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AMENITIES

Amenities indicate any useful, desirable, coveted or special facilities, features, or attributes of any location, area, building, housing unit, or zone.

Definition

An amenity is anything that enables more convenience, comfort, enjoyment, peace, or satisfaction, in terms of features, facilities and so on. Amenities are special attributes of any area, location, house, building, or public place. They add to the attractiveness, appeal, and value of properties.

Use of Amenities in Real Estate

Amenities play a crucial role in the real estate sector. They are used by developers, real estate brands, and brokers for describing any special features, attributes, and advantages of projects, housing units, areas, and buildings. Properties and areas with better amenities usually have higher valuations than their counterparts. Amenities are defining or utility features of real estate projects. Some examples include walking and jogging trails, swimming pools, gymnasiums, Wi-Fi, rainwater harvesting, and many others. They also mean civic, infrastructural, public, or social amenities in specific locations.

Projects are marketed on the basis of their proximity to these amenities, such as markets, supermarkets, shopping malls, banks, ATMs, petrol pumps, hospitals, pharmacies, restaurants, schools, colleges, parks, and so on. There can also be public or private amenities in this context. For instance, an office building can have ground-floor washrooms and a cafeteria as a public amenity, i.e. accessible for all visitors and the general public. However, the top-floor restaurant may be a private amenity, i.e. only accessible by the office and its employees.



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