Property prices jumped, but what about the hidden costs?
Property prices in Sector 63 have jumped 15% in two years, but everyone ignores the hidden costs. ₹6.5 per sqft maintenance charge for a 2BHK is just the beginning, yaar. From my experience, the 'premium' amenities and flashy brochures are often brochure-ware, especially after possession. I've seen projects, like even parts of Silverglades Hightown, where construction quality issues like seepage start appearing within a year. This directly translates to higher maintenance costs for society and affects rental yield. Are these high charges even delivering quality services? Or is it just to cover up builder's initial cost-cutting? Security is often just for show, and clubhouses are ghost towns. Tenants eventually notice. Change my mind: Are these maintenance premiums ever justified for investors?
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