Buying a standalone apartment is an excellent investment. The benefits are plentiful, and there’s no shortage of reasons to invest in real estate. That being said, the decision isn’t one that should be taken lightly. In order to get the most out of your purchase, it’s important to consider all aspects before making a commitment. This blog post will cover 10 benefits of buying a standalone apartment so you can make an informed decision about whether this type of property is right for you!
Among Gated Communities and Standalone Apartments, there has been a lot of debate over which one is better when planning to buy an apartment in Bhubaneswar. In this article, we’ll discuss 10 reasons why buying a standalone apartment in Bhubaneshwar will be a wise decision for you.
Therefore, let’s jump right in and get started.
What is a Standalone Apartment?
Standalone apartments are freestanding buildings located in well-developed communities with three to five stories and a few units on each floor. The number of units ranges between 5 and 50, depending on the size and class of the project. Standalone apartments are typically located in the city’s center, in contrast to gated communities located on the outskirts of the city.
What are the advantages of buying a Standalone Apartment?
There are various advantages associated with taking a decision to buy a standalone apartment in Bhubaneswar. So, let’s go over each one in turn.
1) Location Advantage:
The first and most important advantage of living in a Standalone Apartment is the location. Unlike Gated Communities which are located way beyond the city border. Standalone apartments in Bhubaneswar are located in the heart of the city. For example, the offerings of Evos like Exotica in Saheed Nagar, lking-sized luxurious apartments of Evos-8 located at Ghatikia or be it Evos Elanza – the luxurious 3 BHK apartment at Jagamara, all these are located in the heart of Bhubaneswar.
It is advantageous to live in these places since communication is not an issue. Additionally, schools, colleges, hospitals, market complexes, and bus stops are easily accessible within walking distance in these areas due to their well developed nature. In other words, if you’re looking for an apartment located in the city center, than a standalone apartment is your best bet.
2) Cost Advantage:
It is true that gated communities often include high end amenities like health clubs, swimming pools, gyms, community centers, and much more. However, these facilities come with an exorbitant price tag. As for affordability, standalone apartments are unbeatable without a doubt as they offer amenities that are essential for a standard lifestyle and the price is therefore significantly lower.
3) Lower maintenance cost Advantage:
Due to the fact that they only offer essential amenities, maintenance costs are also lower than if they were part of a township. As most standalone apartments provide the option to pay for use, you are only charged for mantaning the facilities that you use. You need not be concerned about your home’s maintenance costs being high. So that your dream home doesn’t become a nightmare (pun intended).
4) Homogeneity Advantage:
True, the human is a social animal, but that doesn’t mean we can get along with everyone. Multiple buildings are found in townships, and they attract buyers of different social statuses and lifestyles. People with similar tastes mix better together. In the case of standalone apartments, that is precisely what happens. Since they have a limited number of units to offer in the same price range, people with similar job profiles often purchase apartments in the same building. So, it becomes easier for the occupants to get along with one another. Simply put, less crowded, less conflict more peace. It’s like a dream come true!
5) Decision Advantage:
Your home should be a reflection of you, so it should be tailored to suit your tastes. Such a decision must, however, be approved by all residents of the apartment building. With only a few numbers of units, getting a consensus on a decision by all tenants for a standalone apartment is more straightforward than a township project.
6) Low Risk Advantage:
Unlike township projects, which are built on a large area of land owned by multiple parties, standalone apartments are usually built on smaller areas owned by a single individual. As a result, land ownership conflicts become less likely. Numerous instances have been reported in Bhubaneswar where a township project gets delayed for an indefinite period due to ownership issues associated with the land. A standalone apartment virtually eliminates this risk.
7) Possession Advantage:
A gated community is typically built on undeveloped land on the outskirts of the city, offering multiple buildings along with luxury amenities, which makes the construction and land development period of these projects very long, ranging from 5 to 8 years. Standalone apartments tend to be located in developed areas with only a few units, so they take a very short time to be occupied. So when you invest you do not have to wait for a decade or so to call your dream home your own.
8) RoI Advantage:
Gated communities take between five and eight years to complete, as we have discussed previously. While a standalone apartment gets completed in 2 to 3 years. Historically, Evos has completed standalone projects of up to 30 units using its experienced staff and quality engineering in just over two and a half years. So your hard earned money is stuck for a lesser amount of time. A shorter pipeline time means better return on your investment.
9) Social Advantage:
It is advantageous to be part of a small community because you can get along with your fellow residents. Due to the limited number of families living in a standalone apartment, tenants tend to get together for tea parties and exchange gossip that creates a strong bond between them. Relationships are stronger if there are fewer conflicts, and nothing seems better than living in a tranquil environment.
10) Commutation Advantage:
If you had to leave for your office at 6 am in the morning in order to be on time, that would be a nightmare for sure! And unfortunately that is what happens when you leave the outskirts of the town. Living in a standalone apartment has the greatest benefits when it comes to communication. You do not have to travel to and from work, school, or college for hours each day. We Indians are blessed with relatives who visit our home (even if we don’t want them to) and their finding your apartment shouldn’t be like a treasure hunt for them (unless you want that to be the case). It doesn’t matter whether it’s 4 am in the morning or 11 pm at night, you never ever have to worry about communication when you live in the heart of the beautiful temple city of Bhubaneswar.
Is there any demerit of buying a Standalone Apartment?
You must have heard the saying, with good comes bad! So the answer is YES. There are few disadvantages that are associated with the decision of buying a standalone apartment. When you decide to buy from an inexperienced builder, there is a high possibility that you will be cheated or the project may be severely delayed. So always know the builder before you make a commitment.
Another problem with a standalone apartment is the limited number of amenities that it offers. When a builder is new, they tend to include amenities as add-ons and charge extra for the facilities provided. We at Evos go the extra mile to offer top notch apartments, so we have top-notch amenities in all our projects.
So, now you have nine reasons to consider before you take a decision about buying your dream home in Bhubaneswar. So, to answer the biggest question which is better to buy, a gated community or a standalone apartment – the answer is it all depends on your need. If you want to explore standalone apartments that also offer a luxurious lifestyle check out below an exclusive range of offering from one of Odisha’s leading real estate builders – Evos Buildcon Pvt. Ltd.