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Did you ever think that the smaller apartments will be selling like hot cakes?
In the present real estate scenario, the utmost demand is for 2 bedroom (2 BHK) apartments and the supply is going well along this demand. That’s the reason why few real estate developers are asserting that 55-60% of their current inventories of their ongoing projects are 2BHK flats.
Developers think that as today most of the home buyers are young salaried or self-employed people so 2 BHK is turning out to be the best ever moving option. They also add that as these first-home buyers are just starting their careers and marital life so adding 55-60% of 2 BHK apartments will surely boost the project sale.
The middle income group nuclear families are the ones who are creating the maximum demand for the 2-bedroom flats in the market. A 2-BHK home seeker normally comes from a middle-class salaried employee hailing crossways almost all sectors, including government employees, school teachers, or employed in the BPO, IT, banking and service sectors.
Some developers also opine that this section also comprises of middle-level self-employed professionals. A characteristic 2BHK home seeker is lured by the affordability tag that comes along with such apartments because the end user has to pay a lower EMI. He is expected to spend his life as in a nuclear family with small kids where they do not need a third bedroom so there is no need to add on the extra cost.
Many renowned developers active in the Delhi-NCR region were aiming at constructing luxury high end apartments but now they are concentrating on the smaller-units type. The young generation is staring out their life in their own dream homes as they know that their parents’ generation has retired in their own home. That’s the reason behind mushrooming of affordable housing projects in the National Capital Region of Delhi.
This is the same story elsewhere in Big metro cities like Bangalore, Hyderabad Chennai Pune, Mumbai where developers are targeting young mobile generation who have left their parental home back in search of better job opportunities in these big cities.
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