Introduction: Beyond Aesthetics — Landscaping as a Valuable Investment
A lush, well-maintained landscape is more than just a visual delight; it's a strategic investment that enhances property value, fosters community well-being, and reflects a commitment to environmental stewardship. However, many housing societies in Pune often underfund their garden maintenance, leading to unkempt spaces that can diminish property values and resident satisfaction.
In this blog, we explore the tangible benefits of proper landscape maintenance through the lens of a premium housing society in Pune, highlighting both financial gains and lifestyle enhancements.
Case Study: A Premium Housing Society in Pune
Property Overview
- Structure: 6 towers, each with 22 floors and 4 apartments per floor
- Total Apartments: 6 × 22 × 4 = 528
- Cost per Apartment: ₹2 crore
- Total Asset Value: ₹2 crore × 528 = ₹1,056 crore
Initial Landscaping Investment
The builder has already invested ₹3 crore in the society's landscaping, recognizing that a well-designed garden is an appreciating asset that enhances the property's allure over time.
Financial Implications of Landscape Maintenance
Scenario 1: Professional Maintenance Approach
Allocating an appropriate budget for landscape upkeep ensures the garden remains vibrant and appealing.
- Annual Maintenance Budget: Approximately 15% of the initial landscaping cost, equating to ₹45 lakh per year.
- Monthly Maintenance Cost: ₹45 lakh ÷ 12 ≈ ₹3.75 lakh
- Cost per Apartment: ₹3.75 lakh ÷ 528 ≈ ₹710 per month
Projected Value Appreciation:
Well-maintained landscapes can increase property values by 10-20%.
- 10% Increase: ₹1,056 crore × 1.10 = ₹1,161 crore
- Gain per Apartment: ₹1 crore ÷ 528 ≈ ₹20 lakh
- 20% Increase: ₹1,056 crore × 1.20 = ₹1,267 crore
- Gain per Apartment: ₹211 crore ÷ 528 ≈ ₹40 lakh
Scenario 2: Minimal Maintenance Approach
Many societies opt for minimal maintenance, budgeting around ₹1 lakh per month, primarily covering gardener salaries without provisions for repairs or enhancements.
- Annual Budget: ₹12 lakh
- Monthly Cost per Apartment: ₹1 lakh ÷ 528 ≈ ₹190
Potential Value Depreciation:
Neglected landscapes can lead to a 10-20% decrease in property value.
- 10% Decrease: ₹1,056 crore × 0.90 = ₹950 crore
- Loss per Apartment: ₹106 crore ÷ 528 ≈ ₹20 lakh
- 20% Decrease: ₹1,056 crore × 0.80 = ₹845 crore
- Loss per Apartment: ₹211 crore ÷ 528 ≈ ₹40 lakh
Comparison:
Investing an additional ₹520 per apartment per month (₹710 - ₹190) in professional maintenance can potentially yield a ₹20-40 lakh increase in property value per apartment.
Lifestyle and Community Benefits
Beyond financial gains, a well-maintained garden offers numerous lifestyle advantages:
- Community Engagement: Provides a serene environment for morning walks, children's play, and evening gatherings, fostering a sense of community.
- Environmental Contribution: Enhances air quality and biodiversity, contributing positively to Pune's urban environment.
- Resident Well-being: Access to green spaces has been linked to reduced stress and improved mental health.
Reevaluating
Budget Priorities: Car Maintenance vs. Garden Maintenance
Many residents routinely spend on car maintenance without considering it a
significant expense. For instance, paying ₹500 per car per month for cleaning
two cars totals ₹1,000 monthly. In contrast, investing ₹710 per month in garden
maintenance per apartment not only enhances daily living experiences but also significantly
boosts property values.
Conclusion: A Strategic Investment for Housing Societies
Allocating adequate funds for professional landscape maintenance is a prudent investment that offers substantial financial returns and enriches residents' quality of life. By prioritizing well-maintained gardens, housing societies can enhance property values, foster community engagement, and contribute positively to the environment.
Take Action Today!
Ensure your housing society reaps the benefits of a well-maintained landscape. Contact Groundcare Services for professional landscape maintenance tailored to premium societies in Pune.
