J
Janaki Ramaswamy
posted on 6 MaySecurity system failures impacting my Bangalore investment returns
Security systems in Prestige City are a joke for investor units. CCTVs often offline, visitor management is lax. This impacts tenant retention and ultimately ROI. What's the point of high maintenance for this poor service?
#security-systems#investor-roi#prestige-city#maintenance-charges#tenant-retention
Comments
Dekho, every project has its pros and cons. Prestige City is a massive township, so managing everything perfectly is a huge task, especially with so many units. Security issues are definitely concerning, and they need to be addressed by the builder and the association. But we also can't ignore the brand value, location advantages, and potential appreciation in a growing area like this. It's a tough call for first-time buyers, weighing the risks against the long-term potential. Maybe the initial hiccups will be sorted once more residents move in and the association becomes stronger. But yes, for an investor, tenant retention is key, so this feedback is crucial.
Bhai, price range bhi toh ₹64 L – ₹2.3 Cr hai. For that kind of money, I expect top-notch security, not 'joke' level service. Possession date kya hai? 2025 end tak mil jayega kya, ya woh bhi delay hoga? Already nervous about the EMI burden.
Possession date is officially 2025-12-31, as per their RERA filing. But in Bangalore, project delays are almost a given, especially for large ongoing projects like Prestige City with 227 units. Don't be surprised if it gets pushed by 6-12 months. Builders often get extensions from RERA. For first-time buyers, this means extended pre-EMI payments or paying rent longer, which totally messes up the budget. This uncertainty is a major stress point in the current market.
This is why I always say, check the RERA number and past projects thoroughly. Prestige City ka RERA number hai PRM/KA/RERA/1251/307/PR/200822/005187. While RERA provides some protection, it doesn't guarantee smooth operations post-possession. My cousin bought a flat in a reputed project near Agrahara Layout, and they faced similar issues with water supply and common area maintenance for months. It was a nightmare getting things sorted, even with the association trying its best. Always research beyond the glossy brochures.
True, RERA is good for delays and structural issues, but daily maintenance is a different ball game. Did your cousin eventually get it resolved? I'm looking at options around Arekere / Bannerghatta Road fringes too, and this kind of feedback makes me super hesitant. Koi aur project consider kiya tha aapne?
Oh god, not again! Builders promise the moon and deliver dust. I'm a first-time buyer and already so anxious about every little detail. If even a big name like Prestige has such issues, then what about others? My entire savings are going into this, can't afford such risks.
Yaar, this is exactly what I was worried about! High maintenance charges for what? Just for the builder to cut corners on essential services like security? Meri toh fat rahi hai, I'm already stretching my budget for a 2BHK. What's the point of high maintenance for this poor service?
Exactly! Maintenance for Prestige City is around ₹5-6 per sqft, which is pretty standard for a project of this scale, but if the basic amenities like security are compromised, then it's a huge red flag. Tenant ko kya bolenge jab CCTV hi kaam nahi kar raha? It directly impacts rental yield, which is the main goal for investors like us.