Flats getting bigger: Size in NCR increases by 37% in a year; reflects pandemic-driven demand

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5 months ago

The average size of new houses in India increased to 1,300 sq ft in 2023 from 1,050 sq ft in 2019, with the National Capital Region (NCR) witnessing a significant rise. In the NCR, the average apartment size increased from 1,375 sq ft in 2022 to 1,890 sq ft in 2023, reflecting a 37% yearly growth. The shift towards larger living spaces is attributed to increased demand due to the Covid-19 pandemic. Over a five-year period, the average size of flats across India jumped by 51% from 1,250 sq ft in 2019. Luxury housing also witnessed growth, constituting about 23% of total new launches in 2023. Read The Rest at :

Economic Times

Topics:

Flats

NCR

pandemic-driven

living spaces

National Capital Region

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