The concept of penthouses is catching up big time in India – they are the epitome of luxury for India’s upper middle class society! The trend is simple to follow – if you can afford something more than a traditional apartment but less than a bungalow of your own, a penthouse is the ideal solution for your housing needs.
A penthouse is meant for lavish lifestyles and thus they cost much more than an ordinary apartment. Also, one building structure cannot generally have more than two penthouses. Hence, they are available in smaller numbers than other apartments. The cost of a penthouse would also depend upon the city, the neighborhood within the city, square foot area of the apartment, etc. It would be easier to keep in mind that a penthouse would cost more than an ordinary apartment in the same building.
Penthouses are in demand in metropolitan cities such as Delhi, Chennai, Bangalore and Pune. To give you a fair idea of the prices, the Mahagun Maestro penthouse scheme in Noida is priced at approximately 0.4 million dollars for a 2,525 square foot super area with a 950 square foot terrace. Penthouse properties in Pune are also selling well. Towards the outskirts of the city in Mohamedwadi, the rate is around $40 per square foot. Naturally, in the heart of the city, the prices will be higher. In cities like Delhi and Mumbai, a penthouse property would generally be priced at several crores.
Do you like the concept of a penthouse? Would you like to live in one? What are the advantages of living in a penthouse as compared to an ordinary apartment?