Indian Tire I and Tire II cities are all-embracing the new trend of studio apartments. There are a colossal working and student class in cities such as Pune, Bangalore, and Mumbai. Most of them search for a comfortable place to have their living. One of the significant problems with these cities is the rent or price of purchasing a flat. Even 1 bhk flats in balewadi Pune are too costly for a single person to afford. These situations and rising costs in real estate are being mitigated with studio apartments.

What exactly is Studio Apartment?

A studio apartment comprises of a single large spacious room which can perform multiple functions of acting as a living room, dining area, bedroom, and even a kitchenette. Only a bathroom is separated with a wall in a studio bathroom. You must know, a studio apartment size may vary considerably from 200 sq.ft. to 500 sq. ft.

With real estate pricing reaching the all-time high and increasing population has raged up the trend of compact living. The people are more inclined towards living in snug homes which can fit their pocket and comfortability. Consequently, all the interior designers and architects are coming up with ever more inventive ideas of making small spaces convenient and livable.

According to a study, one of the main reasons why studio apartments are catching up with the rage in India is Millennials' convenience. Most of them are willing and prepared for the trading size of the place over where it's located. Millennials tend to prefer living in cramped conditions if their workplace is in the close vicinity.

India is home to numerous real estate giants, and every one of them is finding an opportunity to leverage the best out of these compact apartments. Apart from the manifest financial incentives, architects and builders are all rising to the challenge of designing these space-economical living areas which can accommodate bachelors, couples, families, and in some areas, the homeless.

Some Unknown Facts About Studio Apartments

Although you might be searching studio apartments in Pune, there's no harm in learning more about them. Let me share what studio apartments are referred to as in other countries:

In Brazil, studio apartments are called Quitinete.
In Canada, they're known as the bachelor apartment.
In the US, an L-shaped studio apartment also known as Alcove Studio.
In Italy, they're mostly addressed as Monolocale, which means 'one-room.'

So, now you know, how and why the housing market in Pune is on full-swing. There are many new projects under construction in prime areas of Pune. If you’ve thought of investing in real estate properties, then you must consider buying 1 BHK or 2 BHK flats in Balewadi Pune. Most of the buildings are modern-built with luxurious amenities.