Studio
apartment emerging as a smart investment in Delhi/NCR
Top
realty players like DLF, JP Group, Wave Infratech, Paras Buildtech, Assotech
Realty, Supertech, Amrapali, etc, are following in the footsteps of New York
and London where fashion designers, musicians and artistes use such space for
their studios. Professionals like lawyers, CAs, architects, doctors, etc, are
now using them as smart offices, while corporate houses find these very
convenient as guesthouses.
Why
studio cum service apartments:-
·
Studio-cum-service apartments
have emerged as smart economical investment options in India, as several top
developers have started offering them across the country. The anticipated
demand for studio apartments is far outstripping its existing supply, generating
high rental income, property appreciation, and offering opportunities to high
value business tenants.
·
Studio apartments have a great
future in Gurgaon, as a lot of single professionals working there prefer it
over the traditional 2- and 3BHK format. We are in the process of selling a
couple of studio apartment projects to cater to this market and will be doing them
there in the near future.
·
Realty experts say there is a
higher demand for studios apartments in and around Noida, as the city has
exceptional infrastructural facilities in the NCR, some in place while others
under construction, like an adventure park, IT park (which would host nine IT
companies), the F1 international racing circuit, Yamuna Expressway, FNG
Corridor, the proposed cricket stadium, and the proposed 102 hectare night
safari.
·
JP
Group has the Buddh Circuit Studios apartments at Jaypee Greens Sports City
along the Yamuna Expressway. Over 3,500 units were launched in two phases at
two separate locations in the Sports City. These beautiful and spacious
apartments come in two options-1 BHK (560 sq ft) and 1 BHK and study (725 sq
ft).
·
The Buddh Circuit Studios are
part of Jaypee Greens Sports City on 1,012 hectares. This urban integrated
township is a holistic complex merging sports, entertainment, and culture
within an environment-friendly ambience. The integrated township will also
comprise world-class educational facilities, medical centres, and recreational
facilities. The Sports City provides a variety of residential and commercial
offerings along with breathtaking view of perennial lakes and canals.
·
These
developing studio apartments are close to India’s first Grand Prix Circuit,
which has successfully hosted two editions of Formula One events. Buddh Circuit
Studios are located close to the world-class motor sports arena. Realty giant
DLF has followed this emerging trend by launching My Pad, a studio project
located in DLF City Centre in Vibhuti Khand, Gomti Nagar, in Lucknow.
·
Supertech Group is offering
studio apartments in its township projects like Upcountry and Golf Country
along the 165km-long Yamuna Expressway. The group is also offering
studio-cum-service apartments in some of its high-rise projects like North Eye
in Sector 74 and Supernova in Sector 94, on Noida Expressway, Eco City in Noida
and ECO Loft project in Greater Noida West (Noida Extension). These studio
apartments are priced between Rs 4,000 per sq ft and Rs 10,000 per sq ft, based
on location, specifications, services provided, and payment plans on offer.
·
Studio
apartments are proving to be good investment opportunity for small investors
wanting immediate return, as studio apartments are considered better than
costly hotel accommodation by those seeking continuous outstation stay for
weeks and months on business tours.
·
Wave
Infratech, a leading realty player, has recently launched a world-class
multiuse studio project, Edenia, at Wave City Center in Sector 32, Noida.
Edenia offers air-conditioned studios with a commercial license. This is a
place where young and ambitious entrepreneurs can work and live at the same
place without any legal or regulatory hassles. Edenia also offers services with
superior social infrastructure and ample options for entertainment and retail
options in the neighborhood.
·
Eldeco
Infrastructure has three projects - Eldeco Hillside and Eldeco Eden Park at
Neemrana and Eldeco, The Studio in Sector 93A in Noida. These projects offer
192, 60 and 52 studio apartment units, respectively, in the size of 550 sq ft,
565 sq ft and 800-895 sq ft.
·
The
concept of fully-furnished serviced studio apartments is here to stay and is
arguably the best economical alternative to 5-star hotel accommodations.
