Tanuj Shori, Founder & CEO, Square Yards, has contributed an article talking about the shrinking sizes of new flats across seven cities. The article was featured in Hindustan Times Estate Supplement (Print, Dated 18th May 2019). It mentions, ‘Buoyancy in residential real estate is back after a few years of slowdown, because of both latent demands that are now being unleashed and due to certain government measures, which have further given a fillip to this segment. Especially in the affordable and mid-market housing segment, which has become popular among the new and millennial buyers in recent years.
The segment has lured a new set of buyers into the market leading to an increase in demand and supply of residential occupancy. There was a certain degree of asset price mismatch for residential properties in the country which is now being addressed by the developers that are now offering more compact sizes of apartments in most of the cities. Not only they have reduced the saleable area, but they have also resorted to ingenuity to bring in efficiency in the layout of the flats.’
