The trend of owning small flats among single working individuals has popularised the concept of studio apartments. Space efficiency, affordability and low-maintenance costs are some of the primary drivers behind the increasing demand. A studio apartment is generally a self-contained space that houses everything in a single room with a separate bathroom.
Studio apartments have recently gained popularity in India. This can be attributed to the movement of working professionals to metro cities where real estate is generally expensive. The concept is catching up with investors as well as tenants as such options get decent returns in metros such as Mumbai, Bangalore and Gurgaon. Studio apartments are also known for earning short-term rentals.
Studio apartments are based on the theory of optimum space utilisation. Hence, such apartments have minimum obstructions and walls inside them. However, the concept of studio apartments in India still lacks awareness and clarity, as in some cities, a 1 RK unit is marketed as a studio apartment. The size of studio apartments can vary between 200 sq ft and 750 sq ft, depending upon the location, demand and the developer.