Average Apartment Sizes In Top 7 Indian Cities Decline 17% In 5 Years
Bangalore saw least decline in average property size at around 12% in the five years. The current average apartment size in Bangalore is 1,260 sq ft. Prior to 2017, the average sizes in Bangalore fluctuated by merely 1-2% year-on-year; in 2018, the sizes declined over 12% against the previous year.
“Rising demand for affordable, compact and budget-friendly housing has led to the shrinking apartment sizes across most metros. With property prices going overboard in most metros, developers have also been reducing sizes to align their offerings more with the actual homebuyer demand,” said Anuj Puri, Chairman, ANAROCK Property Consultants.
Civil Engineering & Construction Review is a leading monthly news journal, launched in 1988, at New Delhi, India by Trend-Set Engineers Pvt. Ltd. Its dedication to reader satisfaction and also towards fulfilling the ever - growing needs of the construction profession, makes CE&CR the first choice of all those connected with the construction industry.