Purchasing a home is not only among the oldest methods of investment but also among the safest asset classes. Granted that the industry has observed a lull post the influx of GST in the under-construction purchase, but the ever-developing market has fixed a niche for the segment of depositors who swear by the Real Estate market. Within the residential real estate space, a 1 BHK flat has outstripped and become the most favoured choice of investment amongst the end users as well as the investors.
1. Affordability:
Investing in 1 BHK apartment means low budget investment, the smaller the unit the more reasonable and marketable it is. 1BHK flat is a perfect starter home for a first-time homebuyer at a reasonable price. A homebuyer who is constricted on budget, looking for under-construction projects in Borivali East and other such emergent localities is an ideal option to buy as less capital complicated would mean that the homebuyer will have to make a small down payment and smaller associated monthly instalments. Real Estate Developers in Mumbai often provide the best deals when a project is under construction.
2. Less Property Tax and Maintenance Costs:
Since a 1 BHK apartment is a small residential unit, you do need to pay high property tax. Also, the conservation cost for this type of apartment is very less. You don’t have to rent someone to look after your property. All these things donate to the quantum of savings from a 1BHK investment. Builders in Mumbai have appointed into this sentiment and developed New Projects in Borivali East that strike the perfect balance between reasonable and luxury.
3. A More Sustainable Existence:
Staying in huge apartments also comes with the extra responsibility of paying extra maintenance bills and increased energy consumption. This increases carbon paths and promotes increased energy ingesting levels. Today, leading a maintainable existence and using our resources sensibly are our primary duties as citizens of the world. Living in a 1 BHK flat also assistances you reduce your energy consumption levels as the number of rooms is adequate to lead a comfortable life but not too much to pannier sustainable living. Due to these, a 1 BHK flat is the most favoured choice amongst the millennials as well as the younger age group.
4. Little to No burden of home loans:
Investing in 1 BHK apartment means low-budget investment. So, either the investor can purchase the property without a loan or can simply repay the loan if taken. The investor needs to be concerned about clearing huge loans and paying the interest. The interest amount is pretty less as the economy is low. The loan gets simply repaid and the amount saved can be used for the imminent.
5. Good investment option:
Procurement of a 1 BHK is a good investment option if the unit is put on for rent. Usually, students, bachelors, and young couples prefer 1 BHK flats due to pocket-friendly rentals, easy maintenance and also low maintenance charges. The majority of immigrants as well prefer 1 BHK apartments. In terms of rentals, 1 BHK flats are high demand and therefore 1 BHK units are a sought option for investors to earn a regular monthly income.
Conclusion:
Therefore, if you also propose to purchase real estate, a 1 BHK flat is the best alternative for investment due to its convenience, low maintenance requirements, and sustainability. And what could be better than investing in a 1-BHK flat in one of Mumbai's fastest-growing city Thane Kalyan? In the fastest-growing suburbs of Mumbai, an expansive and reasonably priced 1 BHK Flat in Kalyan, and kohinoor prime, a 1 BHK with an elegant design and views of Saket World. Our under-construction Arihant Aaradhya, which is almost finished, can become your cosy retreat for all time.
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