V
Venkatesh Daggubati
Advaitha Aksha: My hidden resale market questions
Been looking at Bengaluru properties for a year, Advaitha Aksha keeps popping up. Fed up of renting, landlord raised rent again, finally taking the plunge. My broker calls it a great investment, but what's the real resale market like? How liquid is it for a completed project? What's the investor ratio there, honestly? Don't want a ghost society. What's the capital appreciation been since launch? Anyone invested, what's your 5-year exit strategy?
#advaitha-aksha#resale-value#investor-perspective#bengaluru-property#capital-appreciation
Comments
So, is it good for a 5-year exit or not, considering all this? My whole plan is to upgrade in 5-7 years. What about rental yield in this area? I'm hearing the luxury segment in Bengaluru is seeing a bit of a slowdown, especially outside the core tech hubs. Kya lagta hai, will it pick up or is this a long-term hold property?
I did some digging on Advaitha Aksha. The RERA number PRM/KA/RERA/1251/310/PR/171214/001864 is legit, and it was completed on time, possession date was 2021-07-31. Total units are 170. But here's the catch: I don't see many resale listings online for a project that's been completed for a few years. That usually means either people are holding, or the market is just not that liquid for these high-end flats. Capital appreciation has been decent from launch, but not sky-high.
U8 is right. Liquidity is a real issue for projects above ₹2.5 Cr in the current Bengaluru market. Unless it's an absolute prime location with high demand, finding a buyer quickly at your desired price can be tough. Especially if most units are already occupied by investors looking for similar exits.
U7, launch ke time I think it was around ₹1.8 Cr for a 2BHK. Abhi toh ₹2.8 Cr se start hota hai. So, maybe 40-50% appreciation in 5-6 years. It's okay, but not the 'doubled in 5 years' kind of return brokers promise. That's for prime areas or smaller units.
Launch price se kitna upar gaya hai abhi? Any idea on exact appreciation percentage?
Dekho, 'solid on paper' is fine, but as a first-time buyer, I'm worried about the ground reality. Price range toh ₹2.8 Cr se shuru hota hai, it's a huge commitment. What if it's full of investors and nobody actually lives there? Ghost society ka darr toh sahi hai yaar.
True that! My cousin bought a flat in Akshayanagar a few years back, similar price range, and now he regrets it. Most units are empty or just rented out for short-term. Resale value is also stagnant because of the low occupancy and high maintenance.
Absolutely, U3! My biggest fear is buying into a place jahan weekends pe bhi shanti rehti hai. It feels like a waste to pay so much for amenities nobody uses.
Bhai, Advaitha Aksha looks solid on paper. Location bhi acchi hai. I've heard good things about the build quality too. Go for it!
Been looking at Bengaluru properties for a year, Advaitha Aksha keeps popping up. Fed up of renting, landlord raised rent again, finally taking the plunge. My broker calls it a great investment, but what's the real resale market like? How liquid is it for a completed project? What's the investor ratio there, honestly? Don't want a ghost society. What's the capital appreciation been since launch? Anyone invested, what's your 5-year exit strategy?