Flat or Villa, Which is a Wise Investmentby jessica sa Digital Marketing Expert
When it comes to Real
Estate investment, one of the most striking and confusing question to start
with is ‘Flat or Villa’? Which is a wise investment?
Though this is primarily
based on budgetary factors, both the options do have certain advantages and
disadvantages. Some of the points below will help you to make your investment
decision a bit easier.
Unlike any other
commodity, the price of the property in the realty sector is not only based on
the property itself but also depends on the location as well. In general, the
villas are costlier than flats. Especially in metro cities like Delhi, Mumbai,
Bangalore, Chennai, Kolkata and Tier 1 and Tier 2 cities demands a very high
land price and hence investing in the land needs lots of money which may not
fit in many of our budgets. This is the prime reason why many new builders are
coming up every day. But those who are not concerned of the budget, investing in land is a good choice as the
value of the property in the forthcoming years is going to be high as the real
estate sector in India is growing at a good pace.
Some of the key points
you should consider before investing in Real estate are;
The most important point that drives our investment decision is budget. In the
debate over villa vs. apartment, budget always favours the purchase of a flat
in an apartment. Simply put, villas are priced high when compared to
apartments. Sometimes even costlier than those apartments which fall into the
high-end luxury category. Also when it comes to maintenance cost, villas will
be on the higher side as in apartments the cost of maintenance is shared among
the flat owners. Along with that, the hassle-free maintenance is being taken
care of by builders/building representatives for a monthly/quarterly
Is it wise to invest in villas outside the city or apartments which is in the
city. As location becomes another important deciding factor, before taking a
decision it is safer to keep a checklist of the proximity of the location. Make
sure the location you choose is close to your workplace, schools, colleges,
markets and other leisure getaways. In the case of apartments, most of the
builders choose a location which has easy proximity to major locations which
may not be possible in a villa’s case. When a villa’s price becomes affordable,
many at times it might be located in the outskirts of the city.
Size of the family is another important aspect which needs to be considered
before the decision. If it’s only you and your family, flats will be a better
option. Flats suit best for a nuclear family. If your parents and grandparents
going to accompany, a villa could be a wise decision.
on Investment: Are you planning to rent out your
property? On the search for the one which gives you best returns? In most of
the cases, flats give good rental returns. Most of the apartments are in City
and people who are looking to rent an apartment will look for proximity to
their workplaces, schools, hospitals and so on. Hence rental income compared to
villas (unless you have a villa which has good proximity) flats make better
Most of the builders today offer a wide variety of amenities starting from
Swimming pool, Clubhouse, Gym, Play area, Party area and so on. Your access to
amenities is closer in flats than in villa. Also, the worry on maintenance is
less in flats than compared to a villa.
Precisely, in India, a
large number of buyers opt for flats. The major reason is the budgetary
constraint as flats require lesser initial investment compared to plots and
villas. Also in flats, the buyer will get benefits of all luxurious amenities
like gymnasium, swimming pool, clubhouse, party areas, play areas and
landscaped gardens that would have cost a bomb in a villa or a gated community
which offers the same luxury amenities.
Eventually, the choice is
made based on your individual preferences. But make sure you prioritise your
preferences on what is a must have and what is nice to have!!
Here's where you can read
more about flats and apartments in Calicut
Created on Aug 4th 2018 02:25. Viewed 726 times.