Why two flats with the same size have different final prices
In high-rise gated communities, it is common for two flats within the same building to carry different price tags even though they have the same size. Buyers assume that flats of the same size in a building should be priced equally. In reality, the price varies based on a range of factors.
Why two flats with the same size have different final prices
The price of two flats of the same size may have a varying price range because of
- Facing Amenities: Flats may have the same size, but one will be facing parks, swimming pools, and gardens. The view from these flats is breathtaking, and so the price will be high.
- Near Major Services: The flat will be near the clubhouse, and it is easy to reach; it may be near playgrounds, and it is easy to access the sports features. So, there will be an extra price tag which is added to these flats.
- Level of the Flat: Flats on higher floors have a lot of advantages, like less noise, better ventilation, and better views. As these flats are always in high demand, they will have an extra price tag compared to flats of the same size on lower floors.
- Placements of flats: The placement of flats also impacts the price. The corner flats will have better natural light, improved air flow, and increased privacy. It will result in a higher value for the flats when compared to centrally located flats.
- Vaastu-Based: Flats based on Vaastu will have high demand, and many buyers prefer them due to the high resale value. The price of Vaastu-based flats will be more than the normal ones.
- Customisation: Some flats may have the same size, but buyers will ask for customised features like adding extra plugs, shelves, etc. So, the price tag is higher than other flats of the same size.
Prestige Golden Grove in Hyderabad has 5,120 luxury flats. The project is in the upcoming stage, and for a limited time, there are no floor rise charges, where buyers can book flats on higher floors at a lower price range. The project has premium amenity-facing flats, and as it is in an upcoming stage, the price is reasonable with discounts up to 20%.
Conclusion
Even though two flats may have the same size, the price varies due to factors like floor level, amenities facing, and Vaastu. Buyers can choose any flats they wish based on the budget. Even though flats with premium features like higher floors, corner units, and Vaastu-based will have a premium price tag, they will have a high resale value.
Frequently Asked Questions
- Does an apartment facing affect the property value?
Yes, the east-facing and north-facing flats will have higher prices due to natural light, low heat gain, and Vastu-based design.
- Why do higher floor flats cost more than lower floors?
The higher floor flats cost more as floor rise charges will be added.
- Will higher floor flats have a high resale value?
Yes, the resale value of higher floor flats is high as it offers a premium view with a better air flow.
