Keep It Private With Builder Floors In Gurgaon
While the buzz about affordability never seems to stop in the realty sector, there is no lack of noise over luxury living, too. With a sharp rise in families with double incomes, fresh creative residential units are being turned into reality each day to feed the crowd looking for premium options. Among these, a builder floor is a novel concept, targeting families wanting a private space in a luxury set up. The Gurgaon realty market, with premium buyers as its primary customers, is fast becoming a thriving market in this segment. Builders such as Unitech, s and Orchid are already providing options in the segment in here, apart from several small players.
Keeping it private Based on the concept of aspirational living, the practice of constructing three or four-storied buildings on small plots and then selling off each floor to an independent buyer is slowly catching up in the metros. This has been a noticeable trend in the -NCR (National Capital Region) for decades now. Couples in the high-income group are fast moving into 2, 3, or even 4BHK flats in -NCR, occupying a single floor. Such floors in Gurgaon generally have separate electricity meter and water storage facilities, thus putting an end to any misunderstandings or unwanted disputes among occupants. The maintenance in such concepts is usually charged from apartment owners. Owning an independent floor in Gurgaon, for example means a better lifestyle offering a peaceful and liberated environment. It is easier to choose a location of our choice and join the plot owners or high-end builders to get a better deal. It offers a greater opportunity for like-minded people to stay together in the same building without being disturbed by others.
What is the flip side? While staying in such apartments you enjoy greater space, especially since the entire floor is occupied by one owner only, having to pay a higher premium to stake your claim remains a flip side to the situation. Other drawbacks of Gurgaon builder floor apartments include lack of amenities like swimming pools, gymnasiums, a power back-up system, and a security system that are available in high-rise apartment complexes and ready-to-move flats in Gurgaon, since purchasing each facility separately can be a tad difficult for the average middle- class owner. However, this is usually not an issue for those looking to invest in builder apartments in Gurgaon, because getting a space at a builder floor in is more of a lifestyle decision that is gradually replacing the trend of community living.
Low-cost areas rule the roost Current trends show that the availability of such apartments is more concentrated in metro cities such as Chennai, Hyderabad, Bengaluru, -NCR instead of high-cost areas like Mumbai. The builder apartments in Gurgaon are constructed in two ways. Sometimes it is a joint effort, where the landowners contribute the land while the builder places the money. In urban areas the builder gets one of the floors, while the rest are taken by the landowners. In rural areas the margin is slightly more for the builder, since the land costs are lower. Redevelopment is another option, which often takes place when an existing structure is razed to build another with a couple of additional floors.
Get it right Builder floors can turn into profitable ventures for those interested in investing in property in India, but you do need to tread with caution and choose to deal with scrupulous builders, with a good market reputation. It is important to research builders and their track records before making a decision. You can easily find out about a builder's past record by looking up customer reviews on the Internet and talking to others, who have done business with them in the past.