30 to 35% appreciation cannot be expected. Here is my justification. My friend booked value home on March 2013 for the price of 3400 per square foot. Noe Brigade is quoting 3800 per square foot. Just 10.5% appreciation in 18 months
Hi Nikhil, People are telling that Kanakpura Road is a good option for investment purpose and good appreciation is expected in the future. What is your take is the area good for short term investment or long term investment.
The project is approved by BBMP and banks like Axis, HDFC, Bank of Baroda, LIC, SBI and Corporation. The expected possession date of the project is by 2014. You can expect atleast 30 to 35 percent appreciation in 3 years.
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Kanakapura Road will be a better option and you can also expect future appreciation in this area as the area is surrounded by many educationally institutions and the connectivity is also very good. Kanakapura road has become a prime hub for real estate development since last 2-3 years. The residential real estate activity along Kanakapura Road is expected to rapidly expand with the arrival of Metro Rail network.
I think it is a good idea to invest in this project as well as locality. Brigade is one of South India's leading property developers. Their projects extend across several major cities in South India: Chennai, Chikmagalur, Hyderabad, Kochi, Mangalore and Mysore. In short they are A Grade builder.