Why do Millennials prefer the bare shell apartments?
When you buy your dream home, you wish to customise it so that it reflects your lifestyle and taste of living. The freedom to customise your apartment as per your lifestyle has resulted in the popularity of bare shell apartments among the millennials. Most of the new residential flats in south Mumbai especially the 3 BHK flats and 4 BHK flats in Worli, Dadar, Prabhadevi avail bare shell apartments.
Traditionally, most real estate developers would provide bare shell apartments since the home buyers of these luxury apartments prefer it to be bare shell for its customisation.
What is a bare-shell apartment?
A bare shell refers to a property which has its construction completed with all basic building services in place along with the basic fixtures like windows, doors etc. However, it lacks lighting, furniture, flooring, HVAC system and plumbing.
The flexibility to plan post-possession makes the option popular among home buyers. The biggest factor, however, is the fact that bare shell apartments come at a cheaper price than furnished ones.
Luxury Quotient
Most home buyers who invest in luxury apartments prefer to invest in interiors as per their preferences. Developers often leverage exclusivity and personal touches in bare-shell apartments.
Occupancy Certificate
An occupancy certificate (OC) is an application made by the developers to the local authorities for the project to ensure the basic amenities like water, electricity and sewage etc are authorised to the project. There are instances where developers provide part OC depending on the scale of the project. This enables the residents to begin their interiors etc as per their schedule.
Bare shell flats provided to flat owners for customised interiors can result in a coincident date of occupation and move-in, relieving home owners of the EMI/rental burden that sometimes comes together in this process of handing over.
An advantage for all
The bare shell apartments provide flexibility to personalise as well as lower the cost than if you break and build the apartment, hence an advantage for customers and their respective interior design firms.
Keeping the current trends in mind, Vraj Tiara, the 39-storey residential tower offers its bare shell 3 BHK flats and 4 BHK flats in Worli with balconies that have 270-degree sea view from every apartment. The living spaces the begin from 22 floor have unobstructed sea view making it stand out as one of the few luxury apartments in the vicinity.
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