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5 Things to Look Beyond When Buying a Luxury Home

The brochure will always look exceptional. Here are the five things that actually determine whether a luxury purchase is a good one.

Luxury residential marketing in Bengaluru has become exceptionally good at presenting every project as a once-in-a-generation opportunity. The renders are beautiful. The amenity lists are long. The location descriptions are optimistic. Here are five things worth looking at more carefully.

Developer delivery track record. A developer's history of delivering on time and to specification matters more than their current marketing. Ask specifically about their last three completed projects in Bengaluru.

The actual configuration. Super built-up area and carpet area can differ by 25–35% in some projects. Understand what you are actually buying in terms of usable space.

The neighbourhood in 5 years. Look at what is planned around the project — not just what exists today. A project adjacent to an undeveloped parcel carries different risk from one in an established neighbourhood.

The exit market. If you needed to sell in 3 years, who would buy it and at what price? Projects with a narrow buyer profile are harder to exit. Projects in locations with broad appeal — end-users, investors, NRIs — are more liquid.

The maintenance commitment. Luxury amenities come with luxury maintenance costs. Understand the projected maintenance charges and factor them into your total cost of ownership.