Prashant Karuna Sagar Phase I

Q: I will be moving to Indore pretty soon; thinking of investing in the Indore real estate. Is the Prashant Karuna Sagar Phase I any good? I’ve heard a bit about it from some of my friends. Does anyone have any further information about this project, like price details, date of possession, etc?

Wasim Iqbal, Indore

24th May 2014

Residential Project Review in Prashant Sagar, Kanadia road, Indore

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kanadia road real estate

prashant karuna sagar project

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Replies (4)

Hey, I have some information about the price details of this property. The 1bhk apartments are 550 square feet in size. They have a square foot price of Rs. 1700 and a total price of Rs 9.2 lacs. The 2bhk apartments have a built-up area of 950 square feet and the same square foot price. So these will cost you around Rs 16 lacs only. This project has already received home loan approvals from HDFC Bank, LIC Housing Finance Ltd, State Bank of India. The date of possession has been announced to be October of 2014.

Vaibhavi Jain, Indore

24th May 2014

Comment

The Prashant Karuna Sagar project is currently under construction. The Phase I of this project is going to have just apartments and that also only 1 and 2 bhks. The project is located on the Agra Bombay bypass and is well connected to the city. Bengali Square is quite nearby; you just have to drive down straight towards the Ring Road. The Spring Valley School is quite near to the project location, so if you have children, you can send them there.

Akshay Sethi, Indore

24th May 2014

Comment

I think it is a good project. It is for those who don’t need a large living space. The 1 or 2 bhks are good for renting out. So for the 2bhks you can invest just around Rs 20 lacs and get a nice modern apartment, which you can later rent out to people for around Rs 8000 – 9000 per month. These apartments are perfect for bachelors, working professionals, or small, nuclear families having 3 or less members

Naveen Jaitley, Indore

24th May 2014

Comment

Hey, the Prashant Karuna Sagar project is pretty good actually. This is a gated community and has a total of 15 buildings. The apartments are all 1 or 2bhks. It has all the basic amenities provided at most gated communities these days – 24 hour power backup, proper security system, club house facilities, swimming pool, gymnasium, etc. These are all budget apartments, the price rate is quite affordable, just Rs, 1700/sq. ft. This project is located on the Kanadia Road in Indore, before the Graha Golf Club. The project has received approval from the Indore Developmental Authority (IDA), so it is definitely reliable.

Rashika Mahajan, Indore

24th May 2014

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