The residential real estate market of India has witnessed a fast-pace growth in last few years. With transformative governmental policies, today every individual can afford a home 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.
A 1 BHK is much affordable than a 2 BHK, but if we analyse other factors and the market trend, a 2 BHK comes out more budget-friendly and affordable. So, take a look at a few benefits which a homebuyer can enjoy while investing or purchasing a 2 BHK flat:
If you go by the market value, a 1 BHK will cost you less, but doing a little bit of in-depth research will help you in understanding that purchasing a 2 BHK will cost you more effective than the other one.
Let’s take the example of Noida Expressway. A 1 BHK flat here falls in the range of 22-25 lakh, while the price of a 2 BHK starts from 30 lakhs. So, by just putting some money, you can get more space, more rooms and a better unit for your family. The price graph remains the same in cities like Bengaluru, Chennai, and Hyderabad.
However, if you move to Mumbai or Gurgaon by paying a little higher amount you can get a luxury 2 BHK unit with unparalleled amenities. Because of this, many prospective homebuyers wait and save enough money to get their home booked in such localities.
A 2 BHK is more spacious than a 1 BHK. You have more rooms, more outdoor space, bigger rooms, and kitchen. Sometimes, many developers add a study room or a kid’s room to give a 2 BHK unit a bigger look. Due to this, you can easily accommodate the furniture and home décor accessories accordingly.
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Most of the individuals wish to purchase a home if they are all set to enter their married life or are already living with their family. At this point of time, buying a 2 BHK is always considered as a good option as in future. As your family grows, you need a bigger space to accommodate each and member. A 1 BHK is good for bachelors who are studying or have just started their professional career.
With transformative policies like affordable housing, a mid-segment working professional can think of buying a 2 BHK flat by paying less. Moreover, developers are also launching these units more as the demand is much in the market as compared to 1 BHK.
Returns and Profit
Investing in a 2 BHK homes may cost you a little expensive in the starting but seeing it from a future perspective, a 2 BHK helps you in garnering more profits and returns as compared to a 1 BHK. With a change in the property price and trend, a 2 BHK offers better returns on investment.
So, with these benefits, it’s always better to purchase a 2 BHK apartment.
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