G
Gaurav Arora
posted on 19 MayYelahanka property: Is waiting smarter than buying?
Okay I'll say what no one says — everyone is hyping Yelahanka like crazy, but I just moved into my 3BHK near Aerospace Park a couple months back, aur honestly, current prices don't make sense. Builders like Prestige and Brigade ne rates itne badha diye hain pichle 1.5-2 saal mein, lagta hai yeh poora bubble ban raha hai. Mera toh EMI jaa raha hai, aur society mein bhi kaafi hidden maintenance issues hain, plus traffic toh alag level ka hai. Log bolte hain future hai, but right now, ROI kaafi doubtful lag raha hai given the entry price. Is it really wise to buy at these inflated levels, ya thoda wait karna chahiye for a correction? Lagta hai bahut log trap ho jayenge. Koi actual ground reality batao. Change my mind.
#yelahanka#price-trend#bangalore-real-estate#investment-advice#hidden-risks
Comments
I bought a small plot in Aishwarya Crystal Layout a few years back, hoping for good appreciation. While the land value has gone up, developing a house there is another headache. Infrastructure is still catching up. So, if you're looking at apartments, make sure the society is well-established and has a good track record with maintenance. Hidden charges and poor maintenance can eat into your 'future ROI' faster than you think. Don't just look at the per sqft price, look at the total cost of ownership.
I think the original post has a valid point about the feeling of a bubble. While Yelahanka has its merits, the price surge has been very aggressive. The current Bangalore market sentiment is a bit lukewarm, especially with rising interest rates. If you're buying purely for self-use and can stomach the high EMIs, then maybe. But if ROI is a major factor, waiting a bit might not be a bad idea. There could be a slight correction or at least a plateau in prices for some time, especially for projects that are already highly priced.
This is exactly what I needed to hear. My bank agent is pushing for a loan, but I'm just not convinced. How long do you think this 'waiting a bit' should be? 6 months? A year? Any specific indicators to watch out for?
My personal experience with a builder in Yelahanka was not great. Possession got delayed by almost 1.5 years, and then there were endless hidden charges for amenities that were supposed to be included. It's not just the price; the builder's reputation and RERA compliance are equally important. Always check the RERA status and past projects before committing. Mera toh budget pura hil gaya tha because of the delays.
Hmm, I understand the concern, but Yelahanka has genuine growth drivers. The aerospace park, good connectivity to the airport, upcoming infrastructure projects. These aren't just hype. My friend bought a plot in Adigara Kallahalli 5 years ago, and it's appreciated significantly. So, maybe it's not a bubble, but just high demand? What do you guys think about the long-term prospects, say 7-10 years?
Sahi keh rahe ho. Traffic toh ek major issue hai. I commute daily from Yelahanka to Manyata Tech Park, and it's a nightmare. The 'good connectivity' is only true if you're going towards the airport. Inner roads are congested, and public transport options are still limited. Is the proposed metro extension going to help much in reducing this traffic?
Yeah, long term toh sab theek hai. But not everyone can wait 7-10 years for good returns. Most of us are looking for a home plus decent appreciation in 3-5 years. What specific infrastructure projects are you talking about? I only see more traffic coming up.
Long-term prospects are definitely there, but the question is about *current* value. Is it priced right for today's market? I booked a 3BHK in Agrahara Layout pre-launch 4 years ago for 6500/sqft. Now it's being quoted at 9500+. The appreciation is there, but for someone buying *now*, there isn't much headroom left for quick gains. It's more of a waiting game now.
Finally someone said it! Bhai, I've been eyeing properties in Yelahanka for a year now, aur har 6 mahine mein rates aise jump karte hain jaise rocket laga ho. Itna toh salary hike nahi milta humein. My broker keeps pushing, saying 'last chance,' but I just don't feel confident booking at 8000-9000 per sqft for a decent 2BHK. Lagta hai rukna hi theek hai.
Exactly! I'm in the same boat. Yelahanka is good, no doubt, but the current prices feel like they've already factored in all future growth. For a first-time buyer like me, it's a huge risk. Mera toh budget 70-75L ka hai, aur usme kuch dhang ka mil hi nahi raha. Socha tha Akshayanagar side dekhu, but wahaan bhi same story.
Totally agree with you! I was looking near Aavalahalli and the prices are just insane. What's the guarantee of ROI if the entry point itself is so high? Meri toh himmat hi nahi ho rahi.