Parvathapura property prices are just speculative hype.

Been looking for 8 months now and it's getting exhausting. I'm based in Dubai and checking properties in Parvathapura, Magadi. Builders quoted some high prices, like ₹1.2 Cr for a 2BHK. Matlab, is this justified, ya sirf speculative hype hai? I can't do a site inspection myself, so need to rely on community feedback. What's the real ground reality for investment potential in 3-5 years? Kahi legal issues toh nahi hai is area mein? I'd need a property manager, so rental demand bhi kya hai? Any ground truth on this would be super helpful.