Hello All, I generally suggest to all the people about their investment portfolio. Here I am going to suggest you NOT to invest in any property for next 2 years and the reason. Also will specify the way to come for right decision.
1. With S&P downgrading US rating from AAA to AA, this is a huge impact to Indian economy. This has happend after 1917 and hence the consequences will be very bad.
2. We are definitely going into double depression as I predicted earlier. The recession cycle will impact Indian market. Mainly IT/ITES, and export oriented projects.
3. Huge job cuts, salary cuts, growth downgrades on card. We need to wait till 2014.
4. During 2008-09 recession, India survived because of bufferred domestic consumption and hence real estate player did not compromise on price. You would have seen that there is no correction or a less correction happened compare to global real estate correction. This will change now. Although we might have a steady demand supply ratio but the real estate bubble is about to burst now. Imagine, all bought apartments, second investments and plots/houses come on the market for sell because of losing job, cutting salaries, and then the government setup rules for real estate player to check on pricing and bank push pressure on individuals and real estate players to give the money back asap.
5. If anybody is planning to buy a house/plot/flat, kindly stop it now itself. Its better to lose some meagre amount of booking rather than next 3 years of gloomy time. Big players like DLF, Unitech, Prestige, Brigade may not compromise on prices, but they will realize the burden when Government to Bank to them comes up for new law enforcement.
4. I have read articles that only small players will be obliterated from the real estate. its not true, checkout the debt balance with the big players they have. SEZs are good revenue generator for them but its in commercial space. Residential space will be a blow. These players will have no alternative but to get out of their rigidness and reduce the price.
5. Ex: Gurgaon correction, Navi Mumbai correction, Noida extn correction, Kochi correction, Pune correction, Bangalore correction. Players who will be impacted: Amrapali, DSK, DLF, Unitech, Hiranandani, Brigade, Prestige to name a few.
6. Specific to Bangalore: Top projects launched but where we should not buy: Brigade Projects in South Bangalore, Prestige Projects, North and Whitefield region, DLF, South, etc.
7. What is the best price to go for? I am expecting if you have to wait for correction. 2500 becomes 2000, 2800 becomes 2200 and so on.
8. What region to go for in Bangalore: I am recommending None except Kanakpura Road and Yelahanka side. Rest all will be losses.
9. Any other factors: Yes water is major reason. No water availability in Whitefield, Budigere, Hoskote.
10. Where to invest? Gold, GOLD ETF, Silver bars, Platinum, and Fixed Deposits.
Hi Jayesh,
I have been searching for the right property for own use and later may be rental purpose in case I move of Bangalore 5-6 years down the line.
I have explored almost all areas from Whitefield through Varthur till Sarjapur.
Will it be a good decision to buy property near sarjapur? Typically for the own house (not apartment) what is the price range you can suggest (plot + construction)?
Regards,
Swapneel.
Hi Jayesh,
I am looking for a 3BHK and identified couple of properties in sarjapur road (till kalmelaram rd). Shortlisted projects include Salarpuria Senorita, Mantri Premero, DSR wood winds, BBR and Saket. What is your opinion about buying an apartment in that area. I am aware of the water issue, which can only be resolved once kaveri water comes towards sarjapur.
Thanks,
Shailendra
Kaveri water is a very distant dream on Sarjapur Road. My friend who got connection sanctioned a couple of years back at some other location in the city, hasn’t yet got a single drop of water (connection not enabled yet). Don’t pin much hopes on Kaveri :(..the queue is too long and Kaveri itself is in very precarious condition.
Hi Jayesh,
What is your idea about MJR (sister concern of SJR) Pearl? It is in pre-launch stage and going to be launched by Feb, 2013. They are quoting Rs 3390/- – Rs 3490/- with Rs 25/- as floor raise price from 4th floor. The project is on the Hopefarm – Kadigudi road just behind Kadigudi bus stand.
Details you can see –
http://harshasagar.com/2012/07/23/mjr-pearl-location-price-review-public-opinion-more/
Thanks,
Laltu
Interesting thing is that since July-2012 the price is still Rs 3390/-. So no appreciation for those who booked in july. Looks like demand is very very less for this property and they are not able to sell.
Actually it is good for others who want to book it now 🙂
Hi Jayesh,
I am looking to buy a row house in KSR palatial adobe.. Price is approx 48 Lakhs …
Your suggestions please…
Hi Jayesh,
I am interested in buying a plot in and around Hoskote area. Can you please throw some light on the layouts in this area? such as Aditya Grand layout, Hi-Tech Nisarga Layouts, Ruby Residential Paradise.
Is there any water problems there?
Thanks & Regards
-Srinivas
Hi Jayesh,
Do you have any input on the Prestige Glenwood project?
Search the net, you will find lots of information.
Hi Jayesh,
What is your opinion on Prestige Misty Water from investment point of you? 3 to 4 years time…..
Regards
TS
Hi Jayesh,
Can you provide your inputs on Mana Jardin .The cost is now Rs. 3,900 per sq ft. Overall cost along with registration for a 3BHK is 75L.
Will it be a good buy??
Hello Everyone,
Can someone give their views on ‘ Mantri Premero’ project situated on Sarjapur Road. Overall cost along with registration for a 3BHK is 83L.
Hi Jeyesh,
I am planning to buy a 3 BHK in Nitesh Flushing Meadows, Whitefield. The quoated price is 4000.
Do you thing it is a good buy?
Hi,
Few things to consider
1. Flushing meadows and forest hill uses same club house, swimming pool and other amenities. Therefore, paying 2L for clubhouse when the builders dont have to invest a single penny is not fair
2. The swimming pool and clubhouse is at the front of forest hill that is really far from the flushing meadow blocks.
3. I am looking for buying two bhk there. You can nego to 3800 per sq ft. That wouldnt be tough. If you would further reduce
4. registration they are charging around 4.8 L, don’t know why so high.
5. If we combine together, we can nego further. Drop an email to and then we can discuss if you are interested.
Hi,
The club house charge which is mentioned in the pricel ist which was given to me was 30,000? If you want I can email you the price list.
Anil,
You need to do your research properly.There are some legal issues with this project.My friend with his 2 sisters are stuck with this project.I am really amazed at the complete ignorance of IT professionals.Pleople are doing more research to buy a LCD woth 20 grands than a house worth 80 lacs.
Hi,
Could you please share the legal issues as I am unable to find them.
Regards,
Anil
Hi Anil, Were you able to get more details on this? Did you go ahead with Flushing Meadows project?! Any help will be good to have as we are considering this project.
Hi,
No, I was not able collect any additional information in this. Further to this I dropped the idea of buying there as they do not offer me good floor options and well as price.
What is “20 grands”
20 Thousand
hi Jayesh,
i was looking at flats on hennur road and shortlisted mantri aura and orchid woods… while mantri has the brand name etc, i didn’t like the project as smuch and my preferance is towards orchid wodds by galaxy developers… can you please share your thoughts about the builder, their project, credai rating, asseement of their rquality and prices… it’s located right opposite to Salarpuria gold summit on the main road.
thanks
Go ahead. Both are good.
What is the price you are asking for? My opinion should not be more than 3100. Negotiate to that level or to any other amenities
At what price people have booked the orchid woods by galaxy developer. He is quoting 3500 .
Hi
Have recently moved to Bangalore and was contemplating buying a property for end-use and Investment.
I visited the site-location of purva mid-town, looks like a good location with good connectivity to the airport (presuming future development towards the airport), Whitefield and Indranagar being in close proximity.
The price they are quoting for this under-construction project is 4300 – 4600 + Regis+Keb etc.
Does it make sense to Investment, what could be the appreciation in the next 3-5 yrs.?
Looking forward for your valuable feedback
Thanks.
Hi abhijeet,
I m also interested in this project. May be we can ask for two bookings then we can get some. 50k 1L discount…Let me know if u wanna pursue, I can drop my email id
Please note that for this project PuL has already paid huge amount for land acquisition, advertisement and other investments. In order to make a margin and with cost of cement, stell high, the burden is coming on the middle class family and I would drop the current rate which is high.
Wait for some correction and then pitch in else with the brand it may not be a lose but the profit target may not be achievable
Hi Jayesh
We booked ( in prelunch booking) a 4BHK in Brigade Golden Triangle as an investment . The launch price is not disclosed yet , but got to know the range between 3000/- INR to 3300/-INR
What do you suggest about this investment? do you recommend to keep it or sell this off during launch? What might be the approximate appreciation in 3 years?
Pls advice
Hi Jayesh,
While I am browsing , I went through this post. It was too good and very informative. Thanks !!!
At present I am looking for a site in either whitefield, kadugodi, varthur areas. I am planning to construct my own home in another 2 years and settle down. If not now , 3-4 years down the line, we are expecting rents. Could you please suggest any good layouts in such areas which meet my requirements.
I have seen a layout in a road connecting from Kadugodi to Old madras road…which has LakeMonfront school, Zee school now. The layouts which i saw are near seegahalli village. Few of them I am mentioning down.
A layout from Samrudhi owners – pricing 1900 per sqft (BBMP B katha and No layout approval)
Ani Eco Zone – pricing 2700 per sqft (BBMP A katha and had layout approval)
Confident group – Near to Zee school and costing around 3200 per sqft.
Can you suggest me which one could I prefer and suggest me whether it is worthful to buy a plot in any one of these layouts?
If you have any info on other good layouts nearby, please provide me information. Will be waiting for your response.
Thanks ,
Pranavi.
First of all I must appreciate your study, your thought of owning a plot and constructing it.
Although Confident Group projects are on high side and mainly used for villas and later used for company lease (source data Confident Sarjapur area), I will still not go for it.
Now coming to any layout which is not approved, means straightway rejected.
Finally Eco Zone in one of the feedback I mentioned to buy it on right price but its high now. If you can negotiate well to 2200 nothing like it with some relaxation also.
Else search out for many more layouts, resales available on many sites.
Honestly I dont adverstise and recommend any sites. I would prefer to remain unequivocal
Thanks Jayesh for your valuable Inputs.
I would try to negotiate with Ani Eco Zone and will update you.
One of my friend has suggested a layout on Begur road, Near electronic city.
She bought a plot from same layout. She is staying there near to Begur road, Bommanahalli itself.
Intially I thought that the location is very far for us. Me & my husband works in whitefield. But later thought of having a look at it atleast for rental purpose. According to my friend, she sees rental income of 10K for 2bhk and 6K for 1bhk. So planned to construct home after 2-3 years and give it for rentals. Slowly we can move to electronic city.
Below are details
Layout name : Vishwapriya layout, begur road, near electronic city.
Layout is just half a kilometer from Bus stop and have Volov bus facility every half an hour to majestic. Quoting price as 2400-2800 oer sqft (depending on site location) …Prices are higher if they are close to road.
But I am little worried and want to know whether it is worthy to invvest in that location as I see improvement of city more towards whitefiled and Yelhanka than towards e-city. Could you please provide your inputs on that location and Price?? Will it be appreciated good enough in comming 3-4 years?
And also your inputs needed for Layout?
Thanks & Regards,
Pranavi
Should be fine. 3000 is good for this project if you get. I would suggest to hold on for this and make a selling price of 4100-4200 within 3 yrs (provided some unseen situations on the world economy do not pop up)
Hi Jayesh,
Request you to give your view on this property and price
Property : Renaissance Exotics
Flat : 2bhk
Super Bulit up area : 1372 sqft
Car park no. : 2
Price : 53 lac (Registration and sales tax separate)
Pls share your view on this. My office is at vittal mallya road
Regards
Mohit
Its an open information and cannot be concluded. Need per sqft rate, why 2 car parking etc.
Nevertheless, i dont trust renaissance and has many of the customers bad experience with different projects they have.
The problem is the heteregeneous construction quality and i dont know whats behind that.
Rest all your decision.
Hi Jayesh
How is mahadevpura area for buying a flat.
Ncc has launched a project Ivory height and some other new projects are also coming up. but the costs are high for most of them.
Hi, Jayesh,
I chosen one property on ORR vishupriya builders, the project name is Parimala Trinity, the project is 50% complete and they are quoting 3400 it is worth to buy now, and 2 BHK final cost coming around 47-50 Lacs
Iam planning to buy this one for investment+own leaving(may be sometime in future relocate)
it will give good returns in the future and iam planning to for 80% as home loan, please suggest is it worth to buy now ?
Thanks,
Murthy
Hi Jayesh
You have no idea how much Black money is invested in RE in India.
Even not single Appartment will sold out in any of the Big Builder for 10 Yr they can easily stand…
Remember RE is conversion of Black into White
White Money = RE*Black Money
Thanks for the point but as i said RE is not under control of CAG like institutions else you might not know the bricks of your apartment would have made from those black money owner.
Its a very disputed topic.
Hi Jayesh, Was nice reading your post and your advices, also was very informative….My question is how much depreciation in the RE happened till today from the day you have posted this article, I think prices have gone up by 20% atleast, I have decided not to purchase after experts like you suggested not to invest considering the upcoming slowdown/so-called-double-depression, but now I am repenting for not investing, all the projects, I was interested in were hiked up by nearly 20%, and they all gone out of my budjet…Atleast now I hope your perception turns reality!!!!
Hello Jayesh, same goes for me. But I’ve never blamed your suggestions, although the prices got revised in July for many ongoing projects, I was interested to invest in.
On the contrary, I have decided to wait and watch for another year or so… may be till 2014 as you suggested.
But sometimes I really wonder how come there had been absolutely no impact of last recession on Bangalore RE. Consequently, will ever the price depreciate in Blore…?
I can undertand your concern and pain. If you see the article tells about investment and not about your home purchase. My suggestions are always factual and my team always do the study before commenting.
The rise of 20% is off paper and not on paper. RE gives business to many players and they need to be alive in the market.
Honestly there are only few regions given only 5-7% hike and max 10%. So is the bank deposit.
20% could be correct for plots and if you get any such figure, the people who bought might be hidden and again the black to white money is the game changer. Nevertheless, I still stick to the point about the bottom out of RE and FYI the first 3 places to get a rock bottom correction is Pune, Gurgoan, Bangalore.
Hi Jayesh,
I am planning to buy Suncity Gloria on Sarjapur Road at 2950 per sq. ft.
http://www.corporateleisure.net/suncity_gloria.html
I have limited savings so I do not want to take chances. Do you suggest buying this property.
Regards,
Arpit
Hi Arpit,
Please do a search on google for Suncity gloria, and CLPD.
Another good option in the same area is DSR eden green by DSR Infrastructure, teir current rate is 3200
-Ajay
Did you buy this? Sorry for my late respond.
jayesh has not taken into account India’s population. If we all manage to survive, housing will be the biggest revenue returner.
Population does not define RE overall. Its a indirect parameter in the function and major are demand supply and the global trend.
FYI, city like Hyd has rate lesser than Indore and city like Bangalore with no proper infrastructure is high.
Take case of Pune, the relocation of home base is the driving factor plus Mumbai saturation.
But will it survive. Time will tell.
RBI cutting lending rate is good to reduce home loan rate but is not good to buy when we are in situation of EU crisis and other major turmoil.
Its your call. I can only warn.
It makes me laugh looking at the comments & advise requested. Sorry if i am rude but Jayesh has suggested not to invest “anywhere” in near future & people are asking his opinions on different projects !!!
Makes me wonder sometimes if recession has any impact on India considering our mindset to invest in real estate (I am also one such victim !!!)
Shailendra, thanks for pointing out and FYI I also informed them when they asked the opinion.
So basically the points are for investment and investment has watson curve. It may go up and it may go down. You should not buy when everybody is buying and you should not sell when everybody is selling.
The trend is which is the best investment opportunity and not go for RE. Hence the prices I give is the cut over price and anything above that will be a good gain and if its for own house nothing like it.
May be some day you will come back to this message to see the global outcome
Hello Jayesh, It was great reading all the above comments. I am a techie and plan to invest around 35L for a house where I intend to live in personally. Prefereably 3BHK. I selected DLF Maiden Heights and they are quoting 2475/sqft which comes around 39+ including reg fo a 1230sqft 3BHK. ALso, I have looked SNN Raj serenity.
Which one out of the two is better keeping in mind that i will work either in Electronic City or whitefield/ITPL.
If none of these are good, can you pls suggest any under construction apartment @ 35 Lacs?
Jayesh, waitng for ur response.
SNN Raj serenity do not have their 13th floor approved. Also there are a LOT of deviations from the Approved floor plan and what they are selling to the customers. Buy this property at your own risk.
Did you book? Sorry for the late respond and if yes which one.
Dear Jayesh,
I want to inest 30L in BSK 6th stage for 30*40 site in a good location. What is ur opinion?
Thanks
Hi Jayesh,
Your points really made me think.
I am planning to purchase a flat in DLF Maiden Heights, Rajapura. They are quoting 2475 as base price plus other charges. Is it worth investing in that area, with a prospect span of 6-8 years of resell? Its a 925 sq ft flat.
Most of the units of their phase-1 got sold out in 3 months.
http://www.dlfmaidenheights.com/
Thanks,
Amit
Which of these will be a good investment?
– Shobha Forrest View
– Prestige Sunny Side
I think Sunnyside is a better location, but the site is very small, no green spaces with Power Substation next to it, also Prestige are offering only time linked payement plan
Regarding Shobha Forrest View, its a great development but not a good location as it is far from all IT parks
Hi Jayesh,
Thanks for your inputs. Its really helping in making RE decisions. What do you think of sarjapur area for investment espcially Ferns Gardenia?Considering Fern builders enormous appreciation in previous layouts, How would be the appreciation in this one? Right now they are quoting 2000/sqft.
Thanks
Hi Amu,
Last time when I called, they said Ferns Gardenia phase-1 was sold out, they still did not finalis on phase2 launch date, do you have any further updates on phase2 ?
I believe they are going to launch in January.
Hi Jayesh/Harsha,
What is your feedback on this Omega project? Looks a decent bet on Metro corridor for 3500/- in pre-launch. I am sure Brigade is a dependable brand name and will complete the project in time. Do you think it may be a good option to invest and then to live here in future?
Your help here will be greatly appreciated.
Thanks…VS
Hi..can anyone tell me the latest price in Suncity Gloria and also about the leagality of the project ? Are all the papers clear and will be possession dates be met ? I heard no of wrong things about the builder corporate leisure and just want to be sure.
Thanks,
As per builder .. Block-1-wing-a, block1-wing-b… sold out…@ 2600-2800.— possession is 2nd of 2012 (6months buffer)
Right now bookings opened for Block2-wing-a. sales persons are quoting 2975 (negotiable). Possession is end of 2013 (6 months buffer)
price breakup excluding registration http://i39.tinypic.com/2d2d6f.jpg.
(Block-2-wing-b, block2-wing-c yet to launch)
concerns:
1) super market , medical store, cafeteria were in ground floor of club house. These were owned by builder. We are not sure how much land share allocated to these.
2) undivided share of land is 283 sqft only. (builder is keeping some land on his name. Later he can construct other commercial projects inside).
3) Railway line is not an issue. In Bangalore everywhere you can find railway lines. biggest concern is railway stations is 300mts from project. Usually trains horns just before reaching to station. see list of trains stops at this station http://indiarailinfo.com/arrivals/4630 . Apart from this some other trains goes through this line (no stop at this station). If you add Goods trains also, number will be more.
4) Delay. I am expecting 1 year delay for sure. Total project will be completed by 2015. By the time of this block possession, remaing wings were under construction
5) cost of land is not even 15% of basic price. Once cost of construction increases, vat, service tax increases.
6) carper area they are claiming 818(1054sqft flat). But actually 794 (including baloney) .
7) water. Since this is huge complex, at least half of borewells will dry by the end of the construction.
Good points:
1) connectivity– 300 mts from bus stop. Good access to electronic city/orr/whitefield
2) price is less compared to surrounding projects.
Regarding Railway line, currently I am living close to the same line, rail traffic is not much and could be ignored.
What is the good price fore suncity gloria?
Block-2— wing-A — possession – Dec 2013.
Right now sales persons are quoting 2975 (negotiable).
Jayesh, what is good price?
http://i39.tinypic.com/2d2d6f.jpg
here is break up price list.
Hi Harsha,
In Sarjapura road in front of Total mall if you go 4 kms there is Layout formed by ODION BUILDERS , villa plots with 30*50 , 40*60 and 40*70 size plots.
Asking Rs 2800/ Sqft -is it worth and is it a good project.
Would appreciate your help.
Thanks,
SAI
Hi Sai,
Can youprovide me more info on ODION BUILDERS. may be a website or contact details would help.
Regards,
kapil
i might be rainbow retreat layout…i m also intersted ..pls suggest that is it worth 2800……its 2km inside from main sarjapur road on rainbow residency road…pls need suggestion on this…thanks
Whether anyone looked at the layout? How good is the layout?
Guys,
My brother has sent me a video of the layout which has high voltage cable suspensions diagnally over the layout, below which they planned for Park (as u can’t do a construction), developer is projecting that big park as extra amenity.
Veru shocked to see that, as you can’t expect them to be layoout where the developer is promising undergroud electricity.
They are also try to push you too much saying they will sold off as its very close to road. Close to road true but we can’t live in such a risky layout.
Apart from that, high voltage suspension cables always reduces the value property. More closer the cables lesser the value will.
Please be mindful.
Hi,
Has anyone booked a flat in Sriram Suhana? Their pre-launch offer is 2900. I heard there is a railway crossing close by, any issues there? I am consdering this as a investment option. Please advice.
Thanks
Sushma
Hi Vishal,
Thanks for the info.
The price u got is cool! Did you go through any website which get the group discount?
Thanks
Sushma
Not through a website. The sales guy put me into a group deal.
Hi,
Thanks! Can you please mail me his number at .
regards
Sushma
Hi Sushma, so did you pick up an apartment at Shriram Suhaana? If yes, how much did you pay per sq ft. Plz reply ASAP as I’m almost at the verge of closing a deal.
Hi,
Looks like people are interested in Project Suhaana. I recently bought one at 3000 in month of march in Suhana. Railway line is close but then it is that close even for the most prestiguous of project: Shobha Althea is next to same line and more closer then suhana; Prestige shantiniketan in E Bangalore. So shall not be degrading factor for this investment as well. People who have invested in Suhana,so let me know if there is any buyer forum for the same
Pls join : http://groups.yahoo.com/group/Shriram_Suhaana_Owners
One more here: http://harshasagar.com/questions/sai-charan-phase-ii-kithaganur/
Hi Jayesh,
A new question for you at: http://harshasagar.com/questions/please-advice-vivarta-maagan-daya-mk-developers-bannerghatta-road/
Regards,
Harsha
Hi Jayesh,
Please help in deciding about a project near Kadugodi, by galaxy developers. Project name is Orchid Enclave and they are giving 2BHK around 3000 per sq ft. Will it be god investment if we get it around 2900 or 2850? how do u rate the project and builder?
Thanks,
Arpan
Hi Arpan, Other than Vaastu, it is a good project & i think you can negotiate still till 2750.