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Individual Floors or Builder Floors in Gurgaon are often homes built in the traditional manner, where the entire household is housed on one floor of a structure with typically three or four floors. As a result, a building is often inhabited by four or so families that resides on one floor each. Without costing as much as separate villas or houses, this type of residence will offer you the impression of an autonomous dwelling.
Yes, if the property papers are clear and legitimate according to the Government laws, it is entirely safe to purchase a builder floor apartment.
The process of purchasing a builder floor is similar to any other residential property process. The buyer and seller have to pay the required government tax and get the agreement registered in the sub registrar’s office.
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.
The main reason why people choose builder floor to an apartment is mainly because of the bigger area one gets in the same budget and location .
No two properties are the same in terms of construction quality , location , plot facing and other factors. The very basic construction cost per sq ft can go as low as Rs.800 per sq ft. And as high as Rs.6000 per sq ft. Any good builder will never compromise on quality .
The other factor is location . Plots that are further down in the block will always have a lower price and so will the price for the property .
Yes, if you consider builder floors the First floor ( one on top of the stilt parking ) will be higher in price as compared to the middle ones. The top floor along with a terrace would be equal or higher than the First floor depending on what’s created at the terrace.
The real negotiation is always done through your real-estate consultant . He knows the builder well and can negotiate the price better than what you could have done on your own . Some buyers feel that by boycotting the consultant they can get a better price . This is not a fact. A buyer comes across the builder only once for a deal , whereas the consultant doesn’t sell only one property of the builder . Business wise , the builder has a long term relationship with the consultant and he would never want to break it just to skip paying a brokerage .
Buying a floor that is under construction is totally depended on your own comfort level. People do buy properties that are under construction as there is always a price benefit and a staggered payment plan . But again in a scenario where a builder floor takes around 18 months to complete one needs to add up a cushioning time of around 1- 2 mths for the final deliver . On the other hand reputed builders hand over the project in time as their floors get sold at the early stages of construction.
The foremost thing to do is find the best consultant who can stride with you all the way to the end. You will find that most of the consultants are location centric. Your consultant will evaluate the need , location , budget and then suggest you the best suitable proposal .
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