Introduction
Demand for 3 BHK houses in Hyderabad has increased significantly. In keeping with this trend, IRA Realty has planned IRA Miracle in Kollur. It is Rs. 99.28 lakhs and offers 3 BHK units. In this article, Openplot explains the evolving needs of home buyers in Hyderabad and how IRA Realty caters to them.
Table of Contents
- Why Are 3 BHK Houses Becoming Popular in Hyderabad?
- 3 BHK Houses Require Spacious Living Space
- Increased Affordability
- Rental Opportunities Are High
Hyderabad is also a famous housing market for the growing pearl processing and trading sector. Biopharmaceutical industries, IT hubs, and Special Economic Zones (SEZs). The city is a prime real estate investment destination. Buyers from across the country and abroad. However, buyers’ home preferences have changed in the post-COVID era. Buyers are now ready to upgrade from the earlier popular 2 BHK homes to larger units offering their hybrid work models.
Why Are 3 BHK Houses Becoming Popular in Hyderabad?
3 BHKs are becoming popular in Hyderabad as families seek more home space and comfort with the growing demand for larger living spaces. The developers increasingly focusing on constructing 3 BHK apartments to cater to this trend.
These larger units are seen as more versatile, allowing additional rooms to be used as home offices or guest bedrooms. The trend towards 3 BHKs also reflects a shift towards more modern and luxurious living standards in the city.
3 BHK Houses Require Spacious Living Space
Hybrid work models have led to flexible living and versatile work environments. Demand for units with facilities catering to personal and professional needs has increased. These units often have designated office spaces. There will be high-speed internet connectivity and communal areas for networking and collaboration between residents.
Many units offer on-site fitness centers, co-working spaces, and concierge services to enhance the overall living experience. As remote work becomes more prevalent, the popularity of these flexible living arrangements is expected to grow. This makes 3 BHK configurations an ideal choice. The importance of privacy for adults and children has increased the demand for additional rooms. Hence, IRA Miracle by IRA Realty stands out among many projects.
Increased Affordability
With the steady rise in urban incomes, there has been a significant shift in home-buying preferences. The number of home buyers of 3 BHK units has increased further. These factors have increased the demand for larger houses. Essential factors include getting low home loan interest rates from the bank.
There is a need for more substantial projects in remote areas that provide better lifestyle facilities. Homebuyers are looking for greener surroundings while working from home. They are also willing to invest in such projects to get the latest facilities.
IRA Miracle is fully landscaped. This IRA Miracle offers gardens, lush surroundings, and modern amenities like pool tables, spas, and libraries. It is a project that strives to meet the expectations of contemporary home buyers.
Rental Opportunities Are High
Hyderabad’s expanding industries and IT sector ensure an ever-increasing demand for rental housing. Many professionals and students who want a comfortable and spacious rental property find 3 BHK units attractive.
This approach reduces their monthly expenditure because they can be shared with more roommates. Hence, homeowners can explore the potential of their 3 BHK units to earn rental income either fully or partially.
Conclusion
The demand for 3 BHK units in Hyderabad has increased tremendously. As the population grows, disposable income increases for everyone. This increase in demand can be attributed to factors such as improved infrastructure in the city. As a result, developers are focusing on building units above 3 BHK to meet this demand. This increase in demand will continue, as Hyderabad is a desirable location for real estate investment.