The report highlights a major shift in consumer preferences towards larger homes, despite rising property prices.
It observed that the average flat size across these major cities increased from 1,145 square feet in 2019 to 1,513 square feet in the first half of 2024 (H1 2024).
NCR saw the most dramatic increase, with average flat sizes growing from 1,250 square feet in 2019 to 2,450 square feet in the first half (H1) of 2024. This was largely driven by an upward trend in luxury apartment supply.
The growth observed in the NCR positioned the region as the leader in average flat size among the top seven cities. Hyderabad followed NCR where the average flat size is now 2,010 square feet.
Bu hikaye The Business Guardian dergisinin August 12, 2024 sayısından alınmıştır.
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Bu hikaye The Business Guardian dergisinin August 12, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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