The Indian residential real estate market has grown at a rapid pace over the past few years. With revised government policies, today every person can afford a household expenditure whether it is single or family. However, when it comes to acquiring a property, most buyers get confused about whether to invest in a 1 BHK apartment or a 2 BHK.
A 1 BHK is priced significantly higher than a 2 BHK, but if we
evaluate market trends and other factors, a 2 BHK is more pocket-friendly and
cost-effective. So, have a look at some of the benefits that a home buyer can
enjoy while buying or investing in a 2 BHK flat:
Cost-effectiveness: If you go by market value, a
1 BHK apartment costs a lot less, but doing a little bit of market research will
help you understand that buying a 2 BHK flat will be more cost effective than a
1 BHK.
For example, an A1 BHK apartment in Noida Expressway is
somewhere between Rs 22 to 25 lakhs, while a 2 BHK cost starts at Rs 30 lakhs.
So, just by applying some money, you can get more space, room space and a
better unit for your family. The price chart is similar in cities like
Hyderabad, Bangalore and Chennai.
However, if you take a
little more out of your pocket and move to other cities like Gurgaon or Mumbai,
you can get a luxury 2 BHK unit with unique features. Because of this, many
potential property buyers wait and save enough money to save their money.
Market Availability: With the implementation
of new policies such as affordable housing in the real estate market, a
mid-segment working professional can think of buying a 2 BHK apartment at an
affordable price. Apart from this, developers are also launching 2 BHK units as
the demand is more than 1 BHK in the market
Spacious: A 2 BHK is roomier than a single BHK apartment. You have larger rooms and more outdoor space. Many times, many developers combine a child's room or a study room to give the 2 BHK unit a big boost. It becomes easy for you to adjust the furniture and plan the home decoration items accordingly.
Future plans: Most individuals want
to buy a home when they settle down with their family or plan to have one. At
this time, buying 2 BHK is always measured as a decent alternative as it is in
the future. As your family grows, you need a bigger place to live. A solo BHK
is good for a single person who has just started his professional career.
Returns and Profit: 2 BHK apartments are ideal investment options considered by medium-sized families or nuclear families. Philosophically, for a long-term objective, investing in a 2 BHK property is definitely the best thing you can do to get a better return on investment (ROI).
