1 BHK – The Most sought after Inventory in Mumbai
1 BHK apartments are supposed to be the Hottest in any location in Mumbai to sell. The reason being is that in any micro location in Mumbai, these come at the entry price. For example, if you are looking at Andheri West, then a min budget you need to own a decent flat is around 1 Cr – which means if you are looking at 600 sq.ft – your price is coming to close to 18000 PSF conservatively.
With in efficient DCR Rules and a restriction imposed at nearly every step the developers are forced to go by the book and make stereo type buildings with No Balconies or Dry areas and charging fungible fsi, which means that to consume the FSI either the building has to very small or the plot has to be just about the size to take up construction of say 450 to 500 sq.ft (Carpet area) apartments.