A builder floor is residential units with independent floor and is generally low-rise buildings with two - four floors. On each of the floor of the building, a single dwelling is offered to the occupant, thereby making sure of privacy. Builder floor apartments are available at affordable rates as against a villa or a bungalow.
|Key Factors||Apartment||Builder Floor|
|Amenities||Owners must pay for amenities such as gym, clubhouse, security, general maintenance of the building.||Owners must pay only for utilities such as electricity and water.|
|Privacy||Based on the construction of the building, several families can share the floor.||Only one family occupies the floor, ensuring privacy.|
|Cost||Costs are much lower as it’s primarily offered to middle-income as well as high-income individuals.||Costs are higher as it offers privacy, space and better amenities.|
|Key Factors||Multi-Storey Apartment||Builder Floor|
|Amenities||Offers several amenities such as a fitness centre, clubhouse, swimming pool, etc.||No amenities as offered on multi-storey apartments, except for utilities such as water and electricity.|
|Privacy||Usually contains more than 3 families on each of the floors.||One family occupies the entire floor, offering privacy.|
|Cost||Cheaper than builder floor apartments as each floor has several apartments.||Higher cost compared to a multi-story apartment; however, cheaper than a villa or bungalow.|
The primary benefit of a builder floor apartment is that it allows you to own an independent residential unit without having to pay a large amount needed for a villa or a bungalow. Apart from luxury and privacy, a builder floor apartment comes with freedom from maintenance charges. Additionally, the resale value of a builder floor apartment compared to a high-rise multi-storey apartment is much higher.
Maintenance activities must be undertaken by the owner, unlike larger residential units which are taken care of by the respective society. Also, community facilities are not available in most builder floor apartments due to a lesser number of families compared to large multi-storey apartments or societies.
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