The luxury segment of the real estate market in India has seen a steady rise over the past few years, with more and more people seeking spacious apartments in high-rise buildings. Apart from the usual 3BHK and 4BHK luxurious flats, one of the most in-demand types of residential properties today is the Penthouse. In the early years of the 2000s, owning an apartment on top of the building was rare and the people who were lucky enough to live in such property often considered it as a unique status symbol due to the penthouse structure as it was more spacious and luxurious.
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Today, the traditional definition of what a penthouse is has changed a bit and if you are thinking of buying one, this blog will help you understand the true penthouse meaning, the advantages of owning a penthouse, some problems with penthouses, and interesting things that every buyer should know!
What is a Penthouse?
The true penthouse definition as per the Oxford dictionary is “a comfortable and expensive set of rooms or flat on top of the building”. A few decades ago, when the concept of a large flat on top of the building was gaining popularity, there used to be just a single penthouse per building and hence were rare. Today, however, people are aware of the penthouse meaning and one can find more than one penthouse on the top floor, mostly due to the size of the buildings being much larger now than they were three decades ago. Let’s take a look at some more details about these luxurious abodes, penthouse prices in India and answer the question you might have now- are penthouses good investments in 2022?
Read: What Is Floor Area Ratio / Floor Space Index and Why Is It Important for Homebuyers?
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Read: Duplex House, For Those Who Want to Live Double the Life!
In tier 1 and tier 2 cities of India, residential project developers have started offering penthouse apartments to people who value luxury living and are eager to spend top money for the right type of residential property. Buying any large residential property is a huge investment and one of the most asked questions by first-time buyers is why are modern luxury penthouses so expensive? The simple answer is, because of the large carpet area of the indoor rooms coupled with the spacious outdoor area such as a balcony or terrace that usually is a part of the penthouse itself! Apart from the value of the real estate itself, the chance of coming home from a busy professional day to a spacious house that comes with access to an open balcony or terrace is something that is of incredible value to the buyer as well.
What is the Demand for Penthouses in India?
There is a huge market for luxury residential apartments in metropolitan and smart cities in urban India. The demand for penthouses has only grown along with the earning capabilities of people. The unique facilities offered in penthouse features are great and are also one of the major reasons why people do not mind spending more than they would have on a traditional large apartment with multiple bedrooms. When people see penthouse design pictures in India, they are immediately impressed by the thought of living in a luxurious property, and thus the demand for such residential properties is bound to increase in the future too. Naturally, the ideal target audience for the property developers when it comes to selling Penthouses is the upper-middle-class, rich businessman, professional managers such as CEOs, entrepreneurs, lawyers, etc.
Read: Real Estate Investment in Chennai: Top Trends for 2024
Characteristics of a Penthouse Apartment
Today’s “penthouse” is no longer just the traditionally defined top-floor apartment of a residential building. Today, real estate brokers call apartments penthouses if they possess certain sought-after features that include unique layouts, ample outdoor space, high ceilings, and fantastic views – even if they’re not on the top floor. Other surprising features that can snag an apartment penthouse status include additional luxury amenities other units don’t have and more square footage than the actual top-floor unit. If a unit has more square footage than the top-floor unit, a unique layout, or luxury amenities not found in other units, for example, there’s a good chance it’ll be dubbed a penthouse if it’s toward the top of the building. And sometimes these units are more attractive than the true penthouse.
Penthouse Pros and Cons
| Pros of Buying a Penthouse | Cons of Buying a Penthouse |
| Spacious Multi-Level Design: Offers ample space with separate living areas, ideal for large families, featuring lower-level halls and upper-level terraces. | High Purchase Price: The exclusivity and rarity of penthouses are reflected in their premium pricing, with costs varying widely by location. |
| Breathtaking Views: Unmatched panoramic cityscape views from the top floors enhance the living experience and aesthetic appeal. | Elevated Maintenance Costs: The expansive size and additional outdoor spaces increase maintenance demands and costs. |
| Valuable Investment: The unique appeal and luxury status of penthouses make them a smart investment choice, expected to appreciate over time. | Accessibility Issues: Potential challenges with elevator dependability and the inconvenience of stair use during outages. |
| Desirable Locations: Situated in coveted city areas, providing easy access to major amenities like business centres, schools, and shopping malls. | Weather Exposure: Increased exposure to weather elements, requiring more frequent maintenance and potentially affecting comfort. |
| Privacy and Security: Enhanced privacy with fewer neighbours and often equipped with advanced security features for peace of mind. | Noise from Roof: Possible susceptibility to noise pollution from rooftop equipment or activities. |
| Exclusive Amenities: Access to luxury amenities such as private elevators, rooftop gardens, and expansive terraces, exclusive to penthouse living. | Resale Challenges: The niche appeal and high price point may limit the pool of potential buyers, affecting resale potential. |
| Natural Light and Ventilation: Elevated position allows for more natural light and better airflow, contributing to a healthier and more enjoyable living environment. | |
| Potential for Customisation: Greater flexibility in personalising the living space, including options for structural changes and higher ceilings. |
Difference Between Penthouse and Apartment
Penthouse vs apartment is quite the same thing with only one difference between them. While an apartment can be a simple domicile unit in any part of the building, a penthouse is attached to the roof or terrace as an outhouse apartment. The major feature difference between an apartment and a penthouse is the luxurious amenities available in the penthouse.
Read: Difference Between Flat and Apartment: An Overview
Exorbitant Price
Since these types of properties are exclusive and not easily available, they tend to be priced at a premium that can get very high. The price of penthouses in India ranges anywhere from 15 cr. rupees to 100 cr. depending on the city’s real estate market.
Maintenance Costs
Some of the problems with penthouses come from the sheer fact that they are so large that the overhead costs that the buyer has to incur. With a property that has an indoor as well as an outdoor area, the added task of maintaining cleanliness and ensuring the property is spick and span can be expensive and adds to the penthouse cost.
What Are the Differences Between a Penthouse and an Apartment?
An apartment and a penthouse are quite the same thing with only one difference between them. While an apartment can be a simple domicile unit in any part of the building, a penthouse is attached to the roof or terrace as an outhouse apartment. The major feature difference between an apartment and a penthouse is the luxurious amenities available in the penthouse.
Vastu Tips for Penthouses Construction in India
Now you are aware of the prices of penthouses in India and the problems associated with owning them. If you still feel the need of owning one of these luxurious penthouses, here are some must-follow Vastu tips for penthouses construction in India:
- follow the basic rules of construction as per Vastu.
- Leave ample open space in the east and north corner of the penthouse.
- The height of the structure should be taller on the south and west side as compared to the rest of the faces.
- Build a garden or arrange some plants in the north-east direction to enhance positivity in your house.
The construction of a penthouse has certain characteristics and should be implemented. Some must-have features may include a terrace, more floor area, fireplace, oversized windows, multiple master suites etc.
Penthouses are gaining popularity amongst buyers in urban Indian cities and have been a lucrative option for people wanting to invest in real estate for the past few years. If you are looking to own a penthouse that is spacious, luxurious, and has a perfect blend of indoor and outdoor space then you can search for many penthouse properties listed on NoBroker that suit your budget and satisfy every need right down to the specifications! The range of penthouses listed on the NoBroker website and mobile application is truly deep and with the help of our property experts, we will help you find the house of your dreams. Your struggle to find the perfect penthouse stops here, just comment below if you need additional help, or click on the link to start your search and save on brokerage.
Frequently Asked Questions
Q1. What is the difference between an apartment and a penthouse?
Ans. The primary distinction lies in their location and luxury level; a penthouse is typically situated on the top floor of an apartment building, offering expansive views and exclusive amenities, while an apartment refers to any residential unit within the building.
Q2. What are common problems with penthouses in Hyderabad?
Ans. Penthouses in Hyderabad may face issues with water leakage due to heavy rains and can also experience higher temperatures during summer months due to direct exposure to sunlight.
Q3. Which cities in India are popular for Penthouse properties?
Ans. A buyer can search for a penthouse in any of the cities in urban India but metropolitan cities such as Mumbai, Delhi, Pune, Bengaluru, and Chennai have the most attractive options when it comes to luxury penthouses.
Q4. Are penthouses legal in Hyderabad?
Ans. Yes, penthouses are legal in Hyderabad, provided they adhere to the local building codes and regulations set by the municipal authorities.
Q5. How many rooms do penthouses have?
Ans. The number of rooms in penthouses can vary greatly, typically ranging from 2 to 5 bedrooms, along with additional living spaces such as a living room, kitchen, and dining area.
Q6. Is Penthouse maintenance too expensive?
Ans. No, owning a penthouse has nominal maintenance expenses and the cost of this would be similar to what the owner may spend on any other large 3BHK, 4BHK apartment, or an independent bungalow.
