Housing: Citizens getting upgraded, Demand for big flats rises by 35 per cent

By Lokmat English Desk | Published: June 5, 2021 09:50 PM2021-06-05T21:50:01+5:302021-06-05T21:50:01+5:30

Aurangabad, June 5: People spent their time with their family members during the last year's lockdown period. People realized ...

Housing: Citizens getting upgraded, Demand for big flats rises by 35 per cent | Housing: Citizens getting upgraded, Demand for big flats rises by 35 per cent

Housing: Citizens getting upgraded, Demand for big flats rises by 35 per cent

Aurangabad, June 5: People spent their time with their family members during the last year's lockdown period. People realized the importance of big houses due to this pandemic situation and are upgrading houses. There is near about 35% rise in demand for big flats. We are experiencing these positive changes due to lockdown during covid-19 pandemic. People living on rent basis shifted to 1 BHK flat and people from 1 BHK are shifting to 2 BHK flat. People living in 2BHK flats are booking for spacious bungalows and those residing in bungalows are searching for 5 BHK flats. People are looking for more facilities like abundant sunlight, big windows for ventilation, terrace, only one gate for the whole premises, CCTV cameras, security and upgraded facilities. Sources in the construction industry said that in the past, people were asking for more facilities in minimum space but now people’s mentality has totally changed and they are asking for 40% to 50% open space for good ventilation. Officers and staff from the private sector are seeking a separate room for working from home. The construction industry is aiming to provide such facilities and architects are making changes in projects underway.

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Cost of housing in city

Approximate ready reckoner and market rates (in square feet)

Old city - Rs 4,000 to Rs 5,000/ Rs 5,000 to Rs 6,000

Cidco Rs 3,500 to Rs 4,500/Rs 4,000 to Rs 6,000

Garkheda Rs 4,000 to Rs 5,000/Rs 4,000 to Rs 6,000

Beed Bypass Rs 2,500 to Rs 3,500/Rs 3,000 to Rs 4,000

Jalgaon Road Rs 3,000 to Rs 4,000/Rs 3,000 to Rs 4,000

Chikalthana Rs 3,000 to Rs 3,500/Rs 4,000 to Rs 5,000

Paithan Road Rs 2,500 to Rs 3,500/Rs 3,000 to Rs 4,000

Shendra Rs 2,500 to Rs 3,000/Rs 2,500 to Rs 3,000

Waluj Rs 2,000 to Rs 3,000/Rs 2,500 to Rs 3,000

Nashik Road Rs 2,000 to Rs 3,000/Rs 2,500 to Rs 3,500

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