I want to invest in Gagan Clear Sky apartment project in Hinkal
Q: Im thinking of making an investment in an upcoming residential market. Hinkal area seems promising. I checked out the place, and found the Gagan Clear Sky project. Please give me some info regarding this project, its prices, specs, amenities etc, and whether it will be a good investment decision or not, in terms of future appreciation
The project is a standard residential apartment building. Modern amenities are available, like power backup, a nice garden and play areas for kids. There's also nice gym in the building complex. There are more amenities, I saw a bunch of other stuff on the commonfloor page for this project. You can check it too if you want - http://www.commonfloor.com/gagan-clear-sky-mysore/povp-ioo6fu
These apartments are quite preferable for a cheap investment, since neither of their prices cross the 40 lac limit. The 2bhks are priced at roughly rs 32 lacs and the 3bhks are priced at an approx rs 38.5 lacs. The price appreciation in general in Mysore, especially in upcoming prime residential areas like Hinkal, will make your investment worthwhile.
Ok I think this has the potential to be a good investment venture. The locality is upcoming, but it already has some good social infrastructure around, like good schools, hospitals, banks, supermarkets, etc. More are coming up, that will definitely increase the value of this project.
I think the fact that its located right near the intersection of the Hunsur Road and the ORR will make this property so much more accessible and in demand. Good connectivity is something that never loses its real estate value, in fact it only rises with time.
I'll give u a little apartment detail. The 2bhk are 989 sq ft big, and the 3bhks are obviously bigger - 1200 sq ft in size. Both the apartments are however priced at the same Rs 3200 per square ft.
The project is a 4-storeyed building, it has less than 100 apartment units, and it has been ready to move since September. Apartments are still available. The standard MUDA approval is already there for this project, so its good to go!
I have a bit of info about the apartment units. They are regular 2 and 3 bhk flats, averaging around 1100 sq ft built up area. Thats quite standard apartment size, also the project locality is close to Vijayanagar, which is an established residential locality of Mysore. So this will be a safe investment, acc to me.