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Housing sales in 7 cities surge 29%, highest reported in Hyderabad: Anarock
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Residential property sales: Top 7 cities residential sales surge 29% in Q1, surpass pre-Covid 19 levels
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Housing projects offered fewer studio apartments in 2020 due to the coronavirus pandemic, reversing growth in the segment, said a study on Thursday. Of the 884 projects launched in 2020 in seven major cities, 130 offered studio apartments (a 15 per cent share). As many 1,921 projects in 2019 offered 368 (19 per cent share) studio apartments, said Anarock Property Consultants. A studio apartment has a single large room that doubles up as a living room, bedroom and a kitchenette. “The studio apartments trend so far can be clearly plotted. Out of the total 2,102 projects launched in 2013 in the top 7 cities, just 75 projects (or 4 per cent) offered studio apartments. The share increased to 5 per cent in 2014, followed by a y-o-y increase in the overall share of projects offering this configuration.
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