135,185+ Members
   Get Started   Today's Posts Search Today's Posts Mark Forums Read
IREF® Real Estate in India - Property Discussion
IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Noida > High Rise Apartments-Pros and Cons
Please see and share our IREF promotional video!
Like Tree1Likes

Reply
 
LinkBack Thread Tools Search this Thread
Old October 25 2011, 12:58 AM   #1
 
Join Date: Oct 2011
Posts: 181
Likes Received: 27
Likes Given: 0
Default High Rise Apartments-Pros and Cons

Land scarce, development can only happen vertically, so cannot escape this realty......so lets discuss.

  Reply With Quote
Old October 25 2011, 01:09 AM   #2
 
Join Date: Oct 2011
Posts: 181
Likes Received: 27
Likes Given: 0
Default

ADVANTAGES OF LIVING IN A HIGH RISE

Snob value: Skyscrapers are hard to build, so chances of another one coming up are lower. The exclusivity also helps in price appreciation.

Lower temperature: Temperature drops by about 3°C per 1,000 ft. The Lodha Group claims that the temperature at the top of the 117-storeyed World One will be 4.5°C lower than the ground temperature.

Lesser noise: A difference of 30 floors can reduce the noise level by 30%.

Cleaner air: Concentration of vehicle pollutants and carbon dioxide reduces with the increase in altitude.

Better view and visibility: In clear atmospheric conditions, you can watch up to a distance of 50 km from the top of a 650-ft high building.

More open spaces: High-rise buildings leave more open public spaces, which means more greenery and parks.

Controlled entrances in high-rise buildings reduce the incidence of crime.

AND THE DISADVANTAGES

Higher construction cost: The average construction cost per square foot is 20-25% higher if the building has more than 12 floors.

Floor rise charges: Most developers charge a premium for a better view over the base price of the project on higher floors.

Lesser usable area: Skyscrapers have to support greater building weight. As more parts of the building are devoted to holding it up, they encroach upon the space for living in.

Higher energy cost: Depending on the climate of the region, use of glass can add to the energy cost of the building.

Higher maintenance charges: Most tall towers have at least two banks of lifts. Stricter fire safety norms also add to the cost.

Costlier renovation: It is more expensive to carry out major alterations and renovations in a high rise.

More claimants of land: In case a new building has to be built on the same piece of land, the number of claimants will be higher.

Longer construction time: As skyscrapers take longer to build, you will have to wait more than you would for a normal project to take possession.

Higher insurance premium: The fire insurance premium for a high rise is more than that for a low-rise building.
  Reply With Quote
Old October 25 2011, 11:36 PM   #3
Member
 
Join Date: Sep 2011
Posts: 301
Likes Received: 11
Likes Given: 38
Default

>> Floor rise charges: Most developers charge a premium for a better view over the base price of the project on higher floors.

In NCR this trend is reversed. Higher u go, lesser BSP u pay. Generally for floors above 10th Floor, BSP starts reducing.
  Reply With Quote
Old October 26 2011, 02:01 PM   #4
Member
 
Unidentified's Avatar
 
Join Date: Oct 2010
Location: Faridabad
Posts: 175
Likes Received: 10
Likes Given: 8
My Mood: In Love
Default

not again, enough is enough.. this is a never ending debate
  Reply With Quote
Old October 26 2011, 02:45 PM   #5
Member
 
Join Date: Apr 2011
Posts: 90
Likes Received: 0
Likes Given: 0
Default

Quote:
Originally Posted by newMem7 View Post
>> Floor rise charges: Most developers charge a premium for a better view over the base price of the project on higher floors.

In NCR this trend is reversed. Higher u go, lesser BSP u pay. Generally for floors above 10th Floor, BSP starts reducing.
Did you mean PLC?

And yes, this topic has been beaten to death n number of times and seriously, if you need to discuss this, please at least search for existing threads and post there rather than creating a new one.

In case you missed, all pages of IREF have a marquee running across at the top - "Search Before Posting – Use Forum Search Function – Keep forum free from Duplicate Threads - Use Descriptive Thread Titles"
  Reply With Quote
Old October 26 2011, 05:14 PM   #6
Member
 
Join Date: Sep 2011
Posts: 301
Likes Received: 11
Likes Given: 38
Default

Quote:
Originally Posted by leo_sri View Post
Did you mean PLC?

And yes, this topic has been beaten to death n number of times and seriously, if you need to discuss this, please at least search for existing threads and post there rather than creating a new one.

In case you missed, all pages of IREF have a marquee running across at the top - "Search Before Posting – Use Forum Search Function – Keep forum free from Duplicate Threads - Use Descriptive Thread Titles"
Yups PLC will become negative 10th floor onwards (generally). In my case this PLC was made part of BSP, so effectively BSP increases/decreases with floor height.
  Reply With Quote
Old October 26 2011, 08:50 PM   #7
Member
 
Join Date: Apr 2011
Posts: 90
Likes Received: 0
Likes Given: 0
Default

Quote:
Originally Posted by newMem7 View Post
Yups PLC will become negative 10th floor onwards (generally). In my case this PLC was made part of BSP, so effectively BSP increases/decreases with floor height.
But there aren't many builders who include PLC as part of BSP. Negligible percentage AFAIK..
  Reply With Quote
Old October 26 2011, 09:37 PM   #8
Member
 
Join Date: Sep 2011
Posts: 301
Likes Received: 11
Likes Given: 38
Default

Quote:
Originally Posted by leo_sri View Post
But there aren't many builders who include PLC as part of BSP. Negligible percentage AFAIK..
I booked in exotica fresco, where the builder reduced the PLC of floor (higher floor meant negative PLC) from BSP itself while making calculations for demands.

I guess its beneficial for buyers to get a reduced BSP (disadvantage for buyers whose PLC is added to BSP) as they have to pay lesser service tax - minor effect though.

For buyers buying below 14th floor it will be disadvantageous as the PLC will get added to BSP. Some stunts by builders which buyers need to be aware of.
  Reply With Quote
Old October 26 2011, 11:00 PM   #9
 
Join Date: Oct 2011
Posts: 181
Likes Received: 27
Likes Given: 0
Default

does this logic apply for golf facing towers which are very high(30 floors plus)..I think it is reverse
  Reply With Quote
Old October 27 2011, 06:44 AM   #10
Ex-Moderator
 
fritolay_ps's Avatar
 
Join Date: Mar 2010
Location: Singapore
Posts: 12,630
Likes Received: 1641
Likes Given: 765
My Mood: Amused
Default

Never buy apartment in top high floors….I live in 4th floor and yesterday in Diwali…. There was fire incidence on 2nd floor in my wing (one kid fire the “fuljhadi” on bad) so 2nd floor guys bedroom is completely gone…

now everywhere was dark and 3-4th floor family unable to go down by stairs (no lift)…….. that was very horrible experience if you are caught in fire and you can not go down..… thank got fire stations is just 100m away from society….

Any natural incidence (Earth quick, Fire etc… you are the first one who Panic lot)
futuristic likes this.
  Reply With Quote
Reply
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Join IREF Now!    
Related Threads
Pros/Cons for a Ground Floor Apartement in High Rise
Pros and Cons of purchasing with Downpayment
Sovereign floors or high rise apartments - which is a better investment?
Piped Cooking Gas - Pros and Cons
Mhada resale - pros and cons?


Tags
apartmentspros, cons, high, rise
     

Real Estate in India | Delhi - NCR | Gurgaon | Noida | Greater Noida | Mumbai | Pune | Bangalore | Chennai | Kolkata | Hyderabad | Ahmedabad | Goa
Ghaziabad | Faridabad | Chandigarh | Jaipur | Lucknow | Nagpur | Bhubaneswar | Coimbatore | Indore | Kerala | Surat | Vadodara

Home | About IREF® | Forum Rules | Real Estate Glossary | Terms and Conditions | Copyright Infringement Policy
Copyright © 2006-2014 www.indianrealestateforum.com All Rights Reserved.


".Noida.", ".Uttar Pradesh."India