tight liquidity situation, therefore this is the best available solution for improving liquidity rather than depending on private financiers," said Manju Yagnik, Vice Chairperson of Nahar Group.

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