Nabil patel director db realty advantages of buying small homes in mumbai

2.  In the bustling metro-city of Mumbai, owning a home is a luxury. Perhaps, real estate business is the largest commodity within the city. Surprising as it may sound; even owning a 300 sq. ft. home within the city is a big deal. With people flocking to the big city of Mumbai in search of occupation and following their dreams, small flats and studio apartments have gained a lot of momentum off- lately. The good thing is the construction of these small flats and studio apartments is supported by real estate giants including the likes of Nabil Patel, Director, DB Realty Nabil Patel, Director, DB Realty.  Limited space and morbidly high property prices in the metro-city have propelled the growth of small housing units. Interestingly, Mumbai is perhaps the only city in India which accommodates people from every income group and that makes the housing situation in the city even more strange.

3. Most of the migrants move to Mumbai in the hope of making a flourishing career. Hence, even if they are moving into a studio apartment, they make sure that their basic amenities are looked after.  If we go by standard rules of small homes then 1 BHK, 1.5 BHK and studio apartments fall in this category particularly. Demand for studio apartments has been constant and grown by a substantial amount over the years. It is no surprise that real estate giants like Nabil Patel their money into such projects. Nabil Patel of DB Realty are willing to put  For some people living in sluggish economic conditions is non-negotiable, which is why small homes come across as a great option to live in the right environment without putting much pressure on your pocket. Since living in the city is quite expensive, most immigrants prefer to live on rentals instead of owning a home. Thus, the demand for small homes is very much stable and some of them are particularly located in areas that offer location-based benefits such as power backups, kids’ play area and provision stores. The amenities differ from one locality to another; some may just have some basic provisions while others may offer fine facilities like landscape garden, gym, and even a swimming pool.

4.  Interestingly, it is not just some of the development areas but many prime locations in Mumbai are witnessing an increased demand for studio apartments and small homes. Many real estate developers are interested in developing these small housing localities in Chembur, Kurla, Mulund, and Govandi. Cost of these residential units is decided as per the location and future prospects of property prices.  These small housing units might be limited in terms of space but they offer huge market benefits at the same time. Also, a lot depends on the locality of the house.