The latest stats show that the home sales in Mumbai are soaring above the past numbers convincingly. Despite the city’s reputation as having one of India’s most expensive real estate markets, more people are looking to buy a home in Mumbai in this economic recovery phase. And that’s no surprise, as the government introduced the lowest home loan interest rate in decades, and developers are launching exclusive offers to make this a buyer’s market.
In such opportune circumstances, you would want to buy a new home. But are faced with the 1 BHK Vs 2 BHK flats in Mumbai dilemma. At first glance, you might want to go with 1 BHK flats owing to their affordability (& sometimes, a tight budget).
Is buying 1 BHK flats ideal compared to 2 BHK flats in Mumbai? Not really. In fact, 2 BHK flats for sale in Mumbai are a better investment right now, and here’s the proof of it.
Regarding market value, 1 BHK flats cost a lot less than 2 BHK flats in Mumbai. But when you overlook this obvious conclusion and do market research, you will realise that 2 BHK flats are more cost-effective. Because when you compare the additional investment with the spatial advantage and go over future contingencies, the gains are far better than those of 1 BHK flats.
If you believe that 1 BHK flats have space enough and fit your current budget the best, take a moment to acknowledge the fact that a home is a long-term investment. What seems like ample space now may make you feel cramped in a box when marriage and family expansion come into play. Therefore, if it’s a permanent investment you’re going in for, then 2 BHK flats in Mumbai are perfect as they’re spacious enough for most families.
Their target market is vast—covering both bachelors and families—so it’s quite easy to locate awesome 2 BHK flats in Mumbai. NG ECLAT, Andheri (West) hosts the most sought-after (OC Ready) luxury 2 BHK flats for sale in Mumbai. The 37-storey edifice lets you luxuriate in world-class amenities, a bird’s eye view of the city and an eclectic lifestyle.
The vast target market size also means that 2 BHK flats are easy to rent out and sell should you favour such arrangements in the future.
Real estate in Mumbai is amongst our country’s most desired, and with the market expanding every day, there’s a huge demand for rental flats. It’s either nuclear families looking for a home upgrade or migrants looking to move into a quality residence. Both the class of homebuyers favour 2 BHK flats. This trend has quite a long run ahead, so to reap excellent returns, buy a 2 BHK flat if you intend to rent it out.
2 BHK flats in Mumbai enjoy higher capital appreciation over time, especially when they’re located in prime areas cause of their great demand. It may so happen that you’re more likely to find a good deal for selling a 2 BHK flat than a buyer for a 3 BHK flat. An investment in 2 BHK flats thus far tops practicality over 1 & 3 BHK flats and would bring in a higher resale value.