S
Shalini Bansal
Prestige Park Drive Ph 2: Devanahalli investment potential?
Yaar, yeh video dekha Prestige Park Drive Ph 2 ke baare mein. Devanahalli mein location toh kaafi promising lag rahi hai, especially with the airport and all the growth happening there. Prestige ka project hai, so quality achhi hogi for sure. I'm thinking about long-term appreciation and rental yield. Current pricing ka kya scene hai? Do you guys think it's a good investment for future returns, ya over-priced hai abhi? Kya ROI expect kar sakte hain?
Comments
I heard some people are selling their plots in Park Drive Phase 1 for slightly less than current market rates because they need liquidity. Maybe check the resale market properly through local agents before buying directly from Prestige. You might get a better deal for a plot that's already seen some appreciation and now the owner just wants out. Plus, you can see the actual development around it.
Yaar, I'm a first-time buyer too, and this whole Devanahalli market feels like a black hole. Everyone says 'future hai' but then you hear about slow appreciation and water issues. Is there any other area near the airport that might be better for investment with a similar budget? Or should I just forget about Devanahalli for now?
U11, it's not a black hole, but it's not a golden goose anymore either. The initial growth spurt has happened. Now it's more steady. If you're budget-conscious and nervous like me, maybe consider areas that are just *starting* to develop, but have strong government infrastructure plans. Or, if you really want Devanahalli, negotiate hard on the price. Don't pay the quoted amount blind. The market is not that hot right now for sellers.
U11, I understand your dilemma. Devanahalli is a mixed bag. For your budget, maybe look slightly further out from the immediate airport zone, or towards areas with established social infrastructure. Sometimes, projects slightly off the main highway, like towards Agrahara Layout, offer better value for money, though connectivity might be a bit less. But do your due diligence, don't rush. This is a big decision.
Prestige Park Drive Phase 2 is already completed. Possession was given in May 2022. So you're not getting pre-launch benefits. The price range of ₹86 L – ₹1.7 Cr is for plots, right? For 253 units, it's a decent size project. But after completion, the price jumps significantly. So, if you're looking for investment, you'll need to hold for a very, very long time to see substantial returns. Short-term appreciation is unlikely.
I'm also looking at Devanahalli. But I'm worried about the 'next big thing' hype dying down. The prices have gone up a lot already. Is it still undervalued or has it peaked? What about the water situation there? Kahi baad mein borewell pe hi depend na karna pade.
Water issue is real, U7. My cousin lives in Akshayanagar, and they face water problems in summer. For Prestige Park Drive, it's better to check with existing residents. As for peaking, the market is currently a bit volatile. Interest rates are high, and that's affecting buying power. So, the rapid appreciation seen a few years ago might not be replicated quickly.
U7, you've hit on a critical point. Water is a real concern in many parts of North Bangalore, including some areas near Devanahalli like Adigara Kallahalli. Prestige projects usually have good infrastructure, but always check the water source and supply agreement. Don't just trust the builder's word. Verify with residents in Phase 1 if possible. Also, peak ki baat hai toh, some say yes, some say no. It's a gamble now.
Yaar, yeh video dekha Prestige Park Drive Ph 2 ke baare mein. Devanahalli mein location toh kaafi promising lag rahi hai, especially with the airport and all the growth happening there. Prestige ka project hai, so quality achhi hogi for sure. I'm thinking about long-term appreciation and rental yield. Current pricing ka kya scene hai? Do you guys think it's a good investment for future returns, ya over-priced hai abhi? Kya ROI expect kar sakte hain?
ROI expect karna Mushkil hai yaar. Especially for plots. Already completed hai, so the initial boom is gone. You're buying at current market rates. Rental yield plots pe toh zero hi hai unless you build a house. And if you build, that's another huge investment. So, it's more about capital appreciation, which is slowing down in some parts of Devanahalli.
Bhai, Prestige ka naam hi kaafi hai! Devanahalli mein toh sab kuch bohot fast grow kar raha hai. Airport road pe connectivity bhi achhi hai. I think long-term mein toh pakka returns milenge. Quality ke liye toh Prestige pe trust kar sakte ho.