Brigade Orchards: Is the investment story overblown?
Did a site visit to Brigade Orchards last week. Everyone glorifies its appreciation potential, but for a completed project, I'm honestly not seeing it. I work in real estate, but buying for myself is different; I see through the hype. What's the *actual* rental yield folks are getting there? Not the brochure numbers. At ₹85L-1.95Cr, the resale market feels sluggish. Who's buying these for investment now, especially with so much new inventory? The exit strategy looks tricky. Change my mind.
Comments
Hold on, guys! Brigade is a solid brand, especially in Bangalore. Orchards is a massive township, not just an an apartment building. The amenities, the lifestyle, the sheer scale – that's what you're paying for. Appreciation might not be sky-high *now*, but for long-term living and brand value, isn't it still a good bet? What's your personal experience if you live there?
U2, brand value is one thing, but actual appreciation and rental yield for investors is another. Many big builders have projects that just don't perform on the investment front after completion. The project got possession way back in 2016-12-01. That's almost 8 years. If it hasn't shown significant upward
Yaar, I've been eyeing Brigade Orchards too for my first home, but the OP's point about sluggish resale really hits home. My budget is tight, and I need something that at least holds value. Plus, for a completed project, what's the maintenance like? Is it super high for all the amenities they boast about?
Exactly! High maintenance always eats into your returns. Not budget-friendly at all.
U1, maintenance is definitely on the higher side, around ₹5-6 per sqft, and that's just the basic. Electricity and water bill alag se. Plus, the location, while good for some, means daily commute can be a pain for many, which affects rental demand. So, yes, it adds to the overall cost burden.