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Hey! IM Readers. We hope you are liking our blogs. With a goal to educate you about real-estate norms and keep you updated about best properties at prime locations in your preferred area, we are back with another insightful blog. So, let’s get started.
What is standalone building?
Have you ever heard of the term standalone building? Do you know what a standalone building is? No! Then, let me tell you. You have seen such buildings many times, maybe in your area or around it.
Here’s how a standalone building looks like.
Now, you remember.
So, a standalone building is a building that is about three or four stories tall. Each floor generally has only one apartment, which is also called a builder floor. Such buildings are built either for renting purposes, or to sell out each floor as a single unit. If you own a piece of land, you can turn it into a standalone building. This is why many people search for a Standalone building Gurgaon to buy.
Nowadays, many families in Gurgaon, Noida, and Pune and other parts of the country, put money together, buy a piece of land and convert it into a standalone building. This way, they can enjoy the privacy while having a property at a desired location. Large families also opt for this option instead of moving out and residing in different properties, far from the family. If you are looking to move with your large family in a standalone building gurgaon, then talk to your trusted property advisor.
You can clearly imagine the advantages a standalone building Gurgaon can offer, but there are few disadvantages as well. Let’s take a look at them.
Advantages vs. Disadvantages of Standalone Building Gurgaon:
Advantages |
Disadvantages |
Offers more privacy as you don’t have shared walls or common spaces. |
Requires a significant amount of investment to buy the land and build a standalone building. |
Owner has full control over layout and design of the property. |
Requires more maintenance as the owner is solely responsible for upkeep the property, such as repairing, landscaping, and more. |
Offers long-term capital appreciation. |
Can be more exposed to security concerns as a standalone building may not be a part of a gated community. |
Allows flexible use of the property; can be used for rental or residential purposes. |
Does not come with amenities such a gym, swimming pool, lounge area, and clubhouse. |
There is a limited scope of expanding the property if it stands on a small plot. |
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May not be well connected to roads or public transportation networks. |
In simple words, a standalone building offers more privacy and convenience of using the space, however it lacks in terms of security, amenities, connectivity to roads, and scope of expanding the property. Also, when it comes to building a standalone property, it takes a significant amount of money in its initial phase, first to buy a piece of land then to build a standalone property. All the expenses are borne by the owner of the property.
Let’s see how it differs from an apartment.
What is an Apartment?
An apartment is a section of a residential building that either occupies a floor or a section of the floor. It consists of rooms that form a residence.
Let’s quickly take a look at its pros and cons.
Advantages vs Disadvantages of an Apartment:
Advantages |
Disadvantages |
Often located at prime locations and close to amenities such as workplaces, schools, shopping malls, and hospitals. |
No scope of expansion as apartment owners have no control over the property. |
Maintenance handled by building management, so less worry for apartment owners. |
Strict rules and policies over the use of property space. |
More affordable than buying a property and building a home. |
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Come filled with amenities such as a swimming pool, parking, gym, clubhouse, and more. |
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Gives community-feel with the presence of a large number of families in the same property. |
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Enhance security with 24X7 security personnel at entrance, gated community, parking, CCTV surveillance, and more. |
From the above pros and cons, you can see that apartments offer more benefits than a standalone building especially in terms of lifestyle and security. So, what’s the conclusion? Should you opt for a builder floor in a standalone building or an apartment?
Conclusion:
Builder floor (flat) can come as an affordable option, however, you may not receive any amenities or security, and can also be far from key amenities or major roadways. As far as the value of property is concerned, it is much expected to appreciate in the future. However, if owning a home at a prime location was your dream, and you want to live a life in luxury or provide a life of comfort to your family, then go for an apartment.
You can choose from projects offered by top real estate companies in Gurgaon or your city, such as Inframantra. Nowadays, many developers are offering builder floor like flats to offer optimum exclusivity and privacy to the residents, along with a ton of world-class amenities. And the best part is, Inframantra will be your partner and help you find your dream home, stress-free that too without any brokerage. Hua na! Sone pe suhaga.
So, don’t wait! Property prices are rising, and the best residential apartments at the best locations are filling up fast.