Bangalore sees increasing trend of studio apartments
The demand for studio apartments is increasing. Studio apartments are generally the most cost effective residential options for working professionals who want to own rather than renting.
Studio apartments basically comprise of single large room that include the bedroom, living and dining areas, with small kitchen and bathroom. Studio apartments are preferred largely by bachelors, working professionals and a family of two.
Even today, the demand for studio apartments comes primarily from software professionals and executives from the manufacturing sector who have shifted from their city for long or short period of time. Studio apartments are preferred by them who are willing to pay affordable EMIs ,less maintenance charges rather than paying high rent for flats and service apartments.
There is a steady and inflexible demand for studio apartments in both metros and tier II cities. Studio apartments are always in demand and it is easy to rent out or sell such dwelling units in secondary market. Moreover this kind of apartments generate low maintenance costs and make hassle free purchases as well as resale.
These kind of units are preferred by mid- management level buyers who tend to stay in the cities for extended periods; rather than paying for hotel rooms and service apartments. They prefer to acquire studio apartments and sell them off when moving out.
When there was a slowdown in the real estate market, the only product that continued to see demand were studio apartments and 1 BHK apartments. Studio apartments are one of the fastest moving products in the real estate market. The demand for fully furnished studio apartments is even greater in cities like Bangalore. Many developers are catering to such demand. High demand for studio apartments is also observed in cities like Mumbai, Delhi/NCR, Pune and Chennai.
The size of the studio apartment ranges from 300 sq ft to 500 sq. ft. Project like Ittina Mahavir is offering studio apartments in Bangalore. The price range of such unit falls in the bracket of Rs 10 lakhs to Rs 14 lakhs.
Space is the main issue in such kind of apartments. So one have to be very careful while buying furnitures. One can buy furniture such as convertible sofa cum bed and retractable dinning table. One can also use curtains to divide the single space in to smaller areas. Small changes to a studio apartment can make it look as good as a one bedroom apartment.
Related Real Estate News:
Demand for studio apartments increase
Studio apartments in high demand
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