Many people in India pay huge amounts of house rent every month. Instead of paying their hard-earned money on rents, it is better that they pay a similar amount on house loans each month.
Furthermore, home rents are increasing day by day. Also, unless you have a contract, you can’t depend on your rented home. Therefore, it is always better to have your own house rather than living in a rented home. As many students and young professionals in India are realizing this, they are interested in purchasing studio apartments.
Why you need to invest in studio apartments of Gurgaon?
Gurgaon is home to many thriving businesses and companies as well. So, businessmen who frequently visit the city also prefer to purchase a studio apartment. This is much more beneficial than paying the hotel rent every time they visit.
A studio apartment is basically an apartment with one large room that works as the dining room, lounge, bedroom and kitchen. Only the bathroom is separate.
So, if you are interested in purchasing a studio apartment, you must do a detailed cost and benefit analysis so that you are making the right decision for yourself.
First of all, a studio apartment is a good idea from an investment point of view. For example, young professionals who don’t have their own family yet plan to purchase a studio apartment. They hope to sell of the studio apartment when they have a family of their own. This is a great idea from many perspectives. These people are saving a lot of money on house rents and hotel charges. When they sell off the apartment, they will get a good investment return as the prices are going up day by day.
If you plan to rent your studio apartment after a few years, you will get a good rent. The rent from a studio apartment is better than a two-room bedroom flat. This is mainly because studio apartments offer more modern facilities than regular flats. Also, the location of studio apartments is better. You will find more shopping malls, hospitals, schools, and offices near these apartments.
A major con of studio apartments is that they offer lesser living space. So, they are not suitable for families. On the other hand, if you are single or even a young couple, it is definitely a good idea to invest in it.
Overall, studio apartments are an expensive option as compared to bedroom flats. However, this is not a bad point for their popularity because they are an excellent option from an investment point of view.