The Economic Times-Delhi NCR realtors shrink home sizes in affordability push
Developers in Delhi NCR are considering reducing apartment sizes to enhance affordability and attract buyers in lower price segments, as the average flat size has surged from 1,250 sq ft in 2019 to 2,435 sq ft in 2024, with some builders exclusively launching units over 3,000 sq ft, making homeownership increasingly expensive for mid-segment buyers.
However, this year, many developers are considering launching flats with a starting size of 1,500 sq ft to ensure prices remain between ₹2-4 crore, said industry leaders.
"The projects we launched last year had an average size of 2,700 sq ft. However, we have observed that apartments around 2,000 sq ft are more in demand. Keeping that in mind, most upcoming projects will range between 1,800 sq ft and 2,200 sq ft. There is some softness in the higher price segment, where competition is also more intense. We aim to stay within the ₹2-4 crore price bracket, and going forward, 90% of our inventory will fall within this ticket size," said Pradeep Kumar Aggarwal, whole-time director of Signature Global, a Gurugram-based real estate developer.
