In affluent metropolis like Mumbai, more than anything else, space is the largest luxury as far as real estate is concerned. Owning a home in this city is not feasible for every homebuyer, in fact having 300 sq ft home of your own is also a big deal. Thus small flats and studio apartments are gaining a lot of momentum in Mumbai. Limited space and sky-touching property prices have increased the demand as well as supply of small housing units. People dwelling in slums to plush penthouses, Mumbai is one of the prominent cities in India where you can find citizens belonging to all income categories. However majority of the homebuyers look for small homes since they fit in their budget as well as come with basic amenities. Most of the people migrate to city with an intention to set up their career. During the initial phase of their career they often look for starter homes that suit their pocket.1 BHK, 1.5 BHK flats and studio apartments falls under the category of small homes. The demand for these homes has always remained constant and steady in Mumbai thus property investors are much interested in this category. Due to skyrocketing property prices and sluggish economic condition, there is a huge inventory of residential properties in this city. On the other hand, increased cost of land acquisition, raw material, fungible FSI and labor has substantially increased the property prices and doesn’t seem to lower the cost, anytime soon. Thus smaller homes have become a necessity and further the developers should focus on this housing category for new launches.Benefits of small homes:Most affordable is easiest to sell in prime cities of India. Since the city is highly expensive for dwelling, most of migrates prefer rental homes as they can’t afford to purchase. Thus the demand for small homes is also stable. There are many locations in Mumbai which offers this affordable option. Apart from the location-based benefit, most of the small home residential projects comprise of basic amenities. Compact 1, 1.5, 2 BHK and studio apartments are on colossal demand as it fits in budget and also offers general amenities like power backup, garden, kid’s play area and provision stores. If the potential homebuyers are looking for residences close to their offices then they have to pay extra for small homes. The facilities differ as per the location and would offer finest amenities like swimming pool, gym, landscape garden and kid’s play area. Locations offering small homes:Not only budding locations, even the established and prime locations of Mumbai are witnessing increase in supply of small homes. Most of the known real estate developers of the city are offering small homes in prime localities like Mulund, Bhandup, Chembur and few others. This category of homes is also emerging in areas like Ghatkopar, Govandi, Kurla and Vikhroli. Costs of these residential units vary according to the locations and there is strong possibility of rise in property prices in future.Even though the size of homes is small, its benefits are huge in present market condition. The location advantage and minimum requirement of home loans will always make small homes, a favorable housing option in metropolitan and exorbitant cities like Mumbai.займ на карту без отказов круглосуточновзять кредит онлайн