Should I buy a flat in Mumbai or even consider the thought of getting a villa?” This is a question that could be playing in your mind. It is a big decision, and there are many factors to consider, such as the location, security and budget. In Mumbai, the most popular property types are apartments while villas are reserved for a select few. Let us have a look at both of them in depth in this article to find out what works best for you.
Flats in Mumbai are a popular choice for many people because they are relatively affordable and convenient. They are typically located in close proximity to schools, hospitals, and other amenities. Apartments also offer a sense of community, as you will be living alongside other people.
More affordable than villas: In urban areas, apartments are typically more affordable than villas (barring some of the luxury flats in Mumbai). This is because they are smaller and require less land.
Conveniently located: Apartments are often located in convenient areas, such as near public transportation, shops, and restaurants. This can make it easier to get around and access the things you need.
Good sense of community: Apartments can often have a strong sense of community, as residents are more likely to interact with each other than in a house. This can be a great way to meet new people and make friends.
Shared amenities: Apartments often have shared amenities, such as a gym, swimming pool, and parking. This can save you money on the cost of these amenities.
Low maintenance: Apartments require less maintenance than houses, as the landlord or property manager is responsible for repairs and upkeep. This can save you time and money.
Less privacy than villas: Flats for sale in Mumbai often have less privacy than villas, as you are sharing walls and ceilings with other residents. This can be a problem if you are looking for a quiet and secluded place to live.
Noise: If your neighbour’s flat is going under renovation, you are looking at a good period of time wherein there will be construction noise every day. This can be a problem if you are sensitive to noise or need a quiet place to work or study.
Limited outdoor space: Apartments often have limited outdoor space, such as a balcony or patio. This can be a problem if you enjoy spending time outdoors.
Restrictions on renovations: Apartments often have restrictions on renovations, which can make it difficult to make changes to your home. This can be a problem if you want to customize your space.
Villas are a good choice for people who want more space and privacy. They typically have open spaces which apartments lack, and they offer more freedom to customize the property. Villas are also a good option for families with children, as they provide more room to play.
More space and privacy: Villas typically have more space than apartments, both indoors and outdoors. This can be a great advantage for families with children or for people who value privacy.
Larger outer space: Villas often have larger outer spaces than apartments. It can be utilised to relax, entertain guests, or grow your own food.
Freedom to customize the property: Villas give you more freedom to customize the property to your liking. This can include things like changing the layout, adding or removing rooms, or landscaping the garden.
Good for families with children: Villas can be a good choice for families with children, as they offer more space and privacy. They also often have small gardens that are safe for children to play in.
More expensive than apartments: Villas are much more expensive than apartments, especially in urban areas. This is because they are larger and require more land.
Less convenient location: Villas that are not exorbitantly high priced are located in less convenient areas than apartments. This is because they are often located in more rural areas or on the outskirts of cities.
Higher maintenance costs: Villas require more maintenance than apartments, as they are larger and have more exterior surfaces. This can include things like lawn mowing, snow removal, and pest control.
Less sense of community: Villas can have a less sense of community than apartments, as residents are less likely to interact with each other. This is because villas are often larger and more spread out than apartments.
So, Which One Is Better?
Apartments are better than villas in Mumbai for a number of reasons but the number one is simply: They are affordable.
The security and comfort provided by a gated residential complex is something that cannot be understated. While villas have a certain status value, they sadly do not provide the security that we look for while considering a residential property. Also, the proximity to workspaces, entertainment spots, schools, and hospitals is a given when looking at apartments as they are mostly centrally located. Villas, on the other hand, may be at remote locations to provide a larger land parcel which does not make them the ideal choice. If you are looking to purchase your dream residence in residential projects in Mumbai, do check out our properties.