Policies, Codes & Other Documents
Real estate can be tricky sometimes if you’re not familiar with it. However, understanding basic real estate terminologies becomes the need of the hour, especially if you’re looking for luxury homes. Clearing up the jargon will not only help you choose the best kind of property but also allow you to plan your finances and home loan efficiently.
And when it comes to luxury homes, villas, bungalows, and duplex apartments are often used interchangeably, while they are significantly different in reality. If you’re one of those luxury home buyers confused about which one of the three to go with, here’s a comparison to help you out.
Let’s start with the difference between villa and duplex apartments. First of all, let’s understand what a duplex apartment is. These apartments have two-storeys, specially designed for single families, as they only have a single kitchen and dining area. It is generally smaller in size than a villa. It also has separate entrances to both floors. Duplex apartments are typically built in apartment buildings, whereas villas are built on the ground level.
Additionally, a villa may or may not have two floors and depends entirely on the choice of the villa owner. Villas in India are generally part of a gated community, and each villa may be separated by the other with a garden or a verandah. Villas also offer private amenities like a swimming pool or gym. Though also available to duplex apartment owners, these amenities are often available on sharing basis and not for personal use.
Additional Read: Top 5 Real Estate Brands Offering Duplex Apartments in Mumbai
A bungalow symbolises a more traditional way of living, while a villa is catered towards modern homebuyers. Bungalows are also often handed down through the generations. Villas, in contrast, are usually constructed on pre-determined plots. As a result, they can only be refurbished on the inside but not on the outside.
There are no such restrictions when it comes to bungalows, as they are generally constructed on a piece of land that you own. This customisability allows you to extend or completely change the structure of your property, which is not the case with villas.
Another major difference is that villas promote a sense of community since they are generally constructed within a gated community. On the other hand, a bungalow also may or may not have amenities. But villas are usually packed with modern private amenities like a swimming pool, gym, walk-in closets, innovative kitchens, and much more.
|Type of property||Floors||Location||Amenities|
|Villa||Multiple floors based on owner preference.||Built on a large piece of land||All amenities are available for private use.|
|Bungalow||Multiple floors based on owner preference.||Built in a gated community.||May or may not have modern amenities.|
|Duplex Apartment||Two floors for a single family.||Built in an apartment building.||All amenities are available on a sharing basis.|
Additional Read: What is Builder Floor Apartment?
Now that you know the difference between various luxury properties, you may be looking to buy one yourself. Well, you’re in the right place!
Choose Tata Capital’s home loan today and get a world of benefits – affordable home loan interest rates, minimal documentation, low processing fees, flexible tenures, and much more. So what are you waiting for? Visit our website and check your home loan eligibility today!
Policies, Codes & Other Documents