Mahaveer Carnation in Bengaluru: Is it a smart buy for investment and living?
Hey Propmyna community, I've been looking into Mahaveer Carnation in Bengaluru and wanted to share my thoughts, especially for those considering it for both living and investment. This project is COMPLETED, which immediately removes a lot of uncertainty about construction delays and possession, a huge plus for end-users. Mahaveer Group, with their history of over 115 projects and 25 million square feet developed since 1998, brings a certain level of trust. The properties are priced between ₹88.94 L and ₹1.17 Cr, with an average price per square foot of ₹7690. This pricing sits in a competitive segment for Bengaluru's current market. For investment potential and capital appreciation, a completed project means you're buying at today's value, but the opportunity for rental income is immediate. The 2-acre project size suggests a good balance of space and community amenities. As an end-user, you can assess the actual lifestyle and facilities before buying, which is a significant advantage. Market timing for a completed project like this often revolves around local infrastructure growth and demand. While it might not offer the speculative appreciation of an under-construction property, it provides stability and immediate returns. The RERA registration, PRM/KA/RERA/1251/310/PR/180504/001613, ensures regulatory compliance. My take: Mahaveer Carnation looks like a solid option for those prioritizing immediate occupancy, rental yield, and a known builder. Future capital appreciation will likely depend on the specific locality's development trajectory.
Comments
I think we need to be very careful here. The initial post highlights good points like immediate occupancy and rental yield, but the community has brought up some serious contradictions, especially about the 'completed' status and the builder's actual track record as per RERA. For a first-time buyer, this kind of confusion is exactly what we want to avoid. Before even thinking about appreciation, we need to verify the basics. Has anyone visited the site recently? What's the ground reality?
Okay, leaving aside the 'completed' and 'builder' debate for a moment, let's talk about the investment potential. If it's ₹7690/sqft, what kind of rental yields are we seeing in that specific micro-market? The post says immediate rental income, but what's the realistic return? Bengaluru's rental market is hot, but is this project in an area with high demand from tenants, like maybe near Adigara Kallahalli or some IT parks?
My experience with Mahaveer Group isn't great, to be honest. I was looking into their other projects a while back. The initial post mentions 'over 115 projects and 25 million square feet developed', but when I checked RERA, it showed '0' total projects for them. This huge difference in numbers is very suspicious. How can a builder with '0' projects claim such a big portfolio? This makes me question their credibility.
U5, this is critical info! I was so relieved by the 'known builder' part. If their RERA profile shows 0 projects, that means either they operate under different entities, or the initial post is highly inaccurate. For a first-time buyer, this kind of misrepresentation is terrifying.
What?! '0' projects? U5, are you sure? That's a massive red flag. The initial post makes it sound like they're a huge, established builder. This changes everything for me. I was almost convinced this was a safe bet.
Hold on, guys. The original post says 'COMPLETED' but the RERA number PRM/KA/RERA/1251/310/PR/180504/001613, if you check it, shows a possession date of March 1, 2025. How can a project be completed if its possession date is still in the future? This is a red flag for me. Builders often market 'near completion' as 'completed'.
Is this a common issue in Bengaluru? I thought RERA would make things more transparent. If the possession date is 2025, then it's not 'completed' by any definition, right? The initial post is quite confidently saying it's completed, which is confusing.
Exactly, U3! This 'completed' vs. 'possession date' discrepancy is a classic tactic. It's misleading, especially for nervous first-time buyers. We need clarity on whether it's truly ready to move in or if there are still delays possible. That 2025 date is concerning.
U3, you hit the nail on the head! I saw the same thing. My broker tried to pull this trick on me for a project near Aavalahalli. They say 'completed' but then show a future RERA date. It means they still have some work pending, or just getting the occupancy certificate is pending. Big difference.
Yaar, this post is so helpful! I've been so stressed looking for a flat, and the 'completed project' part really caught my eye. No more waiting years for possession sounds like a dream. Mahaveer Group ka naam bhi suna hai, lagta hai bharosemand hain. But is the average price of ₹7690/sqft good for Bengaluru right now? I'm looking in areas like Akshayanagar, and prices there are also quite high.
U1, the completed status is definitely appealing, but that price range, ₹89 L to ₹1.2 Cr, seems a bit steep for a first-time buyer like me, especially if it's not a prime, developed area. We need to check the actual location and if it's really worth that much. Builder ka background toh theek hai but numbers check karne padenge.
Totally agree U1! Completed project is a huge relief. Mera friend ka project 3 saal late chal raha hai. But I'm confused, if it's completed, why does the RERA possession date say 2025-03-01? Is it just for paperwork or what?