S
Sharmila Banerjee
Gurugram amenities: investor's dilemma, are they worth it?
Just moved into Raheja Krishna three months ago, and honestly, everyone hypes up these fancy amenities, but are they even worth it for an investor? My flat's rental yield is okay, but the maintenance charges for the clubhouse and those big green areas are crazy. Most of the time, the gym is khaali, kids' play area looks barely used. People just want a decent 2BHK near their office, not a ghost swimming pool. I'm seeing no real ROI from these extras. Builder brochures mein toh sab shiny lagta hai, but actual usage aur upkeep ka kya? Does anyone genuinely think these amenities attract better tenants or give higher resale value? Change my mind.
#investor-roi#gurugram-amenities#raheja-krishna#maintenance-cost#rental-yield
Comments
While I agree that excessive amenities can be a burden for investors, sometimes they do play a role in attracting a certain class of tenants or command a slightly better resale value, especially in a competitive market like Gurugram. It's a fine balance. The current market conditions are also tricky, with property values fluctuating. Has anyone ever managed to negotiate the maintenance charges with the builder or the RWA after moving in? Or are they pretty much set in stone?
U9, negotiation? That's a dream! Once the RWA is formed and the builder hands over, those charges are usually fixed, and you're bound by the society's decisions. They'll tell you it's for 'upkeep of common areas and facilities.' The only way to reduce it is if the RWA decides to cut down on services, which rarely happens. Plus, with 1660 units like Raheja Krishna, getting everyone to agree on anything is a nightmare.
The original post has a point. For an investor, amenities are often a liability, not an asset. End-users might appreciate them, but for rental yield, it's tough.
I almost made this mistake! I was seriously considering a flat in a similar project off Airport Road a couple of years ago. The brochure showed lush gardens and a huge clubhouse. My agent kept pushing the 'lifestyle' aspect. But then I did my due diligence – spoke to existing residents, looked at the maintenance bills. It was insane! For a 2BHK, the maintenance alone was almost 15-20% of what I expected to get in rent. I backed out at the last minute and found something simpler in Baliawas. Saved myself a lot of headache and money, honestly.
The price range for Raheja Krishna is ₹13 L – ₹25 L, which sounds okay for some units, but if the maintenance is eating into everything, it's a false economy. I'm wondering about the actual carpet area for these flats. Are builders compensating for the amenity costs by giving smaller living spaces? What's the typical carpet area for a 2BHK there?
Bhai, the total units are 1660 in Raheja Krishna. With so many units, the amenities get diluted. Plus, the usage patterns are unpredictable. It's a huge dilemma for investors.
U4, that's a very valid point. Builders often quote super built-up area, and the carpet area is significantly less. Plus, these 'amenity-rich' projects often come with higher per square foot costs. I was looking at a project near Badshahpur, and the difference was shocking. You end up paying for common areas you might never use. It's better to find a project with reasonable amenities and focus on location and actual living space, especially as a first-time buyer.
Totally agree, yaar! I'm also looking at properties in Gurugram, and every brochure has these amazing clubhouses and pools. But the maintenance charges scare me more than the actual EMI. Logically, what's the point if only 10% of residents use them?
Exactly! My cousin bought a 2BHK in a similar project near Baharampur Naya, and he's facing the same issue. The annual maintenance for all these 'luxury' amenities is a huge chunk of his potential rental income. Does anyone actually see a higher rental yield or better tenant profiles just because there's a fancy gym that's always empty?