Developers concentrates on small homes

Reacting to the market situation, developers have started to concentrate on the unmet demand for smaller and affordable homes. Indian metros like Bangalore, Mumbai and Delhi have seen rising demand for 1 BHK flats. Demand for 1BHK apartments in Bangalore went up to 21 percent till the first quarter of 2012-2013 financial year. North Bangalore localities, especially areas like Devanahalli, K R Puram and Hebbal near International Airport have seen most demand for one bedroom flats. Newly recruited IT professionals or working for IT firms I are increasingly looking for one bedroom apartments to settle down.
In Delhi, well developed localities like Indirapuram are witnessing a high demand for 1 BHK apartments. Professionals working in Delhi, Noida, Ghaziabad, etc are looking to settle down in small homes in the area. The market is mainly end user driven, who prefer to pay bank loan rather than paying rent.In Mumbai, market for smaller homes have traditionally been in more demand than cities like Bangalore. Apartments in Mumbai suburbs like Andheri, Mulund, Malad, Chandivali, Belapur and Panvel have seen a great number of launches of 1 BHK apartments by well known developers.
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