A few years ago, when one imagined a 2BHK or 3BHK flat, it was typically in the 700 sqft to 1,200 sqft size range.
While the bedrooms in a 2BHK would be less than 150 sqft each, the remainder of the space would be taken up by the living area, which would contain a small nook for the dining table and the kitchen. A 3BHK Apartment in a city of the same size would be suitable for clients looking for economical and budget housing options.
However, with rising income levels, low-interest rates on home loans, and a growing need for additional space, this pattern appears to be changing. Consumers are now eager to purchase larger flats, which may contain a lot larger living area with some space for a workstation and a larger kitchen area. Residential home buyers frequently express a need for a larger bedroom.
Greater ambitions necessitate larger living areas
When I first started my profession, around 15 years ago, we bought a two-bedroom apartment in Secunderabad that was about 800 square feet in size. We assumed it would be more than adequate for our three-person family. However, as our level of living increased, we realised that, while the bedroom proportions were adequate, we required more space in the living spaces and kitchen. So, four to five years ago, we moved to a larger space with two bedrooms, although the apartment was larger than 1,000 square feet. This extra 200-plus square feet made a significant difference in our space utilisation and needs, says Kshitij K, a 40-year-old private sector employee.
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As people advance in their careers, they desire to move to larger accommodations, usually from a 2BHK flat to a larger 3BHK apartment. They require a larger living room and kitchen, as well as a corner that may be used as a workspace. Most of these apartments have an average bedroom size of 150-200 sqft, as well as a living, kitchen, and dining area. Some of these units also contain a communal area of roughly 250 square feet as part of the flat size. The typical apartment size in Hyderabad for a 3BHK is roughly 1,400 sqft, says GV Rao, head of the Telangana Developers Association.
Adapting to changing customer requirements
In response to the increased desire for more space in the post-Covid world, Knight Frank India’s branch director-Hyderabad, Samson Arthur, stated that homes have become more significant, and there is a growing attraction for larger areas.
There is a yearning for larger dwellings and larger sizes. While some customers like huge rooms that can also serve as a workspace, others prefer larger balconies that are considered a luxury for them. While a 1,200 sqft apartment in Hyderabad’s Western Corridor may be a good starting point, in the Eastern Corridor, a 1,200 sqft apartment may be the largest in terms of the 2BHK offering. As a result, it is exceedingly subjective, he explained.
People are also moving to the city’s outskirts to live in greater places due to a lack of affordable and budget housing.
Even while living with parents and children, people want to relocate to larger spaces. Previously, if an 850 sqft 2BHK was favoured, consumers are now looking at 3BHKs that can go up to 1,400 sqft. According to Kalisetti Naidu, real estate space expert at Yards and Feet Property Consultants, “the rise in luxury living has also propelled the trend toward larger residences.
A large amount of space
According to a recent 99acres.com analysis on Hyderabad Residential Market Outlook, Hyderabad sold over 11,000 units in the fourth quarter of 2021 alone, with the majority of sales concentrated in large-spaced apartments — 3BHK units averaging 1,500-2,500 sq ft.
The average unit size for 2BHK apartments in micro markets like Miyapur, Manikonda, and Nizampet was 1,040-1,070 sqft, 1,000-1,100 sqft, and 1,050-1,080 sqft, respectively, according to the survey. The average unit size for 3BHK apartments in Gachibowli, Kondapur, and Kokapet was 1,170-1,250 sqft, 1,750-1,800 sqft, and 1,440-1,500 sqft, respectively.
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