Avg flat size expands 11% in 2023, demand rises for bigger homes: Anarock
Builders are constructing bigger homes to meet consumers’ demand as the average size of flats rose 11 per cent last year across seven major cities, according to Anarock.
Real estate consultant Anarock has analysed the fresh supply of housing units during 2023 across the primary residential market of seven major cities.
The data showed that average flat sizes in the top 7 cities rose to 1,300 square feet last year from 1,175 square feet in 2022.
In the Mumbai Metropolitan Region (MMR) and Kolkata, the average size of apartments fell, but it grew in Delhi-NCR, Bengaluru, Hyderabad, Pune and Chennai in 2023.
The average size stood at 1,050 square feet in 2019, 1,167 sq ft in 2020, and 1,170 sq ft in 2021.
“Northbound housing prices in the top cities have in no way dispelled the demand for generous living spaces,” Anarock Chairman Anuj Puri said.
The supply of bigger luxury homes increased significantly last year, he said, adding that around 23 per cent of the total new launches were

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