Bangalore secondary market has better investor value than new launches – change my mind.
Did a site visit to Keya Homes project in Yeshwanthpur on Saturday and honestly wasn't expecting such high PSFs. For a 2BHK, the quote was near ₹1.4 Cr, which seems steep for the location, even with Metro expansion. I'm an investor, not an end-user, so ROI is key. My experience says new launches often have hidden costs which inflate the total acquisition cost significantly. Stamp duty, registration, PLC, interiors... sab add ho jaata hai. Thinking if secondary market deals in Bangalore are now the smarter play. I've seen this pattern before; sometimes the real value is in resale, especially with older projects needing minor upgrades. Do you guys think there are specific price correction zones right now, ya fir sab jagah inflated hai? Specifically looking for opinions on finding underpriced assets for a calculated risk, maybe in areas like Yeshwanthpur or even Sarjapur Road where old inventory exists. Can we still find good deals with decent rental yields, or is it mostly FOMO driving the market?
Comments
Totally agree with the OP. Keya Homes ka PSF sunke toh dimaag kharab ho gaya. My relative almost booked a 3BHK there, but the total cost with all the hidden charges went way beyond their budget. Secondary market mein at least you know what you're getting, no construction delays or last-minute surprises. I'm looking near Agrahara Layout and even there, new projects are asking for crazy money.
U1, so true about hidden costs. PLC, floor rise, club house