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Nitin Arora
posted on 9 MayFancy amenities: investor burden, not asset?
₹1.5 Cr for a 3BHK in Sobha Silicon Oasis — is the amenity premium worth it? Fancy clubhouse, landscaping se resale badhti hai, sab bolte hain. But mostly toh ghost facilities hoti hain. Investors ke liye, kya yeh tenant attract karti hain ya bas maintenance badha deti hain? Change my mind.
#investor#sobha-silicon-oasis#amenities#maintenance-costs#resale-value
Comments
It's a tough call, honestly. In Bengaluru's current market, especially post-pandemic, people are looking for good quality of life, and amenities do play a part. But the key is 'usable' amenities. For Sobha Silicon Oasis, since it's a completed project (Possession date: 2019-04-01), you can actually visit and see the condition of the clubhouse, gym, etc. Don't go by brochure images. Talk to existing residents about society charges and amenity upkeep. Sometimes, a well-maintained basic set of amenities is better than a long list of neglected ones. This project has a RERA number, so at least that part is transparent, but amenity quality is a different ball game altogether.
My friend bought a place in a similar large complex, not Sobha, but with all the bells and whistles. He thought it would be great for resale. Now, three years later, the society charges are through the roof because they have to maintain two swimming pools, a huge clubhouse, and a tennis court that's always empty. He's struggling to sell because buyers are put off by the high maintenance. It became a burden, not an asset for him. The dream of a luxurious life quickly turned into a financial nightmare. What's the point of a fancy amenity if it just drains your wallet?
U8, for my friend, the biggest burden was the indoor heated pool. It was rarely used, but heating it, cleaning it, and having lifeguards on standby cost a fortune. Same with a dedicated multi-purpose hall that saw maybe 5 bookings a year but still needed AC and cleaning staff. Things that sound good on paper but have low actual usage become money pits. Also, the landscaping was beautiful, but the gardening team was huge and expensive.
U6, that's my biggest fear! Can you give some examples of these 'ghost facilities' or things that just add to maintenance without value? Like, what specific amenities became a burden for your friend?
Exactly! Hidden costs are the real problem. Brochure mein sab chamakta hai, reality mein bills aate hain.
Hold on, ₹1.5 Cr for a 3BHK in Sobha Silicon Oasis? Are you sure about that price? Last I checked, Sobha Silicon Oasis starts at around ₹2.0 Cr for a 3BHK, and that's for smaller configurations. Given its possession date was 2019, the prices have only appreciated. If it's 1.5 Cr, it sounds like a deal too good to be true, or maybe for a very specific, smaller unit. Amenities ka premium toh hai hi, but the base price itself is quite high for Sobha. What's the real value proposition if the sticker price is already so steep?
Maybe the OP meant 1.5 Cr was their budget, not the actual price. But to answer your question about value, good amenities *do* attract tenants, especially expats or young professionals who look for a 'complete' living experience. For an investor, a well-maintained clubhouse and green spaces can justify a slightly higher rent, even if you don't use them yourself. But yes, only if they are actually functional, which is the big IF.
U3, you're right. I was also shocked by the 1.5 Cr figure. Even in Aavalahalli, you don't get a decent 3BHK from a reputed builder for that price anymore, let alone Sobha. The amenities are a selling point, yes, but only if the basic structure and location justify the premium. Otherwise, it just feels like we're paying for marketing.
Bhai, you hit the nail on the head! My cousin bought a flat in Akshayanagar and the 'state-of-the-art gym' they promised is now just a dusty room with two broken treadmills. And the swimming pool? It’s usually closed for 'maintenance'. First-time buyers like us get lured by these fancy brochures, thinking it'll be a great lifestyle, but it just adds to the EMI and then the society charges.
Totally agree with the post! I've been looking at properties around Sarjapur Road and every builder tries to sell you on these 'luxury' amenities. But deep down, I just want a good quality home that doesn't cost a bomb in maintenance later. Is it really worth paying extra for a bowling alley that no one uses after the first year?