Spotting the Variance Between the Builder’s Floor and Multi-Storey Apartments: All the things you should know

Spoilt with so many choices today, the real estate market is booming with many investment options that you can browse through. From villas, flats to floors, you can go check availability depending upon your budget.  

Every real estate company focuses its offering based on its customer demands. Nowadays apartments are mostly preferred by the people to reside in due to facilities provided such as gyms and parking space, however, independent builder floors are also becoming the finest choice due to independence that it offers.

Let us understand how the builder’s floor is different from multi storey apartments and what features and drawback both hold

The builder floors

Such buildings contain 2-4 floors where each floor has an individual owner. The most attractive feature of living on the builder floor is the space and privacy that you get from living here. Builders' floor gives you better control over facilities such as water and electricity since fewer people are residing in it.

The freedom of utilization

Builder floors give you a full choice of utilizing your space, like the way you won't like if you want to start gardening or cover the balconies, there are no restrictions or dependency for approval from fellow residents.

Maintenance cost

Builder floors lack common space hence areas to maintain also reduces, thus with the builder floor, you can expect low maintenance cost. On the other hand, the cost division for maintaining parking and power backups also increases since there are lesser people in which the amount gets divided.

Security

A builder floor comes with limited security as hiring some security personnel is your headache. The camera installation has to be all manned by you. The cost of maintaining security also becomes high.

What are multi-storey floors?

Multi-storey floors are a cluster of apartments, where typically more than 2 or 4 families stay on one floor. Usually, a building comprises less or more than 10 floors, but nowadays many townships are coming especially in Delhi and Noida, many buildings are coming with more than 20 floors as well.

Cost and expense

Buying a flat can be easy on the pocket. Usually, they are budgeted. Many townships in Noida like ATS Allure and ATS Village offer affordable living to the public along with many facilities.

Possession issues

The apartment act states that a real estate company has to allow possession after they have completed 5 floors during the time of registration. Usually, registration is reasonably priced. However, possession and registration can become difficult as different states hold different regulations.

Security provisions

Apartments come with wide security provision, where a committee chosen by the flatmates are responsible for maintaining and regulating it. All you have to do is pay monthly maintenance charges. Here charges are less as it gets divided among all the residents. There is the provision of wide fences, multiple guards, CCTV, and an intercom facility

Facilities provided

Nowadays, apartments come with the provision of a clubhouse, park, and pools. That is why many people now prefer to go for multi-storey apartments.

To sum up: the difference between multi-storey apartment and builder’s floor

A builder's floor tends to be costly as it comes with the provision of privacy, space, and independence which lacks in multi-storey apartments. Here the cost of maintenance is high as compared to apartments.

Apartments can be easily afforded by middle-class and high-class families as the maintenance cost is less with the provision of luxurious facilities.

Whether you want to go for a multi-storey apartment or builder floor, the choice has to be made based on your affordability and the lifestyle you want to go for.