Builder Floors are residential projects that offer more privacy and independence than a High-rise Apartment but less maintenance and cost than an independent house.
Builder Floors are residential units in a low-rise independent building which is generally two to four floors high. Each floor has only one apartment unit, and such projects are developed by the builder on his own or in collaboration with the landowner under a joint development agreement.
What are the features of Builder Floors?
Builder Floors have distinctive features that make them different from other residential properties. Some of these features are:
- They are not part of a large housing society or complex and hence, do not have to follow the rules and regulations of a cooperative housing society (CHS) or a similar legal body.
- They offer more space and freedom to the owner, as each floor is a single residential unit with no common walls or shared amenities with other houses.
- They usually come with proportional ownership of the plot, which means the owner has more control over the design and construction of the property, as well as the possibility of future expansion or renovation.
- They do not have amenities like gyms, swimming pools, security assistance, etc., like in High-rise Apartments. However, this also means that the owner does not have to pay any monthly maintenance charges or shared area expenses to a society or association.
What are the pros and cons of Builder Floors?
Some of the advantages of buying Builder Floors are:
- They give more privacy and exclusivity to the owner, as there are no other residents on the same floor or adjacent walls.
- They are more affordable than an independent house or a villa, as it requires less land and construction cost.
- They are more suitable for people who prefer living in low-rise buildings that offer convenience and accessibility, especially for senior citizens and children.
- They can be customised according to the owner’s preferences and needs, as there is more flexibility in choosing the layout, design, fittings, etc.
Some of the disadvantages of buying Builder Floors are:
- They may not have adequate parking space, water supply, sewage system, power backup, etc.
- Less reputed builders usually construct Builder Floors projects.
- The property before and after construction could differ considerably.
- They may not have well-equipped security and safety measures, as there is no dedicated staff or guard.
How are Builder Floors different from an apartment?
An apartment is a residential unit in a high-rise building part of a large housing society or complex. An apartment has common walls and shared amenities with other apartments in the same building or society. An apartment has to follow the rules and regulations of a Cooperative Housing Society or a similar legal body that manages the affairs of the society or complex. An apartment does not have proportional ownership of the plot but only an undivided share in it.
Builder Floors is a residential unit in a low-rise independent building not a part of any housing society or complex. Builder Floors have no common walls or shared amenities with other apartments in the same building. Builder Floors do not have to follow any rules or regulations of a Cooperative Housing Society or a similar legal body. Builder Floors have proportional ownership of the plot, which gives the owner more control and flexibility.
Shapoorji Pallonji Real Estate a leading real estate developer in India, has a legacy of over 155 years. Shapoorji Pallonji has several residential projects in Mumbai, Thane, Pune, Kolkata, & Bangalore cities in India, including High-rise Apartments, villas, townships, etc.
Originally published at http://realestateandepc.wordpress.com on June 15, 2023.
