Sri Nanjundeshwara Residency: My ROI doubts
My landlord just hiked rent again, so I'm finally serious about buying in Bangalore. Looking hard at Sri Nanjundeshwara Residency, the upcoming project. Price seems decent, around ₹1.23 Cr for a 2 BHK. Everyone talks about pre-launch discounts, but I feel like the current price already bakes in all the appreciation. Is there even any capital appreciation left if I buy now? And what about the investor-to-end-user ratio here? Don't want to end up in a ghost society, honestly. The builder's track record for timely delivery seems a bit... average. How much under-construction risk am I really taking? Will they actually hand over on time, or will it be years of delays and forgotten promises? Change my mind, but I think many investors are just buying into hype without looking at the real numbers. Is this project genuinely a good investment for long-term ROI, or just another average bet? Disagree? Tell me why.
Comments
Dekho, I think you're being a bit too pessimistic. Builders usually keep a buffer in their possession dates. And about appreciation, Bangalore real estate is always growing, it's just a matter of time. If you hold it for 5-7 years, you'll definitely see good returns. The price of ₹1.23 Cr for a 2 BHK in a decent area is not bad at all, considering how other areas like Aavalahalli have shot up recently. Plus, upcoming projects often have the benefit of future infrastructure development around them.
My friend bought into a
Totally agree with U1 and U10. Appreciation is not guaranteed anymore.
But how are you calculating ROI in this market? With interest rates high and property prices already inflated, where is that 'definite' appreciation coming from? I'm a first-time buyer too and every calculation I do shows very thin margins for long-term ROI.
I also saw Sri Nanjundeshwara Residency online! The location seemed promising, and the price initially caught my eye. But like you, I'm super nervous about appreciation. For ₹1.23 Cr, are there any hidden charges or specific amenities that are a red flag? I'm trying to get a clear picture before I even think about a site visit.
Small projects like these are always a gamble. Less units means less bargaining power for residents, and sometimes builders don't even bother with proper amenities.
Hidden charges toh almost har project mein hote hain, maintenance, registration, GST, electricity connection, sab extra. For Sri Nanjundeshwara Residency, the RERA number is PRM/KA/RERA/1251/310/PR/220125/007410 and possession is Dec 2027. What worries me is the total units – only 16! That's a very small community, which might affect amenities and future resale. Compare this with larger projects in Akshayanagar, you might get more for your money in terms of infrastructure and community feel.
My landlord just hiked rent again, so I'm finally serious about buying in Bangalore. Looking hard at Sri Nanjundeshwara Residency, the upcoming project. Price seems decent, around ₹1.23 Cr for a 2 BHK. Everyone talks about pre-launch discounts, but I feel like the current price already bakes in all the appreciation. Is there even any capital appreciation left if I buy now? And what about the investor-to-end-user ratio here? Don't want to end up in a ghost society, honestly. The builder's track record for timely delivery seems a bit... average. How much under-construction risk am I really taking? Will they actually hand over on time, or will it be years of delays and forgotten promises? Change my mind, but I think many investors are just buying into hype without looking at the real numbers. Is this project genuinely a good investment for long-term ROI, or just another average bet? Disagree? Tell me why.
Totally agree with your ghost society fear, yaar. My cousin booked in a similar upcoming project near Adigara Kallahalli. They promised 2025 possession, but now it's delayed to 2027. It's half empty, only investors buying and no one actually moving in. That's a huge under-construction risk you're talking about.
Bhai, you're not wrong about the builder's track record. I've heard similar things about their previous projects. Always check the RERA status carefully before committing to an upcoming project, especially with average delivery history.