M
Manpreet Brar
posted on 10 MayAkshayanagara East prices feel totally inflated.
Is Akshayanagara East really worth the current asking prices? I'm fed up of renting, finally looking to buy a 2BHK there, budget around 90L. Prices seem high, but the connectivity to Bannerghatta Road is tempting. Is the water supply situation manageable, or is it tanker-dependent? Also, what's the real investment potential for a 3-5 year hold? Any negotiation room on these rates?
#akshayanagara-east#property-prices#water-supply#investment-potential#first-time-buyer
Comments
While connectivity to Bannerghatta Road is a strong point, Akshayanagara East is still developing. For a 3-5 year hold, the investment potential depends heavily on how quickly infrastructure catches up, especially water and roads. If you're buying for self-use, consider the daily grind. If purely for investment, the current prices might not give you much appreciation in that short timeframe, unless there's a major development push.
The current Bengaluru market is tough for first-time buyers, especially for 2BHKs in decent localities. Demand is high, and supply for well-located, budget-friendly units is low. Builders know this, so they're holding firm on prices. Akshayanagara East is benefiting from the general city-southward expansion trend.
Is there any specific project that's genuinely good value, or are all builders just trying to cash in on the Bannerghatta Road proximity? Also, has anyone checked RERA data for any actual price drops or is it just wishful thinking that prices might come down?
Project names mat pucho, sab loot rahe hain. Good value is a myth right now.
RERA data toh public hai, but builders often show lower prices there and charge more on agreement with 'extra' costs. Negotiation is possible, but usually 5-10% max if you're lucky and the project is struggling. Don't expect miracles, especially for good inventory.
Been there, done that! I visited Akshayanagara East extensively last year. The asking prices are indeed inflated, especially considering the infrastructure. I saw one project quoting 7500/sqft for a 2BHK, and on paper, they promised borewell water but residents in an older block of the same builder told me they still get tanker supply 3-4 times a week. It's a huge red flag and adds to monthly expenses, impacting your budget significantly.
Not really, for Akshayanagara East, most projects are facing similar water challenges. Even the ones claiming borewells often rely on tankers for backup, just like what you mentioned. I checked out a few near Agrahara Layout side, and the situation wasn't much different. That 7500/sqft sounds about right, but factor in the tanker cost and maintenance. So yes, water is a major concern, don't ignore it.
Which builder was this? I heard some projects like in Aavalahalli nearby have better water solutions. Is it true for Akshayanagar East too, or is it mostly tanker-dependent?
Water issue toh har jagah hai idhar, not just Akshayanagara.
Totally agree! Prices in Akshayanagara East have gone absolutely crazy. I was looking for a 2BHK there too, budget similar to yours, but everything feels so overpriced. Even places like Agrahara Layout nearby are getting expensive.
Connectivity acchi hai, no doubt, but baki sab issues hain. Water ka toh serious problem hai, you can't ignore that in the long run. My friend lives there and pays a fortune for tankers.
Budget hil jaata hai dekh ke.
Haan, main bhi dekha tha, *Green Meadows* project mein toh 1cr bol rahe hain 2BHK ke liye, that's insane for that area! Negotiation toh door ki baat hai, they act like they're doing us a favour.