Q&A

What is the difference between builder floor and apartment?

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.

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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.