Villa will be comparatively small and will not be having more luxuries things inside. But bungalow will be huge and luxurious.
Adeeb has things backward.
I disagree with Adeeb completely. A villa is usually more of an estate (dwelling plus surrounding grounds). It is usually in the countryside or seaside. A bungalow is usually a smaller dwelling on a smaller property and is often a small living quarters associated with a nearby larger house.