People planning to build their dream homes is only a memory for urban Keralites today. The lifestyle scenario in Kerala is taking up a different shape with more number of people opting for apartment living.
Unlike houses, modern residential complexes come with specific conveniences, such as stores, gyms, pools, gardens, laundry facilities, and 24/7 security monitoring. Obviously, those can also be installed in a house, but it would cost significantly more. In fact, reduced costs are one of the main reasons why people choose to live in an apartment in the first place.
Also, apartment demand has been trending upwards seeing as they are easier to rent out as a whole. The boom in modernization & sophistication, emergence of industrialization, soaring land prices, housing prices, rising population and the need for better security homes are some of the factors that have led people to abandon the thoughts of owning an independent home.
People are bidding a goodbye to the traditional myths of independent living, and this has paved the way for the emergence of a large number of apartments and flats in Kochi.
Here, we shall discuss some of the advantages of buying apartments and flats in Kochi over individual homes
Good Location
The location is a crucial aspect of a building/house and it affects significantly its price. Everybody wants to live in a good, crime-free neighbourhood; or at least to find an urban place close to their work. Obviously, apartment complexes have fewer problems providing desirable locations; than single homeowners have. It means that by purchasing an apartment, you are buying an excellent location at an affordable price.
Apartments in Kochi are usually in the centre, located close to everything you need: shopping centres, administrative offices, or access to information. An apartment in the centre means you’ll be just a few meters away from satisfying every need you may have.
Amenities
Many people would love to have a home with a swimming pool, gym, and tennis court, but the reality is most wouldn’t be able to afford it. The great thing about an apartment complex, especially a big one, is that they often come with all these things.
Owners of large apartment complexes will often reinvest some of their rent money into creating these luxury amenities, in order to retain existing clients and attract new ones.
Cheap Utilities:
Considering the size of apartments, you’re very likely to pay lower bills for water, gas, or electricity. Apartments sometimes come with small additional fees, such as the one for hall maintenance or lawn care; but the overall amount is still lower than equipping the house with maintenance tools.
Financial
The number one benefit of living in an apartment in Kochi is the financial aspect of renting. Rent is generally cheaper than a mortgage. In addition to an overall lower monthly payment, other financial components such as upkeep and utilities are generally lower because of the smaller space and the overall responsibility of a landlord/owner versus a tenant.
Community
Other great benefits of apartment living are the social implications of the close proximity and connections one develops during their residency. Although a sense of community exists in both rural and suburban areas, the close proximity of apartment life enhances the probability of creating lifelong connections.
Sustainability
The size of apartments also results in spending fewer resources (electricity, gas, water). This is especially visible in the case of heating/air-conditioning, where you could benefit from the heating/cooling habits of your neighbours. For instance, sharing a wall with a family that really likes to keep the place warm will mean that you can keep your heating low, the same as your payments. At the end of the day, sustainability is one of the main aspects construction companies consider when building an apartment complex.
Maintenance
This is one of the issues that are faced by most of the independent homeowners. While they strive hard to maintain their houses and deal with its wear and tear, the flats in kochi are equipped with the most modern amenities and engineering design concepts implying almost zero maintenance. Also, every individual building has an apartment owners Association that provides the necessary assistance in case of any major issues that needs to be fixed.
For more details: Noel Villas and Apartments