If you are buying a property for an investment purpose, the ground floor is the best floor in high rise building for you. People, especially in Mumbai and Bengaluru, prefer upper floors, while buyers in the Delhi-National Capital Region (NCR) and Chennai prefer ground floors.
Definitely villa is better than an apartment, if both being compared are at the same location - But the villa would be 3–5 times more expensive. Investment - As long term investment (7+ years), villas are considered better investments than apartments. In fact villa plots appreciate much better than villas.
Flats are more economical
An independent house also has issues of security and maintenance. These can prove a deterrent, especially when apartment complexes and villas with state-of-the-art facilities are available".Flats are very easy to buy and an investor can take leverage on its fund, in conclusion the return is also very good. The possession delay by the builder is a major concern in case of flat investment.
The each person/s in whose name the apartment is registered shall be owner of the land on which the apartment building stands. However, in view of more several apartments in a building, each of the apartment shall be allocated an undivided share of land proportionate to the area of the apartment.
A plot has high flexibility as it has the option of building as per requirements, while modification and expansion are limited in case of a flat. 3. Rental income: Plots generate very low income and have a higher risk of litigation, while with the flats generate higher rentals.
Buyers will own these properties only till the period of 99 years after which the landowner can claim the ownership. Also, the landowners receive a ground rent as per the 99-year lease agreement. However, property owners can seek to the extend the tenure through lease renewal after the term ends.
We tend to think of buildings as being very permanent structures. According to a recent colloquium at the Getty Center, the average life span of a conventionally built building (masonry and wood) is about 120 years. But for modernist buildings (reinforced concrete and glass curtain wall) it's half that: 60 years.
Ideally, the average lifespan of any concrete structure is 75-100 years. But, it is considered that the average life of an apartment is 50-60 years while of a house it is 40 years.
Houses may last 100, 200 years or longer
If your buying an old house or even own one, it is wise to check the home out for structurally soundness and safety from time to time.Other Ways to Determine a Building's Age:
- Check the meter reader.
- Check the inside of the toilet.
- In log homes, it may be possible to tell the building's age by analyzing the tree rings in a piece of timber removed from the building.
The lifespan of RCC generally is taken as 100 years. However, there are some expected as well as prevalent conventions about design life span, which are given here: Monumental Structures like temple, mosque or church etc - 500 to 1000 years. Steel Bridges, Steel Building or similar structures - 100 to 150 years.
The median price paid by the bottom quintile to buy a house is Rs1 lakh, while the median price paid by the top quintile to buy a house is Rs10 lakh. The median price paid by the richest 1% to buy a house is Rs18 lakh, according to the survey.
New National Building Code of India. The National Building Code of India (NBC), a comprehensive building Code, is a national instrument providing guidelines for regulating the building construction activities across the country.
England has a long coastline of 3,200 km. In the south and west, the coastline can be rocky, with steep cliffs. The east coast is often flat and low lying, with beaches and mud flats.
Flats offer the opportunity for sociable living, with bedrooms and living areas often on the same level. This makes for a cosy, friendly vibe, but it needs some clever planning. Create clear zones in the space to separate areas and ensure household members don't feel as if they're living on top of each other.
Advantages & disadvantages of an apartment & a house
| Advantages | Disadvantages |
|---|
| Investing in a home helps a person to save money in the long run. | Owning a home makes the owner responsible for all the expenses like insurance, repairs, maintenance, upgrades and property taxes. |
Renting an apartment can be, but isn't always, less expensive than homeownership and its related costs. You can use a price-to-rent ratio to determine if renting makes financial sense. If the price to rent a house for one year is one-twentieth or less than the cost to buy the home, renting is a better deal.
Flat. A Flat or Apartment is a self-contained housing unit that occupies only part of a building. Apartments may be owned (by an owner-occupier) or rented (by tenants). The term "Flat" tends to be used in the United Kingdom whereas the term "Apartment" is favoured in North America.
There are benefits and drawbacks for both options. One of the main advantages of living in a house is the amount of privacy compared to an apartment. Without thin neighbouring walls on either side of the abode and thin floors that can amplify even light footsteps, houses are usually constructed to insulate noise.
Nothing can be more profitable than purchasing a flat at a price much lesser than the market rate. Moreover, the resale flats are fully constructed and come with a ready-to-move-in tag.
| City | Noida |
|---|
| Locality | Sec-77/Sec-78 |
|---|
| New Flats (Per Sq. Ft.) | Rs. 5000 |
|---|
| Resale Flats (Per Sq. Ft.) | Rs. 4200-4500 |
|---|
| Discount | 10-16% |
|---|
- Property Price: The first step in selecting a house or a flat is to fix a budget.
- Flat's Carpet Area:
- Land Record:
- Legal Check of Property:
- Apartment Possession:
- Financing Banks:
- Builder-Buyer Agreement:
- Location of the Flat:
Flats grow in value faster than all other properties: Average price increase of 60% over ten years is equivalent to £730 a month. Flats have increased in value over the last decade by more than all other types of property, with a massive 60 per cent price rise.
If you are buying a property for an investment purpose, the ground floor is the best floor in high rise building for you. People, especially in Mumbai and Bengaluru, prefer upper floors, while buyers in the Delhi-National Capital Region (NCR) and Chennai prefer ground floors.
Freehold is typically for houses and leasehold is usually for flats. Freehold means that you own the land and the building that sits on it. Leasehold means that you own a lease, which is a contract that gives you the right to live in the property for a set number of years (for example, 99, 125 or 999 years).
The Security Benefits of Living in a Flat
On the whole flats offer greater security against burglary than houses. In being less exposed than the average house, they present greater a dilemma and challenge to the average burglar.All other things being equal, a house will bring in more rental income than an equivalent apartment. But possibly not as much as the extra purchasing cost, given that houses sell at much higher prices. If you're looking to maximise rental income while minimising expenses then an apartment might be a better fit.
