Can we buy an ‘exclusive-floor 3BHK apartment’ for the same price as a ‘regular apartment’ in Sainikpuri, Hyderabad?
The answer to this question is a big NO. A ‘regular 3bhk apartment’ is meant for a value-conscious home middle-class buyer, however, an ‘exclusive floor’ apartment is a sheer-luxury for those who seek a triple-combo of ‘lifestyle, privacy and social-status’!
Simply put, an ‘exclusive-floor’ apartment is like a premium segment BIG car, whereas a ‘regular apartment’ is like an economy small car. Just like a premium BIG car costs more than a smaller one, the ‘exclusive-floor’ residences cost more!
Here we are talking about comparing the two offerings of a ‘standalone building’ segment in Sainikpuri viz.
- Regular 3bhk apartments
- ‘One apartment per floor’- independent floor 3bhk apartments
In Sainikpuri, the price of an exclusive-floor (one apartment per floor) 2300 sft home constructed on a 400 to 600 sq. yds. residential plot is approximately Rs 1.5 to Rs 2.5 crore.
However, a smaller 1800 sft, regular apartment would cost in the range of Rs 80 lacs.
1. Understanding these two offering better
Both these configurations are available in Sainikpuri, Yapral locality of Hyderabad. The choice of ‘which one is more suitable’ depends on the budget, size and expectations of a home-buyer.
- Regular apartments are made on plot sizes of 1000 square yards to 1200 square yards in Sainikpuri
- Whereas, the ‘one apartment per floor’ units are made on smaller plots sizes admeasuring 400 to 700 square yards.
2. What makes the ‘exclusive-floor’ apartment costlier than a ‘regular apartment’?
Both these apartment-types are built in the low-rise “ground plus 5-storey” format. However, the differences between the two is significant which results in a price differential.
Price of the ‘one apartment per floor’ units is higher because they are more spacious, and more expensive than the regular apartments for obvious reasons.
3. ‘Regular 3BHK’ vs. ‘Exclusive floor’ apartments
|Regular 3BHK apartments(in standalone buildings)||‘Independent floor’ 3 BHK apartments(in standalone buildings)|
|You have too many neighbours on the floor- 2, 3, 4 or more apartments on a single floor. Plus, each apartment would have 4 or more residents||Here, you own the entire floor. So, you have no neighbour-influx, negligible disturbance, and greater peace which obviously costs more!|
|Privacy is compromised with common areas, and common walls accessible to all those living in a regular apartment||You have singular & undisputed access and ownership of your entire floor. Complete privacy, and no need to worry about neighbours, hence the higher cost that’s worth it!|
|You cannot afford to disturb the neighbours in a regular apartment||No neighbours on the same floor, so no such problem. You pay more for an exclusive apartment which is like living in a ‘sky villa’ with all four sides open. You can move around freely for the premium you pay for the luxury of privacy. No one can stop you or object to your talking loudly or making some noise|
|You have to compromise on the amount of light and ventilation with a regular apartment, since a regular apartment could be placed in any direction. The other directions tend to completely BLOCKED because of neighbouring apartments||No compromise on light and ventilation since you live in an apartment with all four sides are open! The higher price of a ‘one apartment per floor’ comes with these unbeatable perks!|
|A regular apartment can never measure 100% on Vastu compliance because all four directions- East, West, North & South are NOT open like an independent bungalow||These are like independent bungalows because all four directions are OPEN TO SKY. 100% Vastu compliance is possible|
|Visitor traffic is high since a regular apartment is meant for the middle-class buyer with a less than Rs 1 crore budget. Owners as well as plethora of visitors use the elevator||Visitor entry remains skeletal since you have only 5 discerning families living in the entire standalone building|
|Being a budget apartment, it is less spacious between 1400 to 2000 square feet super built-up area||Being luxury units, these dwelling-units are far more spacious- more than 2200 sft|
|Target segment is usually cost-conscious middle class, and are more concerned about savings. Lifestyle living and social status is NOT a priority||Those who seek and ‘exclusive floor’ independent floor belong to the premium segment who want more out of their life, and are willing to pay for a higher social-status & superior-lifestyle|
|Fittings & accessories provided by the builder fall in the mid-segment since, these customers remain cost-conscious||High-end fittings & accessories are offered by the builder which ranging from mid to luxury segment. This segment wants a superior class of specifications that look and feel luxurious!|
4. Cost scenario in Sainikpuri
- In a locality like Sainikpuri, Yapral:
- A regular 3 BHK apartment measuring 1600 sft may cost Rs 4000 to Rs 5000 per sft, totaling Rs 70-80 lacs
- A ‘one apartment per floor’ 3 BHK in Sainikpuri, Yapral measuring 2200 sft will cost between Rs 6000 to Rs 7000 per sft, totaling Rs 1.5 crore to Rs 2.5 crore.
Both ‘regular apartments’ and ‘one apartment per floor’ home options are good in their own right depending on what you seek! However, there is always a cost associated with luxury and exclusivity…which gives a better living experience to your family!!
After all, “True luxury is being able to own your time– to be able to take a walk, sit on your porch, read the paper, not take the call, not be compelled by obligation.” [Ashton Kutcher]
To know more about “5 simple joys of living in a spacious ‘independent floor’ 3BHK luxury residence!” Click here