Nuclear homes and the factors behind its rise.
By Shravan Gupta.
The Indian realty is undergoing tremendous changes. The preference for homes too has changed. The demand for small to mid-sized homes is on the rise again. Ans Small homes have become favourable once again. The reality of the Indian families has a profound effect on the real estate market. This has the capacity to change the Indian real estate market.
Experts like Shravan Gupta, MGF Group are happy about this change and welcome it. They feel this trend will continue till the end of 2025.
The biggest factor when buying or renting an apartment is the size of the family. Today the nuclear family’s concept has become a common phenomenon. Real estate experts say this has made small to mid-sized homes immensely popular and in-demand. It is common in Metropolitans like Delhi and Mumbai to build more than 2-3 BHK homes.
The emergence of nuclear families has revamped the housing sector. In 2025, it will make 2-3 BHK homes popular in all the major Indian cities. There isn’t one single factor responsible for this positive sentiment.
The rise of small homes.
People who live in work cities are in search of affordable and smart homes due to sustainability, price and affordability factor. The small homes usually meet all the requirements of the working people. It is closer to work place and easy to manage too. A big home is difficult to manage both financially and practically. Hence people prefer to invest in 2-3 BHK homes. This trend is gaining popularity in cities like Pune and Indore too.
The connectivity factor has emerged as one of t the biggest gamechangers in the real estate for builders like Shravan Gupta, MGF Group. Today most cities are well connected by highways and freeways. This has reduced the travel time hence new homes are being constructed in areas near the airports and drawing new buyers who wish to invest in small homes. This will make small homes popular amongst the first-time buyers.
A 2-3 BHK home in a gated society is more healthy option than a big house. The security angle makes it appealing for families as it’s always safe. It comprises of all facilities like Gym, shops and its proximity to school enhance its appeal.
Easy on finance.
A small home is viable for someone who wants to save money. In a small to mid-sized home, the electricity bills are usually less. Also, it is easy on pocket as one has to pay lower EMI. People prefer to buy 2 BHK homes hence smaller homes come with a high resale value that will grow every year. In the Indian scenario, people prefer to invest in a 2 BHK home rather than large homes. It is easy to procure loans for a small flat due to the affordable EMI angle.
The rise of nuclear families has come as a boon for builders like Shravan Gupta, MGF Group. The people’s willingness to invest in small to mid-sized homes has boosted the housing sector. And more new homes are being built to cater to this audience. This will make 2025 the year of real estate. It won’t be wrong to say that housing segment is determined by the family angle and its need. A trend bound to continue beyond 2025.