Can someone suggest me about SJR Crystal Cove?

Q: A villa/rowhouse ~4000 Sqft is costing me 1.53 cr. The model house is a beauty, the project is coming up good. I am almost about to decide. Two issue, they are not ready to negotiate and 500 mtrs stretch from Wipro gate are only concerns. Any suggestions? Neo Mall, Metro station at Electronic City, Peripheral ring road and the project completion will easily bump up the price to 2.5 cr within an year . Is that a fair analysis? Considering , it is a luxury and large villa, is 1.5 cr a good deal? 2.5cr after an year seems to be reasonable . I ran this through my friend who works for real estate large PE fund, he does think 2.5 cr in 1 year is a reasonable expectation. Any other experts?

Vijay Kumar,

31st January 2013

Buying property in Bangalore

sjr crystal cove

Follow Discussion

Also see discussions for

Bangalore Buying property Buying property in Bangalore

Replies (3)

Hi Vijay,
To be frank I am one of the buyer. Your concern about the location is valid and even I had it in my mind.

I have bought this for two reasons:
Close to EC. Don't want to travel in the hectic traffic even with flyover.

The base price (psqft) is reasonable and 3BHK flat which I looked was costing me around 1-1.2 Cr from a reputed builder that time.

These are the risk and assumption I made:
Far from city: Prices close to city are going higher or already high so many people may move out.
Far from airport: Once in a while I will travel . Once the metro is in place no need to worry in future even for investors.
EC has many companies and people are working there unlike other places which is having similar rates are proposed ones.
Neomall near by (don't know when it will be ready)

It is your money and final call should be yours. I didn't buy it for investment so I can't comment about the returns.

sureshkumar yovan,

11th February 2013

Comment

Hey Vijay, Is the price the builder is quoting is excluding registration or including registration?

Anusha, Bangalore

1st February 2013

Comment

Excluding registration. Any other experts

Vijay Kumar,

4th February 2013

These new age triplex homes bring to you a new standard of high-end luxury in the heart of Bangalore. These spacious units are designed especially to give you a luxurious living experience.This BDA approved project is stretched over 7.25 acres of land and is located at just 1 km. from WIPRO Campus & IT Hub. I think it is worth buying a villa here.

Manjunath, Bangalore

1st February 2013

Comment