Independent Houses vs Apartments: What Buyers Prefer Most in Noida

Homebuyers in Noida currently can be divided into independent home buyers and apartment buyers. While each property type comes with its share of pros and cons, this blog analyzes homebuyers’ preferences with regard to apartment vs independent house and what sells most in the city to help you make a better investment decision.

The real estate landscape in Noida is diverse, catering to the needs of homebuyers through apartments, independent villas, and builder-floor units. While the varied options make it easier for buyers to take the plunge, it is imperative to understand what is preferred and sells the most in the city to make an informed decision.

Independent houses and Apartments: Know the difference

Independent houses and apartments are two of the preferred property types in Noida. Homebuyers zero in on either depending on factors like budget, security, amenities, and location.

As the name suggests, independent houses comprise villas and builder floors. These are built by developers as stand-alone units. Builder floors are typically part of a low-rise building, where an entire floor acts as one residential component. The floor has all basic elements like kitchen, bedrooms and drawing room, among other things. A villa comprises all of these facilities and generally has two to three floors.

Apartments or flats are generally part of a housing society or a high-rise building, with several individual units on each floor. Here, residents live together as part of the same community and share common areas. All flats generally follow the same structure, with the difference in the number of bedrooms being the main price driver.

Flats vs Houses in Noida: Advantages and Disadvantages

An apartment for sale in Noida housing society comes with an extra assurance of safety and security. The maintenance committee of the project is responsible for ensuring the upkeep at a monthly cost levied on the residents. A society mainly offers amenities like a gymnasium, clubhouse, parks, play areas, and shops. With time, a Residents’ Welfare Association (RWA) may also be created for grievance redressal.

In the case of an independent house, the dweller is responsible for the maintenance and safety of the property. Add-on amenities are often absent from the project. However, prices of independent properties appreciate faster, and resale value is comparatively higher than apartments. Most investors prefer independent houses as capital returns are higher.

Moreover, land prices in Noida have gone north with the ongoing development of the Noida International Airport and Expressways. In an apartment, the portion of land in price calculation is much less since multiple units are constructed on a given land parcel. Here, construction, service elements, and amenities like a swimming pool, clubhouse, and garden hike the prices of the flats. Unfortunately, the cost of construction depreciates by an estimated five percent annually.

What do homebuyers prefer?

When it comes to what home buyers are looking for, the majority prefer independent houses, but sales are higher for residential apartments in Noida. With a decent independent house for purchase starting at around Rs 1.5 crore in the city, many middle-class homebuyers have stuck to traditional flats due to budget constraints. Also, it is difficult to maintain an independent property as repair costs are high. The supply deficit of such property is another reason behind more homebuyers going for apartments.

Final Note

What to choose when it comes to independent homes and apartments eventually boils down to your personal needs and preferences. The benefit of choosing an independent house is that it offers more space and privacy, freedom to customize, and a higher resale value. On the other hand, apartments offer better security, cost-effectiveness, and amenities.

Before making a decision on what to buy, consider all critical aspects like affordability, space, location, neighborhood, and accessibility. Consider doing proper financial planning, research, and consulting with real estate experts, which will help you make better, sound decisions when buying the perfect home that suits the needs and lifestyle of you and your family.