Q:I am planning to invest in MIMS Residency.i would like to know about the developer & their established track record.Also i want to know if they have included super built-area cost in the selling price.An overall feedback on the above mentioned project will be much appreciaated.RegardsTejal
Latest Answer: The northern zone of Bangalore has been glittering with growth and development as Thanisandra witnesses steadfast property values. Close to Outer Ring Road, the locality can be easily accessed from the Nagavara Circle. With hospitals, educational institutes and commercial complexes at a walking distance, the locality climbs up the list of most preferred localities without much effort.
Abundant availability of land has led to the growth of Thanisandra and its adjoining areas. According to market sources, there are few projects in the vicinity which worth a special mention. Sobha Chrysanthemum by Sobha Developers and Monarch Serenity by The Monarch Group are few among them.
The Nagwara Junction is at a walking distance from the area and includes important projects like Karle Town. Property consultants suggest that the area is likely to evolve into a posh residential locality and it is ideal in terms of long term perspective. However, the commercial real estate market of the area is witnessing a slow pace, hence the commercial and office projects in the vicinity take a little more than longer to develop.
In tune with property investment, capital appreciation and rental yield both have equal significance. Quality developments in the region fetch the best rental returns, for instance- Zen Gardens, that fetches around Rs 65000 per month, in the name of rentals.
