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India is one of the fastest growing country in the world. India is a multi cultural country with all the required comforts and necessities for modern living. It has been constantly ranked as one of the top country for business and is always abuzz with a variety of activities across sectors. As a result, demands for flats has increased here. The major growth drivers that are responsible for boosting and re-defining the increasing demand for residential apartments are the good social infrastructure, exceptional educational institutes, IT growth and foreign investors. Infrastructure here is constantly improving. All the cities of the country are well connected to each other through rail, road and air. Information technology too has proved to be an important factor for this sudden rise in the demand of residential apartments in the city. Almost all the big national and multinational companies like Infosys, Genpact, Bosch, Deutche, Wipro, NBC, etc are present here. These firms are attracting people towards them as they provide great and well paid opportunities. For betterment in their career, people are looking for such jobs. Hence, a great number of people are migrating towards these, thus increasing the demands for residential. People are searching for better housing with a better lifestyle.

Features like spacious flats, high ceilings, modular kitchens, CCTV surveillance, intercom facilities, swimming pools, gyms, salons, outdoor activities, solar heating and rainwater harvesting facility, and Jacuzzi provided by such apartments are drawing people towards them. Rather than investing in bungalows these days, people are demanding for such residential dwellings. Many prominent developers , investors and end users have started to explore flat options in the cities. Another factor responsible for the increase in residential demand is the increasing population of the city. The people residing in plus the migrants both are creating an immense demand for such apartments. Flat residency provides inexpensive and economic living to students too. It even provides inexpensive and economic living to students too. Apart from this, affordability is another main reason for growing popularity of flats. It even provides inexpensive and economic living to students too. It even provides inexpensive and economic living to students too. Young corporate, specifically outstation migrants, prefer living near their workplace hence prefer flats. The trend of flat is also going famous among nuclear families as a n economical option. Easy access to loans is another positive factor increasing demand for flats. High securities in apartments have made families opt for flats more. 

 

Looking at the global terminology and various kinds of flats, some of them can be noted here;

Studio Apartment- Small in size and mostly taken up by bachelor friends.

Garden Flats- In India, concept of garden flat is emerging fast. Some space of the flat is converted into garden.

Two-Story Flat- in this kind of flat, two floors are constructed internally in a flat. 

 

Loft Apartment- In these kind of apartments usually the commercial place is converted into residential one.

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