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March 03, 2021
× As the residential market recovers from Covid-19 impact, two-bedroom, hall, kitchen apartments continued to be the most preferred configuration among Chennai’s home buyers in 2020, according to the data available with online real estate brokerage firm PropTiger.com.
“2BHK units claimed a 47 per cent share in both new supply as well as sales in the city. The key reason is that the average rate of new properties in Chennai stood at ₹5,228 per sq ft at the end of 2020, claimed the report.
This comes at a time realty players and analysts have been indicating that 3-BHK units has become more popular in some markets in the aftermath of the Covid-19 pandemic that has forced work-from-home culture.
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