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Showing posts with label Affordable housing. Show all posts
Showing posts with label Affordable housing. Show all posts

Monday, March 5, 2018

Homeowners look out for apartments that has low maintenance and provides long-term benefit. However, the real estate market is fluctuating, and it becomes difficult to decide where to invest. Home-buyers have three options for investment, 1 BHK, 2 BHK and 3 BHK, and you can also go for Duplex.

 The developer, area and location of the apartments determine the price. It is also dependent on the size of the family. Depending on the number of members and affordability, you need to determine the size of the apartment. While small families with low incomes buy 1 BHK apartments, larger families with a higher income go for 2 and 3 BHK apartments. However, you should know, that 2 BHK apartments are the best option for you. Although you can buy 1 BHK and 3 BHK apartments, they do not provide the same benefits that you can get from the 2 BHK apartments.

Also Read: The Real Estate Market Trends-in 2018



Usually the low-income groups go for the 1 BHK apartments. The values of these apartments are not too high, regardless of the location. The small builders deal with 1 BHK apartments and normally, these are purchased by the end users. Going by the price, 1 BHK apartments lag behind other apartment sizes. Investors usually go for 2 and 2 BHK apartments. Therefore, you might find it difficult to sell off the property.

 The values of 3 BHK apartments are much higher, and they cost much more than 1 and 2 BHK apartments. People from the higher income groups usually purchase these apartments. These are purchased by the richer class, who want more luxury and space. The rental value of these apartments is much higher. The prices of 3 BHK apartments are about 50% higher than 2 BHK apartments, but they generate only 20% more rent than 2 BHK apartments. Therefore, if you are willing to rent off the homes, it is wise to go for 2 BHK apartments. 

 The 2 BHK apartments have a greater target audience, as small families or nuclear families usually buy these homes. Evidently, these apartments turn out to be the ideal choice to invest in. These are also suitable to be rented off.

In terms of affordability, 2 BHK apartments are a better choice than 3 BHK apartments. Besides, you can easily sell them off, as they are affordable. Besides, the prices of 2 BHK apartments depend on the location of the area. The location advantages play a key role in determining the prices of these apartments.

Also Read: What Makes Sohna Road in Gurgaon an Upcoming Real Estate Hotspot?




People seeking homes for rent are more likely to go for 2 BHK apartments, given that 1 BHK homes are too small for a standard family and 3 BHK homes are too luxurious. Therefore, it is wise to go for 2 BHK apartments, when you make the purchase.

Thursday, January 18, 2018


The year 2017 was the most eventful year for real estate sector in India. The demonetization drive launched by our honorable Prime Minister Narender Modi ji in November 2016 had a cascading impact on the following months, while implementation of GST and RERA Act has created a wave of change in the realty sector.  

Some of the major trends that are expected to reshape and redefine the real estate industry in 2018 are:

Livability and quality of life are the deciding factors

Irrespective of the price range of any project, homebuyers do not want to compromise on the factors affecting their livability and quality of lifestyle. Today homebuyers look for sufficient parking facilities, convenience stores, parks and well-lit campus as a basic necessity. These factors should be there in the Real Estate Property inIndia which is priced below 25 lakhs. As the price moves up, buyers look for several recreational activities like clubhouse with gym, swimming pool and other amenities in the development.

The evolving real estate consumers

The traditional realty industry believed in creating the product with the limited customer-relevant attributes and with no importance on luxurious amenities and customer choice. The marketing efforts were also low. But, time has changed completely now and this created a new industry. Consumers today seek value not only for money, but also for the facilities and luxurious lifestyle. This is setting a whole new level of customer’s expectations and the developers are also elevating their capability in fulfilling their expectations.  

The buyers today are tech-savvy in their day-to-day life. Everything is driven through smart technology from communication to transportation and from buying to banking, even groceries. The top developers are providing consumers with high-tech modes of technology for their homes, making the customers’ life simple and their communication with developer easier. 

Affordable Housing

During the second quarter of financial year 2017, home sales across the major cities in India have witnessed a decline of more than 18 percent as compared to previous year. These cities are Bangalore, Chennai, Ahmedabad, Gurgaon, Hyderabad, Kolkata, Mumbai, Pune and Noida.
At the same time, Gurgaon city witnessed a change in demand completely slanted towards Affordable Housing Gurgaon units priced in the range below 25 lakhs. There is recorded improvement in sales during the same period. It is expected that there will be a major change in Real Estate sector with affordable housing projects in the coming year.

Configuration 

In order to keep the prices of property within the budget of buyers, developers may shrink the sizes of the housing units in a way that it caters to all the major demands of most of buyers without compromising in the configuration.  In recent years, the apartment sizes have reduced in the cities like Mumbai and Bangalore by 12 and 30 percent respectively. This is one of the ways, the real estate developers are striving to keep the prices of property stable and maintain the buyer’s interest.

Although these major trends have evolved during the recent years and it is expected that same would continue further in the Year 2018.