Since the last few years, there has been an increasing demand for micro-living. Micro-living is basically a micro-home or a micro-apartment which is self-contained, single-bedroom unit and are mostly meant for single occupancy. These units are sized between 50 and 350 sq. ft and are mostly found in urban catchments.

Micro-homes are not just limited to its affordability attributes but what make them stand out is their well-equipped modern comforts and amenities, the location and their designs. Most people are of the conception that micro-homes are for students or young professionals, but what is unknown is that they are designed with a separate bedroom and kitchen, thereby making it popular with small families too. Instead of paying high rents or taking out huge loans, one can easily opt for affordable micro units.

An upward thrive in the demand of micro-homes have been witnessed in cities of large migrant population including Gurgaon and Noida. Our country is the abode of around 440 millennial, which makes it the largest in the world and most of the micro-homes have been occupied and popular among the young generation who prefer location and lifestyle over space.

Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global says, “Micro apartments has bought in a new trend in the real estate sector. Micro-units are not only popular amongst the end-users but also attracting the investor community to a large extent. Micro-homes generally come under affordable units and directly or indirectly, it is assisting in reaching PM Modi’s target of ‘Housing for All by 2022’ by laying out projects at affordable rates.”