The most common reason why people prefer 2 BHK flats in Mumbai over other options is cost. However, is price the only factor that makes 2 BHK apartments in Mumbai a popular alternative to 1 and 3 BHK? No. As a seasoned real estate broker in Mumbai, we’ve come up with some other reasons. Let’s look at them.
Adequate Space for Modern Families
2 BHK flats in Mumbai obviously have two bedrooms, a living room, a kitchen and two bathrooms, depending on the project you choose. A standard set like this is much easier for a modern family to manage in everyday life. Parents use one bedroom, while children use the other. The master bedroom can double as a home office setup for either parent or both, based on its size.
On the contrary, a 1 BHK flat proves to be smaller. For a family of four, it calls for adjustments. So, either the parents or the children sleep in the living room. Working from home would also have several space limitations.
A 3 BHK property offers more space. For a 4-member family, maintaining such a large home, along with not just its buying price but other expenses such as maintenance, could be overwhelming.
Suitable for Couples Planning a Family
Couples planning a family also choose 2 BHK flats over the smaller or larger counterparts for the same reasons: space and cost.
For younger couples, buying a 2 BHK flat refers to future preparedness. Out of the two bedrooms, initially the couple uses one bedroom and reserves the other for their children or uses it as a home office space. Thus, it doesn’t have to immediately upgrade the property as the newborn grows.
Better WFH Flexibility
Remote and hybrid working are shaping the residential needs and decisions of modern Mumbaikars. For those who work from home, a 1 BHK proves to be an inconvenient option. 3 BHK is too large and expensive.
So again, in this case as well, a 2 BHK apartment fits in appropriately. It provides the flexibility to separate professional and personal space. Accordingly, one bedroom can double as a home-based office space.
More Options in Established Residential Neighbourhoods
When it comes to residential units, you will find more 2 BHK flats for sale in Mumbai than 1 and 3 BHK. Major residential neighbourhoods such as Kandivali West, Borivali, Malad, Goregaon, Kandivali East and Ghatkopar have more 2 BHKs for sale than other types. Therefore, finding the best-suited 2 BHK is much easier than other apartment types.
However, yet another reason is a Mumbaikar’s practical approach. Mumbai’s geographical spread is among the widest in the world.
For example, travelling from Borivali in the north to Marine Lines in the south takes nearly an hour even in a local train. While an hour doesn’t seem too much, a practical Mumbaikar thinks smartly. Instead of buying a 3 BHK in Borivali and spending an hour or two more commuting to the workplace, they buy a 2 BHK in a nearer location.
Of course, the closer you are to Mumbai’s downtown area, the costlier your home. But if money isn’t as big a constraint, for a Mumbaikar, a smaller home in a closer locality seems better than a larger home in a distant place.
Higher Resale and Rental Demand
2 BHK flats in Mumbai have a higher resale and rental demand as well. The reasons are obvious. Two-bedroom homes cater to a broader audience, including couples, small families, professionals and tenants looking for some extra space to live more comfortably. Therefore, they prove to be a better investment from the resale and rental perspective.
Balancing Lifestyle and Maintenance
A larger home may mean more furniture, cleaning effort, electricity use and maintenance. A 2 BHK apartment provides enough space for a small family. It neither compels them to compromise on space as they would in a 1 BHK, nor comes with exorbitant maintenance premiums and effort.
Mumbaikars look for homes that offer practical use rather than just a broader carpet area. For them, functionality and usage matter more than the prestige associated with buying a larger home. Two-bedroom homes offer a better balance between lifestyle and maintenance for such residents. Hence, they choose 2 BHKs over other options.
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FAQs
Is a 2 BHK flat enough for a family of four?
Yes. A large enough 2 BHK flat with a living room, kitchen, two bedrooms and two bathrooms can comfortably accommodate a family of four.
Which factors matter more while buying a 2 BHK in Mumbai?
The most crucial factors include location, carpet area, connectivity, construction quality, builder reputation, total ownership cost, resale value and the surroundings.
Is a 2 BHK flat suitable for a first-time buyer?
Yes, why not? A 2 BHK offers more flexibility than a 1 BHK and is more affordable than a 3 BHK. So, it automatically creates the sweet spot for a first-time buyer as well.