N
Nisha Kapoor
posted on 5 MayBuying before infra hype: What areas are still affordable?
The real money is made buying before the infra hype fully kicks in, not after. I'm fed up of renting, finally looking to buy, and trying to figure out the EMI vs rent math. With Namma Metro Phase 2/3 and PRR coming up, which areas like maybe Deepanjali Nagar or even further towards Kanakapura Road do you think still have affordable 2BHKs, say ₹80L-₹1Cr, but will see huge appreciation? I'm honestly looking for that sweet spot before prices explode. Any hidden gems or builders to look into?
#investment-windows#metro-impact#prr#affordable-housing#bangalore-real-estate
Comments
The infra hype is real, but so are the builder delays. My friend booked a flat in a project near Krishnarajapuram Metro corridor two years ago, builder ne abhi tak possession nahi diya. Every few months they push the date. So, while looking for that sweet spot, also check the builder's past project delivery record and financial stability. RERA registration number is a must, but even then, things can get tricky. Don't just go by fancy brochures.
U14, you can check the RERA website for project details and if there are any complaints filed. But for actual delivery status, it's mostly word of mouth or visiting their previous sites. My cousin is stuck with a builder who keeps extending possession, even after RERA. It's a
Totally agree. How to check builder's track record properly? Is there any public database for RERA project status and delays?
Agar budget constraint hai aur appreciation chahiye, then Attibele / Hosur Road outskirts can be an option. But be warned, it's quite far from the main city. You might get a bigger space for your budget, but daily commute will be a pain until PRR is fully operational.
U10, Attibele se Electronic City tak toh theek hai, 30-45 mins max. But Koramangala toh 1.5-2 hours lag jaate hain, especially with the Hosur Road traffic. Once PRR is done, things might improve, but that's a big 'might'. Right now, it's mostly for people working in industrial areas or if you're okay with a long commute. For U1's budget and appreciation target, it's a good investment if you're looking long-term (5-7 years minimum) and can handle the distance for now. Rental yield is decent there due to industrial workers.
Attibele se connectivity kaisi hai abhi? How long does it take to reach say, Electronic City or Koramangala during peak hours?
Honestly, finding anything decent for 80L-1Cr in areas with guaranteed appreciation is a dream now. Banashankari, which was once considered affordable, is now touching sky-high prices. Builders are quoting insane per sqft rates even in slightly interior locations.
Arekere mein bhi prices upar jaa rahe hain, especially near Meenakshi Temple side. I checked a couple of projects, 1 Cr se neeche kuch khaas nahi mil raha for a good 2BHK. It's so frustrating yaar, every time I save enough, prices jump even higher.
Sahi keh rahe ho. Banashankari toh out of budget hai. What about Arekere or Bannerghatta Road fringes? Kuch milega kya udhar?
Totally agree with the infra hype point! Kanakapura Road is definitely the place to be right now. Metro extension se connectivity next level ho jaayegi. I've been eyeing a few projects there myself, but the prices are climbing pretty fast. Still, for appreciation, I think it's a solid bet.
Sai Properties ka track record theek hai but 90L for a 2BHK on Kanakapura Road seems high already. Yeh 'before infra hype' wala window toh close ho raha hai. Maybe we need to look even further, beyond the main road, ya phir thoda andar towards Harohalli side.
U3, I recently visited 'Greenwood Heights' near Somanahalli (just off Kanakapura Road). Builder ka naam 'Sai Properties' hai. They quoted around 90L for a decent 2BHK with good amenities. Possession 1.5 saal mein bol rahe hain, RERA registered project hai. Price thoda stretch hai but location and future prospects are good. Maybe check them out, U1, you might find it a hidden gem.
Kanakapura Road, haan? Any specific builders you're looking at in that range? Mujhe toh sab bahut expensive lag rahe hain for a 2BHK.
The real money is made buying before the infra hype fully kicks in, not after. I'm fed up of renting, finally looking to buy, and trying to figure out the EMI vs rent math. With Namma Metro Phase 2/3 and PRR coming up, which areas like maybe Deepanjali Nagar or even further towards Kanakapura Road do you think still have affordable 2BHKs, say ₹80L-₹1Cr, but will see huge appreciation? I'm honestly looking for that sweet spot before prices explode. Any hidden gems or builders to look into?