History Of Apartment Life in India
Bombay was the first Indian city to see the emergence of the apartment building, an indicator of both the city’s early embrace of modernity and its long-standing space crunch.As technology improved, the apartment building changed. The introduction of RCC technology in the 1930s changed the building structure, while improved plumbing and sanitation technology also had its influence on design. Individual flats in some localities became larger and layouts changed. Toilets were no longer placed at one end of the apartment – they could now be anywhere within the flat, provided they abutted an external wall and were stacked over one another in the building.
Earlier such property development was limited to four-in-one apartments but after the relaxation of some rules, we are witnessing a spurt in six-in-one apartments.
Most buyers of such apartments are first timers who prefer investing in some kind of property and moving out of rented premises.
Special buildings that have four floors and around 300 flats take at least three years for completion and multi-storey buildings take up to five years. People who don’t want to wait for long to take possession of houses opt for such property, the construction of which is also 15 per cent cheaper.
Many buyers are also opting for flats that are ready for occupation. With bank loans becoming easily available, buyers are entering into agreements with property developers just before the tiles are laid.
Choosing the right builder, however, is crucial.You should be familiar with the builder and the kind of construction he does. Otherwise, the contract may not be followed to the letter. For instance, vitrified tiles may be laid only in the hall and not the rest of the house. Or they may apply a single coat of paint instead of two
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