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High Rise ApartmentsPros and Cons

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High Rise ApartmentsPros and Cons

Last updated: December 27 2012
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  • High Rise ApartmentsPros and Cons

    Land scarce, development can only happen vertically, so cannot escape this realty......so lets discuss.
  • #2

    #2

    Re : High Rise ApartmentsPros and Cons

    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.

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    • #3

      #3

      Re : High Rise ApartmentsPros and Cons

      >> 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.

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      • #4

        #4

        Re : High Rise ApartmentsPros and Cons

        not again, enough is enough.. this is a never ending debate

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        • #5

          #5

          Re : High Rise ApartmentsPros and Cons

          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"

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          • #6

            #6

            Re : High Rise ApartmentsPros and Cons

            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.

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            • #7

              #7

              Re : High Rise ApartmentsPros and Cons

              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..

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              • #8

                #8

                Re : High Rise ApartmentsPros and Cons

                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.

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                • #9

                  #9

                  Re : High Rise ApartmentsPros and Cons

                  does this logic apply for golf facing towers which are very high(30 floors plus)..I think it is reverse

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                  • #10

                    #10

                    Re : High Rise ApartmentsPros and Cons

                    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)

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