Research suggests which new Indian real estate schemes are in demand

The success of different Indian real estate projects could be defined by the size of the homes they have on offer, according to new research.

Sulekha.com has run a survey of the country’s homes market and discovered new buyer trends which could impact on the potential of new projects. India has a number of new real estate schemes under construction despite a slump in the market over the last year.

The site suggested home size is related to location. For example: A web search study from the company showed one-bed homes projects were most popular in Mumbai, and three-bed homes were rising in popularity in IT hub Bangalore.

Sulekha said: “A similar kind of trend as Bangalore has also been observed in the city of Hyderabad. This can simply be attributed to the fact that even in hard times of recession, real estate prices have been luring these users and thus the search results.”

The research also suggests renting out real estate could be a good move for those buying new property, as the growing Indian middle class is currently struggling to buy houses in the current climate.

Examples of new one-bed homes projects in Mumbai include the Lodha Casa Univis scheme, a mini-township divided across five clusters.

In Bangalore, new property schemes with three-bed apartments include Aquila Heights, developed by Tata Housing with a December 2010 completion date.

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