Differences between Luxury Apartments and Regular Apartments

The real estate market in Kerala has seen a growing boom of luxury projects. Realtors are optimistic that the demand for luxury apartments in Kerala will rise in the coming years. Luxury apartments are par excellence when it comes to comfort, convenience and quality. When you are checking through flats for sale in Kerala if you have no idea of the difference between regular and luxury apartments, luxurykeralaflats.com has come up with a comprehensive list of differences between Luxury apartments and Regular apartments.

1. Price

Upcoming luxury flats for sale in Kerala offer apartments in the range of Rs.1 to 4 crores depending on the amenities provided and the location. Annual appreciation of around 4 per cent to 7 per cent and 40 per cent higher rental compared to regular apartments can be claimed for luxury apartments in Kerala. Regular apartments remain in high demand due to the lower prices. 

2. As an Investment option

As the rental value is rather high, owning a luxury apartment in Kerala in a premier neighborhood is a good investment option. Regular apartments are more popular amongst the floating population which prefers affordable, smaller spaces. While comparing flats for sale in Kerala, price volatility affects luxury apartments more. Regular apartments have a steady pricing and are much more of an attractive option for all.

3. Spaciousness

A luxury apartment in Kerala can be a 3 or 4 BHK space with more area, spacious kitchens, attached balconies, maid quarters and even a party space. Regular apartments usually range from 700 to 1200 sq. ft., and are often compact units with everything under the same roof.

4.Amenities and Comfort

luxury apartments in Kerala provide great amenities and comfort and this sets them apart from regular apartments. These amenities can range from roof-top private pools, balconies with stunning views to canopied walkways, luxury apartments in Kerala offer amenities that lets you live your life king size.  In luxury apartments only the best quality construction materials and fittings are used. Regular apartment projects offer standard amenities like power back-up, kid’s area etc. for all its residents.

7. Secure living spaces

You can find much higher levels of security in Luxury apartments than in regular apartments like emergency buzzers, intercoms, smoke detecting systems and more to ensure a stress-free life. Many luxury flats for sale in Kerala also provide solar generators, solar heaters, accident and medical emergency relief rooms etc. while you cannot find these facilities in regular apartments. Many regular apartment complexes rely on outsourced agencies for their security set-up.

As both luxury and regular apartments have something or the other for the homebuyer, deciding in favour of one is rather difficult. The demand for both regular and luxury flats for sale in Kerala is on the rise but in the end, the choice will depend on your budget and lifestyle preferences. We hope the comparison between luxury apartments and regular apartments in Kerala has been useful to you. Good luck in buying your dream home.