What are the benefits of investing in 2bhk flats in Mumbai?
The residential real estate market of India has substantiated a fast-pace development in the last few years. With transformative governmental schemes, today every individual can afford a property in Mumbai whether single or married. However, when it comes to choosing a unit, most of the buyers get confused about whether to invest in a 1 BHK unit or a 2 BHK.
1 BHK seems to be much affordable than a 2 BHK, but if we analyze other factors and the market trend, a 2 BHK comes out more budget-friendly. Take a look at a few benefits of purchasing a 2 BHK flat:
Target Market
For the nuclear family or small family, 2 BHK flats in Mumbai are evaluated as the ideal apartment to invest in. Moreover, those who are looking for rented apartments, 2 BHK is highly considered. Therefore, family units or single hustlers both are target buyers for the potential real estate market mostly finding 2 BHK as more viable choice. Families need space, and comfort while Hustlers need privacy and space for dreams to grow therefore target market is bigger for 2 BHK.
Comparatively Reasonable
Though the price of the 2 BHK flat is higher compared to 1 BHK but is lower than 3 BHK for the offered carpet area. However, a 2 BHK is very easy to rent or sell due to its comparative affordability and a larger target market. Top real estate developers in Mumbai offer 2 BHK flats under intelligent price, which the medium income family can afford to buy with amenities equal to the 3BHK or more. Moreover, the price of any apartment depends on the location be it 1 or 2 BHK. If the apartment is in a prime location, the price may be higher compared to the outskirts of the city or less developed city. Therefore it seems to be prudent to not compromise on your personal space.
Increased Selling Value
Unlike 1 BHK flats, 2 BHK apartments have higher selling value, especially if the apartment is located in an excellent area. If the buyer has purchased for Rs 1.20 cr, the selling price can around Rs 1.30–35 cr, depending on the real estate price, luxuries and how old the project is. The two units of 2 BHK will have much greater capital deliberation compared to one unit of 3 BHK. It is solely based on demand & supply outline. Moreover, rent from two units of 2 BHK will always be much higher compared to 1 unit of 3 BHK due to its practicality.
Easy Rental
Suppose you have bought 3 BHK flat and suddenly have to leave the city; you will certainly confront the situation of no rental purchase. No small or nuclear family members would go for a 3 BHK flat on rent. When it comes to 2 BHK, people look forward to buying it for rental purposes, as the space is just enough for rental or resale. The rental for a 2bhk can be easily shared by city enthusiast and they get privacy and larger space to chill and welcome friends and family when time demands.
Medium Maintenance Cost
The maintenance cost of 2 BHK is comparatively lower than 3 BHK but is higher than a 1 BHK flats in Mumbai. The maintenance is determined as per the size of the apartment and amenities bestowed. So maintenance for a 2 BHK could be a better bargain for the space and feel you get instead of cluttered 1 BHK. Hence a practical vision is important when investing.
Therefore, 2 BHK property in Mumbai is considered as an ideal investment pick by the nuclear family and medium-sized families as it ticks all boxes of comfortable living. Uncluttered space is significant for thinking big and positive. For the long-term investing and better appreciation value, a 2 BHK flats in Mumbai are certainly procuring a lucrative ROI. Hence the benefits of investing in a 2BHK are immense. 2 bhk flats in Vikhroli by Haware Intelligentia are the most practical buy due to acing the three A’s of affordability, accessibility and appreciation value. Moreover, the smart home technology by Haware properties is an extremely prudent investment due to its latest technologies and outstanding comfort being offered to its potential buyers.
