The rising price of land over the years has also seen a rise in the number of residential complexes and townships in major Indian metros and cities.
These vertical residences saw more favour amongst buyers in the real estate market, as it offered an alternative to what seemed like a congested living situation. Not to mention the higher quality of amenities that were offered in such apartments to its residents. The increase in demand for apartment complexes triggered the change of cityscapes into concrete jungles. This is particularly evident in the cases of metro cities like Bangalore, where independent homes and villas in the city are being swapped for high-rises. With the IT boom and subsequent rise in jobs and population, Bangalore’s citizens found more favour with the cosy comfort of community living, each with a 2/3/4 BHK apartment to call one’s own.
But first, what is a residential complex?
Often functioning like a city within a city, a township or apartment complex is a residential project that includes multiple high-rise buildings that also include amenities such as a club house, gymnasium, swimming pool, sport complexes, gardens, children’s play area, security and more. While such accommodation does not come cheap, it should be kept in mind that there are a wide range of townships and complexes on offer, which offer a mix of amenities and facilities that can significantly alter your expense. Therefore, it would be advisable to choose a complex that offers the very basic amenities as well as a few extras; it may also be worthwhile to see if the extras are really worth the investment by comparing costs incurred against actual foreseeable usage.
So, what are the amenities on offer today in Indian real estate?
First: The basics – what your apartment building should have
These include breathing space, parking facilities, power backup and, most importantly, safety and security. A modern apartment will ensure that apartments don’t share walls, thus guaranteeing not only ventilation and free flow of air but also privacy. Considering the power scenario in major Indian cities, it is all the more important that the apartment complex of your choosing offers a source of backup power to ensure minimum disruptions in your day-to-day living. For instance, the need to take the stairs in the event of a power failure should be replaced by elevators and lifts that function on a backup power source to be used in such situations. The same should also apply to lighting within flats and in common areas.
While most apartment complexes offer at least one parking spot per flat, potential residents should also check to see if there is an option to purchase a second parking lot. Another factor to consider is that of covered parking, which offers better protection to vehicles. When looking for apartments for sale, also ensure that there is a good security system in place that monitors and regulates people coming and leaving the complex, the support staff who frequent the premises for upkeep and maintenance as well as the occasional visitor(s) who come by to visit friends and relatives. Security is a particular advantage that villas and independent homes don’t offer, so it is important to check that a good security system is in place in the apartment or township of your choice.
It is also essential that an area of the residential complex has a dedicated play area for children. Since townships and complexes often find favour amongst young families, it is all the more important to make sure that there is sufficient play area for children and kids.
Second: The frills – look out for apartments that offer these modern amenities
This includes the likes of a club house, swimming pool, gymnasium and more. These extras are particularly suited for those families that follow a dedicated lifestyle or fitness plan. While a swimming pool, gymnasium and clubhouse are guaranteed in most complexes, there are developers who aim to provide more than this. From Jacuzzis to spas, yoga rooms, entertainment centres, libraries, gardens and paved walkways, apartmentcomplexes are becoming increasingly state-of-the-art in terms of its basic and social infrastructure. Some even up the ante by providing WiFi-enabled spaces and a shopping center where you can do your most basic, everyday shopping for groceries and other staples.
Living in a bustling city and travelling to work and schools every day, once you get home, you’d need to be comfortable to spend your time. Basic amenities like power backup, parking space, convenient maintenance help, security etc. along with a few recreational facilities like a gym and a swimming pool, and definitely a few trees, are what you should first check off on your list. Then come the other top-notch facilities like a playground, a spa, a big garden and a library, and then a roomy home that’ll make you happy!