HomeNewsBusinessReal EstateDemand of single/double-storied flats much more in small cities than top metros

Demand of single/double-storied flats much more in small cities than top metros

This is because flats are an affordable housing option and a key component in the supply of rental housing in smaller towns, a report has said

August 21, 2020 / 14:50 IST
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Residential flats are not only popular in big metros, they are fast gaining acceptance in smaller cities with less than a million people and that, too, single-floor flats as opposed to multi-storeys, says the India Housing Report. It is an online archive and periodic report that brings together the disparate analytical work on housing in India.

This is because flats are an affordable housing option and a key component in the supply of rental housing in smaller towns, the report said.

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As a matter of fact the share of single-floor flats have increased over the last decade, more so in the smaller cities, it says.

As many as 24 percent of dwelling units in smaller cities are flats, as per the NSS 2018 housing survey. Overall, these units comprise over a third (31.3 percent) of the dwelling units in the urban areas, the report said.