3 Reasons that Contribute to the Shifting Preference for Flats

Posted by Sukhbeer Singh on June 5th, 2018

In recent years, flats have gained great popularity amongst urban dwellers across the country. This is because of the rising population density in most of the major cities of the country. Rapid urbanization and economic development have resulted in large scale urban migration in the country. As a result, some of the largest cities in India, such as Noida and Delhi, are facing a major scarcity of space. The price of land has therefore risen dramatically over the past few years and very few people can afford to buy independent houses and villas in a city like Noida. As a result, property developers in these cities are investing heavily in residential complexes and apartment buildings. The vertical expansion of cities has become a necessity in order to accommodate the rising population of migrants from other parts of the country.

Some Advantages of Living in a Flat or Apartment

Most of the younger generation today prefers to live in flats rather than independent villas. There are a number of reasons why the younger generation is looking for the best flats for sale in Noida, Delhi, Mumbai and other metros rather than opting for independent houses like their parents and grandparents. Some of these are as follows:

•  Affordability: Flats are usually more affordable than independent villas. This makes them ideal for young families moving to a new city for work, employment, etc. Young people who are yet to reach the zenith of the careers might not be comfortable spending exorbitant amounts on an independent villa. However, they can afford to take out a small loan in order to buy a moderately priced apartment of their own.

•  Maintenance: Flats are usually smaller than independent villas and therefore easier to clean, maintain and disinfect. This is a particular advantage from the point of view of young professionals with hectic lives and busy schedules. Most modern, urban families spend a majority of their day away from home and at work. They therefore understandably have limited time to take care of housework and other chores. A small and easy to maintain living space can therefore be a boon to the new generation of homeowners.

•  Community: Apartment buildings and residential complexes provide homebuyers with a pre-existing community of likeminded neighbors hailing from similar backgrounds. This makes it easier to make friends and build a social circle when one is moving to a new city. It can also be a lot less isolating than living in an independent villa. Common spaces such as parks and clubhouses can further enhance social bonding between neighbors living in the same apartment complex. This feature of flats attracts many young workers who have had to move away from their native towns or cities for work and employment opportunities.

These are some of the primary advantages of living in a flat. And, when searching for premium flats for sale in Noida, Delhi and other major cities, however, you should ensure that the property you are about to invest in has all the latest amenities and facilities that are required for a comfortable and convenient life. Ideally, you should only purchase a flat from a reputed and reliable property developer in the city of your choice.