Reasons why Bungalows are good Investment options:
Timeless Status Appeal- Bungalows have been in the real estate market since time unknown and the best thing is that they are never out of fashion. They project a social status. A bigger house in a thriving locality would obviously give people an idea of your richness and affluence.
Best for Joint Families- A bungalow is the best option for growing families. Due to its larger space, two generations can happily thrive in the home. Since it is a single storeyed development, it is good for children and senior citizens also. A larger compound gives your children endless possibilities to grow and create childhood memories. A strong sense of family togetherness can be felt in a bungalow.
A good Investment Option- Apart from its advantages as a good place to live, bungalows can also be a perfect investment option. The value appreciation of bungalows are much higher than that of the flats. The value will be even higher if the project is situated in a well-established locality.
It is always better to buy a bungalow within a township project. The first benefit you get is the economies of scale. A township project is a large scale development. If you invest in it, you get the advantages of a ready-made infrastructure- both physical and social. They will also offer a better view that you would otherwise not be able to avail.