Q:
Hi all.
Iam planning to buy a villa and I found opal Akshaya in Bannerghatta road as suitable. Has anyone bought a project there. How is the reputation of the builder. Does he have all legal thing proper.
I could not find any review about this property online and hence any feedback about it would be greatly appreciated.
-Shobhana
Hi Shobhana, This seems to be a good deal and we have decided to purchase this, pls contact me if you are interested and we can ask the builder for a good discount :)
Hi I am also interested.. Contact me @ yovansuresh@gmail.com
Q:
A villa/rowhouse ~4000 Sqft is costing me 1.53 cr. The model house is a beauty, the project is coming up good. I am almost about to decide. Two issue, they are not ready to negotiate and 500 mtrs stretch from Wipro gate are only concerns. Any suggestions? Neo Mall, Metro station at Electronic City, Peripheral ring road and the project completion will easily bump up the price to 2.5 cr within an year . Is that a fair analysis? Considering , it is a luxury and large villa, is 1.5 cr a good deal? 2.5cr after an year seems to be reasonable . I ran this through my friend who works for real estate large PE fund, he does think 2.5 cr in 1 year is a reasonable expectation. Any other experts?
Hi Vijay,
To be frank I am one of the buyer. Your concern about the location is valid and even I had it in my mind.
I have bought this for two reasons:
Close to EC. Don't want to travel in the hectic traffic even with flyover.
The base price (psqft) is reasonable and 3BHK flat which I looked was costing me around 1-1.2 Cr from a reputed builder that time.
These are the risk and assumption I made:
Far from city: Prices close to city are going higher or already high so many people may move out.
Far from airport: Once in a while I will travel . Once the metro is in place no need to worry in future even for investors.
EC has many companies and people are working there unlike other places which is having similar rates are proposed ones.
Neomall near by (don't know when it will be ready)
It is your money and final call should be yours. I didn't buy it for investment so I can't comment about the returns.Hi Vijay,
To be frank I am one of the buyer. Your concern about the location is valid and even I had it in my mind.
I have bought this for two reasons:
Close to EC. Don't want to travel in the hectic traffic even with flyover.
The base price (psqft) is reasonable and 3BHK flat which I looked was costing me around 1-1.2 Cr from a reputed builder that time.
These are the risk and assumption I made:
Far from city: Prices close to city are going higher or already high so many people may move out.
Far from airport: Once in a while I will travel . Once the metro is in place no need to worry in future even for investors.
EC has many companies and people are working there unlike other places which is having similar rates are proposed ones.
Neomall near by (don't know when it will be ready)
It is your money and final call should be yours. I didn't buy it for investment so I can't comment about the returns.
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