One of the most trending and intriguing concepts of an affordable lifestyle in a limited space is the studio apartment. Though coming from the Western world, this concept has gained potential in India, too. The demand for studio apartments in India is riding an upward spiral in the residential and commercial real estate market of the country and is expected to grow further.
What fascinates a potential property buyer about investing in studio apartments? What’s so special about this concept? Here, we’ll take a dig into the studio apartment as an economical way of living while not losing heavily from pockets.
Basics of Studio Apartment
A studio apartment is a one-room living configuration with optimised space allotted for multiple rooms such as living room, bedroom, kitchen, and dining room into a single large room. However, a studio apartment in India may include partial walls for privacy for the guests when they arrive. The bathroom is made separate or located at a corner within the space.
Major metropolitan cities in India such as Delhi, Noida, Gurgaon, Mumbai, and Bengaluru have propelled the demand for a high-class living on the lowest budget possible. This is where studio apartments stamped their importance. Because of the dense population and shortage of space in India, this concept has ensured an economical and comfortable way of living.
Youngsters with a low budget often go for studio apartments than 1 BHK because of certain advantages and amenities. Studio apartments such as Gaurs Runway Suites can be a reliable solution for a densely populated country like India when it comes to the shortage of space.
Sizes of Studio Apartments
A studio apartment is one compact, innovative space for every room. They work on the principle of maximum space utilisation without incurring any wastage of space. Wall separations are used the bare minimum and sometimes not used at all. Usual studio apartments in India have an open floor plan, which differs in the city and the locality.
Sometimes, a 1BHK apartment with fewer separations can be rented as a studio apartment, while some are constructed specifically for the purpose of smart living. In India, modern housing townships like Gaur Yamuna City provide this compact form of housing. These studio apartments are built based on the city, location, population density, price, the brand of the developer, and several other factors.
Different Configurations of Studio Apartments
Studio Apartments come in various configurations as they are designed to complete maximum requirements in a limited space. Here are some common configurations and types of studio apartments:
- Open Floor Plan: Most traditional and common studio type, featuring a single, undivided space for living, dining, and sleeping. However, the kitchen and bathroom are typically separated.
- L-Shaped Studio: Configured in an L-Shaped, this studio apartment allows a bit more separation between various rooms.
- Micro-Apartment: Ultra-compact studios designed for maximum space efficiency. They feature clever storage solutions with fewer design elements for a tiny footprint.
- Convertible Studio: Designed with a distinct sleeping area from the main living room. Separation is typically done through glass partitions, sliding doors or other divider types.
- Alcove Studio: These configurations have a small nook or alcove set apart from the main living room. This alcove can be transformed into a bedroom, while the main space is dedicated to dining and other purposes.
- Loft Studio: This configuration features a raised sleeping area accessed using a ladder or staircase. The lower level is used for dining and living, while the loft serves as the bedroom.
- Industrial Studio: These studio configurations give an open, loft-like feel with exposed pipes and brick walls. With high ceilings and large windows, these studios have a unique and urban character.
Studio Apartment vs. 1BHK
While studio apartments are still a new concept in India, 1BHK has already transformed the overall living style of Indians. 1BHK, as an affordable living configuration, has won the hearts of many youngsters and budget-conscious families. However, both of these concepts are different in many ways.
- Studio apartments are designed without wall separations, whereas 1BHK has wall separations with a bedroom, living room, kitchen, and hall.
- A studio apartment is one large room with maximum space usage. 1BHK provides a clear distinction between each room, separated by a wall without completely utilising the space.
- Studio configurations are best for a single person. While 1 BHK is ideal for a family or a couple who want privacy.
- Studio apartments can hold many personal belongings, whereas 1 BHK apartments feature wardrobes and plenty of space to store personal belongings.
- Studio apartments cost less to construct and design, whereas 1BHK costs more for walls and other partitions.
- Studio apartments will give low rental returns compared to the 1BHK living configuration.
Advantages of Studio Apartments
While we have learned that a studio apartment is a one-room compact apartment, this living configuration comes with many advantages, too. This living style can be a hit in the Indian real estate market if announced on a much larger scale, as it ensures high-quality living at lower prices.
Let’s know the various advantages of choosing a studio apartment.
- Best suited for bachelors or single persons who prefer to stay in bachelor pads.
- Suitable for young couples who are budget-conscious or facing a cash crunch.
- Costs less to build as compared to other housing configurations.
- Easy to maintain and clean.
- Less electricity bills as there is no requirement for separate lights and switchboards.
- Less energy consumption
- Spacious enough to adjust home workouts.
- Very low maintenance cost
- Less rent compared to 1 BHK apartments
- Suitable for temporary stay.
- Built in central locations and hence better travel connectivity.
Investment Potential for Studio Apartments in India
Building a studio apartment costs relatively less than building a 1 BHK or a 2 BHK apartment. However, as this is an economical living concept, the rent will also be lower than 1 BHK or 2 BHK unless there are additional facilities like a gym, swimming pool, and sports club. Usually, the rent will vary based on the location, size, interiors, additional facilities, etc.
Studio apartments are mostly trending in big metropolitan cities like Delhi, Noida, Gurgaon, Mumbai, Bengaluru, and Chennai, with high employment and population density. Studio apartments are not successful in less populated semi-urban cities, so there won’t be a market expansion of this real estate type.
Some significant real estate developers, such as Gaurs Group, have introduced their commercial studio apartments called Gaur Aero Suites to the property market of Noida and have proved their vision to develop this city into a futuristic tech hub with glorious commercial and residential spaces. These upscale apartments are suitable for people who prefer living in posh areas.
Conclusion
The concept of studio apartments in India might prove to be a big hit as the country is tirelessly moving towards world-class living facilities with top-tier infrastructure. While these apartment types are cost-effective to design and suitable for a single person, they will transform the real estate industry in the coming years.
Many renowned builders have shown interest in making high-quality studio apartments in India, where Gaurs Runway Suites at Gaur Yamuna City is the shining example. These commercial studio apartments can solve the space problems in densely populated cities.
