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Housing sales in 7 cities surge 29%, highest reported in Hyderabad: Anarock

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

Residential property sales: Top 7 cities residential sales surge 29% in Q1, surpass pre-Covid 19 levels
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Welcome To IANS Live - BUSINESS - Studio apartments supply in 2020 drops for 1st time in 7 yrs

It noted that until recently, millennials were consistently driving up the demand for studio apartments in the top seven cities, to such an extent that, over the last seven years, developers customarily offered this configuration in their projects.

Studio apartment supply falls as Covid makes people stay at home: Study

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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