M
Manisha Garg
posted on 10 MayParking lottery kills investment value, fight me
After years of renting, I'm finally taking the plunge. Looking at Meenakshi High Life Towers for investment, but the parking situation has me really worried. They're talking lottery-based allocation for a second car, and even primary slots aren't fixed. How does this even work for resale or attracting good tenants later? Nobody wants parking hassle. Is this common now? Seems like a huge red flag for long-term ROI. What are your experiences?
#parking-allocation#meenakshi-high-life-towers#investor-perspective#resale-value
Comments
This is shocking, honestly. Meenakshi High Life Towers is an ONGOING project, so they should be able to plan this better. The price range is already so high, ₹1.4 Cr to ₹3.7 Cr! And then they pull a parking lottery? This is not a small investment for us first-time buyers. I found their RERA number, PRM/KA/RERA/1
Yaar, I totally get where you're coming from. Parking lottery? That's just asking for trouble, especially in a city like Bengaluru where every inch of space is fought for. I'm also a first-time buyer looking at Meenakshi High Life Towers, and this parking situation is a major red flag for me too. Is this really becoming the norm for new projects now? It feels like builders are cutting corners.
Exactly! When you're spending ₹1.4 Cr to ₹3.7 Cr, you expect proper parking, not a lottery. This definitely impacts the investment value and rental potential. Who wants to pay premium rent for parking woes?
Haan bhai, same experience. My friend booked in another project near Marathahalli, and they had similar issues. Resale value ka toh socho hi mat.