Searching for your dream home in Bangalore? Make an informed decision by understanding the key differences between a condo and an apartment. With so many factors to consider such as amenities, location, budget, and more – knowing the type of accommodation that suits you best can be a game-changer.
Both offer similar living styles but come with distinct advantages and considerations. Let us explore these differences to help you make an informed decision.
What is a Condominium?
A condominium, or condo, is a unique form of homeownership where individuals own a private unit within a shared community. Each condo owner has exclusive ownership of their unit’s interior and exterior structural components, while jointly sharing common areas with fellow residents.
Condominiums can be found in various settings, from high-rise buildings to detached units in select markets. This type of ownership offers a blend of private space and communal living, making it an attractive option for many homebuyers.
What is an Apartment?
An apartment is a self-contained residential unit within a larger building or complex, typically featuring its entrance, bathroom, and kitchen. Apartments can be found in various settings, including, multifamily buildings, multi-unit dwellings or separate units within a house.
Usually, a single owner or management company oversees the maintenance, repairs, and upkeep of common areas and unit infrastructure. Apartments in Electronic City Bangalore can be owned, such as in co-ops or condos, but are often associated with rental agreements. As an apartment renter, you typically gain access to shared amenities like fitness centres, swimming pools, covered parking or trash disposal services.
Condo vs. Apartment: What’s the difference?
Following is a detailed table of differences between a condominium and an apartment in Bangalore:
| Factor | Condominium | Apartment |
| Ownership | Owned by individuals | Purchased from landlord or property management |
| Maintenance Responsibility | Owner responsible for the interior; HOA for exterior and common areas | Similar to the condo; internal society responsible for most maintenance |
| Amenities | Often includes pools, gyms, common areas | Similar amenities, depending on the complex |
| Rules and Regulations | HOA governs common areas; more freedom inside the unit | Housing internal society sets rules for both interior and exterior |
Key Considerations When Choosing Between Condominium vs Apartments
When deciding between purchasing a condo and renting an apartment, there are several key factors to consider:
- Cost: Renting involves a security deposit and monthly rent, while buying includes a down payment, mortgage, and additional fees.
- Maintenance: Renters rely on landlords for repairs, whereas homeowners handle their maintenance.
- Amenities: Both offer amenities like pools, gyms, and parking. Compare what’s available in your apartment complex.
- Location: Both are common in urban and suburban areas and are ideal for city living.
- Rules and Regulations: Condos have HOA rules, while apartments have complex-imposed rules. Condo owners generally have more freedom to personalise their space.
Invention Meets Convenience at Mahendra Homes
The demand for luxurious flats in Bangalore has surged with the entry of tech giants into the market. Whether you are searching for penthouses, chic apartments, or spacious villas, Mahendra Aarya has something to offer.
Located in Phase 2 of Electronic City, Mahendra Aarya combines modern amenities with recreational facilities to epitomize luxury living. Choose from 2 BHK and 3 BHK luxury flats in Electronic City Bangalore to suit your budget and lifestyle needs.
Amenities Include:
- Vaastu-compliant homes
- Senior citizen parks and clubs
- Fully-equipped gyms
- Pet-friendly parks
- Live barbecue areas
- Recreational halls for events
- Co-working garden spaces
- Swimming pools and jogging tracks
If you are in the market for luxury homes in Electronic City, visit Mahendra Aarya to experience the pinnacle of comfort and innovation. Schedule a site visit today and end your search for “flats in Electronic City, Bangalore for sale near me” with our RERA-certified Mahendra Aarya apartments.Contact us now to book your dream apartment in Electronic City, Bangalore at Mahendra Aarya!
