A studio apartment is a small home where the bedroom, living room and kitchen are all in one room. Only the bathroom is the part that has its own wall and door. These units are usually around 300 to 600 square feet, and some smaller ones start from 250 to 450 square feet.
The prices of these apartments start from 25 lakhs and can stretch up to 50 lakhs. If you look in popular areas, you can find options from 12 lakhs to 18 lakhs. Students and young professionals often choose studio apartments because they are affordable. They are an option for people who are just starting.
Studio flats are simple and easy to maintain, and also an affordable choice for people who want to live in the city. The city offers ample options, and buyers can find one that suits their budget and needs. These are ways to own a home without spending too much.
Advantages of Studio Apartments
Studio units are affordable as compared to 1 BHK or larger homes. They do not cost a lot to maintain because the space is small. The owner does not have to pay high electricity and cleaning charges. These are great for people who want to invest in real estate because studios near colleges are easy to rent out to tenants.
These flats give investors a yield of around 3% to 5% every year. The monthly rent for studios is around 8,000 to 15,000 rupees.
Disadvantages of Studio Apartments
Studios do not have a lot of privacy, and this is because they do not have bedrooms. You also get less space to store your things in a studio as compared to a bigger apartment. Families with kids might find that studios are not comfortable for them after a while.