Huge Demand for 2 BHK Flats In Bangalore

It is not hard to believe that Bangalore was once a pensioners’ paradise. Irrespective of the virtual implosion that the city has witnessed both due in terms of population and the vanishing of the once cherished green cover, the weather in the city has always remained salubrious.

Bangalore is now one among the largest employment driven city in the country and has been attracting job seekers from all over the world. From IT and its ancillary services, from rubber to real estate, the capital and the biggest city of Karnataka has been hosting all the possible industries.

The several employment opportunities have therefore driven the demand for residential space. There is therefore a proportional growth of both the commercial and the residential space in the city. The demand for residential space is driven by two sets of people. The first set are those who are seeking a shelter above their heads and the second are those who have made an investment seeking returns- short term rentals and long term resale value.

The demand for the smaller one BHK or the bigger three BHK apartments persist, but home-buyers across a cross section prefer to own a two BHK apartment. While people welcome larger space, the affordability is making the people pitch for the 2 BHK apartments even though the families are nuclear.

Further, the realtors and the home-buyers see a persisting demand for two BHK apartments in the days to come. It is therefore that people making an investment in real estate look to buy a two BHK apartment and generate rental income from it. The two BHK apartments are seen to give best returns after a period of ten years and thus people go forward with their pecuniary plans and are wishful that their investment plans see the light of the day.

Every one prefers a 2 BHK apartment since the investment that is vetted on the property is initially small. The investment made on a well provided two BHK apartment is deemed far better than a bare three BHK apartment. People have developed this tendency to walk into an apartment that has the features and the amenities since this is the need of the hour.

Very few people can actually afford a well furnished 3 BHK apartment that has been well furnished. This sort of affordability is still out of reach of the average working class family in the city. The rise of the two BHK apartments has also reduced the demand for independent houses. A steady increase in crime and robbery has made people seek security in place of comfort. The apartment complexes boast of the best security possible including CCTV surveillance that keeps such elements at bay.

Further, the apartment complexes come with all the facilities and amenities that are not possible in independent homes. The ability to access a swimming pool, gym, children’s playing area, nursery and the clubhouse all under a common roof is not possible in an independent house. These are facilities that must be individually sought for and attract huge sums of money.

Two BHK apartments are presently the crowning glory of the city of Bangalore!

Smaller homes in Noida

Delhi is not only the political and administrative capital of the country, but also the unofficial capital for prominent industries and businesses. Real Estate is one among those businesses that operate with Delhi or the neighboring National Capital Region (NCR) as its headquarters.

The location of the real estate companies has been strategically chosen as Delhi since it works favorably during the process of lobbying and generates decisions in the interest of real estate. These companies are also located so, since the majority of the real estate work is carried about in Delhi and its vicinities.

Amiable employment

Noida, an integral part of the NCR is one of the prime hubs in the realm of real estate and infrastructure. The favorable business climate of the National Capital Region has been effective in enticing investment both from within India and abroad. Hence, Noida has managed to achieve the pinnacle of success and has been among the principal destinations for job seekers.

Noida has been that one destination where careers are launched and provided with a pedestal. The success story of all those who landed in this city with mere degrees and later settled down to six figure salaries have percolated to their towns. It has therefore become one of the pristine destinations that are high on the list of job seekers. It is estimated that thousands of youth land in Noida on a daily basis in search of suitable jobs.

The presence of several companies, both startups and well established has resulted in a number of people being employed in Noida and seeking suitable accommodation. Taking into consideration the career options that are available in almost every vertical, people wish to settle down in Noida.

Smaller families and escalation of real estate prices

However, owing to the nuclear families and also due to rising cost of real estate, there is a demand for smaller houses in Noida. People who are unable to buy homes in Delhi are looking to Noida as an investment option. The prevailing trend among people is to buy a 1 bhk Flats in Noida.

Some of the newer projects therefore have been concentrating on the development of the smaller homes along with an attempt to provide utmost facilities. It is owing to this reason that many of the major realty developers have been actively involved in the development 1 bhk flats or studio apartment type accommodation.

Future vision

With an eye on the near future, where affordability and high prices are likely to be the key factors, the purchase of 1 bhk apartments or houses is likely to fetch the best returns.  People from all over India and even abroad have been seeing Noida real estate as the bowl of investment and are therefore moving forward to making an investment in the smaller apartments in Noida.

Finally, investors are unsure about the returns on their investment and would therefore like to play safe. It is thus that investment is being made on a smaller scale since the capital involvement is lesser.

The general trend now in India is towards the purchase of smaller homes. 

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