Average apartment sizes in top 7 cities grew 10% in 2020, sa

Average apartment sizes in top 7 cities grew 10% in 2020, says study


Average apartment sizes in the top 7 cities have risen by 10 per cent on a yearly basis – to 1,150 sq ft in 2020 from 1,050 sq ft in 2019, said a new study.
Trends for the past four years indicate that average apartment sizes were declining y-o-y since 2016. The year 2017 saw the maximum yearly decline of 13 per cent in average apartment sizes in the top 7 cities against the year before – from 1,440 sq ft in 2016 to nearly 1,260 sq ft in 2017, said a report by Anarock Property Consultants.
"A fairly sudden change in consumer preferences against the backdrop of Covid-19 exigencies in 2020 first halted, then reversed the ‘honey, I shrunk the flat’ effect," the report said.

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