Mumbai’s 1 BHK Flats: Price-Friendly Housing Option With Comfort
A 1 BHK apartment is an abbreviated form of a one-bedroom hall kitchen apartment. A 1 BHK apartment in Mumbai is self-explanatory, with a separate living space, kitchen, bathroom, and bedroom. Mumbai's 1 BHK flat price ranges from moderate to high depending on the house's location in the city.
Variations of 1 BHK Flats in Mumbai
1 BHK flat prices in Mumbai depend upon their available variations. The first variation is a smaller version of the 1 BHK accommodation called a 0.5 BHK home.
It is not to be confused with a 1 RK studio. Unlike it, a 0.5 BHK flat in Mumbai has a separate bedroom. This bedroom, however, will be comparatively smaller as compared to the master bedroom in a one-bedroom hall kitchen.
The second variation is a bigger accommodation called a 1.5 BHK flat in Mumbai. This type of residence has everything that a 1 bedroom hall kitchen has plus an additional smaller room. While many people choose to convert this extra room into a smaller spare bedroom, you can also convert it into a study, a pooja room, or anything else.
It is crucial that you understand the difference between these two variations of 1 BHK flats when you are house hunting and accordingly bargain for the best property rates in Mumbai.
Reasons To Buy 1 BHK Flat in Mumbai
Compared to bigger homes like 2 BHK, 3 BHK, 4 BHK, or villas in Mumbai, the
price of a 1 BHK flat in Mumbai is much more affordable. 1 BHK properties come under the category of low-budget flats in Mumbai, depending on their location, connectivity, and developed neighborhood.
Since a 1 BHK residence is smaller, it also leads to smaller bills like utility and maintenance.
Thirdly,
Mumbai's 1 BHK flats are priced as affordable because the market value of a one-bedroom hall kitchen is also lower than bigger homes. This means your house loan EMI, stamp duty charges, and registration costs will all be much lower.
Also, 1 BHK homes are more suitable for smaller families. A single-bedroom hall kitchen can only comfortably house two adults. Opting for a 1.5 BHK will increase the housing capacity to 2 adults and one child.
There is a huge demand for
1 BHK flats in Mumbai priced at affordable rates. This is because Mumbai houses a lot of working professionals, and the availability of affordable housing options that still offer quite a space has made 1 BHKs very popular in Mumbai.
If you're looking to invest and your budget matches the property price in Mumbai, then a single-bedroom hall kitchen will be the best option. Research the projects & builders in Mumbai that offer 1 BHK in different localities and find your ideal property.