|
|
|
Average flat size increases in top cities in 2020: Report
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 23 Jan, 2021
In a major trend reversal in the post-Covid world, the demand for bigger homes has increased across the top cities of India.
Data
released by Anarock Property Consultants shows that average apartment
sizes in the top seven cities have risen by 10 per cent on a yearly
basis, to 1,150 square feet in 2020 from 1,050 square feet in 2019.
The trend in past four years trends indicate that average apartment sizes were reducing y-o-y since 2016.
The
average apartment size is highest in Hyderabad at 1,750 square feet
among the top cities, around two-times bigger than that in Mumbai
Metropolitan Region (MMR) where, at 932 squre feet, average size
continue to be the lowest.
MMR nevertheless saw the maximum rise of 21 per cent in 2020.
Anuj
Puri, Chairman of Anarock Property Consultants, said: "The two main
reasons for apartment sizes reducing in previous years were
affordability and millennials' preference for low-maintenance homes.
Keen to generate more buyer interest with smaller price-tags, developers
whittled down their flat sizes."
"2020 saw an almost immediate
reversal of buyer preferences. With the accent suddenly being on
accommodating the WFH and learn-from-home culture, flat sizes began
increasing for the first time in four years," he said.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|