As the penthouse became popular the builders started building penthouses on the top floors of buildings and started charging a premium. A penthouse is an apartment on the highest floor of the building and may have an open terrace. Penthouses come at a high price and showcase the status of the owner.
The rich and the wealthy people like luxury living and the penthouses are in great demand. As the rich buy penthouses, they have the best facilities and amenities. The penthouses are aesthetically appealing and have a good interior design.
The penthouses are usually designed with wealthy buyers in mind. Most celebrities, NRIs and businessmen prefer luxury living and a penthouse In Mumbai is their favourite. A penthouse has features like high ceilings, privacy and open terraces.
Penthouse In Mumbai | Image Resource: homedsgn.com
Benefits of living in a penthouse
● As the penthouses are located on the top floors they can offer unobstructed and good views of the city. Being located on the top floor also makes them free from noise and disturbances. The penthouses are usually quiet and peaceful.
● The penthouse is considered a status symbol and others will look at the owner in admiration. Sometimes the owner of the penthouse enjoys benefits that are not available to the rest units in the building like more square footage.
● The number of penthouses is limited and their value does not go low. The supply of penthouses is lower than the demand so their value will keep growing.
● Some of the builders follow Vastu rules while building penthouses. The penthouses in Mumbai are constructed in the right direction depending on the Vastu rule.
● The penthouses are large and spacious and they get enough natural light coming from the large ceiling windows. They offer good privacy as their larger size means fewer units on the floor and there are no flats above them.
● The penthouses are setback from the outdoor walls and the rest of the building. This gives access to open terraces where the owners can relax or entertain guests.
As the penthouses are located on the top floor they are more expensive than the other flats in the building. The demand for the penthouse is based on the location. Cities that have huge infrastructure developments will have a demand for penthouses.
Penthouses are best for large families with kids as there is enough space for all the family members along with the areas like terraces to relax. It is a good real estate investment option too and its value will grow in the future. The location of the penthouse is also important and it should be well connected to major markets, malls and entertainment facilities. Buying a penthouse in Mumbai is a big investment and you should do it carefully.
