High Rise Apartments in Indian Cities - 0 views

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  #1 Sunil Kilaru on 21 Jul 14

   

  Sunil Kilaru is an Entrepreneur based out of Bangalore. Sunil Kilaru run's a Real Estate Company - PRIME Living and an IT Solutions & Services Company - PRIMUS. Mr. Sunil Kilaru is of the view that High Rise Apartments is the need of the hour for Indian Cities.
  
  India is a huge boom in Middle Class Upward Mobile Population. The high rise residential complexes cater to the average middle class who require budget housing solution with a ready to move in option. Economically speaking the apartments in high rise buildings are much more efficient in terms of cost as well as utilization of available space. High rise complexes with more number of units will generally have more common amenities such as swimming pools, community halls, club houses and children's park. The social life is also more inclusive in case of the high rise apartments as more families reside in the same building.
  
  At a time when demand for property is tepid and cash is hard to come by, developers are luring buyers with high-rise apartments. Living in a high rise has its advantages. First is the exclusivity. As it takes much more money and time to construct a high rise, it is unlikely that another similar building will come up in the neighborhood. Other aspects that attract buyers are a better view and a cleaner environment. An important advantage of staying in a high rise, especially in a city like Mumbai, is that we have absolutely zero noise pollution and the air is much cleaner.
  
  High-rise structures need special amenities like double-glazed windows to minimize the impact of sound and heat. The end product is around 20-25 % more expensive than the projects in the same location. Most developers also charge more as you go up for a better view. Also, you get lesser usable area in a high rise compared with that in other buildings.
  
  However, high rises offer better price appreciation compared with other properties. The best time to buy is during pre-launch sales when developers want funds and will offer good rates.

   

  <div class="cArrow"> </div><div class="cContentInner">Sunil Kilaru is an Entrepreneur based out of Bangalore. Sunil Kilaru run's a Real Estate Company - PRIME Living and an IT Solutions & Services Company - PRIMUS. Mr. Sunil Kilaru is of the view that High Rise Apartments is the need of the hour for Indian Cities. <br /> <br /> India is a huge boom in Middle Class Upward Mobile Population. The high rise residential complexes cater to the average middle class who require budget housing solution with a ready to move in option. Economically speaking the apartments in high rise buildings are much more efficient in terms of cost as well as utilization of available space. High rise complexes with more number of units will generally have more common amenities such as swimming pools, community halls, club houses and children's park. The social life is also more inclusive in case of the high rise apartments as more families reside in the same building. <br /> <br /> At a time when demand for property is tepid and cash is hard to come by, developers are luring buyers with high-rise apartments. Living in a high rise has its advantages. First is the exclusivity. As it takes much more money and time to construct a high rise, it is unlikely that another similar building will come up in the neighborhood. Other aspects that attract buyers are a better view and a cleaner environment. An important advantage of staying in a high rise, especially in a city like Mumbai, is that we have absolutely zero noise pollution and the air is much cleaner. <br /> <br /> High-rise structures need special amenities like double-glazed windows to minimize the impact of sound and heat. The end product is around 20-25 % more expensive than the projects in the same location. Most developers also charge more as you go up for a better view. Also, you get lesser usable area in a high rise compared with that in other buildings. <br /> <br /> However, high rises offer better price appreciation compared with other properties. The best time to buy is during pre-launch sales when developers want funds and will offer good rates.</div>

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