Evolution of a dream home
The idea of a ‘dream home’ more often than not evokes an image of a bungalow with big lawns, spacious rooms designed and decorated to our desires. A luxury amenity or two like a pool or a roof top bar and barbeque may also be planned, but what we do not picture is the sheer effort and resources involved in developing and maintaining the required infrastructure. The idea of a bungalow may look appealing due to the independence the structure represents.
Functionally, it provides us more freedom to design and expand the house as per need. It also provides privacy and personal green spaces to utilise as required. On the other hand an apartment in a residential community represents less freedom and lack of space. But the notion is fast changing – in its design and the mind of home buyers. While the advantages of an independent house may remain unfulfilled in community residential spaces, projects being developed now are leaving less for home owners to vie for in a bungalow.In thoughtfully designed and luxuriously serviced community projects, swimming pools and roof top barbeques are just the essentials instead of a luxury. These projects offer a wide range of indoor and outdoor entertainment options, elaborate sports complexes, play areas for children, green walkways and lifestyle enhancing amenities, at walking distance from home.
In cities like Mumbai, where space comes at a high cost, residential
community projects provide the economy of scale to develop spacious apartments and provide for the lifestyle needs and desires of residents. This is usually not viable for stand-alone bungalows.
As an example, the upcoming commercial hub in the central suburbs of Mumbai, the Bandra-Kurla complex is developing into a boundary-less township. While thoughtfully designed and luxuriously serviced residential communities like Rustomjee Oriana cater to the daily desires of residents, upcoming entertainment hubs, luxury hotels like Sofitel, international health centers like Asian Heart Hospital, educational facilities like the American School and Dhirubhai Ambani International School fulfill lifestyle desires within a 2km periphery distance . People residing here may walk to work and to entertain themselves without wasting time and energy on clogged streets. This time is thus available to spend with loved ones or for your self-development.
In Mumbai an independent house in BKC will cost approximately Rs 6 crore and above. However, this is just the face value and does not include the efforts and resources involved in adding supporting infrastructure and maintenance of the establishment. As a consequence, people are increasingly preferring to pay a reasonable premium and buy a well designed spacious apartment complete with top of the line amenities in a community residential project that give them an enhanced living experience. Home owners do not have to worry about maintenance of the area to keep it clean, there is regular electricity and water supply, availability of technicians on call to repair and maintain the household and community infrastructure.
In talking about the basics provided in apartments, the issue of parking faced by most citizens, even residing in independent houses, is catered for. Often vehicles are parked outside the house causing security concerns to the owners. In residential communities not only is this issue resolved through the design of multi-story parking facility, but each household is given multiple parking slots to cater to the requirement of every family and their visitors.
The author is president, sales and marketing, Rustomjee