What is the lifespan of high-rise apartments?

Whether it’s a house, apartment, or villa, any property purchase can be considered a long-term investment. When you buy a flat in an apartment, it’s not just for living there, but also with the expectation of earning some profit in the future. However, many questions arise at the time of purchase. The main concerns are: How long will the flat last? How strong will my flat remain? What will happen to the apartment after 40 to 50 years? Is investing in flats really profitable? Is there a chance to earn a profit by selling the flat after 50 years? These are some of the key doubts buyers often have. A flat in an apartment is one of the most important fixed assets you own. Even if you don’t gain profit from the flat immediately, investing in it never leads to a loss. Some people worry that the flat they purchased will lose its value after 50 years, but such concerns are unnecessary. In India, all types of building-related activities are regulated by the National Building Code (NBC), along with certain regulations based on the State Building Codes. If the property you buy complies with the NBC regulations and the State Building Code rules, you can be assured that your investment is secure. Real estate experts say that compared to buildings from the 1900s, the buildings constructed today are much stronger. Modern technology, advanced engineering standards, and the latest construction machinery are used in building structures, making them more durable. As a result, many of the high-rise apartments being built today have a lifespan of 75 to 100 years. Additionally, with proper maintenance, this lifespan can be extended even further, according to industry specialists. Therefore, when you buy a flat in an apartment, there is no need to worry about losing value after 50 years. Regarding making a profit by selling an old flat, that largely depends on the location of your apartment. If the building is constructed by a trusted construction company, there is no compromise on quality. Additionally, if the property is located near good connectivity options, hospitals, malls, metro transportation, schools, colleges, and other facilities, it becomes even more profitable. Even when the building is of good quality, the property holds better value. However, buyers of flats in apartments should keep one thing in mind: property value never decreases; it always appreciates over time. Based on market value, you can sell your flat anytime and make a profit. As long as there are no legal issues or damages associated with your flat, you will gain good returns. Therefore, buying a flat in an apartment is a wise decision not only for residence but also as a long-term investment. No matter how many years pass, the value of the land share (UDS – Undivided Share of Land) that comes with your flat will always increase over time; there is no chance of it decreasing.