There has been an increase in demand for 2 BHK in India's real estate market as it has become the preferred choice of many home buyers. So much so that developers, especially those in the affordable housing segment, are now offering more such flats than ever before to suit buyers' preferences and budget constraints. In this report, we will look at how and why 2 BHKs have become popular across the country.
this property offers 2 BHK apartments, individual houses for sale, rentals, and buying. According to a recent report, the majority of Indian buyers are looking for two-bedroom homes.
Research by Anarock Research Group discovered that across Indian cities, people from the service class are buying the most homes. (including Mumbai, Delhi NCR, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune), they are 68% of homebuyers. Following at 18% are people from the business class and 8% are professionals.
It is also reported that 79% of the demand is for mid-to-high-end units, ranging in price from Rs 40 lakh to Rs 1.50 crore.
It is estimated that 37% of the demand for mid-segments costing between Rs 40-80 is recorded in the segments that cost about 80 lakhs to 1.5 crores. Within seven cities, 10% of homes costing less than Rs 40 lakh were in demand; 1% of homes costing more than Rs 5 crore were in demand.
Clearly, the market seems to be a buyers' market as stated by the chairman of Anarock Group, Anuj Puri.
'Post reform and the pandemic, the markets have become driven by end-users since prices have remained range-bound for a considerable period and investors and speculators have been largely eliminated,' says Anuj Puri, chairman of Anarock Group.
It is estimated that 90% of the housing market is driven by end-users.
Real estate demand is dominated by apartments with two bedrooms, a hall, and a kitchen. The two-bedroom apartment is any day, a good investment, especially for nuclear families. According to the size of the family and budget, a specific area size can be selected for a 2 BHK.
As we talk about investment in 2022, there are several key trends to watch out for, such as inflation, rising interest rates, and single-family rentals.
If you are a first-time buyer or want to know where to buy a flat in Bangalore 2022 or where to invest in Bangalore in 2022, then you are at the right place.
The following are the fastest-developing areas in Bangalore
The Whitefields
The Banashankari
Layout of HSR
Electronic city
Abelandur
There was good growth in the above-mentioned areas in 2021, making them the best areas in Bangalore to buy flats, and the trends indicate that they may still be good areas in which to invest money even in 2022. As a result, despite pandemic exigencies, real estate has experienced reasonable growth in recent months.
To learn more about Bangalore's upcoming areas, please read this blog entitled "BANGALORE 2022: 5 BEST PLACES TO INVEST."
Investors who understand the trends accelerated by the Coronavirus and also know how to take advantage of them will have a good year in 2022. If you are thinking about buying, renting, or purchasing a business, you should keep an eye on the trends and how they evolve. To better understand the real estate sector's steep hike, read the news article.
Here is information regarding the best places to invest in property in India in 2022, including Bangalore and other cities.
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