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Debjani Chatterjee
posted on 18 MayIs Premium Homes still a good investment?
After 8 years of renting, it's time to buy. EMI vs rent math is hitting hard now. I'm looking at the 'Premium Homes' corridor. Is it still undervalued for investment, or has it peaked? I saw Godrej Vanantara, prices seem high. Any specific projects or sectors in Premium Homes that still offer good value right now? Or am I too late?
#premium-homes#investment#bengaluru#first-time-buyer#godrej-vanantara
Comments
Look, the 'undervalued' ship for Premium Homes sailed about 3-4 years ago. Now it's more about strategic buys. Don't rush into anything. Check the builder's reputation, RERA completion dates, and future infrastructure plans (Metro connectivity, road widening). Don't just rely on what the sales guys tell you. Visit the site multiple times during different hours. For self-use, it might still make sense if you find something that fits your budget and specific needs, but for pure investment, returns might be moderate.
U10, check BBMP master plans online and government project updates. Also, talk to locals in the area, they usually have the ground truth. Sometimes even small shopkeepers know more than the builders!
U9, what's the best way to check future infrastructure plans? Builder docs are always rosy.
I think there's still value, but you need to be very selective. Don't just look at the big names like Godrej. Some smaller projects around Akshayanagar are still decent, especially if you negotiate hard. I know a project called 'Green Haven' there, prices were around 5500/sqft a few months back. But with the current interest rates, are people still buying aggressively? I'm worried about property prices stagnating for a bit.
Haan, U7 sahi keh raha hai. RERA data shows sales velocity has dipped slightly in Q4 2023 for most Tier 2 areas like Premium Homes. Stagnation is a real possibility.
U6, you're right about interest rates. My loan pre-approval is looking much higher than I expected. Many of my colleagues are holding off for a few months, hoping for a correction. I think the market *has* slowed down a bit in Bengaluru, especially for projects priced above 80L.
Bhai, Premium Homes is a trap if you're looking for 'undervalued' now. My cousin bought in Aavalahalli two years ago, thinking it would skyrocket. Appreciation has been very slow compared to what was promised. Plus, the infrastructure development is lagging. Are you looking at it purely for investment or self-use? Because for self-use, daily commute might be a pain.
U4, avoid anything too deep into Agrahara Layout if you're worried about water. A friend of mine has had constant tanker issues. Also, check the builder's RERA status carefully; some local builders there have a very poor track record with possession dates.
U3, I'm looking for self-use only, but also want decent appreciation. Commute is a big concern for sure, especially if working towards Electronic City. I heard about the water issues in some parts too. Any specific areas to avoid near Aavalahalli?
Totally agree bhai, Godrej Vanantara is out of budget for most first-time buyers. I checked it too, felt like I was looking at Whitefield prices.
Premium Homes corridor has definitely seen a boom, but undervalued? I highly doubt it now. Godrej Vanantara prices are insane, totally agree. I was looking at Adigara Kallahalli a year back, even then it felt stretched. Ab toh aur mushkil hai.