Thanks all for the advice. How would be the demand for small sized 2bhk apartments, in the range 750 to 820 SFT, considering it's well connected & having good infrastructure.
You can easily quote something in between rs 28 lakhs to Rs 32 lakhs. The price may differ depending on the project offered by a builder, connectivity, amenities provided
Still developing, the locality happens to be a prime location with good connectivity to the other parts of Bangalore via NICE Road and Mysore Road. With the metro coming up here in the near future, this area is likely to witness phenomenal infrastructural improvement. For instance, The Traffic Transit Management Center (TTTMC) of the Bangalore Metropolitan Transport Corporation (BMTC) is being constructed here. So hold your selling decision :) :)
You should not sell your property on immediate basis, sell when the demand is high. Don't sell your property during festive offer time. Do some market research and take a wider picture of what is happening in the real estate market at that point of time.
The right time to sell a property depends on the economic fundamentals and capital value trends in the specific area, applicable taxation, developments etc. If the country's GDP is growing well, interest rates will be low. Consequentially, the market sentiment will be buoyant and the conditions are right to sell. Other factors that also command good profit are the locality’s infrastructure such as roads, water and electricity, development of social amenities and entertainment facilities. If the city or the micro-market has a vibrant real estate activity, one can expect to reap good profits by selling a property.