Demand for 2 & 3 BHK flats

 Demand for 2 & 3 BHK flats

Chennai is no stranger to the massive demand by the people for 2 & 3 BHK apartments. When you buy a house, you expect to have your own space, and this is exactly what you get in a 2 BHK flat. There is a certain kind of satisfaction in having your own house, and there is also a certain kind of freedom that comes with it. You can make your living space a place where you can study or work or even relax.

Many people are finding it difficult to find a reliable home in 2BHK/3BHK apartments. In fact, even those who can afford this type of accommodation are often left disappointed as there is no regular supply.

A shortage of apartments in India has led to a surge in the prices of 2 BHK and 3 BHK flats in various cities around the country, with some developers even raising the floor area ratio (FAR) for the purpose.

 

AS the population continues to increase and the need for all sorts of housing options continues to grow. With this growing demand for housing, going by the number of new 2 & 3 BHK flats that are going up, it is clear that investors are gaining confidence in the Chennai property market.

With Chennai witnessing an unprecedented growth of demand for housing in the last few years, the demand for property has also increased. As a result, the number of flats in Chennai has gone up from 11,000 to 80,000 in the last 2 years alone. With this increase in the number of flats, the market has been divided into 2 phases:

Cost-Effective

Buying a home in Chennai can be quite a challenge for those who do not have sufficient funds to purchase a home of their own. In order to make it possible for those who have a limited amount of money to be able to buy a home, Chennai has been witnessing various schemes from the government and builders to help people with limited funds to buy a home. The state government is offering a loan waiver for property tax and transfer charge (T&T) in the city. In addition to that, the state government is providing tax relief of Rs. 40,000 to a house owner if they are willing to sell their house to another person.

The market for mid-and lower-income housing in India has long been dominated by traditional brick and mortar developers. But as urbanization continues to push more citizens into the cities, the demand for affordable housing is growing at a rate that traditional developers won't be able to handle. Another trend that is affecting the real estate sector is the growth of e-commerce.

 

Easy to furnish and maintain:

In a city like Chennai, where a large number of people aspire to live in, rich and beautiful apartments are quickly becoming a rare commodity. In a bustling city like Chennai, the rise in demand for apartments is so high that it has lead to a spike in price. However, it is important to note that the prices being charged for apartments in Chennai do not come close to what people are willing to pay for them

As the real estate market in Chennai is booming, a lot of people are starting to realize the need to furnish their homes to make them more comfortable and attractive. In fact, nowadays people are investing more on furnishing their homes than on purchasing them. The most common choices are cabinets, china pieces, rugs, wall-coverings, etc.

about forma hues project in porur

Forma Hues is situated at Porur, a locality in Chennai. The project is being launched to provide a solution for the existing housing problems in Porur. Forma Hues have been conceived to not only offer a solution but also be a sustainable project that can evolve into something great for society.



Forma Hues is one of the leading real estate builders in Chennai. Forma Hues is a well-reputed Real Estate firm providing complete solutions for home buyers and sellers, corporate clients, developers, etc. Forma Hues is a professionally managed and wholly-owned Real Estate firm putting the customer first. Forma Hues is a one-stop solution provider of Real Estate services


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