Why Buyer Preference Has Shifted to Small Homes under 1000 sq. ft.

There are certain moments in our life where we may feel the emotions behind the adage, “Good things come in small packages.” In the quest to own a home too, many homebuyers are happily aligning with this thought by opting for micro and small-sized homes. Furthermore, the pandemic has reinforced the importance of homeownership, where the buyer preference has shifted towards affordable and mid segment homes*

With the geography of our city continually evolving to fit the ever-growing population, this affordable home buying trend is fast gaining traction today! One can hardly deny the benefits as purchasing a compact home that fits well with the needs of nuclear families proves to be truly cost-effective. Read ahead to know some reasons why this trend is picking up in our country today.

Property Location Matters More

As metropolitan cities such as Mumbai expand, there is a swift rise in the establishment of civic and social infrastructure. This not only offers excellent connectivity across the city but also allows for easy proximity to workspaces, schools, healthcare, and other amenities. It is one of the top reasons why people prefer to stay in the heart of the suburbs such as Borivali, Thane, Mulund, Kanjurmarg etc.

The price appreciation in these popular spaces of the city too always remains high! Hence, families tend to invest in small yet compact homes in such areas, preferring a good location over an overly huge apartment.

Rise of Nuclear Families

While joint families were the norm earlier, nuclear families are the current order of the day in India. In contemporary nuclear families, the decision making of purchasing a home depends on several factors such as the needs of children and care requirements for pets. For such families, apartments with 700 to 1000 sq feet of space can prove to be quite sufficient. Moreover, even smaller apartments ranging from 400 to 700 sq. feet also work very well for working singles, millennial as well as retired couples.

Space Can Be Managed Effectively

Let’s say you want to buy a home in Mumbai, but you and your spouse work most of the day. Living in such a metropolitan city where hectic schedules are a part of each day can make maintaining the upkeep of a large home cumbersome. In such a scenario, getting a smaller apartment would be an ideal solution.

This is because smaller, compact homes are easier to clean and can be clutter-free when managed well. Moreover, with smart space optimization and good interior design, one can live with great contentment in such homes. For creative ideas, one can easily curate their own Pinterest boards for the same.

Increasing Demand for Micro Luxury Homes

Discover why the home buying trend of purchasing small homes under 1000 sq. feet is now popular in India.Homebuyers today don’t want to settle for less and instead opt for lavish, spacious and compact homes that offer the most premium amenities. This has given rise to luxury micro-housing where the build of the apartment is high quality, there is optimum space, and the various amenities suit their lifestyle.

Most such luxury projects by Ashwin Sheth Group too, offer unique and one of a kind amenities such as Eco decks, clubhouses, game courts, yoga rooms, mini theatres, and even lavish infinity pools!

As the apartments in our projects are in posh neighbourhoods and offer the best of comfort, they hold a great appeal for both affordable homebuyers as well as high-end residential investors.

Here are some of our luxury small housing projects you can check out.

Sheth Zuri, Thane West – Right beside Viviana Mall, Sheth Zuri is equipped with three luxury towers where modern cross-ventilated homes start from 515 sq. feet. The interiors of the apartments are designed with zero negative space in mind, utilising all areas of the flat efficiently. As for the outside landscaping, it is truly beautiful due to the manicured green lawns, jogging tracks, and well-maintained gardens

Sheth Avante, Kanjurmarg West – Sheth Avante is built for those who want to elevate their lifestyle in the city. With homes starting from 443 sq. feet, its beautifully designed 1, 2, and 3 BHK apartments come with a host of amenities that allow one to live all their dreams. Be it swimming in its luxury infinity pool that overlooks the Mumbai skyline or a nighttime rooftop stargazing session – you will truly feel like the elite of this city.

Sheth Midori, Dahisar East – Right by the nature trails of the Sanjay Gandhi National Park and the Dahisar railway station, Sheth Midori gives you the best of the city while also placing you in the lap of nature. With homes starting from 557 sq. feet, its lavish 1.5 and 2 BHK residences come with amenities that take care of your physical and mental wellbeing.

Sheth Montana, Mulund West – With spaces starting from 723 sq feet, where the stunning, mesmerising hills are always visible from the windows of your suave 2 BHK apartment – Sheth Montana is a dream property for many homebuyers today. The project is situated on the LBS road, merely a few kilometres away from both Mulund and Nahur railway stations.

Now that you have various reasons as well as great options for small homes, it’s time to go forth and invest in a good home. Such small ticket size flats are also great solutions to counter the affordability challenge that exists in our country. With a rising number of people opting to purchase such flats, this home buying trend may be the right impetus that helps us to fulfil the dream of affordable housing for all in 2022, as set by the government through the Pradhan Mantri Awas Yojna (PMAY).

* Financial Express

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