One Bedroom Flats on High Demand in India

Gradually, this one bedroom segment is making a comeback which was a big success back in 80s and 90s until the economy provided opportunities and attractive salaries. "Buyers are very cautious right now, they are buying smaller units. The mindset is similar to pre-1995 when homebuyers were not willing to stretch themselves as confidence about their income levels was low," said Mayur Shah, MD, Marathon Group.

"Ultimately, budget plays a very important role in this decision. Realty prices have been going up for long making it unaffordable. Buyers are not sure if their salaries will rise in the same fashion as they did earlier," added Shah, on the recovery of one-bedroom units.

"But now, more and more developers are launching such apartments in their city projects as young professionals and nuclear families with both earning members are willing to pay that extra to avoid long commutes," added Yagnik.

One-bedroom apartments were found in metros like Chennai, Hyderabad and Bangalore, but now Mumbai is also witnessing increasing number of small housing unit launches.

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