K
Kavya Sethi
posted on 14 MayORR infra premium is just a builder trick
Visited a couple of projects near Marathahalli ORR last weekend. Honestly, prices bohot upar chale gaye hain! I'm currently in a 2BHK and thinking of upgrading to a 3BHK. With all the new metro and road infra, builders are quoting crazy numbers. Is this price jump *really* justified by the Outer Ring Road infra development? Which specific pockets on ORR do you guys think benefited most from these projects? Should I pay the premium now or wait? Already have a home loan, so EMI will be high.
#outer-ring-road#infrastructure-impact#bengaluru-real-estate#property-prices#3bhk-upgrade
Comments
This 'infra premium' is definitely a builder trick, especially when you see fly-by-night operators trying to cash in. Be very careful, folks. I heard about some people almost getting duped by a builder called Sri Vinayaka Builders. Turns out, they have zero projects completed or even started under their name, according to RERA. They just pop up, collect booking amounts, and disappear. Always check RERA and builder's track record thoroughly!
Yes, there's the RERA Karnataka portal. You can search for projects by builder name, project name, or even area. Always check if the project is registered and look at the builder
Wow, Sri Vinayaka Builders ka toh naam bhi nahi suna. Thanks for the heads-up! How do you even check RERA details properly? Is there a central portal or something for Karnataka?
Yaar, I'm in the same boat, looking for an upgrade. I saw a project near Aavalahalli and they were hyping up the upcoming peripheral ring road and metro phase 3. The prices were so high, it felt like they were selling future potential, not current value. Should we really pay this infra premium now, or will prices cool down in a year or two? My current EMI is already a stretch, a new one would be even worse.
Totally agree with you. Builders are all the same, just want to make a quick buck.
Waiting is always a gamble, but sometimes it pays off. I had a terrible experience with a project near Akshayanagar a few years ago. The builder promised the moon, but construction quality was poor, and amenities were never delivered. Ended up selling at a loss. So, my advice is, don't rush, especially if you're feeling pressured by 'future potential' promises, it's a huge red flag.
I'd say wait if you can. My friend bought a flat near Adigara Kallahalli thinking prices would only go up, but the project got delayed by 2 years and now the market has softened a bit. He regrets not waiting, the EMI burden was huge.
Totally agree with the OP! Marathahalli ORR ke paas prices are just insane. I checked out a 3BHK last month and they quoted 1.5 Cr for a basic unit. Metro convenience hai but itna premium? Doesn't feel right at all for a first-time buyer like me.
Absolutely! Which project did you check out near Marathahalli? I'm trying to compare options and it's getting tougher by the day to find something reasonable. Everything feels overpriced.
Haan bhai, same experience. It's like they're just throwing numbers around, hoping someone will bite. Budget pura hil gaya hai.