Row houses are one of the ancient designs of residential architecture dating back to the 16th century when landlords and their support staff moved to their town house during the social season. Over the years, due to the rapidly growing population and the requirement for a space efficient structure to accommodate more than two families, the concept hit a dead end giving way to the high-speed development of apartments. The recent years has however seen a strong comeback of these homes as a premium product and within the reach of a much larger buyer segment with respect to the affordability factor of the row houses.
A rowhouse can simply be defined as a low-rise residential building that shares one or both side walls with the structures next door and typically, made of two to five stories. Truth be told, row houses are misunderstood to be the homes with lesser privacy and floor print. However, developers have mastered the architecture of these homes to provide the privacy the owner needs and the space is smartly utilised providing more amenities than an individual bungalow. Customers now understand that the row houses give a higher share of undivided share of land, meaning better prospects and return value.
In a time and era like today, one needs a home that provides the highest value for money, enough room for a multi-generation family and privacy, and to top it off a private garden with the convenience of a community. A row house is one such property that ticks all those boxes while still being easy on the pockets. Recent trends also show that families of different generations choose to live under the same roof making it a multi-generational home. Row houses enable families to have their own private spaces while sharing the resources. In the next 2-3 years row house communities will see a rapid increase in demand and are likely to consist of 200-400 units and become an integral part of large townships. They are expected to capture atleast 5% of the premium apartment market in the coming years. Currently, the row house projects are located in north and east parts of Bangalore. In a recent survey conducted, it shows that customers are willing to compromise on the travel distance in order to own a landed property.
Nevertheless, developers now have projects in well-connected areas of the city with more land area for a higher percentage of open space and more amenities within the compounds of the community. Commonly found in these projects are a clubhouse, a community hall, sporting-leisure amenities, etc giving a sense of the whole package and more value for the money spent. The main concept of the row house projects is to allow residents to feel a sense of relief and calm when they come home to their family. The homes are built and designed keeping in mind the recent trends in residential architecture such as large windows, natural ventilation, skylights, courtyards, open floor plans, etc. A lot of developers have also started incorporating sustainable and go-green features in the homes, that not only helps the resident in saving on energy consumption but also makes them a responsible citizen. Many real estate companies in the city, truly believe that the comeback of these row houses is a fresh change to the residential sector and in terms of monetary value, these homes will benefit the companies and also the owners of the units on a large scale.
In conclusion, the impact of these row house projects is massive on the industry and may bring a huge shift in the buying pattern of consumers. With constant research and studying buying patterns of consumers, it is evident that it is not to long before row houses will be a top favourite type of project.
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