Mumbai is one of the most populous and expensive cities in the world, with a high demand for housing and a limited supply of land. As a result, many homebuyers face the dilemma of choosing between affordability and space. However, there is a way to enjoy both: compact living solutions.
Compact living solutions such as modern 1 BHK apartments in Mumbai are designed to maximise the use of space and minimise the cost of living. They offer smart and functional layouts, innovative features, and modern amenities that cater to the needs and preferences of urban dwellers. One of the most popular compact living solutions in Mumbai is the 1 BHK apartment.
A 1 BHK for sale in Mumbai, as the name suggests, typically consists of one bedroom, one hall, and one kitchen in a neatly laid out apartment. Today, many singles, couples, or small families who want to live in a comfortable and convenient home without breaking the bank are all in favour of realising their dream of living in Mumbai via affordable and compact 1 BHK apartments.
In this blog, we will explore some of the benefits of choosing a 1 BHK apartment in Mumbai's real estate market.
Affordability
A 1 BHK apartment is more affordable than a larger unit, both in terms of purchase price and maintenance cost. You can save money on property taxes, utility bills, maintenance charges, and loan EMIs by opting for a smaller home. You can also invest the saved money in other assets or use it for your personal expenses. A typical 1 BHK for sale in Mumbai can usually be bought within Rs. 1 crore. However, Mumbai Metropolitan Region is also witnessing the trend of larger 1 BHKs that are around 500 sq. ft. They typically cost up to Rs. 20 lakhs more than regular 1 BHKs, as reported by Money Control.
Location
A 1 BHK apartment allows you to live in a prime location in Mumbai that may be otherwise unaffordable or inaccessible. You can enjoy the benefits of living close to your workplace, educational institutions, shopping malls, hospitals, and public transport facilities. You can also avoid the hassle of commuting long distances and save time and money on travel. This is especially true for regions like South and West Mumbai.
Lifestyle
The best bit about compact living solutions like 1 BHK for sale in Mumbai is that they offer a cosy and comfortable lifestyle that suits the needs of modern urbanites. This is because most modern 1 BHKS for sale in the city are a part of the latest international-standard, high-rise living projects that are well-appointed with modern amenities and luxury facilities. Thus, you can enjoy a clutter-free and minimalist living environment that enhances your productivity and well-being. You can also customise your home according to your taste and personality, without compromising on quality or functionality.
Amenities
An extension of the previous point, a modern 1 BHK apartment in Mumbai comes with a range of amenities that add value to your living experience. You can access facilities such as gymnasiums, swimming pools, clubhouses, gardens, playgrounds, security systems, parking spaces, and more within your residential complex. You can also avail of services such as housekeeping, laundry, catering, and more at your doorstep.
Investment
Lastly, a 1 BHK apartment in Mumbai is a smart investment option that can yield high returns in the future while being comparatively easier on the pocket to purchase and maintain than a larger flat. You can benefit from the appreciation of property value over time, as well as the rental income potential of your unit. You can also leverage the tax benefits and subsidies offered by the government for affordable housing schemes.
Conclusion
As you can see, a 1 BHK apartment is a perfect choice for anyone looking for a compact living solution in Mumbai's real estate market. It offers a balance between affordability and space, as well as a host of other advantages that enhance your quality of life.
However, buying a 1 BHK apartment in Mumbai is not as simple as it sounds. There are many factors that you need to consider before making your decision, such as: budget, location, amenities needed, and developer reputation. If you are interested in buying a 1 BHK apartment in Mumbai, you can explore some of the best projects by reputed developers by doing your research online.
