Think about it do you really want to buy a luxury apartment in an expensive high-rise building? If so, you may be one of many people seeking greater privacy and space through the use of “builder floors”.
Previously regarded as a niche market that was reserved for the elite, luxury builder floors have gained traction among active homeowners who want privacy and exclusivity without sacrificing affordability. As demand for higher-quality living increases, so, too, does the quality of the option sets of luxury builder floor projects in Gurugram.
As such, Gurugram will serve as the epicenter of an upcoming luxury builder floor revolution that will signal the viability of this product segment through its strategic location and price-value ratio when compared to conventional high-rise living. Whether you are an “end-user,” an investor, or a non-resident Indian, there is truly an opportunity with this emerging product type (builder floor) that will not be available for some time (or perhaps, ever) again.
Why Gurugram is the Centre of Luxury Builder Floor Living
The reality is, for the last ten years, Gurugram has transitioned from an emerging global city into one of India’s most dynamic real estate marketplaces. This transformation has occurred, in part, due to its proximity to Delhi, as well as the region’s world-class transportation network and the presence of numerous multinational corporations.
Consequently, Sushant Lok, DLF Phase 1, Sector 50 in Gurugram and Golf Course Extension Road are all prime micro-markets within which luxury builder floors are being developed. In addition, each of these locations has been developed in a manner that allows its residents to connect to their jobs and enjoy premium social infrastructure with an unmatched quality of life.
What Are Builder Floors?
The term “builder floor” refers to low-rise residential units that are constructed on an individual plot of land, with each floor sold as a separate unit. These buildings are generally much lower than typical, more common high-rise apartments, and therefore have:
• More space and privacy from neighbours
• Larger layouts that allow for more natural light and better airflow
• Private entrances and exclusive living areas
• Purely customisable, with luxurious finishes
Luxury builder floors in Gurugram are typically designed as either 3 BHK or 4 BHK configurations, and the land parcels that they sit on range from 250 – 500 square yards. All of the luxury builder floors in Gurgaon are outfitted with modern conveniences. They come with private elevator access and stilt parking spaces, modular kitchens, and high-end finishing materials.
The Movement from Apartments to Builder Floors
Since the pandemic started (in 2020), the priorities of homebuyers have changed. Now space, privacy, and comfort are valued more highly than low maintenance associated with compact units. Therefore, the rise in demand for builder floors over apartment buildings or high-rise apartments, has changed dramatically.
The benefit of living in a high-rise apartment building is the availability of clubhouses, gyms, pools, etc., however, one of the negatives is that there are often many people/units in the building resulting in higher average utility costs and maintenance fees. Conversely, builder floors provide a villa-type atmosphere to the homebuyer, yet still retain the conveniences of living within an urban area, providing both luxury and functionality.
Additionally, the ability to own an entire floor resonates with people looking for not only exclusivity but also independence.
Prime Locations Driving Demand for Luxury Floors in Gurugram
Gurugram’s luxury floor project success can be mainly attributed to location. Some examples of Gurugram’s strategically located luxury floor projects include:
- Sushant Lok Phase 1, with an excellent central location and accessibility to mg roads;
- Nirvana Country, nearby, offers excellent calmness, gated community living;
- Gurgaon Sector 57, with its part of a rapidly expanding residential area
- Anant Raj, with its golf course extension, located in Sector 63A in Gurugram is growing quickly as a desirable place to live.
These locations provide developers with an ideal combination of connectivity, plenty of infrastructure, and plentiful lifestyle amenities, such as reputable schools, hospitals, shopping malls, and fine-dining restaurants close to their projects.
Affordable Luxury may be the greatest reason for builders’ floor success
Another significant reason builder floors have gained popularity is price. Builder floors generally offer larger usable space for the same or lower price compared to luxury apartments at the same location.
For instance, if you were to calculate the price of a builder flat relative to that of a 4-bedroom luxury apartment in a premium high-rise, you would find that: (1) the builder floor would have a larger usable area, (2) provided a greater sense of independence, (3) incurred less maintenance costs, and (4) had a higher resale value.
Consequently, builder flats represent value-based luxury and are an ideal choice for both end-users and investors seeking to make a long-term investment.
Local build developments in Gurugram’s real estate market have been improving continually, and builders see it as a great way to invest while providing buyers with a piece of value-based high-end luxury housing.
For example, an apartment in a premium high-rise with 4 BHK will cost much more than builder floor :
- Larger carpet area
- Independent living
- Cheaper maintenance
- Higher resale value
Resulting in a builder floor being a value-based luxurious option for end-users or investors.
Investment Potential & Future Growth
Gurgaon real estate is expected to continue growing fast because of ongoing Infrastructure & Corporate expansion. Builder floors are popular because of their limited supply and increasing demand.
When you purchase a luxury builder floor in a prime location, you will benefit from :
- High appreciation
- Strong rental demand
- Greater liquidity than high-rise buildings
- Rapid development of Golf Course Extension Road and several new sectors, make them very appealing long term investments.
Modern Features Defining Luxury Floors
Today’s luxury builder floors are built to world-class designs. Some of the major features included are:
- Exclusive lift access.
- Stilt parking.
- Smart home automation.
- Modular kitchens with premium fittings.
- Florentine marble flooring.
- Large balconies and terraces.
- Vastu development options.
These features increase comfort and enhance the lifestyle of the buyers.
Who Can Purchase a Luxury Floor?
Luxury builder floors can appeal to all types of purchasers, including :
- Families wanting a large, independent residence.
- Working professionals looking for convenient locations near their place of employment.
- Investors who seek high-yield investments.
- Non-resident Indians wishing to invest in luxury properties in India.
The flexibility and exclusivity afforded by builder floors makes them a desirable option for all buyer segments.
The Future of Luxury Living in Gurugram
Urban life as we know it will continue to shift, and the market for luxury floors is expected to expand because of the increasing need for low-rise, independent homes. Luxury builder (floors) are now not seen as just an alternative to luxury living, but rather a top choice option.
Due to the continuing construction activity in the region and improvement made to allow greater commutation from areas surrounding Gurugram, and with greater buyer consciousness about the quality of the product, the market for builder floor properties in Gurugram will experience tremendous growth in the coming years.
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Conclusion : Wait No More!
The luxury builder floors being offered in Gurugram provide an outstanding location, the latest in amenities, and very low prices for what you receive! Builder Floors will allow you to define your urban lifestyle with lots of space, complete privacy, and ownership of your home, something you cannot achieve with apartment or multi-family buildings.
Regardless of whether you are purchasing your “dream” home or making a wise investment in an asset, it is an excellent time to investigate the builder floor market. With the existing inventory of builder floors being limited and the increasing buyer activity for builder floors, this will be the perfect time to be a new owner of a luxury floor in Gurugram!