Independent floors have become more popular in the property market recently than high-rise flats. While high land prices are the main driver of this transition, other factors such as shorter possession times and greater space and privacy have also contributed to its growth. When choosing between a high-rise residential building and a low-rise apartment, a number of factors may come into play. Most of the time, it ends up being a problem because each housing option has a unique set of advantages. Most purchasers today prefer low-rise apartments, especially those who want a quiet neighborhood with fewer neighbors and more privacy. Many prospective homeowners are choosing to buy or invest in low-rise apartments because of the factors outlined below.
Privacy at an affordable price: Many wise investors purchase independent, low-rise floors during their pre-launch phase because they are aware that once they are launched, their value will increase to its initial face value. Others turn such independent floors appear to be luxurious for a very affordable price by using their imagination with the interior aesthetics to sell or rent it out at a much higher price.
Cost-effective and maintenance-free: The difference in price between a builder’s floor and a multi-story apartment results in significant cost savings, including maintenance costs.
An environment sans chaos: Think about what it would be like to truly live in a mess-free environment. Living in an independent floor gives you peace of mind because you are not at risk from other individuals utilizing the same lift repeatedly throughout the day. In a high-rise society, chaos is inevitable because you can hear the doorbell of the house next door ring; another apartment’s balcony is right next to yours, and so on. Owning your own apartment seems amazing in terms of privacy and independence, doesn’t it?
Expect a greater price when selling it off: You can purchase an independent floor in Delhi, Hyderabad, Pune, or Gurgaon.The cost of the entire floor may be calculated, and it will be substantially greater at the time of sale compared to the cost of the floor when purchased or in its pre-launch/launch period.
Floors can be shared with relatives or acquaintances: The joy of sharing the property can be increased by doing so quickly with family or friends. Of course, having a builder floor gives you far more freedom in this decision-making process than sharing the property in this way in high-rise structures.
Gated neighborhood: Living in a gated community has many advantages, making it a desirable place to call home. Investors continue to prioritise a gated community even if other initiatives draw them in.
Deluxe amenities: One of the many benefits of residing in an independent floor is having access to a variety of amenities, especially those that are already provided and have higher demand. Living on separate floors saves money because it would otherwise be prohibitively expensive.
Expanded living space: Without a doubt, independent floors have always offered great carpet area and balconies. The majority of projects now offer a separate terrace area with a built-in terrace garden and a communal gathering place. Some even have an office or work place with private access for all floors in the basement.
Security and safety: Independent floors are designed to provide a secure and safe environment. Separate floors offer solitude, but many communities also have electronic or manned security at their access and exit points nowadays.
Low population density: It has been noted that the current spike in demand for low-rise flats may be connected to urban overcrowding and a lack of sufficient space. Low-rise flats have fewer floors and families, which leads to a slower rate of population expansion and a more hassle-free way of life.
