Like high fashion, the real estate sector too has its trends and the latest one that has everyone curious is called the ‘Villament’. As most can guess, the term is a portmanteau of villa and apartment and suggests something in between. A house that looks like a villa but acts like an apartment? Or maybe, the other way around? Let’s find out!
No doubt, the very mention of a ‘villa’ gives one images of opulent luxury – large rooms, lavishly done-up with the best of fittings & furnishings, ample privacy, security, a small garden and if you’re really lucky (or really rich) maybe a private pool or at the very least, a fantastic view! For most of us, living in a villa is a dream that we may get to fulfill on an expensive vacation sometime. However, owning one remains well out of reach for most of us. While luxury apartments can (and do) provide a lot of high-class amenities these days, a villa is still the epitome of luxury for most of us. That’s where Villaments come in. Apartments that offer all the luxuries of a villa, without blazing through your bank account.
What is it?
A villament is essentially a community of homes – not more than 4-6, all sharing a same general area, but built in such a way as to provide the look, space and design of a private villa for each. It’s common for houses in a villament to share some space – either a garden patch or a wall or a compound – but for all practical purposes, each villament is an independent structure offering privacy and luxury to its residents.
How is it better than villas or apartments?
The advantage that villas provide over apartments is primarily the exclusivity, the privacy as well as the space. Villaments are usually fewer than ten in the same complex space, whereas an apartment building could have as many as hundreds of flats making it quite crowded and also, commonplace. Villaments also offer a lot more privacy, being secluded from others – you certainly won’t find your bedroom window facing another’s kitchen. And let’s not forget villaments offer a lot more space than any luxury apartment – with most villaments boasting upwards of 4 bedrooms, private garden, terrace or even private parking or garage. Most villament complexes also come with facilities usually found in apartment buildings – gymnasiums, club houses, swimming pools and community centres too!
When compared to villas, villaments offer one very clear advantage – Price. Compared to villas, these are priced at a much more comfortable point that makes them actually liveable and purchase-able by many.
Is a Villament just a Glorified Rowhouse?
Certainly many will find a distinct similarity between the older row houses that shared a wall while being independent to the newer villaments. The general lack of floor rise does give one such an impression. But while the purpose of rowhouses was cheap accommodation, that of villaments is affordable luxury and privacy. And anyone who has lived in a rowhouse will tell you – neither of these is to be found there.
Should you consider one?
If privacy and exclusivity was always a criteria for your home, then a villament may just be the right thing for you. A lot of people who are used to living in independent homes – bungalows, for instance – find that as they get older, the idea of neighbours becomes more of a necessity than a nuisance. A villament offers them the best of both worlds – the lifestyle of a villa, with the comforts of living in an apartment complex.