3rd property search, luxury segment giving me pause.

Capital appreciation in Bangalore's luxury segment feels like a gamble right now. I'm looking at Adarsh Parkland Phase 2, priced ₹1.77 Cr+. What's the real capital appreciation forecast for this? High investor ratios worry me for future liquidity. Is Adarsh's project delivery track record still solid for such large-scale developments? Need opinions for long-term ROI.