These days studio apartments are one of the emerging trends in the real estate of Noida and considering the growing demand for such homes, especially when urbanisation is increasing at a massive rate, and rural population of the country is shifting its base to urban cities, the real estate developers are keener on developing serviced studio apartments. Built over an area of about 500 sq ft, these apartments consist of one bedroom with a dining-cum-drawing room, small kitchen and a bathroom. These studio apartments in Noida are fully furnished with professionally managed services like food, laundry, cleaning, car parking, common electronic gadgets like TV, refrigerator and Internet, and all these within 10-15 lacs – quite realistic!
With property rates skyrocketing in most of the areas in Noida, buying a home has really become a costly affair. Moreover space also has become a major constraint for developing newer avenues for the developing sectors. Consequently the outset of studio apartments in Noda has really proved to be a great rescue for all those looking to purchase a small house but at a prime location. Basically this sort of properties are westernised concepts brought to India by the developers so as to cater to the needs of common people who are looking for small investment yet a proper house in metropolitan cities.
Presently, Studio Apartments in Noida have become a craze amongst the single workers as they do not want two- or three-bedroom sets, mainly from the IT and ITeS sector, with good income and transferable jobs or people migrating from the rural areas to the urban areas, especially because it demands less investment. Moreover, Noida being an upcoming educational hub, the model of studio apartments are considered suitable for the students also.
Investment in studio apartments in metropolitan cities is a wise option for long term capital gains but again, location is always an important aspect so that should be kept in mind, and one must also ensure that the surrounding area is a workplace hub so that will guarantee a strong flow of tenants or buyers. It is expected that these studio apartments would bring in good return of interest in the next 3 to 5 years. Shorya Agarwal of REMAX Pro Vantage, a realtor, states, In next 2 to 3 years, these studio apartments will fetch an annual rental return of 9 to 12 percent.
If you are a bachelor or a family looking for such decent accommodation in Noida at a realistic price, then contact us at BOP, Indias leading Real Estate Consultants, and we will help you fulfil your desire.