Why living in Standalone Building is better than a Residential Complex!

It is always difficult to decide where to invest all of one’s savings to make a home where one belongs. While you may be presented with a lot of options, it takes a lot of patience and research to understand which house suits all your needs. There have been varied opinions about the kind of home that one should buy. Many people would say that residential complexes are good and safe places to live in and many others would not agree to it. However, here we will tell you why standalone building is a good choice for you:

1. Central location: Standalone buildings are mostly centrally located in affluent areas of a city, while residential complexes are normally located in outskirts of the city.
2. Low maintenance cost: While residential complexes provide many amenities like gyms, community centers, swimming pools etc. within their boundaries, they come with a very high maintenance cost. Standalone buildings have an added advantage of lower maintenance costs. Due to their prime location, residents of standalone buildings have access to all the necessary amenities of a city.
3. Societal Development: In Mumbai, Standalone buildings develop as a societal development project in the residential colony it is located in, while residential complexes mostly arise as SRA projects, with the slum rehabilitation surrounding them.
4. Lower monetary risk: The residential complex projects hold higher monetary risks due to their nature of longer delivery timelines of five to seven years, whereas standalone buildings have smaller delivery timelines and get ready for possession quite swiftly.
5. Niche Crowd: If you want your home to be surrounded by a cosmopolitan neighbourhood with highly-professional young people, a residential complex is the right place to look for a home. But if you are looking for a niche crowd, a standalone building located in an area of your desire will be more suitable to your taste.
6. Easier Decisions: Standalone buildings give the residents a quick-decision making power, which is not so in residential complexes where you need to get a lot of approvals from the society committees and neighbours for making any change in your home interiors.
7. Personalized living: Standalone building provide the residents with their much-needed privacy along with the flexibility to mold their homes to inculcate all their fancies.
8. Friendly Neighbourhood: People living in standalone buildings, meet over tea, sit in their gardens, talking for hours without being interrupted whereas, in residential complexes, many a time people do not even recognise their neighbours as many of them are busy in their work lives. These working professionals stay on lease and often have to move to another place. People living in residential complexes do not have time to socialize due to disconnected, secluded flats.

Modispaces Doyle (Malad)

Finding the right home, at the end depends on the kind of investment you want to make. A residential complex is a new trend for a lifestyle living whereas standalone buildings still stand strong as classic home-lifestyle. Modispaces is a company whose prime objective has always been to create environments where people can comfortably live and lead their lives.

Backed by its golden history spanning over four decades, Modispaces is, today, managed by fourth generation entrepreneurs who have successfully carved a niche for themselves in the world of real estate. Since its modest beginnings, Modispaces has gone from one triumph to another to form a formidable real estate corporation, with a nugget of gold at its heart. Modispaces know that a “Home” stands for a place you can call your own. Home is where your friends and family come together. Home is where you spend your best memories. And we will help you choose the right one to make it your little happy place. Modispaces will help you pick home of your dreams!