Saturday Brain Storming Thought (169) 29/04/2023
STUDIO APPARTMENT
The Studio Apartment is an apartment with a single room
A Studio Apartment typically consists of one large room that serves as the combined living, dining and bedroom, only the washroom is separate
Minimum size of Studio Apartment
39 Sqm with a bathroom, or 37 Sqm with a shower room
Ideal proportion of room is 1:1.6:2.6 (height x width x length)
Studio Apartment is based on TV the theory of optimum space utilisation
Advantages of living in a Studio Apartment
1) Affordable
2) Time saving ie easy to clean
3) locational advantage
4) ergonomically designed
5) Cost effective as minimum furniture is required
6) environment friendly
7) less dept and easier to resale
8) open floor plan
Disadvantages of living in a Studio Apartment
1) lack of storage
2) not suitable for gatherings
3) small may not be beautiful
Ways of making studio Apartment to look luxurious
1) set out fresh floors
2) decorate your walls
3) style your surfaces
4) add faux fur
5) choose your own lighting
6) stock a snack bowl
7) create a pleasent scent
8) lay down area rugs
9) make your bed
10) embrace minimalism
City wise Rental Yields for year 2022
Gurgaon 3.7%
Noida 3.4%
Delhi 2.6%
Pune 3.5%
Banglore 3.9%
Mumbai 3.8%
Navi Mumbai 3.2%
Thane 2.9%
Worthiness of investing in studio Apartment
1) good resale value
2) high capital appreciation
3) great source of Rental income
4) low cost option for property developers
Statistics confirm about studio Apartment
According to Deloitte reports
Around 30500 units are tagged below Rs 10 lakhs, had been put in motion in 132 projects accross India in last 2 years
In metro cities, small units sell 25% faster than bigger units
Compact size of Studio Apartment are the perfectly designed units for the low income households
High net worth individuals prefers to purchase small units instead of lending large units
Studio apartment with assured rental income nearly around + 7%
Reasons of rise in demand of Studio Apartment
1) increase in number of students and young professionals
2) disintegration of the joint family system
3) young professionals many times tend to switch jobs and homes more often
4) developers offer high tech solutions
Demand of Studio Apartment in real estate projects
Year 2013 – 4%
Year 2019 – 19%
Year 2020 – 10%
Demand for Studio Apartment shrinks in pandemic shift
Challenges of studio Apartment
1) Limited clients
2) generally buyers prefers in living larger homes
3) studio apartment concept is useful in metro cities generally
Reasons of popularity of studio apartment in future
1) smaller flats are rented faster than larger flats
2) well equipped studio apartment may be first choice
3) demand is increased due to rising trend in tourism
Things to consider when choosing studio apartment
1) decide on a budget
2) check th livable spaces
3) ensure access to infrastructure
4) look for amenities and features
Compiled by:
Er. Avinash Kulkarni
9822011051
Chartered Engineer, Govt Regd Valuer, IBBI Regd Valuer