If you are looking for a lifetime investment in Hyderabad, an apartment is the one thing that you may consider first. But, before purchasing an apartment, you need to ask several questions. And your questions need an expert answer. Such as, is it right to invest in an apartment? Will I make a profit if I sell it after a few years? And so on. But most importantly, what needs to be answered is, “What is the lifetime of that apartment you are thinking of investing in?”
A property is like an asset; therefore, you need to smartly investigate the property before you invest! This blog will solve your confusion in an expert way regarding the lifetime of apartments in Hyderabad.
To get a little technical, the average life span of a concrete building is 80-100 years. Whereas the average lifespan of an apartment is 30-40 years. Generally, most of the apartments are owned by the owners association. So, when there is a plan to demolish the flats under any circumstance, the owners will have the undivided share (UDS) of the land. This means the owners association are the ones who take a call on whether to put it on sale or rebuild.
Hyderabad is one of the flourishing investment avenues. The core reason for this is the MNCs who are establishing their ground in Hyderabad. With people coming to the city to find job opportunities, they look for residential opportunities as well. Therefore, modernisation and infrastructure facilities are inviting more population to the city. Further, people are looking for quality community and residential areas as a smart choice. In addition to this, you can also look to purchase an old flat or an apartment. Let’s see what you need to consider before doing so.
The quality of an apartment decides the value of the apartment, followed by maintenance and budget. Check within the society regarding the additional charges you may need to pay, say maintenance charge and electrical charge. You should also check for structural damages that you need to take care of later stage. Structural damages may include water pipes, damps, clogged drains, etc. You also need to check the quality of the wiring. Ventilation and lighting can be a challenge if you are thinking of occupying the lower floors. Top floors can be chosen as they will have better ventilation and lighting with better view compared to other floors.
Investing in property is a smart choice. Moreover, if you are looking for a place where you can feel cosy and at ease, you need to choose wisely. If you are looking for a gated community that is thoughtfully designed and promise you a thriving environment, you need to check out our projects. Come and be a part of a delightful lifestyle!