My honest assessment of Avenew Misty Winds for resale and investment
Hey fellow Propmyna members, I've been doing some digging into Avenew Misty Winds, a completed project by Avenew Projects. They're known for quality and timely delivery, which is a good sign. The project spans 2 acres, with units priced from ₹37.99 L to ₹80.74 L, averaging ₹5800/Sqft. Its RERA number is PRM/KA/RERA/1250/304/PR/180319/001492. Looking at livability, being a 5-minute drive from Hoskote Lake and 3 km from Hoskote suggests a relatively peaceful environment, away from the city's immediate rush. This could appeal to end-users seeking a quieter lifestyle with some green spaces. However, for resale market potential and secondary market liquidity, the Hoskote location needs careful consideration. While the area is developing, demand might not be as high as in more central or established IT corridors. Price appreciation since launch would likely be tied to the infrastructure development around Hoskote. If connectivity and civic amenities improve significantly, it could see good returns. Otherwise, selling might take a bit longer than in hot zones. My take is, if you're an end-user prioritizing a serene lifestyle and don't mind the commute to work hubs, Avenew Misty Winds offers a decent proposition. For pure investment, especially for quick resale, one might need to temper expectations, unless you have a longer holding period in mind to benefit from Hoskote's anticipated growth.
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So, it seems like Avenew Misty Winds is a good option if you really want a peaceful home and are okay with the longer commitment for potential appreciation. But for someone like me, who might need to sell in 5-7 years, it feels a bit risky. The ₹38 L – ₹81 L price range is wide, so maybe smaller units are better bets for end-users. What about the maintenance costs there? Are they reasonable for a completed project?
My cousin bought a plot near Aavalahalli, not too far from Hoskote, about 4 years ago. He was promised huge appreciation due to infrastructure development, but it's been slow. The roads are improving, yes, but amenities like good schools and hospitals are still sparse compared to areas closer to the city. For ₹5800/Sqft, I expect more than just 'anticipated growth'. You need to factor in the actual daily commute time and fuel costs if you're working in say, Whitefield. It adds up.
Your cousin's experience is very relevant, U4. I've heard similar stories from friends who invested in areas like Adigara Kallahalli hoping for quick returns. It seems like the further you go from established tech hubs, the longer you have to wait for infrastructure to catch up. Avenew Misty Winds might be a nice home, but resale could be tough as the post suggested.
Exactly, U4! The 'anticipated growth' is always the selling point, but ground reality is different. Daily commute is a killer.
The post mentioned Avenew Projects is known for quality and timely delivery. But this project, Avenew Misty Winds, shows 'Total projects: 0' on some sites. Is this their first project or am I missing something? How can they be known for quality if this is their first one?
U3, you're right to ask. Sometimes the 'Total projects: 0' on RERA or other portals means it's their first *registered* project under that specific entity name, or maybe their previous ones were smaller and not listed the same way. But Avenew Misty Winds is completed, possession was March 2020. So they did deliver.
But if you're an end-user, like the post says, for a peaceful life, it sounds good. Hoskote Lake is beautiful. I don't mind a longer commute if my home is serene. Quality build by Avenew Projects is a big plus.
Honestly, the original post hits it right. Hoskote is still quite far out for quick resale. I've been looking at properties in Akshayanagar and even that feels a bit disconnected sometimes. For Avenew Misty Winds, the price range ₹38 L – ₹81 L seems okay, but for that kind of money, I'd want better connectivity and a proven appreciation track record. Is anyone actually seeing good returns there?
Totally agree with U1. My agent also told me Hoskote is a long-term play. For first-time buyers like us, liquidity is key if plans change. I'm worried about getting stuck with a property that takes ages to sell, even if it's a quality build by Avenew Projects. The market is not that great right now for 'outskirts' properties.