Demand Rises for Studio Apartments in Delhi-NCR

A rise in the demand of Studio Apartments has been witnessed in the IT neighborhoods of the national capital Delhi. Main reason behind this can be considered as the young working professionals’ style of living. These Studio Apartments are built with all the facilities that this young work force of India needs. 

The Studio Apartments are basically one roomed apartments with in-built Living Room, Bedroom and Kitchen in decent area. There has been provided everything that a person need, in only one large room. Sometimes Kitchen is built separately from the main living area. These apartments are considered to be the best for Bachelors and that is why these apartments are also called as the Bachelor Apartments. These apartments come with features (modifiable) such as Library, Studio for Photographer, Lawyers’ Cabin, Doctors’ Cabin, etc. One can consult the architect/interior decorator of the builder to get their apartment modified. Sometimes furniture are also provided with these apartments. In short, these Studio Apartments are very easy to dwell and this is the main reason bachelors look for these units.

As the work professionals are either bachelors or living in with friends or partners, they look for these efficiency apartments. Yes, these apartments also very much affordable and easy to live. The privacy and security is also a major concern for buying these Service Apartments. Normally, built in an area range of 300-500 sq.ft.  these apartments are priced between a range of Rs. 3000 – Rs. 3500 per sq.ft.

Some people consider these apartments as an investment. They buy these Studio Units and rent these apartments to the bachelors or single people looking for one room set flat. They earn about Rs. 5000- Rs. 7000 per month from these apartments. In some cases( such as posh locality) the rent is charged much more than the normal rate. 

As the demand has risen, the real estate builders also have left no stone unturned in maintaining the supply chain of these Studio Apartments. There are being launched many Studio Apartments with world class facilities and amenities in the National Capital Region around Delhi. According to a market survey, there will be an availability of about 9000 Studio and Service Apartments in the NCR in coming 2 or 3 years. Some developers are coming with attractive offers like Assured Returns that attract them to make investments in the Studio Apartments with a positive hope of earning profitable returns. Wave, 3C and Logix are a few names that have proposed such offer in the NCR.