Q: I am planning to purchase a plot in Banashankari. How is the area price-wise and what is the current market price for a plot? What are the precautions to be taken while purchasing a plot? How developed is the layout and is it a BDA layout?
I agree with soundarya... Real estate Banashankari Bangalore has bright future in real estate/ residential property market. Recently in a news source it says Banashankari, Koramangala and Shankrappa Layout are selling houses at Rs 10,000/sq ft. But real estate expert says the price can fall further in 10 to 15 days. So wait for a few months for prices to decline before taking the plunge. Other than Banashankari now is right time to invest in Bangalore. @srinivas I suggest you should know real estate trend before invest.
The location is not as developed like other nearby areas like Jayanagar, BTM, Rajarajeshwari nagar, but it has a bright future. It is a BDA layout and there are lot of plots available in different sizes. The price ranges from Rs 1300 per sq ft – 1800 per sq ft in that area.