Adarsh Savana in Bengaluru: My thoughts on its resale market performance
Folks, I've been looking into Adarsh Savana in Bengaluru, specifically for its resale market vibe. This is a completed residential plot project, spanning nearly 100 acres with 1183 units. When it launched, the average price per sqft was around ₹5,200. Fast forward to today, and that average has climbed significantly to ₹9,380 per sqft. That's roughly an 80% appreciation since its launch, which is a solid return for early investors. For those who bought plots at ₹66 Lakhs, seeing values now from ₹1.13 Cr upwards certainly makes for good capital gains. This kind of appreciation points to strong demand and a healthy ROI for long-term holders. Regarding secondary market liquidity, a completed project of this scale and by a builder like Adarsh typically sees decent movement. The substantial price growth suggests buyers are willing to pay a premium. My take is, for a well-located, completed plotted development in Bengaluru, the resale potential remains strong, offering good exit options for investors.
Comments
I'm looking for plots in areas like Akshayanagar or Agrahara Layout, but Adarsh Savana seems to be a different league in terms of pricing. For a first-time buyer with a budget around 1 Cr, is it even realistic to consider something like this, or should I stick to smaller, less developed projects?
The possession date of 2022-10-01 is a good sign, means it's a completed project. But with the current interest rates and general market sentiment in Bengaluru, are new buyers still willing to pay such a premium? My agent told me the market is a bit slow right now for plots in general.
True, U10. Ready-to-move means no waiting, no builder delays. That peace of mind is worth something, especially for first-timers. The appreciation shown here is also for a completed project, so the risk is lower.
U9, interest rates are definitely a concern. EMI bohot high ho jaati hai. But for a completed project like this, maybe the premium is justified for the immediate possession and no construction risk? I'm torn between ready-to-move and under-construction.
My parents were looking at plots a few years back, and Adarsh Savana was on their radar. The ₹1.1 Cr to ₹3.8 Cr range is quite broad. Does anyone know if the higher end plots (like 3.8 Cr) are actually selling at that price, or is it mostly the lower end that's moving? Liquidity for high-value plots can be tricky.
The post says 'Total projects: 0' for Adarsh Developers. That's a huge red flag for me! How can they have such a massive project, 100 acres and 1183 units, and have '0' other projects? Is this a typo or am I missing something? This makes me super cautious.
U6, I think the 'Total projects: 0' is a mistake in the data provided here. Adarsh Developers has many completed projects, they are a reputable group. This Savana project is completed, possession was given in 2022. The RERA number PRM/KA/RERA/1250/303/PR/201001/003613 is also valid. Don't let that '0' scare you, it's likely an error in the input data.
U5, I noticed that too! It's very confusing. Adarsh is a well-known name in Bengaluru, so '0 total projects' seems off. Maybe it means 0 *other* plotted developments, or perhaps the data source is incomplete. This needs clarification before anyone thinks of investing.
Wow, 80% appreciation for Adarsh Savana? That sounds incredible, especially for a first-time buyer like me. I've been so worried about market fluctuations. Is this kind of return common in Bengaluru for plotted developments?
U1, it's good but don't get swayed too quickly. The post mentions Adarsh Developers' total projects as '0' in the data. Is this a new entity or just their first plotted development? That's a big point of concern for me.
Exactly! I'm also a first-timer, U1, and this makes me hopeful. But I'm equally nervous. What about the hidden costs? Builder ka track record kaisa hai? Are there any red flags with Adarsh Developers' past projects?
Bhai, 80% is definitely good, but sometimes these numbers look better on paper. A friend of mine bought a plot near Aavalahalli a few years ago, and while it appreciated, it wasn't this dramatic. Always good to check the actual transactions, not just listed prices.