Budget finalised, loan pre-approved — Urban Park View is my current focus. I work in real estate, but buying for myself feels different. At ₹3.45 Cr, what's the actual resale liquidity for investors? And the capital appreciation since launch? Need honest opinions, not marketing fluff.
Urban Park View is developed by Urban Shelters, a reputed real estate developer known for quality construction. The project in Jayanagar 3 East Block, Bengaluru offers 3 BHK from ₹3.45 Cr and is RERA registered under number Rera Not Applicable.
Periodic offers on 3 BHK from ₹3.45 Cr at Urban Park View by Urban Shelters are available through verified brokers on Propmyna. With prices at ₹3.5 Cr – ₹3.5 Cr and appreciation of 19.71%, early bookings offer the best value.
Urban Park View by Urban Shelters is RERA registered (number: Rera Not Applicable), ensuring it meets all regulatory requirements. RERA registration protects buyers' interests by mandating timely delivery and penalising delays.
The expected possession date for Urban Park View by Urban Shelters is as per the RERA-committed timeline. The project is currently Under Construction. Please contact the developer or check the RERA portal for the latest delivery schedule.
Yes. Urban Park View has already appreciated 19.71% and is currently priced at market-competitive. With 5 units across 1 towers on a large land parcel in Jayanagar 3 East Block, it is RERA registered (Rera Not Applicable) — making it a secure, well-valued investment.
Comments
Dekho, as someone who also considered high-end properties, my advice would be to look at the location very carefully. If it's in a truly prime area like Agrahara Layout with outstanding connectivity and social infrastructure, then maybe the small number of units could be a plus for exclusivity. But the 'RERA Not Applicable' is a massive concern. Even if the builder claims it's a single building or something that falls outside RERA, it still means less protection for you. For 3.45 Cr, you deserve full transparency and security. Capital appreciation is secondary to capital protection here.
Possession date 2023-08-01 dikha raha hai. Toh kya possession mil gaya ya delay ho gaya? OP ko clarify karna chahiye.
OP, you mentioned 3.45 Cr, but the project data says price range is 3.5 Cr. Is it a special deal you're getting, or is there a catch? For such a premium price point and only 5 units, what exactly are the amenities? Is it a penthouse, a villa, or a super luxury apartment? Near which area is it? Because liquidity and appreciation for such a small, expensive project are highly dependent on ultra-premium location and unique offerings. Without RERA, it's a black box.
Resale for 3.5 Cr with only 5 units? Bahut mushkil hai. Niche market hai.
Good point about the price difference. Maybe it's an all-inclusive price for OP. But I'm also wondering, does this 3.45 Cr include all charges – registration, stamp duty, interior fit-outs? Sometimes these hidden costs can add another 10-15%. If it's a basic shell, then the actual cost goes much higher, making resale even tougher.
Yaar, I had a similar experience with an 'ongoing' project near Aavalahalli. They promised possession by 2022, but abhi tak construction chal hi raha hai. Builders often give vague timelines without RERA. For 3.45 Cr, you need absolute clarity. Capital appreciation for an ongoing project without RERA is a huge gamble. What if the builder runs into issues? Who will you even complain to? Think long term, not just current market hype.
True that, delays are a nightmare. Bengaluru market mein already thoda correction chal raha hai, especially for high-end properties jo completion mein time le rahe hain. Investors are looking for ready-to-move-in or RERA registered projects with clear timelines. An ongoing project with 'RERA Not Applicable' and only 5 units at this price point sounds like a very risky bet for liquidity. Capital appreciation will be tough if it's not a prime, proven location with a solid builder.
Sahi kaha aapne. Builder ka track record bhi dekhna padega. Kaun hai developer?
Totally agree with what's been said. RERA Not Applicable is a big no-no. How can a project be ongoing with no RERA? And only 5 units? Sounds like a very niche, possibly custom-built thing, not something for capital appreciation or easy liquidity. Be very careful, OP.
Urban Park View? Naam toh catchy hai, but 3.45 Cr for a first-time buyer? Bahut zyada lag raha hai, bhai. Aur RERA Not Applicable? That's a huge red flag for me, especially with just 5 units. Resale value ka toh pata nahi, but safety first.