One is company, two is a crowd
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One BHK is the preferred option these days
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Youngsters in the city are heading for one-bedroom condominiums of late. Owing to budgetary constraints, that is a more viable option than staying in a two-bedroom condo or hostel or as a paying guest (PG). As a result, smaller real estate dealers in the city are slowly waking up to realise the worth of one-bedroom dwellings.
“It is mostly the software professionals, call centre employees, banking professionals or students who prefer one-bedroom accommodation,” says Sriraj, a rental consultant. The accommodation that can house two or three persons usually comprises a bedroom, living hall and a tiny kitchen plus a bathroom.
“There is no quality life in a PG or a hostel for the amount they charge,” laments Aditya Dev, an animation student. During his two-month stay at a hostel in Begumpet, he and two of his roommates were packed in a small cubicle room for which they paid Rs. 2,200 per head.
The per head cost in the case of a paying guest accommodation (that includes food and accommodation) works out to between Rs. 3,500 and 4,000. Two or three-bedroom flats are no longer in vogue thanks to the cost factor that is burning a hole in one’s pockets.
While two-bedroom flats come for around Rs.15,000 month, the rent for one bedroom accommodations are in an economical range of Rs.3,500 to Rs. 8,000. One-roomed dwellings ensure privacy and save the hassles of having to fill up drum loads of water.
“The rent is reasonable and the problem of bathroom-sharing is considerably lessened,” says James Robert, a student. Single-bedroom housing has twin advantages. The owner also doesn’t lose out on money earned from a rental and at the same time, is a cheaper alternative to the pricey multi-bedroom condominiums.
The demand for one-bedroom dwellings is soaring in areas surrounding Hi-Tec City and Kukatpally.
YOGENDRA KALAVALAPALLI
(in Hyderabad)
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