Studio Apartments are medium sized houses that have common walls. They are built by builders in large project ranging between 400 – 500 sq ft. The price band is less than 15 lacks.
Studio apartments are affordable, low priced, low rate of interest and the cost of registration is lower.
Maintenance cost is less.
The EMI to be paid is equal to the monthly rent to be paid.
1-BHK Flats are the booked initially and it generates cash for builders and provides capital for them.
It is best suited for bachelors, couples, singletons.
Parents staying with children for higher education are best suited rather than hostels.
One should select proper location like IT Center, Hospital, Business Center, Government Projects and Industries.