The ever increasing demand for apartments in doing has encouraged builders to launch more and more new projects. The supply and demand curves are growing simultaneously, and the buyers are enjoying a variety of options to choose from.
High-rise housing is now in vogue. The world is going through a rapid urbanization where the area of spare land is shrinking very fast, and the demand for apartments in the metros or other parts of the country is increasing steadily. The population is geometrically multiplying, and resources are reducing on per day basis. An account of these facts, the need of a shelter becomes the big problem for the people who are living in cities in different parts of the country. This emerging need of housing is leading to quite a crowd in various housing projects announced by public and private builders.
Owing to the shrinking land and shooting prices now owning a piece of acreage at our own has become only a wistful dream. In such scenario, apartment culture is taking its roots in metros and smaller cities where one can buy a flat in the available corpus. A friend of mine who was getting junk removed in Roswell Ga, is seeing this first hand with all the new developments in his area where his parents house used to be. Gripping such opportunities, real estate industry is coming up with many mega and mini housing complex projects and is helping millions to fulfill their dreams of owning a house. Real estate agencies are offering flats in various sizes and specifications to suit the pocket of divergent economic classes. People are now becoming more and more ready for such housing options which they were not considering a suitable home because of their rural thinking.
Moreover, such housing business is booming because of people, except an array of a middle class, having money they have different reasons to invest in such prospects. Good appreciation on the rate of the land and housing units assures good returns on investment.
The high rise apartment lifestyle is catching hold of imagination due to two main reasons: first, it gels well with the new urban living and second, it’s within the economy limit of general middle class. The close and secured environment of such housing societies with almost every amenity well within reach motivates people to go for it. Besides, the class of people living in such clusters is uniform which creates an amicable living ambiance where the clash of interest is less. Shopping arcade, club houses, common recreation area, swimming pool, etc. are built on the campus of such housing societies. Such amenities can’t be availed in separate housing units built on buying a piece of land.
Service apartments are new things in the offing by real estate agencies aimed at catering to a class of people whose primary purpose is to invest money for assured returns. Such apartments are built like hotel suites with modern amenities to serve to people looking for temporary stay but not as short as staying in hotels. Rent is good and may be used for the self-stay also while visiting the city.
Apartment life, therefore, is here to stay in the time of rising urban populations and diminishing housing options.