Key Details About The Lilac II Apartment

Understanding the specifics of The Lilac II will help you make an informed decision. Here’s what you need to know:

• Apartment Types: The Lilac II offers a variety of apartment sizes, including one, two, and three-bedroom units. This range accommodates various living situations, whether you’re a single professional or a family.
• Spacious Layouts: The apartments feature open floor plans that maximize space and provide a comfortable living environment. Large windows allow natural light to flood the interiors, creating a warm ambiance.
• Pet-Friendly Options: For pet owners, The Lilac II is a welcoming choice, allowing furry friends to join the household.
• Flexible Lease Terms: The complex offers flexible lease agreements, making it easier for residents to find arrangements that suit their lifestyle, whether short-term or long-term.
• Sustainable Practices: The Lilac II emphasizes eco-friendly living, incorporating sustainable materials and energy-efficient systems in their buildings. This commitment not only benefits the environment but also reduces utility costs for residents.

Additional Features:

• Project Area: The Lilac II complex spans a significant area, ensuring a spacious and well-planned residential environment that promotes a community feel.
• RERA Compliance: The Lilac II Apartment is registered with the Real Estate Regulatory Authority (RERA), ensuring transparency and adherence to the highest standards of construction and customer service.
• Modern Infrastructure: Apartments are designed to offer a blend of luxury and practicality with features like modular kitchens, stylish fittings, and spacious layouts.
• Accessibility: The complex is easily accessible from major roads and highways, with public transportation options nearby. This convenience is especially beneficial for daily commuters.
• Surrounding Amenities: The Lilac II is surrounded by essential services, including grocery stores, schools, hospitals, and shopping centers, making it easy for residents to access all their daily needs.

Cost of Living at The Lilac II Apartment

Understanding the cost structure is crucial when considering a rental property. Here’s a breakdown of the expected expenses at The Lilac II:

• Monthly Rent: Rental prices at The Lilac II vary depending on the size of the unit. One-bedroom apartments typically start around INR 20,000, while larger units may go up to INR 35,000 or more, depending on the layout and amenities offered.
• Security Deposit: A standard security deposit, usually equivalent to one or two months' rent, is required. This amount is refundable upon lease termination, given that the apartment is in good condition.
• Utilities and Additional Costs: While rent often covers maintenance services, residents should budget for utilities such as water, electricity, and internet. Clarifying what is included in the rent before signing is advisable.
• Negotiation Opportunities: Depending on the current market conditions, there may be room for negotiation on rent or lease terms, especially for longer rental periods.

Rent per square foot is approximately ₹28 to ₹42, making it competitive when compared to similar properties in the Sector 49 area.

Lease Terms: Most lease agreements are for a period of 11 months, which is the standard in this locality.

Compared to other residential projects in Sector 49, The Lilac II Apartments offer competitive pricing given their strategic location, superior amenities, and overall quality of life. The rental costs are justified considering the area's demand and connectivity, making it a valuable investment for tenants looking to enjoy both affordability and quality living.

While the cost might seem on the higher side, it's essential to consider the overall value that comes with living in this complex—strategic location, security, and a vibrant community atmosphere. Moreover, prospective tenants should also account for additional costs such as maintenance fees, which are generally not included in the rent.