September 13, 2024

The role of amenities in real estate value

In the real estate market, property value is a key consideration which sways buying and selling decisions. While it is extremely important for both investors and homeowners to decode the different factors that influence market value, there is no doubt that amenities provided within a property critically impact its value and aspiration quotient.



Amenities are features and services offered by the developer that make the property more attractive and functional. These would range from basic amenities like water, electricity and sanitation, to lifestyle features like gym, swimming pool, health and wellness centre and clubhouse, public amenities like community centre and retail block, smart-tech features like high-speed Internet, automation systems, top-notch security systems, large open green spaces and much more.

In today’s breakneck world, people are always on the move and there are too many stress factors, from work to commuting woes to pollution and what not. There is an undeniable connect between the social infrastructure of a residential project and the wellbeing of its residents. To combat this constant stress in their lives, people these days are always looking for homes with such features and wide, open spaces that would soothe their minds and help them de-stress.



A residential project which offers a whole host of amenities can add value by saving time and effort, providing a relaxed and happy ambience, improving quality of life through overall wellbeing, ample avenues for leisure and recreation activities, etc., thus making the property more appealing and desirable, in turn, pushing up market value.

With increasing awareness and focus on health and wellbeing and sustainable environment, demand for green homes using sustainable building materials and having eco-friendly features like energy-efficient appliances has been steadily rising. And people are willing to shell out more for these features. Small wonder then that developers are rushing to cater to this growing buyer segment with green amenities and play in this value-added segment.

Alongside eco-friendly features, state-of-the-art facilities to boost health and wellness are also driving demand. Hence, well-equipped fitness centres, yoga studios and a clutch of indoor and outdoor sports options are a big plus as buyers crave a healthy lifestyle. Such homes command a premium price in today’s health-conscious market.



Naturally, real estate developers are not averse to creating such ‘home-plus’ features, and buyers are ready to loosen their purse-strings as both segments realize this a wise long-term investment move. Hence community-driven amenities like smart-home technology, solar panels, rainwater harvesting and captive sewage-treatment plants are becoming more and more commonplace.

With the global focus swiveling towards energy-efficiency and sustainability, investing in such amenities is now a no-brainer as it adds significant value to the property. Awareness among the real estate fraternity on the need for lifestyle and environment-friendly features has also improved hugely and many developers are now looking at such top-notch amenities as a key differentiator to move the needle in this ever-evolving market scenario.

If you are looking for such home-plus amenities in your dream home to enhance your lifestyle and improve your family’s health and wellbeing, we at Pioneer Property have the right solution for you whatever your preferred location, among the plethora of premium-amenities projects in our basket.

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