Amidst bottoming out realty Industry, it appears that smaller units such as Studios and one BHK are increasingly becoming very popular with Indian end users as well as Investors- as revealed by the half yearly report of Square Yards, India's leading real estate transaction platform.
The report presents a comprehensive Analysis of Indian real estate industry for the first half of 2016, capturing city-wise analysis of the major Indian markets, evolving investment themes, key locations, major policy changes and much more.
The report indicates that studios and one BHK that were once popular in the Mumbai, due to space crunch are increasingly becoming popular across India. The real estate advisory itself has sold over 1500 such units in the recent times in NCR and Bengaluru alone. Similar success has been observed in other parts of India, reflecting the ubiquity of the phenomenon.
The rising trend could be explained on the back of rising involvement of youth buyers, who prefer smaller units as it fits their budget and are convenient to manage and maintain. Many developers are also structuring attractive deals such as assured rentals and guaranteed returns with smaller units. This is further making such units popular with the investor communities as well.
Hitesh Singla, Principal Partner and Head Research, Square Yards said that although real estate reports are not new phenomenon in Indian Realty, what sets apart Square Yards report is that it has been compiled keeping the individual buyers in the mind. The report can offer ample usable insights to help buyers undertake their purchase decisions.
The last six months have also seen proactive initiatives by the Government taking multi-pronged approach to give a big push to the real estate sector in the form of wider policy changes such as, smart city project, housing for all, REITS etc.
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