Why are independent floors getting popular among Gurugram homebuyers?
The involvement of shareholders and builders is driving up demand for independent floors in Gurgaon. Growth is driven by location advantages and individual floor living. In 2021, over 5000 independent floors were initiated, with the majority taking place in Gurgaon. In comparison to high-rise apartment buildings, Gurgaon’s low-rise industry is thriving. Residents benefit from more living rooms and solitude as a result of independent floors. Large balconies, elevated materials, and greater plumbing and electrical fixtures distinguish independent floors from apartments. The shift from high-rise condos to low-rise transitional housing is an entire reversal of the current trend and buyer personal choice.
Salient features of independent floors in Gurgaon
- 4 BHK Independent Floors- spacious and opulent
- Home Automation has been added for smart living.
- Possession is anticipated in two years.
- Low-rise development type Living on one’s own
- Relax in your own terrace garden.
- The array of contemporary amenities and features
- Outstanding and uninterrupted access to prominent locations
Reasons for the popularity of independent floors in Gurgaon
Low-Rise Homes are low-maintenance and high-comfort: Independent floors have minimal upkeep expenses for both end consumers and developers. Independent floors have fewer floors than high-rise residences, which can have up to 70 floors depending on the acceptable limit of different state governments. The servicing costs in high-rise societies are doubled or tripled when compared to low-rise colonial possessions. Most homebuyers are willing to pay a higher selling price for independent floors in exchange for a lower cost of maintenance, a simple and pleasant life, and a peaceful and passive lifestyle.
Highest resale value: According to several real estate professionals, the opportunities of selling a low-rise apartment at a decent to reasonable price are better in later life. Because of the low population density, the depreciation value of independent floors is lower, implying that they grind down at a slower rate than any other housing category, particularly the premium and luxury segments. It entails a higher resale value proposition, which is the reason they are heavily invested in Gurugram.
Independent floors are environmentally friendly and energy-efficient: These low-rise gated societies are earthquake-resistant constructions and have a much-improved shelf life than high-rise buildings. The construction plans to focus on the expansion of green spaces, parks, lawns, gardens, and yoga and meditation areas.
What “Stilt Plus Four Floors” Construction Means for Guru gram’s Flourishing Plotted Residential Breakthroughs
In response to public demand, the Haryana government enacted the policy in 2019 to allow the building of up to four floors, with a stilt neighborhood reserved for parking. The desire for low-rise independent floors drew a significant upsurge of homeowners to the Gurugram housing market, with a preference for investing in orderly, low-density walled compounds. As per estimates, the number of independent floor projects launched in Delhi-NCR has increased by 42%.
Provided Gurugram’s current infrastructure challenges, the development of additional floors has aggravated the supply of services like water, drainage, electricity, security, and sufficient parking space. This is because the colonies were originally designed to be fitted with amenities to accommodate a density based on the allowable two-and-a-half-floor houses. It has also put a significant strain on the mapped colonies’ existing infrastructure, and the officials have done nothing to address the growing problems in these residential areas. As a result, residents have applauded the Haryana Government’s ban on “Stilt Plus Four Floors”
Moreover, this decision will have an impact on the city’s real estate market as it will increase the cost of plots and make them more costly for buyers because supply will be reduced. Until recently, building owners and home builders invested in residential properties in licensed colonies, with prices set to make margins by creating four floors. According to experts, with only three floors allowed by law on residential plots, margins and requests for plots are projected to decrease. The cost of a builder’s floor, on the other hand, is likely to rise because many people already have purchased land at increased prices.
Conclusion
An independent floor can be revamped as long as the building layout remains unchanged. When compared to an apartment, there is more freedom on a floor property. A section of the floor or the entire floor can be rebuilt. An independent floor creates a sense of the room, especially on the ground floor. Floors are low-rise buildings with no more than five floors.
Independent floors are the newest and most popular type of housing today, particularly in urban areas. The best thing about them is that they have the independence of an apartment while also having the luxury of a house. Independent floors serve as a link between bungalow plots/kothis and high-rise apartments. So, if you plan to purchase one, make sure to consult with an expert before purchasing your personal yet popular dreamland.
