A villa/rowhouse ~4000 Sqft is costing me 1.53 cr.

Q: 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,

4th February 2013

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The main reasons that put me in a fix are

- 4000 sqft in the city area
- Elevated road and metro are making E-city a hot area as per many analysts.
- One of the analysts - my friend who works for a real estate PE visited the property along with me and think a 4000 sqft villa cost 2+ cr in similar areas

The reason for relatively lower price ,could be
- Shikkaripalaya stretch- alternate roads is reducing the impact. Tarring of the new road (Opp Ajmera) is happening
- Villas with similar cost do not get sold out easily. He was mentioning about Sterling villa .. Much smaller villa is going at 2.5cr price
- Recession factor

Bangalore has not peaked in terms of prices- compared to Mumbai, Gurgaon.

These all are analysis. Decision is going to be tougher though

Vijay Kumar,

8th February 2013

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I think Rs 1.53 crores for a villa is worth in Electronic city. The region is well developed and has many reputed IT companies, industries and residential spaces. The proper development and accessibility to major destinations of the city in a short span of time, has increased the population density of the region.

Puneet Laskar,

5th February 2013

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