In this new normal, people are not just. looking for apartments that are more spacious but also looking for more rooms for utility reasons. In all the new projects. an average 3-BHK apartment is In the range of 900 sq ft. Since It is small in size. hence It s easier to maintain. The extra room can be converted into a ‘home office’.
There are two kinds of residential categories that have registered decent buyers' interest- one is homes below INR 50 lakh price bracket and then the luxury homes above INR 1 crore. The demand for 3-BHK and 3-BHK+ has risen significantly in the marKet. while the demand for 2-BHK has fall-en drastically when comparcd to 3-BHK and 3-BHK+.. Talking about the segments that are seeing an increase in demand, Aditya Kushwaha, CEO & director at Axis Ecorp. says, “While affording housing has seen a strong uptick in the last couple of years, there are other segments that have also done well.
The Incentives announced by the government. and lower interest rates offered by the banks have been the mafor contributor in moving the inventory in the affordable segment. In addition to this, the demand for luxury holiday homes has also skyrocketed in the post-COVID-19 world. Due to the pandemic, people have started adding more weightage to health and wellness.”