Builder floor VS society flats: If you are going to buy a house in Gurugram or Noida, then it is very important to know which is best between builder floor and society flat, so that your hard-earned money is spent at the right place and benefits you. Let us know about both..
Builder Floor VS Society Flat: Two cities of Delhi-NCR are leading in terms of property. Gurugram and Noida are two such cities where the demand for plots and flats is increasing tremendously. Due to jobs and business in NCR, people are preferring to live in these two cities and want to build their house here, however, while choosing a house, people always have many options and they get confused, but today we will tell you about the limited budget. In this article, we are telling you the ways to choose the best house option, so that you can take a decision in minutes keeping in mind the future of you and your children.
If you are thinking of building a house and property in these two cities, then it is a good thing because many recent survey reports show that due to huge demand, in just one year, whether plots or flats in these two cities, all the prices have increased. There has been an increase of up to 25 percent and both are giving huge returns. At the same time, due to increase in rent prices, rental income can be a better source.
Let us first know what is the difference between society apartments and independent builder floors? And which of these two is best for you? Be it a society apartment or a builder floor, both options have both positive and negative aspects. We are telling about both the options in 6 points. So that you can decide yourself.
1. Facilities
In a builder floor, we have the same facilities which we have built and pay for each one of them. Major facilities like park, club, swimming pool etc. are not available in these floors. However, space to park your car may be available. Whereas in a housing society apartment, the buyer gets many internal facilities like club, swimming pool, jogging track, park, gym, auditorium, temple etc.
In terms of amenities, builder floors do not have any amenities other than utilities like electricity and water supply.Manoj Gaur, Chairman of CREDAI NCR and CMD of Gaur Group, says that everything from security to facilities is better in housing societies. The quality of construction is also better here. These flats are spread over a large area. There is better facility of sunlight and ventilation here. This is the reason why big real estate projects are coming up not only in Delhi NCR but also in Tier-2 and 3.
2. Budget
If you want to buy a house, budget is the most important thing. You will be able to take your decision according to your budget. Generally the price of a builder floor depends on the area where it is built. A builder floor in Delhi can be purchased in the lower to mid-segment range between Rs 50 to 75 lakh. The price of 2 BHK builder floor in Noida is 25-30 lakhs. At the same time, in prime locations, their price becomes higher and one may have to spend up to several crores of rupees.
Now if we talk about society flats, there are many luxury or mid housing societies in Delhi-NCR. Their prices are sky high. The price of 2BHK flat in a good society has reached Rs. crores. In luxury societies, there are flats worth Rs 3 to 4 crores. Whereas if the area of the flat is three-four BHK then the prices increase.
3. Freedom to take decisions
In big housing societies, the society is handed over to the RWA after the builder. She takes care of everything from its maintenance to decision making. To take any decision regarding a house in the society, there is a need to take opinion from many people and even by meeting with the people of the society. Whereas residents of builder floors have more freedom in taking decisions because the number of people here is less and everyone is responsible for their respective floors.
4. Maintenance
Housing societies with a large number of members in society flats require more money for maintenance. Monthly maintenance charges are also higher in high-rise societies. For example, two to two and a half thousand rupees per month for 2BHK. Whereas this is not the case with builder floors. In builder floors, residents are solely responsible for the cleaning and maintenance of their own floors. Everyone can decide together for the common area. There are maximum 5-6 flats in a builder floor, whereas the number of apartments in a society flat is in hundreds.
5. Security and Brand
County Group Director Amit Modi says that people’s inclination towards high-rise societies has increased because there is better security here. The colony is gated, there is CCTV, screening and presence of security guards. Big brands of real estate are found here. Here people get the experience of luxury life with facilities ranging from swimming pool to club.
Whereas in builder floor, small builders, contractors or property owners are responsible for the construction. It is not the preferred building construction option for real estate developers. None of the builder floors are developed by any reputed or big developers. There is no facility of security guard etc. here.
6. RERA law
Sanjay Sharma, Director of SKA Group, says that due to high-rise societies, Gurugram, Noida and Greater Noida have become the best cities to live in. Home buyers here not only get a safe environment but also get full returns on the amount they invest in the house. The biggest thing is RERA. This is a guarantee of quality.
RERA means Real Estate (Regulation and Development) Act 2016. RERA was created to regulate the hitherto unorganized and unregulated real estate sector of the country. The RERA Act of 2016 was enacted to address the concerns and grievances of real estate developers, home buyers, realty agents and others associated with the real estate sector. RERA laws are applicable in society flats but there are no provisions of RERA laws in builder floors.
