Once you have decided to buy an apartment, the next thing you must decide is whether you need a high-rise or a low-rise apartment. While high-rise apartments are multi-storey buildings that resemble skyscrapers, low-rise apartments are usually the ones that have at most 4-5 floors.
Both high-rise and low-rise apartments have their fair share of pros and cons. We have compiled the benefits and issues of both these apartment types so that you can have an in-depth understanding of which kind of apartment could be the one for you.
One of the most important things that people consider while purchasing a home is the location. Most people prefer to live within the city limits, closer to their office, in a location with good infrastructure, etc. Mostly, high-rise apartments are built in commercial areas, like OMR, ECR, Porur, etc., while low-rise apartments are built in residential localities. If you are someone who prefers a serene location, low-rise apartments are the right choice. However, if you want to live close to your office and in a cosmopolitan area, then high-rise apartments can be a great option.
Lighting, Ventilation, and View:
In this category, high-rise buildings are a sure shot winner. Since they are multi-storeyed, they tend to allow better airflow and lighting. Furthermore, most of the high-rise apartments have a brilliant view. Apartments in OMR, ECR, Adyar, etc. will also have a sea-view. Low-rise apartments, on the other hand, may or may not have good natural lighting and ventilation facilities. Therefore, opt for a high-rise apartment if you would like your balcony door to open up to an amazing view.
Comparatively, high-rise apartments will have more residents in the community. This will, in turn, lead to a lot more of social interactions and an obligation to be socially more active. Low-rise apartments, however, offer a calm and serene neighbourhood. You will have fewer neighbours, and the surroundings are generally calm. Depending on your social life preferences, you can pick one among these two.
Also, read our blog on “Top myths about home buying that are not true.”
Undivided Share of Land:
Low-rise apartments tend to have more Undivided Share of Land (UDS). If you have bought a home for investment purposes, where you will be selling your property down the lane, UDS is important. In such a scenario, consider buying a home in a low-rise apartment.
Availability of Premium Amenities:
In most cases, high-rise apartments will include a lot of amenities. This includes laundry services, concierge service, clubhouse, gym, pools, stores, etc. You cannot expect the same in a low-rise apartment. Low-rise apartments might probably have one fitness centre and may be one swimming pool – even which depends on the locality and builder. Also, high-rise apartments will definitely have elevators, but this can be just an option in the case of low-rise apartments.
While two homes in these two different types of apartments in the same locality will have more or less same rate, low-rise apartments are generally more affordable than their high-rise counterparts. Generally, the top floors of high-rise apartments are sold at an elevated price owing to its fantastic view. Depending on your budget, you can decide on which kind of apartment would be the right one for you.
Read our blog on “Tips for NRIs to Invest in Indian Real Estate Market.”
While both high-rise and low-rise apartments have their own advantages and disadvantages, selecting one will completely depend on one’s personal preferences to the factors mentioned above. Which one would you prefer? Let us know in the comments below.
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