In the past few years, a significant mindset shift has been observed in home buyers buying preferences. Luxury living is not limited to opulent class, home buyers with limited budget also look for an option where they can found world class amenities in budget friendly spaces. Many real estate developers also notice this changing mindset of homebuyers and introduced a fresh concept of Villament. Villa + Apartment = Villament is an emerging housing concept and as stated by real estate listing website – NoBroker, a 37% of hike in demand of Villament has been observed in Bengaluru, India. Let’s explore how this new housing trend reshaping the landscape of Indian real estate.
What is a Villament?
As the proverb says, “Neccessity is the mother of Invention”, similarly Villament is nothing but an invention by the Indian real estate developers to meet the evolving needs of home buyers. Home buyers look for luxury at budget price and nowadays, luxury living is not just a pride possession of opulent class also not just a dream for a middle class. People from rich background look luxury as their lifestyle statement; however, people from middle class, found luxury a dream but a dream that can be turned into a reality. As the income level of general public in the country has been consistently elevating, so with various loan facilities offered by national and private banks, middle class families can turn their dream of luxury home into reality.
Villament is one among those luxuries that can be achieved by a middle-class family. Villament gives a feel of living in villa, full of privacy with the combination of world class amenities of an apartment. A villament generally consists of maximum 4 to 6 homes within a single unit. It is different from villa as it is a semi-independent space spread across multiple floors, with private terraces and commonly shared apartment like amenities such as swimming pools, clubhouses, and open green spaces.
Why Choose Villament?
Villament consists of limited units for utmost privacy. An apartment is a combination of hundreds of units; however, a villament is designed on a concept of low-density layout where maximum 4-6 homes combined together. Due to this exclusivity and privacy of residents get ensured. Like in any lavish flat where all world –class amenities are available such as open green landscapes, jogging tracks, swimming pools, and gymnasium, similarly in a Villament all such apartment like shared – amenities can be availed at budget price, fostering a sense of community belonging while keeping the crowd minimal.
Villa & Apartment v/s Villament
Like in any apartment society, a gated community with 24×7 security is offered, similarly in a Villament, residents can have a peace of mind as their families are living in a safe place of gated community unlike villas with less security. Besides safety and security Villament is also an ideal option for those who living alone or have a small family. In villas with full privacy and freedom often people feel isolated; however, in a villament a feel of villa-like privacy and freedom comes with a few limited close neighbours around bringing a perfect balance in social life. So, residents never feel isolated and can have a balanced social life.
Last but not the least; Villament is a smart and cost-efficient alternative to villas. Villas are mostly expensive due to independent land ownership; however, villaments are available in budget-friendly prices due to shared land ownership. This is the why people with mid-to-high-income home buyers aspiring for luxury homes without spending too much can turn their dream home into a reality. Many Indian real estate developers have tie up with national and private banks that help buyers in buying their dream homes.
Final Thoughts
In a nutshell, villament offers benefits of both villa and apartment. With a villa like fully privacy and freedom residents can still enjoy being a part of a small community that keeps well-being and social life balanced. So, choose villament to enjoy luxury living in a compact community setting.
