Why are houses small in India?
As the number of unsold houses piles up and homebuyers increasingly become more cost-conscious, India’s real estate developers are making smaller housing units in a bid to divide costs and cut their losses.
Are houses in India small?
Most Indian Homes Are Smaller Than A Jail Cell! Most Indians live in jail. … Of course, given India’s overcrowded jails, prisoners may well have far less living space. Similarly, in urban areas, the poorest 60% of families live in houses that have an average floor area of 380sq ft or lower.
Why property in Mumbai is expensive?
Housing prices are so high that people aren’t able to buy houses with their own savings. Even rented houses are not easy to get these days. There is no land patch left in Mumbai for affordable housing and most slums are on illegal land. … This also tends to push people towards informal and illegal housing like slums.
What is the life of an Indian house?
Ideally, the average lifespan of any concrete structure is 75-100 years. But, it is considered that the average life of an apartment is 50-60 years while of a house it is 40 years.
What is the age of flats in India?
The life span of a concrete structure is about 75–100 years, the average life span of an apartment is 50–60 years and a house is average 40 years. Although Eco-friendly and green constructions have a longer life span, minimal maintenance can help increase the life span of any building.
Which is the richest area in Mumbai?
Top posh areas in Mumbai, with property prices
- Malabar Hill.
- Cuffe Parade.
- Bandra west.
Which is the costly area in Mumbai?
Altamount Road is the most costly area of Mumbai. It’s indeed one of the top 10 expensive streets in the world.