High demand for 1 BHK flats in India
One bedroom apartments are on high demand in India. Earlier people were of the mentality that one bedroom apartments are only for lower income group, which is no longer true. The category of buyers for 1 BHK apartments has changed with times.
The average buyers of such apartments in Bangalore are newly wedded couples, single professionals or double income families. Moreover, in this busy lifestyle, people find that small houses can be maintained easily.
With the uncertain job market and the increasing property prices, citizens are opting for one bedroom apartments to maintain the budget. Compared to bigger apartments, smaller homes come under affordable price range.
Earlier, because of job security and good increment, the same group of home buyers used to focus on buying bigger or luxury apartments. But the real estate market scenario has been changed since then and several changes have occurred. Keeping the rising real estate price in mind, these home buyers have shifted their focus from luxury homes to small apartments in Bangalore.
Mid segment developers mainly dominate one bedroom apartment segment, but now several prominent players are showing interest to enter in this segment. Developers like Rustomjee Group, Marathon Realty Hubtown and several other developers are planning to launch apartments under this category. The profit margin from one bedroom apartments are very less but as the demand for such housing in India is high, developers are launching more projects under this segment.
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1 BHK apartments in Bangalore, Apartments in Bangalore, Luxury homes in Bangalore, Marathon Realty Hubtown, properties in Bangalore, Real estate bangalore, Residential real estate
