Understanding The Difference Between Flat vs Apartment

So you're finally ready to buy a home? But wait...why do we keep seeing the words 'flats' and 'Apartments' when they mean the exact same thing?<br><br>First time homebuyers are often hit with this dilemma as they embark on their homebuying journey and tend to confuse and interchange the terms 'flats' and apartments blurring the difference between the two, but do they really mean the same?<br><br>With this blog let us understand the difference, what they are for you as a homebuyer, how it can change your property price and affect your lifestyle and property resale value, so you can make a smarter and more informed decision.<br><br>What is a Flat?<br>In the Indian real estate market, buying a flat usually refers to buying a housing unit within a high rise. A flat is a broader term which typically includes a set number of rooms designed for the comfort and exclusive use of the people living in it, including but not limited to, a living room, a kitchen, a bedroom. These are individual housing units built across two dimensions, vertically as well as side by side within a larger structure. A simpler way to look at it is, many flats make up one high rise and every flat has its own entrance and shares the common spaces like staircase, parking area, elevator, terrace, etc. within a building.<br><br>'Flats' are a common sighting in cities like Mumbai, Pune, Bangalore, Chennai, Hyderabad, where space is limited and the land prices are high, so builders and developers resort to building homes in high rises that vertically stacked on top of each other and can often fit dozens of flats in a limited land parcel, making efficient use of available space.<br><br>Key Features of a Flat:<br>Located within a multi storey tower<br>A part of a secured, gated community inside a residential complex<br>Personal rooms and living space with share common areas<br>An affordable housing option<br>Optimal use of utility and space<br>What is an Apartment?<br>Apartments are also housing units inside high rises, designed to accommodate small families and just as flats, apartments too come with private spaces like a hall, kitchen, and a bedroom. While this definition can sound a lot similar to that of 'flats' and the striking similarity can create confusion between a flat and an apartment, it is important to notice that the term 'apartment' carries a more dignified meaning and is often used to describe homes that are more premium and luxurious.<br><br>In India, apartments are homes that are more modern and smart and are a part of a well planned, premium residential project with modern amenities inside a prestigious gated community. Apartments go beyond providing just a roof over your head and introduce you to a whole new way of living; more than simple living arrangements, they are an elevated living experience. Builders and developers in real estate market these premium living spaces as mid to luxury housing options to upper middle class families, working professionals, NRIs, and investors looking for urban convenience alongside a modern lifestyle.<br><br>Key features of an apartment:<br>Smart layouts & contemporary architecture<br>Located in high end gated communities and residential towers<br>Often include all the modern amenities like gym, swimming pool, clubhouse etc<br>Appeals to upper-middle and affluent buyers<br>Higher maintenance costs due to higher standard of living

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