India is no longer a nation known for having the largest population below the poverty line. The rising income levels clubbed with the after effects of Covid-19, are leading to the belief that the millennials will significantly contribute to home buying in the near future. The affordability of homes has certainly gone up in the recent times. The low interest rates have also been a boost.
Small families, independent working professionals and youngsters are looking at buying rather than renting. They look forward to having smaller homes that they own. These homes are compact and easy to maintain. The cost of maintenance is comparatively low owing to small size of the house.
Mid-sized homes are the easiest to buy or even rent. They have a low-ticket size and come with all the basic amenities that a household needs. This includes a reasonable floor plan, gated community, sports and recreation facilities.
Keeping the work from home culture in mind, maximum buyers when looking for a home, focus on 2BHK or 3BHK homes. These kind of flats usually fall under this category. Mid-sized apartments these days, offer the facility of community halls and garden spaces. These can be utilised by the residents for the purpose of their get-togethers and functions. This way people can get some time off their busy schedules.
Mid-sized homes are definitely on the rise, which is
Mid-sized segment is one of the only segment that gives a combination of both affordability and convenience for anyone looking to have an abode.
Add a Comment