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Prosenjit Chatterjee
Saranya Sannidhi investors — what's your take on appreciation?
Two years ago I was really bullish on Saranya Sannidhi for investment. I bought a 2BHK there for ₹82L, trusting the builder's track record, but the capital appreciation has been so disappointing, honestly. Resale market mein koi traction nahi hai, offers are barely covering my costs. Is anyone else seeing this with their completed properties in Bangalore? Really struggling to understand the current market dynamics.
#capital-appreciation#resale-value#bangalore-real-estate#investor-outlook
Comments
My broker told me that the current market is flooded with resale properties in the 70L-1Cr range across Bangalore, making it a buyer's market for resales. This means sellers have to drop prices to find buyers. This could be why Saranya Sannidhi isn't seeing much traction. It's tough out there for sellers.
U17, it depends on your budget and how long you plan to hold. If you're buying for self-use and a long-term hold (7-10 years), then a good deal on a resale might be okay. But if you're expecting quick returns, the current Bangalore market for completed projects isn't ideal.
U16, that makes sense. So, if I'm looking to buy now, should I target these resale properties? Or is it still too risky given the slow appreciation? I'm so confused. I don't want to end up like the original poster.
I think the problem is that many first-time buyers like us get lured by the 'investment' aspect of a home, when for most, it's primarily a place to live. If you bought for self-use, the appreciation might not sting as much, but for pure investment, it's a gamble. The total units were 213, which is a decent size, maybe too much supply in that micro-market?
U12 and U14, I get it. But sometimes the market is just slow. Bangalore's real estate has seen its ups and downs. This might be a temporary lull for certain areas. Saranya Sannidhi is a completed project, so maybe new buyers prefer under-construction for better deals.
Exactly, U12! We are budget-conscious, so every rupee counts. The expectation of appreciation is natural when you're sinking your life savings into something. It's not just about living, it's about financial security.
U12, that's a very practical point. But still, who wants their biggest investment to lose value or just stagnate? It impacts future plans. I was hoping to upgrade in a few years, but with this, it looks tough. My friend in Agrahara Layout is facing the same issue with his 3-year-old flat.
This is so disheartening to read. I'm looking for my first home, and this makes me wonder if renting is a better option. All these stories of no appreciation are scary. Should I just wait for the market to 'correct' itself?
Bhai, I almost bought in Saranya Sannidhi too! My budget was around 90L for a 3BHK. The agent was pushing hard, saying it's a steal at that price range (75 L – 1.0 Cr). Thank god I waited. The current market in Bangalore is just not supporting high appreciation for many areas, especially older completed projects. Is anyone seeing good returns anywhere in Bangalore?
I agree with U9. And also, the quality of construction and amenities play a huge role. Saranya Sannidhi, I heard, had some maintenance issues initially. Does that affect resale value and appreciation too?
U8, I'm seeing decent appreciation in areas with new IT parks or major infrastructure like the metro extension, but those are usually new launches and quite expensive. For completed projects, unless it's a very prime, established locality, the growth has been slow. Maybe people are holding on to properties longer now?
Yaar, exactly my thoughts! I bought a 2BHK in Saranya Sannidhi too, around the same time for 85L. The builder was so convincing about the growth potential in that area, especially with the upcoming infrastructure. Now, when I check property portals, similar units are barely listed above my purchase price. What a nightmare for a first-time buyer like me. My EMIs feel like a constant drain with no returns.
U1, I feel you. This is why I'm so nervous about buying. Every builder promises the moon. What was the RERA number for Saranya Sannidhi? I want to check its details. PRM/KA/RERA/1251/446/PR/220214/004701, right? I need to be extra careful.
Same pinch, U1! I was looking at Saranya Sannidhi back then, but my agent pushed me towards a project in Akshayanagar saying it had better appreciation. Now I am wondering if I made the right choice. Is this a general Bangalore market issue or specific to Saranya Sannidhi?