Penthouses have always been the epitome of luxury and exclusivity in the world of real estate. Perched at the top of high-rise buildings, these lavish homes offer more than just a place to live. They are a statement of success, style, and an unparalleled lifestyle.
In this blog, we will explain what is a penthouse, explore the fascinating world of penthouse living, and delve into what makes these luxurious spaces so desirable and sought after. From breathtaking views to bespoke amenities and unparalleled privacy, penthouses offer a living experience that is a notch above the rest.
What is a penthouse apartment?
The term ‘penthouse’ evokes images of luxury, sophistication, and exclusivity. But what does penthouses mean in the real estate context? A penthouse apartment is usually built on the top floor of a high-rise residential building. It is completely different from other apartments in terms of design, size, features, and amenities. Originally, a penthouse referred to a smaller “house” built on the roof of an apartment building. Today, penthouses represent the apex of modern living.
They are often bigger than the other units in the building, with higher ceilings, more luxurious finishes, and spacious layouts. Penthouses also offer better privacy and exclusivity than standard apartments. This is due to their elevated position, which sets them apart from the hustle and bustle of the streets below.
How is a penthouse different from a regular apartment?
Here are the primary aspects that differentiate a penthouse from a regular apartment:
-Location and views: Penthouses are typically situated on the topmost floors of high-rise buildings. This prime spot provides incredible panoramic views of the city skyline, ocean, or beautiful landscapes. On the other hand, regular apartments might not always give you such wide-ranging vistas.
-Size and layout: If you’re wondering what does a penthouse look like, they are generally more spacious than standard apartments, with spacious floor plans. They often have high ceilings, large windows, and sometimes even multiple floors, making them feel like a private house on top of a building.
-Luxury features and amenities: Penthouses are synonymous with luxury. They often come with high-end finishes, state-of-the-art appliances, designer interiors, and custom amenities like private rooftop gardens, large terraces, or even swimming pools. Regular apartments, while comfortable and functional, don’t usually have these lavish features.
-Price point: Because of their superior features and desirability, penthouses tend to be more expensive in the real estate market than regular apartments. This means that not only do you have to pay more to buy one, but you also have to spend more on the maintenance and lifestyle expenses associated with living in such luxury.
Features of a penthouse
Penthouses are known for their unique features that set them apart from standard apartments. These features not only make penthouse living more attractive but also enhance the luxuriousness and comfort of these units. Here are some of the standout features of a penthouse:
1. Spacious layouts
Penthouses typically offer expansive floor plans with ample living space. This often includes large bedrooms, extensive living and dining areas, and multiple floors within the unit, offering a sense of luxury and space.
2. High-end finishes and fixtures
High-quality finishes and fixtures are a defining feature of penthouse apartments, showcasing luxury at its finest. You can expect to find top-notch flooring materials, stylish kitchen and bathroom fittings, elegant lighting solutions, and cutting-edge home technology.
3. Expansive outdoor spaces
One of the most coveted features of a penthouse is its generous outdoor spaces. You’ll find large terraces, balconies, or even your very own rooftop garden, creating a private haven for relaxation or entertainment high above the city.
4. Natural light and ventilation
With fewer surrounding obstructions and higher ceilings, penthouses typically enjoy an abundance of natural light and better air circulation. This creates a bright and airy living environment.
5. Customizable spaces
Many penthouses allow for greater customization. Owners often have the flexibility to tailor the space to their preferences, whether it’s creating a home office, a personal gym, or a private art gallery.
6. Eco-friendly elements
Modern penthouses may also provide eco-friendly features like solar panels, energy-efficient appliances, and sustainable building materials. This seamlessly aligns luxury living with environmental consciousness.
How much does a penthouse cost in India?
Penthouses, being luxurious, are typically priced way higher than standard apartments. In India, the cost of a penthouse varies depending on several factors such as:
-Location: Penthouses in prime locations in metropolitan cities like Mumbai, Delhi, Bangalore, and Kolkata command a higher price.
-Size and layout: Larger penthouses with multiple floors, big terraces, or additional features like private pools or gardens are priced higher.
-Luxury features and amenities: High-end features and exclusive perks like private elevators, fancy interiors, smart home technology, and eco-friendly elements can increase the price of a penthouse.
-Developer and brand: Properties developed by reputed builders known for their luxury projects can fetch a higher price.
-Market trends: Real estate market trends in India also influence penthouse pricing.
-Views and exclusivity: Penthouses with panoramic views, especially in cities with iconic skylines or coastal views, are priced higher.
Here’s an estimate of how much a penthouse costs in major Indian cities:
City
Price range
Delhi NCR
Rs. 5-12 crore
Mumbai
Rs. 10-60 crore
Ahmedabad
Rs. 2-11 crore
Bangalore
Rs. 2-7 crore
Chennai
Rs. 4-6 crore
Kolkata
Rs. 3-14 crore
Pune
Rs. 6-13 crore
Step into a world of luxury with Tata Capital
Penthouses offer a unique lifestyle choice for homeowners looking for a blend of comfort, elegance, and status. However, purchasing such a luxury property can be a significant financial commitment.
With Tata Capital’s tailor-made home loans, you can realise your dream of owning a penthouse without any financial constraints. You can also use our home loan EMI calculator to determine your potential EMIs and make an informed decision. Apply today for competitive interest rates, high loan amounts, and a streamlined application process.
25 June 2024
5 mins read
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