Saravana Esplanade: My Thoughts on Resale Potential and Liquidity
Fellow investors, I've been looking into Saravana Esplanade in Bengaluru, a completed project by Saravana Buildwell. With their establishment in 1988 and over 20 lakh square feet developed, their reputation for quality construction, led by Mr. K Nagaraj, is a significant factor in the resale market. Currently, units are priced between ₹1.21 Cr and ₹2.02 Cr, with an average of ₹11270/sqft. While I don't have exact launch prices, Bengaluru's real estate market has generally seen consistent appreciation, suggesting good capital gains for well-located, quality projects over time. Saravana Esplanade's completed status is a major advantage for secondary market liquidity. Buyers can take immediate possession, reducing perceived risk compared to under-construction properties, which typically enhances marketability. The 1-acre project area indicates a focused development. For investors, the combination of an established builder, immediate possession, and the current market rate positions Saravana Esplanade as a property with solid potential for capital appreciation. The ROI would depend on rental yields in its micro-market and continued city growth. Overall, it appears to be a decent bet for those seeking a completed asset with good resale characteristics.
Comments
Okay, so let's try to sum this up from a first-time buyer's perspective. Pros: completed project, immediate possession, no construction risk. Cons: confusing RERA data ('Total Projects: 0'), high price for an older project, questions about long-term builder support or society management. The original post was very positive about resale potential, but with these doubts, is it really a 'decent bet'? I'm leaning towards being cautious. Maybe we should look for projects with clearer RERA records and more recent reviews. What do others think?
Look, I get the skepticism about the RERA data. It's confusing. But the original post did mention 'Saravana Esplanade' as a 'completed project.' The fact that it's already built means no construction delays, which is a huge relief in this market. My friends who bought in under-construction projects are regretting it so much right now. They're stuck with EMIs and no home in sight. So, a completed project, even if older, has its own advantages for liquidity. Just need to verify the actual condition and society status.
Exactly! Completed project is good, but what about the maintenance, amenities, and overall living experience? A friend bought a 'completed' flat near Adigara Kallahalli and the builder vanished, leaving society management in chaos. It's not just about construction, it's about the post-possession support too. Has anyone visited Saravana Esplanade recently?
U9, you're right about the completed project advantage. No construction risk is a big deal. But for a first-time buyer, the price range of ₹1.2 Cr to ₹2.0 Cr is a lot. If the builder's RERA presence is weak, how do we know if the society is well-managed or if there are any pending issues with the builder that might affect future resale? These things matter for long-term value.
I've heard about Saravana Buildwell, but mostly from pre-RERA days. My uncle had a flat from them in Aavalahalli almost 15 years ago, and he never faced any major issues. Construction quality was decent then. But the market has changed so much now. The 'Total Projects: 0' on RERA is definitely a concern. It makes me wonder if they're just selling off old inventory or if there's something else going on. For a first-time buyer like me, this uncertainty is a nightmare.
The original post mentions Saravana Esplanade is a completed project with possession date 2016-11-01. That's almost 8 years ago! If it's already complete, why is it still being discussed for 'resale potential' as if it's a new opportunity? And the RERA number provided is PRM/KA/RERA/1251/446/AG/180205/001849. This RERA registration is from 2018. How can a project from 2016 be registered in 2018? This timeline is confusing. Can someone clarify?
Haan, the RERA date after possession is normal for older projects. But the real question is, if it's been completed since 2016, why are units still being sold at launch-like prices? The average of ₹11270/sqft in 2024 for a 2016 project in Bengaluru seems a bit steep unless it's in a prime, prime location. Is it really a good deal for resale?
U5, you hit the nail on the head! The RERA registration date being after the possession date is super common for older projects. Builders registered them retrospectively after RERA came into effect. It doesn't necessarily mean anything bad, but it does make cross-referencing details a bit tricky. My concern is more about the 'Total Projects: 0' part. How can we trust a builder with no verifiable track record on RERA?
Hey everyone, I've been eyeing Saravana Esplanade too after reading this post. The idea of immediate possession is really appealing, especially with all the horror stories about delayed projects. Saravana Buildwell ka naam bhi puraana hai, right? Does anyone have personal experience with their construction quality? I'm a first-time buyer and super nervous about making the right choice, especially with such a big investment. The price point is a bit high for me, but the resale potential sounds good.
U1, I feel you on the nervousness! Immediate possession is a big plus, but that price tag is a heavy one. I was looking at something similar in Akshayanagar and the prices were a bit more manageable. Quality is key, but if their RERA record is empty, it's hard to verify that 'established builder' claim. What if resale value gets hit because of this later?
Bhai, I also thought the same about Saravana Buildwell being old, but then I checked their RERA data. It says 'Total Projects: 0'. How can a builder established in 1988 have zero projects listed? Is this some loophole or what? This makes me super skeptical, especially for a project priced at 1.2 Cr onwards. My budget is tight and I can't afford any risks.