What is the difference between builder floor and apartment?
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What is the difference between builder floor and apartment?
An apartment is a self-contained housing unit on a floor and contains 3-4 families in each floor of a high rise apartment building. A builder floor is an independent floor which can be purchased at a cheaper rate wherein people can enjoy the luxuries of an independent home.
What does a builder floor apartment means?
A builder floor apartment is a residential unit in a low-rise independent building that has a few other flats. The number of floors is generally two-four. Such a floor can be developed by the builder on its own or in collaboration with the land owner. It is a section of a villa.
Is builder floor good to buy?
Helps in constructing an independent floor without the need to pay more for a bungalow or villa. A builder floor apartment has separate electricity and water connection, ensuring a conflict-free dwelling, unlike bigger residential communities. You can expect a better resale value as the entire floor is being sold.
Whats the meaning of builder floor?
What is a builder floor? A builder floor apartment is a residential unit in a low-rise independent building. Such a building, which is usually three to five-storey high, houses apartments of the same configuration.
Are builder floors legal?
Contrary to a popular myth, there is nothing illegal about independent builder floors. The buyer and seller have to register the property in the sub-registrar’s office like any other apartment.
What is difference between building and apartment?
Some regions refer apartment buildings as small multi-story buildings where three or more residences are contained within one structure. Such structures are called an apartment building or an apartment complex. Whereas, high-rise buildings which occupy hundreds of houses refer each house as a flat.
What is the life of a builder flat?
Ideally, the average lifespan of any concrete structure is 75-100 years. But, it is considered that the average life of an apartment is 50-60 years while of a house it is 40 years.