INCREASING SHIFT IN APARTMENTS FROM BUNGALOWS

1. INCREASING SHIFT IN APARTMENTS FROM BUNGALOWS There has been a major shift in the preference for an apartment over a bungalow over the last decade. With land rates increasing and families shrinking, a large number of people are choosing flats and apartments over bungalows for the innumerable benefits they offer. Nowadays, nobody wants to deal with the hassles of maintaining stand-alone homes. Bungalows have had a reputation of being costly and overpriced for the actual living space they offer. In addition to this, there are many other factors due to which a large number of people are opting for apartments these days. Some of the benefits offered by apartment which are hard to ignore are: 1.World class amenities under one roof: Apartment properties come with added values such as enough parking spaces, water systems and fire safety mechanism in pace, power back up etc. Setting up of these services in independent property is not only tiresome but would include extra cost too. There are flats in Malviya Nagar that are known for the lavish and five- star services and feel they offer. www.kgkinfra.in

2. 2.Shared Maintainance: One can’t deny the fact that independent bungalows require perennial maintenance. Every little breakdown is to be checked upon solely thus increasing the costs. However, in flats such responsibilities are shared with the landlord or help in the form of a plumber or an electrician is just a call away. The peace of mind associated with maintaining a flat is priceless. 3.Community living: Nowadays when families are often fragmented for work or education, apartments offer a feeling of togetherness. The flat neighbours become extended families. People of all age find friends and company which leads to grand festival celebrations every time. 4.Mortgage: It is easier to get a loan for an apartment than an independent property. Lending banks go through strict scrutiny of borrowers for independent properties. However, getting a loan approved for an already sanctioned project by the bank is easier. 5.Security: This is the central reason for nuclear families and elderly people to buy flats. The additional security, especially in gated security is the biggest advantage of living in an apartment. There is usually a code to get into the building and CCTV cameras around the entrance. Round-the-clock security and other houses on the same floor offer a vigilant and safe atmosphere. There is no doubt that a bungalow is big and fancy but the advantages that come with living in an apartment cannot be compared with it. This makes it preferable to buy a flat to live a comfortable and blissful life. www.kgkinfra.in