Adarsh Parkland Phase 2: My thoughts on investment potential and livability for early buyers
Hey everyone, I've been looking into Adarsh Parkland Phase 2, an upcoming project in Bengaluru, and wanted to share some initial thoughts for those considering it. Adarsh Group, with over 30 years in Bangalore real estate, is developing this. They're generally known for good construction quality and spacious layouts, which definitely bodes well for practical livability and end-user experience. The project spans 8.01 acres, suggesting a decent community environment. The price range is ₹1.77 Cr – ₹2.23 Cr, with an average price per square foot of ₹12000. For an upcoming project by a reputed builder, this could represent a good entry point for capital appreciation. Market timing for upcoming properties often means getting in early before significant price hikes as construction progresses and infrastructure develops around the area. The RERA number is PRM/KA/RERA/1251/446/PR/210226/008479, providing some regulatory assurance. However, it's worth noting that a recurring complaint against Adarsh Group is significant. This is crucial for an upcoming project, as it could impact the overall experience. While the potential for ROI and capital appreciation is there, especially with an established builder, buyers should weigh this aspect carefully. My takeaway: Adarsh Parkland Phase 2 offers potential for appreciation given its early stage and builder reputation for quality, but do your due diligence on the builder's past project delivery experiences.
Comments
For me, livability is key. Adarsh is known for spacious layouts, which is a big plus. But what about the amenities in Parkland Phase 2? And connectivity to major IT hubs? Bengaluru traffic is already a nightmare. Has anyone seen the detailed master plan or amenity list?
I'm looking for long-term investment and capital appreciation. The OP mentioned early entry. Do you think the price will really shoot up significantly by 2030, considering the initial high entry point? I'm trying to weigh the pros and cons for ROI.
The project size is 8.01 acres with 457 units. That sounds like a decent community, not too dense. But the average price of ₹12000 per sqft for an upcoming project, even with a good builder, feels a bit on the higher side compared to some ready-to-move options in similar localities. What do others think?
OP, you touched upon the recurring complaint about Adarsh Group. Can anyone share specific experiences? I'm particularly worried about possession delays. The RERA number gives some assurance, but if they routinely miss deadlines, RERA fine bhi toh buyer ke liye compensation nahi hota.
Exactly! I heard similar stories. I was considering another Adarsh project in Adigara Kallahalli, but the sales team was very vague about exact possession timelines. For Parkland Phase 2, the possession date is 2030-03-01. That's still so far away, anything can happen.
My friend booked an Adarsh project near Akshayanagar a few years ago. The possession was delayed by almost 1.5 years. Construction quality was good eventually, but the wait and EMI burden were immense. So yes, that 'recurring complaint' is very real. Do your research on their past projects' actual delivery dates versus promised dates.
Thanks for sharing this, OP! Adarsh Group ka naam toh suna hai, but 1.8 Cr se shuruat... as a first-time buyer, it feels like a really big jump. Is this price point normal for a reputed builder in Bengaluru these days, especially for an upcoming project? Thoda darr lag raha hai.
Haan yaar, first-time buyers ke liye ye numbers dekh ke toh BP high ho jaata hai. Adarsh ka reputation hai quality ka, but delivery mein delays ka bhi suna hai. Kya guarantee hai ki 2030 tak sab smooth hoga? Itna paisa block karna hai na.
Totally agree with your point about the price. I've been looking around Aavalahalli and even there, new projects are touching similar numbers. Bengaluru market is just crazy expensive right now, bhai. Maybe Adarsh Parkland Phase 2 will appreciate well, but the initial investment is huge for us.