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While looking for a property, you would normally prefer a perfect mix of a great social and civic infrastructure along with proximity to key locations but that’s not all, Housing.com has found that upto 50% Indians prefer to buy practical homes compared to lavish ones. The overwhelming preference for apartments shows the growing acceptance of this property type amongst the urban population who prefer a standard lifestyle with various amenities at a reasonable cost. Based on insights drawn from the traffic witnessed on Housing.com, this research helps to understand the buying trends of Indian home buyers across top 5 cities in India - Mumbai, Delhi-NCR, Bengaluru, Chennai and <keyword id="6354925" type="COMPANY" weightage="20" keywordseo="Kolkata">Kolkata</keyword>. <div type="embedgroup"> <div type="Article" hostid="261" msid="58908111" title="Meet the People Who Risk their Lives to Ensure your Phone Catches Signal Wherever You Go" rank="1.0" kind="RELATED" publishDate="May 30, 2017, 1:20 PM" mstype="2" mssubtype="0"></div></div>






Key highlights from the research include: Top localities for investment • Mumbai’s property market is legendary and the hottest investment destinations in the city today include Thane West, Dombivli East, Mira Road East, Andheri West and Panvel • Delhi and the National Capital Region (<keyword id="53426" type="CITY" weightage="20" keywordseo="NCR">NCR</keyword>) region is bustling with a range of infrastructure development and top localities to invest in the region includes Rohini, Uttam Nagar, Dwarka, Sector 16/Palam Vihar and Noida Extension • Bengaluru, popularly known as the ‘Silicon Valley of India’ is one of the upcoming residential markets in India and top 5 investment localities in the city are Hormavu, K R Puram, Whitefield, Electronic City and J P Nagar • On the back of infrastructural developments, Chennai has been transforming itself into a real estate hotspot. The top localities of the city preferred for investment are Perambur, Kolathur, Ambattur, Madipakkam and Chromepet • The top localities in Kolkata, the capital city of West Bengal are South Dum Dum, Dum Dum, Rajarhat, <keyword id="183467" type="CITY" weightage="20" keywordseo="New-Town">New Town</keyword> and Garia. <div type="embedgroup"> <div type="Article" hostid="261" msid="58894102" title="Ditch Sodas This Summer, Opt For This New Flavoured Green Tea Instead" rank="1.0" kind="RELATED" publishDate="May 29, 2017, 3:30 PM" mstype="2" mssubtype="0"></div></div>






Type of Houses • More than 50% of Indians are interested in buying an Apartment as compared to Villas or Builder floor apartments • Mumbai is fast emerging as the preferred destination for home buyers as 96% of home buyers choose Apartments over Villas and Builder floor apartments • Surprisingly, demand for Apartments in Delhi-NCR was recorded lowest at 54% • The preference for Builder floor apartments is 37% in Delhi and extremely low in other cities (2% in Mumbai, 1% in Bangalore, 3% in Chennai and no preference at all in Kolkata)

 

 

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• 2BHK housing units are the most preferred choice for more than 40% of home buyers in Delhi, Bangalore, Chennai and Kolkata. In Mumbai, 51% home buyers prefer 1 BHK owing to escalating property rates in the city • 3BHK is the next most preferred configuration in Delhi-NCR, Bangalore, Chennai and Kolkata (on an average 20% home buyers prefer 3BHK in these cities) as most of the buyers look for a balance between spacious homes, amenities, luxury and afforbidibility. However, Only 6% home buyers prefer 3BHK in Mumbai stating affordability as the major concern in the region.

Indians prefer buying 2BHK apartments over Villas according to Housing.com

<keyword id="3937503" type="UNKNOWN" weightage="20" keywordseo="Chintels-Paradiso">Chintels Paradiso</keyword>, a 1.1 million square foot high-rise apartment complex, has come up in Gurgaon and if you are looking for luxurious, elegant and comfortable living, you shouldn’t miss this one. 
 
There are 532 apartments in nine residential towers. The residential spaces are so designed that you can enjoy ample natural light, cross ventilation and pure air. 
 
Chintels Paradiso has addressed every minute detail in the apartments, which are becoming the most sought after destinations due to its close vicinity to Delhi and International airport. 
 
The price for a 3 BHK is around Rs 1.25 crore, whereas if you are looking for a 4BHK, they price can go up to Rs 2.20 crore. 
 
If you are looking for some inspiration, here are how the apartments look from the inside

This is why these luxurious high-rise apartments in Gurgaon should be your next home

You must have visited Kasuali several times to relax your mind but next time when you plan your trip, give it a dash of luxury and check out Tata Housing’s new project ‘Myst’ in the middle of the hills. 
 
If you have a luxurious taste and do everything larger than life, Tata Housing’s residential development, ‘Myst’, will surely capture your attention. 
 
Myst is a residential development, which is designed using biophilic architecture by world's leading expert in sustainable architecture, Llewelyn Davies Yeang. 
 
Biophilic architecture means the design has natural elements like flowing water, green roofs, and airy open living spaces to reconnect residents to nature. 
 
The residential housing has everything to suit yourself lifestyle and you can just relax in the lap of nature, without going anywhere out. They are 2 BHK (Duplex) to 5 BHK Villas in the range of 1850 to 5070 sq feet 
 
Here is the inside look

These residential homes and villas in Kasauli will capture your attention

The sitcoms of <keyword id="6355055" type="COUNTRY" weightage="20" keywordseo="USA">USA</keyword> have influenced young minds in India like never before. Working either with a media firm or a technology start up – the profession doesn’t matter. Holding a sugar free cappuccino in one hand and smartphone on the other, today’s millenials with a successful group of peers seem to be just out from the world of F.R.I.E.N.DS. But staying in India and maintaining a US lifestyle cost these people badly. And thus begins the romance of the roofless. In the poem ‘All You Who Sleep Tonight’, <keyword id="196246" type="PERSON" weightage="20" keywordseo="Vikram-Seth">Vikram Seth</keyword> writes,” All you who sleep tonight/ Far from the ones you love,/ No hand to left or right/ And emptiness above.” In today’s context, that’s probably every millennial staying out of their home and dreaming high. And to ease their worries, there are new businesses that are emerging. One of the brightest stars in the millennial galaxy right now is the co-living sector. Co-living has existed since ages. But there was no method to it. Hostels have catered to students. But for bachelors working at offices, PG or rented accommodation has catered to the mass. Nobody bothered about the out-of-college young people. And that’s where the co-living companies smelled profit. They researched on the crisis young people face. From exorbitant rents to brokerages and lack of furnishings, there were just too many things lacking. StayAbode is a start-up that is using design, technology, service and brand to build co-living spaces for the rental residential market at scale. Targeted at the millenials, it provides the experience of staying in a boutique hotel with a community of like-minded individuals. They already have upto 95% occupancy in each of their 5 properties in Bengaluru. It is interesting to know that the female:male ratio at their Nestor property in <keyword id="6405428" type="PERSON" weightage="20" keywordseo="Koramangala">Koramangala</keyword> is 55:45. 
	
	<div type="image" title="Viral Chhajer, Co-founder, StayAbode" msid="59630034" hostid="261"></div>





Viral Chhajer, Co-founder, <keyword id="4225783" type="UNKNOWN" weightage="20" keywordseo="Stay-Abode">Stay Abode</keyword> <keyword id="824043" type="COMPANY" weightage="20" keywordseo="Business-Insider">Business Insider</keyword> spoke to Viral Chhajer, Co-founder &amp; CEO, StayAbode about the dynamics of the business. How do you see Indian co-living scenario evolving? With the massive influx of millennials in metros and the need to be flexible, mobile and social, co-living is the best option for the urban millennials. The need to have a sense of belonging to a community will be a major driver of adoption of this modern way of living amongst us Indians. We have always seen co-living as a bachelor's' move? Given the housing crisis do you think it will now modify? Co-living currently is seen as a bachelors home because of the underlying design philosophy behind co-living spaces. As that continues to evolve we’ll see co-living spaces for families, young couples etc. What does the market of co-living space look like over next 5 years? 150Million plus urban millennials live in rented homes today. As demand for co-living spaces continues to grow and rental yields continue to exceed those of the traditional <keyword id="352945" type="ORGANIZATION" weightage="20" keywordseo="BHK">BHK</keyword>’s, we’ll see a gradual shift in how realtors look at real-estate designs from an end use perspective. What kind of investments is this space getting? Given the impressive returns that co-living spaces are now being able to offer to property owners (sometimes as high as 15%) there is an opportunity to create a new asset class in real estate and that continues to excite both investors and realtors. Does Co living space indicate death of traditional real estate over few decades? We’re at a point where excessive demand of co-living spaces is driving more confidence and adoption in the space by realtors. The future will entail co-living spaces influencing construction and steering structural designs towards building more efficient and friendly homes. Currently, structural designs in real-estate follow a very one size fits all approach which in the coming few decades will go through design based disruptions for different age groups which will ultimately benefit both, the realtors and the end users. What Business Insider felt was even though these are boutique solutions, Stay Abode needs to create inventories that would be low-cost and pocket-friendly for millennials who are in their initial stage of their careers. Catering to just one particular economic group won't really be business-friendly.

Co-living will solve the residential crisis of urban millenials and that’s the future of real estate

Imagine living in a home that fulfils each of your demands and is in alignment with your day to day life. Taking the concept of adaptability forward, Nikoo <keyword id="30874" type="UNKNOWN" weightage="20" keywordseo="interiors">Interiors</keyword> has come up with a concept in which the discerning millennial/ first-time home buyers can fully furnish their 2 BHK in just 3 lakh rupees with each and every product especially designed by eminent professionals. 
 
Each and every product by Nikoo interiors is designed to be bold &amp; beautiful and at the same time connects with people. Nikoo brings the best of Italian designs to Indian customers at accessible prices. The concept of furnishing a 2 BHK flat in just 3 lakh rupees includes a sofa, a coffee table, a TV cabinet and a dining table for 4, for your living room. The concept also includes a bed, wardrobe and 2 side-tables each for both the bedrooms. All the furniture is Italian and is perfectly in alignment with your furniture needs. 
 
A home is not just a home; it is a place that reflects your personality! Having a place where convenience meets style is nothing less than a boon and Nikoo Interiors makes it all possible at accessible prices. It was not easy to launch such a concept with Italian furniture. To reach the current collection of Nikoo Interiors, a lot of efforts went in. Studying the Indian way of living and understanding their aspirations led us to the current range of Nikoo Interiors. 
 
Each individual and family is different from each other and understanding the difference was the key. We studied different types of families, their configurations, professions, lifestyle, preferences, suitable colour palettes, materials, amongst many other parameters. As a result, we have a very well received Nikoo product range. 
 
In order to reach out to a larger segment of society, we made sure that our clients can buy our products online. The new and unique ‘transformable furniture’ is one of the most important parts of this concept of Nikoo Interiors. To reduce the clutter and to create more modern and attractive spaces, transformable furniture is being used by Nikoo Interiors and it has completely revolutionized the world of furniture. From saving spaces to being lightweight to being sturdy, transformable furniture is everything at once! 
 
Also, to keep the interior décor in budget, selecting the right furniture is the key. Furniture that is transformable and multifunctional is the right choice to save both cost and money. If you have a study table that turns into a bed when required, you don’t need to buy a table and a bed separately. 
 
When imagination is combined with little amount of money, it can instantly add style to any interior. All products of Nikoo Interiors are designed thoughtfully to save space and most of them provide either extra storage or some kind of conversion to save space and give the space a clean and neater look. 
 
The bed options in the concept of fully furnishing a 2 BHK flat in 3 lakh rupees’ are available both with storage and without storage. To make your life easier, Nikoo Interiors has made available plethora of options to choose from. The wardrobes from Italy are available in such great designs and at the same time they are highly functional as the doors are sliding. The extendable dining tables are taking the concept of dining a step forward. A table that can accommodate 6 people when required and acquiring the space of a table for 4 is nothing less than a boon. 
 
The collection of stylish chairs truly enhances the spirit of living room and the wide array of options available make it easier to choose. A table that folds adjacent to the wall when not required, save a lot of space and look a mindful add on to the space. 
 
Also, while opting for a budget décor, using materials from local markets for curtains and other fabric demands of the house can help cut down the cost. Repurposing with what you have is another good option for budget décor; you can enhance the plain walls with differently coloured plates that are anyways waste in home. 
 
While going for the concept of budget décor, it becomes imperative to always hold planning in place. Always have a strict plan before buying any component or executing a plan! Stay in alignment with planning and the décor will fall into place! 
 
(The article is authored by Parushni Aggarwal, Founder &amp; Creative Director, StudioCREO)

Here’s how first-time home buyers can do-up their space in under Rs 3 lakh

Hyderabad, Pune, Navi Mumbai, and Ahmedabad are among the top 10 most <a href="http://www.businessinsider.in/searchresult.cms?query=affordable+property">affordable property</a> markets in the country according to JLL India. The other six cities are Kochi, Ghaziabad, Jaipur, Nagpur, Surat and Coimbatore. 
 
"These towns and cities offer a wide spectrum of investable options in <a href="http://www.businessinsider.in/searchresult.cms?query=real+estate">real estate</a> with relatively lower property price levels, providing the incentives for future capital appreciation and healthy returns," JLL India Chairman and Country Head Anuj Puri said. 
 
Puri said Hyderabad is the most affordable cities among all tier 1 cities of India. Even the well-developed <a href="http://www.businessinsider.in/searchresult.cms?query=residential+areas">residential areas</a> there offer properties in the budget range. 
 
JLL said Pune has recorded a healthy growth in the <a href="http://www.businessinsider.in/searchresult.cms?query=affordable+property">affordable housing</a> segment. However, these are on the periphery of the city and offer small 1-2 BHK flats with basic, no-frills amenities. 
 
"While property prices have increasingly become unaffordable in Mumbai, Navi Mumbai still provides numerous options for residential housing within the budget of Rs 30-50 lakh," Puri said. 
 
Image Credit: Indiatimes

Considering buying affordable property? Pune,
Hyderabad, Navi Mumbai among best bets!

<keyword id="6371761" type="ORGANIZATION" weightage="80" keywordseo="Delhi-Development-Authority">Delhi Development Authority</keyword> (DDA) will sell 152 premium flats at <keyword id="6354367" type="ORGANIZATION" weightage="80" keywordseo="Commonwealth-Games">Commonwealth Games</keyword> Village this June at it’s first ever e-auction. The agency has fixed a base price of Rs 7 crore for each 3 BHK unit. It aims to complete the sale by June end and earn over Rs 1,000 crore. The advertisements are likely to roll out next week. 
 The sale has been long pending since 2012 as the <keyword id="6354952" type="ORGANIZATION" weightage="80" keywordseo="Delhi-Government">Delhi Government</keyword> had requested 60 flats for its official housing pool. It has not responded ever since. 
 DDA Vice-Chairman Balvinder Kumar said the agency has written two to three letters to the <keyword id="6360789" type="ORGANIZATION" weightage="80" keywordseo="Modi-Government">Modi Government</keyword> to no avail. It’ll send one again asking whether the government still wants the apartments. If there’s no reply the DDA will go ahead with the sale. 
 Officials predict the final price would be well over the reserve price, thanks to the great demand for housing. The cost to DDA for <keyword id="645313" type="UNKNOWN" weightage="80" keywordseo="CWG-flats">CWG flats</keyword> in 2009 was around Rs 11,000 per square feet. The authority sold it for Rs 22,000 per sq feet in 2012. 
 
(Image: Indiatimes)

Good news for home buyers. DDA to soon auction CWG flats

<keyword id="261354" type="COMPANY" weightage="80" keywordseo="Shapoorji-Pallonji-Group">Shapoorji Pallonji Group</keyword> has bagged one of the largest <a href="http://www.businessinsider.in/searchresult.cms?query=foreign+direct+investments+">foreign direct investments</a> worth Rs $200 million or about Rs 1,280 crore in India's affordable housing segment, with Standard Chartered <keyword id="34499" type="POSITION" weightage="60" keywordseo="private-equity">Private Equity</keyword>, <a href="http://www.businessinsider.in/searchresult.cms?query=World+Bank+">World Bank</a> member IFC and the <a href="http://www.businessinsider.in/searchresult.cms?query=Asian+Development+Bank+">Asian Development Bank</a> (ADB). 
 
This will be a <a href="http://www.businessinsider.in/searchresult.cms?query=joint+venture+">joint venture</a> (JV) between the Mumbai-based conglomerate and Standard Chartered Private Equity, IFC and the ADB. They would together hold 70% stake in the JV while the rest will be with Shapoorji Pallonji Group, an official told the Economic Times. 
 
The multi-lateral funding agencies will provide a $50 million (Rs 320 crore) buffer fund which can be used by the JV; this marks the $3.5 billion (Rs 22,400 crore) Shapoorji Pallonji Group's entry into the affordable housing segment. 
 
According to the deal, the JV will develop about 20 million sq. ft. of affordable home space in the next 8 years in Mumbai, Pune, National Capital Region, Chennai, Kolkata, Bengaluru and Ahmedabad. 
 
Venkatesh Gopalkrishnan, chief investment officer and president business development, Shapoorji Pallonji Real Estate, said: "For the last two years, we have been strategising our group's foray into affordable housing segment with a long-term perspective and therefore wanted to join hands with partners with a similar view." 
 The investment assumes significance given its size and tepid <keyword id="44528" type="ORGANIZATION" weightage="80" keywordseo="FDI">FDI</keyword> flow into affordable housing segment even after the government relaxed rules last year to draw overseas capital for real estate. 
 
In October, the government reduced the minimum built-in area required in projects as well as capital requirement and eased the exit norms. It reduced the minimum built-up area to 20,000 sq metres from 50,000 sq metres while halving the minimum capital requirement to $5 million. However, barring a few completed project acquisitions, FDI inflow into real estate, including affordable housing segment, remained weak. 
 According to experts, the FDI inflow will improve in coming days. "Interest for real estate as an asset class is rising globally and this capital will also flow into India. We expect the deal activity to pick up here on and affordable housing will be one of the key beneficiaries as fundamental demand drivers for this segment are robust," said <keyword id="1664149" type="PERSON" weightage="60" keywordseo="Mona-Chhabra">Mona Chhabra</keyword>, executive director, EY. 
 
The <a href="http://www.businessinsider.in/searchresult.cms?query=Mumbai">Mumbai</a>-based company would be responsible for identifying land parcels, acquisitions, approvals, execution and development. The JV company aims to create 20,000 affordable homes across the country. Its board will have four members from the three foreign investors while Shapoorji Pallonji will get two board seats. "With our group's strong engineering, execution capability and trust the brand enjoys, we are ideally equipped to handle projects like these," said Jai Mavani, executive director, Shapoorji Pallonji Group. 
 "With the government's push to 'Housing For All', we are hopeful that players like us will get support from the government in terms of approval processes as it will serve larger needs." The group has already identified three land parcels for projects under this alliance. Of these, it has already acquired two land parcels which will be financed through the joint <keyword id="6357097" type="COMPANY" weightage="80" keywordseo="venture-capital">venture capital</keyword> following approval from investors. "We will look at five more land acquisitions over the next two years. This is pure equity capital and will be used for acquisition of zoned and aggregated land parcels within municipal limits of cities. Our aim is to complete the land acquisition in two years and execute these projects in eight years from now," Gopalkrishnan said. 
 
The JV company will come up with developments on the outskirts of cities, offering 1BHK apartments of 500-600 sq ft and 2BHK apartments of 800-900 sq ft, priced at Rs 15-50 lakh per unit. The company will focus on tier-1 and tier-2 cities with project sizes in the range of 1.2 million sq ft to 5 million sq ft. 
 
(Image: Indiatimes)

You Searched For "BHK" and got 8 results

Indians prefer buying 2BHK apartments over Villas according to Housing.com

Tanya Dubey

This is why these luxurious high-rise apartments in Gurgaon should be your next home

Akanksha Jain

These residential homes and villas in Kasauli will capture your attention

Akanksha Jain

Co-living will solve the residential crisis of urban millenials and that’s the future of real estate

Suchayan Mandal

Here’s how first-time home buyers can do-up their space in under Rs 3 lakh

Guest Author

Considering buying affordable property? Pune, Hyderabad, Navi Mumbai among best bets!

BI India Bureau

Good news for home buyers. DDA to soon auction CWG flats

BI India Bureau

Shapoorji Pallonji enters the affordable housing segment with a FDI deal worth Rs $200 mn in its kitty

BI India Bureau

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