Should I buy a Luxury Flat or a Luxury Villa in Hyderabad?

As we scan through the Hyderabad realty market, we can find advertisements and billboards promoting "Premium Apartments for sale in Hyderabad" 'Luxury Villas for sale in Hyderabad', 'Villa to buy in Hyderabad'. Specific to the luxury realty segment, trusted real estate developers in Hyderabad cater to the needs of both upscale apartment buyers and also Gated Community Villa enthusiasts.

This article is an attempt to understand why buyers choose to own a Villa despite having an option to buy a luxury apartment

The Experience of Gated Communities

Gated communities offer a much better living experience to families compared to stand-alone buildings. Some of the major reasons why home owners choose to live in a gated community are as below:

Gated Community Apartments appeal because they offer:

• Community-based living.
• Shared facilities such as the Club House and Other Amenities.
• Safety and Security Standards.
• Better and simplified Maintenance.

Gated Community Villas appeal because they offer:

• Ownership of the land.
• Greater privacy.
• Independent entrances.
• Community-based living.

While both are attractive for the buyers it is still a personal choice based on certain parameters that include financial implications and more importantly- an upgrade in lifestyle as a major choice of decision making.

The Lifestyle Upgrade- A paradigm shift from Apartment Living to Villa Living

Many luxury homebuyers see villas as not just larger living spaces but a lifestyle upgrade. That is the mental line that most villa home owners had crossed when they bought their first villa to live in. Questions such as am I ready? Is the additional two-thousand square foot area necessary? Should I spend an additional INR two crores? Is it necessary to invest now? These are questions which first time villa home owners face while transitioning from an apartment living.

The choices are better made taking the following factors into consideration:

1) Quality of Living

While both luxury apartments and villas can offer a gated community, the quality of living greatly differs. Comparatively, villa housing offers a much smaller community of people with shared facilities and amenities. This offers greater privacy to people who value more space than features.

2) Ownership of the Land

Ownership of the land that you live in is by far the most important investment that you make apart from the construction that lies over it. It's a legacy in itself and it is the true real estate for the money that you invest on a villa.

3) Long-term Investment Value

The long-term value of the land always appreciates over time. A decision on a villa offers both the quality of your living in the present and the money invested into the future value due to its appreciation over-time. It is more of a capital investment into your future.

4) Legacy Thinking

The decision of lifestyle upgrade is an impact that you leave on your next generation as legacy. Many first-time villa owners believe that growth is not just about financial growth but an upgrade in the level of thinking in one's own self. This helps the next generation in the family to follow suit. Once the lifestyle and mindset is expansive, the quality of thinking and upbringing of the children and the next generation follows suit.

5) Privacy First

Greater privacy with a limited number of people in the community, and with the best of facilities, and along with safety and security standards is a blessing in disguise for the money invested.

Conclusion

Both Gated Community Luxury Apartments and Villas offer a community-based living. Both offer a quality of life that can be different but has its own merits. Both offer a secure environment that is unmatched to living in stand alone buildings. Both offers vibrancy of community-living and shared spaces with its own levels of privacy and pricing.

While it is good to live in either of the spaces, you will own the piece of the land in your own right as you shift to the Villa housing. You will experience an expansive living in the Villa community. And, you will experience greater control of your home design and privacy as you move in with your decision of booking of your next or first villa.