It is common knowledge among people who deal in property that smaller the size of the house, the easier it is to sell. The moment a project like Omkar Residency, which is an up-and-coming residential project in Ambernath, Thane, is completed, its flats start selling like hot cakes. There are many benefits of investing in a project where there are 1RK and 1BHK flats.
They are cost effective
If you are a first-time buyer then investing in a 1BHK is an ideal option for you as it is far more affordable than a 2BHK or a bigger flat. It helps you to begin investing whenever you get an opportunity instead of waitin.g a small down payment and easy affordable instalments. To get a low down on all the investment opportunities near you, visit www.bestpropdeal.com.
Chance for everyone to own a home
Under Pradhan Mantri Awas Yojna, people in low income to mid income groups can get loans at very attractive rates when buying 1RK and 1BHK houses. Anyone can apply to avail this subsidy as long as there are no home owners in the immediate family. The government offers credit linked subsidy depending upon your income. People who fall under Economically Weaker Sections or Lower Income Groups can get a home loan subsidy of 6.5% fora tenor of 20 years. For Middle Income Groups subsidy can range from 4% to 3% for a tenor of 20 years. The maximum loan amount varies between Rs. 9 lakhs and Rs. 12 lakhs, depending upon the family income.
Also Read:-What Are the Benefits of Pradhan Mantri Awas Yojna?
If you are buying a 1BHK from solely an investment purpose, then also it is a great choice as they are very easy to rent out. The rent of a small apartment will obviously be lesser than a bigger flat, thus it can be a preferred choice for either nuclear families or single people looking for an accommodation just for themselves.
Get to stay in Eco-friendly homes
Under the Pradhan Mantri Awas Yojna, which aims to provide affordable housing to all Indians, all homes have to eco-friendly homes. As most of the houses under this scheme are 1BHK or maximum 2BHK, the chances are that if you buying a flat in a newly constructed complex like Omkar Apartments in Badlapur, you will be buying an eco-friendly home. This means that the material and technology used to build these homes is eco-friendly. You will also be doing your bit in saving the environment near you.
Get facilities of modern apartments
One of the reasons why people are hesitant to buy 1BHK is that they might not get all the modern amenities. But this could not be further from the truth. In fact, most of the newly constructed apartments provide facilities like car parking, security, community halls etc. that you get in housing societies which offer bigger flats.
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