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Studio apartment supply down post Covid, says report

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projects.The report from Anarock states that out of the total 884 projects launched in 2020 across the top seven cities, about 130 projects offered studio apartments (a 15% share).

In contrast, of the 1,921 projects launched in 2019, around 368 (19%) offered studio apartments.Also Read | Dissecting Ola’s audacious electric dreamsThe drop in supply is in line with changing preferences among the buyers, suggests the report.“In 2020, the covid-19 pandemic hit, bringing with it the uniquely new work-from-home and study at home compulsions requiring larger homes.

The onus also suddenly shifted from expensive central locations to the more cost-effective suburbs and peripheries. In a single year, studio apartments' new supply share dipped to 15%,".

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