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SP realty arm treading a cautious path, to scale down 3BHK flats in Mumbai

Six months ago, it was looking at increasing the number of three-bedroom apartments by 5 per cent

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Gopalakrishnan said the demand for three-bedroom apartments will grow in the second phase of recovery after a prolonged nationwide lockdown to contain the spread of the novel coronavirus

Raghavendra Kamath Mumbai

3 min read Last Updated : Nov 16 2020 | 1:13 AM IST

At a time when the sale of larger homes with study rooms and outdoor areas has picked up due to work-from-home becoming the new normal, Shapoorji Pallonji Real Estate (SPRE) is looking at cutting down the number of three-bedroom apartments at its upcoming projects in the Mumbai Metropolitan Region (MMR).

Six months ago, it was looking at increasing the number of three-bedroom apartments by 5 per cent. Around 50-60 per cent of its residential portfolio comprises two-bedroom apartments; 20-25 per cent being three-bedroom apartments.

“We are cutting down the number of three-bedroom apartments in Thane and Mulund. We want to

Topics : Shapoorji Pallonji Shapoorji Pallonji group Real Estate

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