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People move to metropolitan cities for various reasons and job opportunity is one of the primary reasons. As the overall population of these cities has started to increase, the number of apartments has multiplied significantly. The lifestyle of the current generation has pushed a majority of people to choose apartments over individual houses. 

Buying a house is a huge investment as it involves a huge sum of saving money. When you intend to buy a house, you must have a clear idea between choosing an individual house or apartment. For instance, the lifestyle of people living in flats in Chennai will be different from others. 

Although for most people the decision of choosing an individual house or apartment comes down to the economic standpoint, you should consider other factors before making a choice. Let us analyze every factor in detail.

How does the location play a major role?

In most cases, the price of properties will be very high in metropolitan cities, especially if you are looking for a house within city limits. While it is common knowledge that apartments come at an affordable price comparatively, you can still make smart choices to get the best deal. 

Premium amenities come at a cost

The current generation prefers apartments mainly for the amenities that come bundled with them. With several major real estate developers stepping into the market and raising the expectation bar of buyers, amenities like 24/7 security, covered parking, fire safety mechanism, water systems, power backup, etc.., have become the basic amenities offered in luxury apartments in Adyar. 

Although these amenities will increase the overall cost of the apartment, real estate developers will provide the best value for their money. In the case of villas, the residents will get amenities like 24/7 security, parking, welfare association, etc., that are also available in apartments. Every apartment will also have elevator facilities which will be helpful for old-age residents. 

Maintenance cost that comes along:

Your expenditure does not end after purchasing the house, you will have to pay maintenance costs. However, the cost will not remain the same and will depend on the type of house you choose. In most apartments, the maintenance is taken care of by the society’s association. But, you will have to pay a monthly maintenance fee for taking care of the lawn, pools, recreational areas, elevators, etc. The plethora of resources in apartments will increase the cost of services drastically. In the case of individual houses, you will have to spend time on maintaining the space inside your compound instead of spending money on maintenance. 

Living space you get:

One of the significant differences between an individual house and apartment is the space it offers. Apartments are basically more compact than individual houses and will have lesser freedom of choice when it comes to design and construction. In the case of individual houses, you can modify the interiors to suit your taste and convenience. Although apartments come packed with shelves, cupboards, and more., they will not cater to the requirements of everyone. For instance, the interior design of flats in Adyar will be the same without much difference and so you cannot increase the room size. 

Although you can choose the theme, wallpapers, shelves, and much more while the apartment is being built, you cannot alter them in later stages. Whereas in individual houses, you can alter the house in any way at any point in the future. You need not have to follow a cohesive design and install other amenities in your home. 

How does the cost play a major role?

Cost is ultimately the deciding factor for most people. If you are planning on buying luxury apartments in Adyar, the cost will definitely be a bit higher on the scale comparatively as the locality is situated in the city and comes packed with a ton of amenities. Moreover, the overall cost of buying an individual house or apartment will also include government approvals, clearances, water, and electricity connections. From this perspective, apartments are relatively cheaper as these costs will be taken care of by the seller. 

Apartments are tightly packed, but they will have a breathable environment:

As the population of cities in India is increasing at an unprecedented pace, people are living in tightly packed neighborhoods. While the property prices are skyrocketing, apartments can be the ideal choice to get a breathable environment. Although living in an apartment might feel like living closely with your neighbors, the residents will get walking lanes, lawn, children’s park, and more. As luxury apartments in Adyar are available at a cheaper price when compared to individual houses, the buyers will get more value for money. 

Apartments can be the perfect choice for nuclear families:

Indians have always lived as joint families but the recent developments have made people move away from their native places in search of job opportunities. With several factors falling involved, people started to live in an era of nuclear families. Hence, apartments can be the perfect choice for them as they can help them to live within the city limits and can avoid the hassles of maintaining the surroundings. 

Conclusion:

If you are planning on buying luxury apartments in Adyar and are stuck with the financial logic, then you must get in touch with a reliable real estate developer to get yourself a good deal. We are long past the time when the concept of living in apartments used to be preferred by a niche segment of buyers. 

TVH

TVH

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