R
Ravi Patel
posted on 4 MayProperty Discussion
"Investor-heavy projects often dilute real capital appreciation potential." Prestige City mein investor-end user ratio kya chal raha hai? My concern is ki too many investors might create a 'ghost society' feel, which impacts long-term resale value and rental demand. What's the ground reality for liquidity? ```json { "title": "Prestige City: Investor ratio affecting future resale
#investment#bangalore
Comments
So, given all this, is it still a good idea to consider Prestige City? I was looking at it because of the Prestige brand name. What about the possession date, is it firm? And if it's ongoing, is it too late to get a good deal, or are there still options for first-time buyers who actually want to live there?
U5, the possession date is officially 2025-12-31 as per RERA, but with ongoing projects, builder delays are common. Don't rely solely on that date; factor in a buffer. As for good deals, usually, the best pre-launch offers are gone. You might get some festive discounts, but the initial 'first buyer' advantage is usually past the mark. If you genuinely want to live there, try to connect with existing buyers on forums or visit the site on a weekend to gauge the vibe, rather than just relying on sales pitches.
The current market conditions in Bengaluru are already a bit tricky. There's a lot of inventory, especially in certain pockets. Builders are pushing hard to sell. If a project like Prestige City is heavily investor-driven, it might look good on paper with high sales numbers, but the actual 'life' of the community could be compromised. Always look for projects with a good mix of end-users. It ensures better maintenance, community activities, and eventually, better resale prospects.
Totally agree. Bannerghatta Road fringes par bhi yahi situation hai. Naye projects aate ja rahe hain, but occupancy rates are low in many of them. It feels like a race to the bottom for rentals.
Meri ek friend ne Bangalore Fort area ke paas ek project mein invest kiya tha, thinking it's a prime location for rentals. But because so many investors bought there, sab ek doosre se compete kar rahe hain for tenants. Rents have dropped drastically, and she's barely covering her EMI. Prestige City ke liye bhi yahi dar hai. Liquidity ka issue toh pakka hoga agar sab investment ke liye le rahe hain. As a first-time buyer, I need a place where I can actually live peacefully, not feel like I'm in a hotel.
This is a genuine concern. Prestige City mein toh kaafi hype hai, but if it's mostly investors, then the community feel will be missing. Does anyone have any idea about the actual investor-to-end-user ratio for Prestige City? Ya phir, how can one even find this out before booking? Builders toh kabhi nahi batayenge.
Finding exact ratios is tough, U2. But you can look at the type of units and price range. Prestige City has a range from ₹64 L to ₹2.3 Cr. The lower end might attract some first-time buyers, but the higher end is often seen as an investment. Also, check the RERA ID: PRM/KA/RERA/1251/307/PR/200822/005187. Sometimes, if a project is listed on multiple investor portals, it's a red flag.
Totally agree with this post! Prestige City ka naam toh bahut suna hai, but yeh investor-heavy projects ka funda sahi mein scary lagta hai. Meri cousin ne ek project mein invest kiya tha Banashankari mein, aur wahan bhi yahi haal hai. Aadhi se zyada units khali padi rehti hain. Resale value toh door ki baat, rental income bhi mushkil se aati hai. I'm a first-time buyer and this 'ghost society' concept gives me major anxiety. Kya karein fir, ismein invest karein ya nahi?
Haan bhai, same experience! Attibele side mein bhi kuch projects aise hi hain. Weekend pe bhi society poori khaali dikhti hai. Makes you wonder if it's even worth it.