One such city, Mohali, has been formed into an urban hub of Punjab and is a dynamic and diversified real estate market. It is close to Chandigarh in terms of strategy, has good infrastructure and an upcoming IT and commercial hub that has made it a target among home buyers and investors. But with the different types of residential property in mohali – apartments, villas, and builder floors, there are choices available and finding the right one can be a complicated choice.
This guide is a breakdown of the features of every type of property to help you decide which would best fit your lifestyle and financial ambitions.
Urban Advantage: Apartments.
The most popular type of apartments in Mohali is the type that cares about the sense of living in the community and the hassle-free modern lifestyle. Apartments are usually located in high-rise buildings and gated societies and provide a feeling of safety and various shared facilities that are difficult to find.
Pros of Apartments:
- Facilities and Lifestyle: Apartment complexes have become known to have a wide range of amenities such as swimming pool, gym, clubhouse, sports court, kids play areas. This one stop shop living is one of the greatest attractions to families and young professionals.
- Security and convenience: Gated communities offer 24 hours of security as they have guards, CCTV cameras, and controlled access and this gives the residents peace of mind. The society takes care of the maintenance of common spaces, such as landscaping, garbage collection, etc, which saves you time.
- Affordability:Compared to a villa or builder floor, living in an apartment is typically cheaper on a per-square-foot basis, and thus an easier point of entry to the property market.
Cons of Apartments:
- Lack of Privacy: Sometimes it may feel restrictive due to shared walls, common corridors, and are close to your neighbors.
- Limited Customization: New apartments are designed in modern style, but the possibility of significant structural changes as well as individual customization is also limited.
- Maintenance Fees: You will be required to make a monthly recurring maintenance charge, which includes amenities and common area maintenance.
Ideally Suitable: You are going to enjoy a secure, facility-based, and community lifestyle without worrying about the expenses of maintaining your own property as the entire family, small and the young professionals.
The Independent Dream: Villas.
Villas are symbolic of the ultimate luxury, privacy and space. They are free-standing houses constructed with their own piece of land and enjoy a life of freedom and privacy. Although, in many cases, related with luxury townships, they represent a strong symbol of status and personal success.
Pros of Villas:
- Complete Privacy and Space: Villas are an absolute privacy experience living with no common walls or doors. You have a personal area, a garden, terrace and a parking.
- High Resale Value: Villa value which incorporates the land area, on which it is constructed, has a higher appreciation potential. This may be a profitable choice to long-term investors.
- Liberty to Customize: Under full ownership, you can design, customize and furnish your home just the way you want, establishing a living environment that is a masterpiece portrayal of who you are.
Cons of Villas:
- Expensive: Villas are highly priced compared to apartments and builder floors both in the start-up cost and maintenance costs.
- Single hand work: The owner will have to do all maintenance including exterior painting, plumbing, and security, which may be time consuming and expensive.
- Location: The majority of the villas in Mohali are situated on the edge of the city that can be associated with an extended distance to business centers and possible absence of instant social amenities.
Ideally Fits: Big Family, high net-worths, privacy, space, and luxurious lifestyle and are ready to assume the responsibility of property maintenance.
The Ideal Compose: Builder Floors.
Builder floors are an in-between option that provides the seclusion experienced in a villa and the ease of an apartment. They are usually two- to three- to four-story, low-rise buildings that have their own separate residential units per floor.
Pros of Builder Floors:
- Improved Privacy: Builder floors are more private than apartments since there are only a limited number of units in the building and you have your own floor.
- More Customization: A builder floor is not as customizable as a villa, but the interior design and customization options are much more flexible than a high-rise apartment.
- Reduced Maintenance: It has reduced maintenance costs because of the reduced shared amenities. The building occupants are able to share in the common costs.
- Good Investment: Builder floors are highly resaleable, especially in well connected locations, and tend to appreciate more rapidly than that of a single apartment unit.
Cons of Builder Floors:
- Minimal Amenities: Builder floors do not usually have the large scale amenities such as a gym, swimming pool, or clubhouse that is prevalent in the gated apartment societies.
- Security: There might be a level of security that is limited or absent, where the residents have to set up security systems themselves.
- Shared Responsibility: The practice of maintaining common areas such as the stairs or exterior is the joint responsibility of the floor owners, and sometimes it can be a point of conflict.
Best Suited: If he or she wants more space and privacy than an apartment but not the full responsibility and expensive price of a villa. They are preferred by the families that are seeking to reside in a quiet setting with low density.
Making the Final Decision
These three are all options that are correct depending on your own priorities in Mohali.
Select an Apartment when: You are a social individual and want to live in vibrant community with advanced amenities, maintenance free secure living environment.
- Select Villa: When You want maximum privacy, spacious places to live, and luxury living style, and are capable of managing the expenses and responsibilities of self-governing property.
- Select a Builder Floor: When: You desire a trade-off between privacy, space, and cost, and you desire a low-density living situation without the broad range of services of a large society.
Finally, Mohali has great selections throughout. Considering all the advantages and disadvantages of the matter, as well as your personal needs and financial condition, you would make a reasonable decision and choose the ideal house in this prosperous city.
A Closer View: Suggested Projects in Mohali.
To locate your best property, it is necessary to visit some projects that meet your requirements. Among the numerous projects that are transforming the residential market in the area of Mohali, it is always prudent to seek out development projects of renowned construction companies.
BJBF Heights, an on-going project by the BJBF Group, is a good choice when one is planning a mix of the modern design and affordability. This project provides 1 BHK and 2 BHK apartments that are well-designed and meet the needs of people and small families seeking to have efficient living areas. With their promise of building homes that are modern yet sustainable and eco-friendly, BJBF Builders have been able to build a reputation on customer satisfaction and transparency. Being one of the many projects that the company has undertaken in Mohali, BJBF Heights is positioned to be in line with the vision of the city of offering quality, accessible and contemporary housing solutions.
For inquiries about BJBF Heights, you can reach out to the developer directly:
Phone: +91-98784 33379 or +91-85534-00006
Website: https://bjbfbuilders.com/