Residential Real Estate: High Rise Apartments With Bigger Unit Size In Trends

By Author: kamal prakash
Total Articles: 47
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In 2020, the average apartment size was 1,150 square feet, and in 2019 it was 1,050 square feet. In the seven largest cities, there is an average growth of apartments by 10%. With the covid-19 pandemic making working from home new and normal, homebuyers are now opting for larger apartments. The average apartment size increased for the first time in four years in the top seven cities, according to data from ANAROCK Property Consultants. Since 2016, the average size of apartments has been decreasing year by year. 2017 saw the greatest decline. Apartment sizes went from an average of 1,440 square feet in 2016 to 1,260 square feet in 2017, a decline of 13%.

The main factors which were responsible for the reduction in apartment size in previous years were affordability and the millennial preference for low-maintenance homes. Eager to generate more interest for shoppers with smaller price tags, the developers have reduced their flat size. But 2020 saw an almost immediate reversal of buyer preferences. With the emphasis suddenly being to embrace work from home and the culture of learning from home, apartment sizes began to increase ...
... for the first time in four years. Among the top seven cities, the average apartment size is the highest in Hyderabad at 1,750 square feet. It is twice the size of the Mumbai Metropolitan Region (MMR), where the average size is 932 square feet, which is also the smallest among the largest cities in the country.

In comparison to post-Covid-19 situations, home buyers preferences have clearly changed. Now the norm has shifted to larger, multifunctional homes with study rooms. Furthermore, for those with the means, recreational and fitness spaces are also a must. The unprecedented pandemic has had a drastic tangible impact on the Indian real estate sector. An internal company assessment has shown that Hyderabad and Bangalore have the largest number of potential buyers looking for BHK 3 and 4 BHK (bedroom, entrance and In addition, safety concerns caused by the outbreak are driving buyers and tenants to opt for housing in society, where new-age apps allow users to have a safer and more convenient residential experience

However, in terms of percentage increase, MMR saw a maximum increase of 21%. The size of the apartments went from an average of 773 square feet in 2019 to 932 square feet. Pune followed with an annual increase of 12% in the average size of apartments - from 878 square feet in 2019 to 986 square feet in 2020.

Hyderabad Residential Real Estate has a wide range of Apartments Projects with 3 & 4 BHK Units with various sizes with all kinds of modern facilities which would solve the current situation of home buyers. Some of the Location in Hyderabad like Narsingi, Tellapur, Nanakramguda, Manikonda, Puppalaguda are strategic location to invest in residential properties as these locations are in the vicinity of the IT Hubs and well connected to another part of the city through old Mumbai Highway and Outer Ring Road.

Due to the scarcity of land in the city, many builders are developing High Rise Apartments in Hyderabad with wider unit space and world-class facilities. There are around 15 + Premier Apartments in Narsingi, which could end your House End journey if you are looking for a house in Proximity to areas like Hitech city and Gachibowli. As well as these areas are sought after location for residential villas in Hyderabad because of the serene surroundings, well connectivity, less Pollution and more importantly close proximity to IT Hubs.