Apartment sizes reduced across metros: Commonfloor report
CommonFloor compared the apartments launched from 2010 to 2014 in its report “Reducing Apartment Sizes Across Major Metros – A Report” and inferred that apartments sizes have reduced in the last four years. While MMR witnessed a fall of almost 7 per cent during 2011 and 12.4 per cent in 2013, NCR witnessed a fall of 16.5 per cent in 2012 and 15.6 per cent in 2014.
The smaller size apartments fall well within the budget of the home buyers. Taking a cue from this, even developers have started launching smaller size apartments in the key realty markets including Mumbai Metropolitan Region (MMR), Delhi-National Capital Region (NCR) and Bengaluru. As per the report, the overall fall in property sizes was in the range of 1.5-8 per cent across different areas.
With soaring property values, smaller size apartments in affordable price bracket perfectly fits the bill for prospective buyers.
Source: India Infoline News Service | Mumbai | December 01, 2014
Apartment trend in metro cities, Bengaluru, CommonFloor Report, Delhi-National Capital Region, Mumbai Metropolitan Region, Property in Bangalore, property in Delhi, property in Mumbai, Property in Pune, Property sizes in MMR go down, Real estate in India, real estate trend in metro cities, Reducing Apartment Sizes
