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 ā Iām a first time home buyer and looking in the budget of 30-35 lakhs. I don’t know much about price trends in Bangalore. Looking to buy a flat in Electronic City area. I have finalized two properties – SJR Primecorp’s Fiesta Homes and Shanders Dwellington.Please let me know which one should I opt for and also guide me merits and demerits in these two projects.
1 ā Fiesta Homes by SJR PrimeCorp (offering at Rs 2450/ sqft – prelaunch price and cannot be negotiable)
2 ā Shanders Dwellington (Rs 2500/sqft – prelaunch price but negotiable)
Thanks in advance.
Muni
2200 Elec city for these projects. Prelaunch by REs do two things:
1. Free advertisement for fast booking to get out of any debt or come to breakeven
2. keeping hold of prime flats and showcasing to future customer about the appreciation and selling at higher price.
Global and general trend.
Now its your call. I will say 2400 is very high except u wait to come down to 2000-2200.
B R,
Jayesh
Hi Pawan,
Between Ozone evergreens and SJR avalon, the project completion difference between the builder quoted timelines itself is 3 years, so there can’t be a 1:1 comparison price wise. It depends when you want the possession and its always good to have possession at the earliest when you are paying today’s market price for it.
True
B R,
Jayesh
Jayesh,
What’s your assesment on Nitesh Cape Cod? Pre launch rate is Rs3950. Is it worth to wait for 3 years for occupancy on this rate?
No, they will reduce for sure. NE is in real debt now. 3yrs long period
B R,
Jayesh
Hi Jayesh,
I am looking for a 2BHK flat in Bangalore and came across this article while looking for information on the internet. The article was really helpful for me as I am new to Bangalore.
I am looking for a 2BHK for self and not for investment. I recently saw an adv. for Nitesh Caesar Palace on Kanakpura Road. They are quoting Rs 3300/ psft. Can you please suggest if this price is good ? Any feed back on this project ?
I also checked SNN Raj Serenity but didn’t find the location too convenient considering I am not looking for investment but for self.
Any other project you would like to suggest ?
Any inputs on this would be really helpful.
Raj Serenity is NO. They are fooling clients like anything so beaware.
Regarding Nitesh 3300 is fine but I will suggest to negotiate more. Else checkout for Brigade Meadows. Few projects are there in KP road fyi.
B R,
Jayesh
May I know why Raj Serenity is bad? You said that they are making clients as fools. This is what aspect? About price or amenities or location or approvals?
I had booked a flat in that project and your feeback will help a lot in clarifying issues with builder or other persons who booked?
Thanks a lot
I have seen another project in Yehlanka, Ramky 1 North. They are quoting 2770 per sft for a 873 sft (saleable area) 2 BHK. Carpet area is 687 sft. This is around 8 kms from Hebbal flyover. The model flat looks appealing. Completion in June 2014. Is it worth investment given the fact I live in a rented house for 6000 INR per month & am buying this for own occupation?
If you have spent some life in Mumbai, Yes this 2bhk is worth else its too small area to acquire.
Ramky North is a good project. I wish you would have booked few months back. Would have got in 2500.
See your salary jump, committment and future risks and save them first. If I would have been ur place, I would prefer to pay 6k rent and would look to save my future rather paying emis and then if somewhere some bonus,some profits somethings happen, I would have booked a house for stay
Dear Jayesh,
I am interested in Zonasha retreat plots near skylark arcadia in sadarmangla village. The builder is quoting 2700 Rs for bda villa plot. I feel this is way expensive for this area as it looks more like a village now.
Is this a good investment? What would be the correct price for such a plot.
Thanks,
Jai.
You said the answer and you know the facts.
I seconds this.
B R,
Jayesh
Jayesh,
My office is near Jaydeva and i a planning to invest in a home near my office. Currently i have gone through Brigade Meadows near AOL , SNN Raj Serenity and Aratt Felicita both on Begur road, now the distance from AOL to my office naer Jal Bhavan as per google maps is 12 KM compared to 10 KM for other two?
Which would be the better options aong 3 of them, all 3 are within my total budget of sub 30-35L
1. Brigade Meadows, 2 Aratt and Raj Serenity is out of scope.
B R,
Jayesh
Jayesh,
Thanks for the inputs, i am considering brigade now one small question currently they are quoting Rs 2690 /sq ft and had a couple of disscussions with them and they are not ready to reduce price but i saw in one of Harsha Sagar Reviews it was launched at Rs 2390 somewhere in July.
So are the prices overflated or appropriate for the area and how do you see this stretch of kanakpura road develop in next couple of years? Is Brigade a good builder(in one of your notes somewhere you said Nitesh is on debts) with reputation to complete projects on time, they say it will Q32013 for handover of Meadows?
Becuase any delay beyond beginning 2013 will ake me pay EMI for loan as well as rent.
Please advice
Kindly drop if they are not reducing.
Already Booked they didnot budge on prices, my budget was limited… so lets see what instore.
Thanx to you for giving some directions to most of us new to RE
jayesh,
I’m looking for house as investment in 35 lac to 45 lac bracket. Can you suggest some projects. I just missed Prestige Park view, as all 2 bhs’s are gone.
Thyagi
Sorry Thyagi,
I dont recommend putting 35-45lakhs in investement and that too in RE.
IF for your own stay, there are many projects available in Bangalore.
Kindly provide your preference of area, purpose and occupation time
B R,
Jayesh
Hi Jayesh.
Read your thoughts. I think very useful for average home buyer. Can you please share your opinion on Mantri Glades. They are quoting at 4390. What is good rate to buy a house there ?
Thanks,
Sumit
Good project, but slightly higher. If you dont expose urself to more than 25% of ur investment portfolio to RE and you have less than or equal to 40% emi for glades, go ahead
Else wait for fall of 10-15% correction.
Even then articles showcasing that burden on banks, REs are increasing and hence on loan borrowers. Check the SBI rating went down. Its a huge impact. Though govt will infuse around 500 Cr but from where.
B R,
Jayesh
I am primarily looking for self occupancy purpose ( rather than pure investment ). However my exposure would be much greater than 25% of my portfolio if I decide to buy.
The main dilemma I am facing is whether prices will correct (10-15%) as builders are still very skeptical about reducing anything from their quoted price.
However when I look at Macro situation in country what you point out is very correct. In what time frame do you see this kind of correction happening ?
Thanks a lot for your valuable inputs.
–Sumit
Trust the market and your intution. You will get what you want and looking for.
Thanks Jayesh for raising some relevant concerns and a good discussion. Curious to know your opinion about recently launched Mantri Alpyne to come in Uttarahalli, to be completed by June 2014. The builder seems to quote about 3000-3100 at present.
Thanks,
Sunil
2600-2800 its affordable from Mantri so think is it really affordable?
Hi Jayesh,
It is pretty impressive & imperative for us who lacks in RE Environment.
I’m interestered in buying a 2bhk flat in whitefield & localities.
But from Nitesh Forest hills, i got a quote of 3800 per sqft. Is it real worth? or we can negotiate, Bec. in 30th April, i hv seen in ads of 3000 per sft. but in three months the raise of 800 per sft. Please advise me. Thanks Sasikumar
Nitesh Forest Hills was quoting once 2400 also. 3000 was correct not this.
Think before you buy. You might not have the choice for best location flat also. As we will get left overs maybe
B R,
Jayesh
Hi,
Is it worth buying a 10/12 yr old flat with limited ammenities @3750 /Sqft in HSR area? I am looking at self staying purpose also as a investment option. Will i get any benefit if i dicide to resell it 5/6 yrd ahead?
Hi Jayesh,
Can you please give your valuable opnion on this property?
Hello Siva,
First of all apology for late reply. Secondly very good and unique question on buying a second hand house.
Buying a second hand house or third hand house is not same as buying a resell car.
I suggest to buy resell houses only when its selling at 10-20% below market or street price. So if you are planning to buy that tell them boss this is what the market price and i can give this.
BTW, do u know that Lodhi developers and some Blr developers buy some 40yrs old houses at double price and construct houses which go in 4 times of what they bought.
but its ur flat and not plot.
B R,
Jayesh
Hi Jayesh,
thanks for your inputs.
I missed this flat to a buyer who was willing to pay more downpayment.
Want to know your input on project keertho royal palm in Hosur road. they are quoting at a price of 3150/sqft. I feel it can be negotiated further. Location seem to be good.It is worth going for this property ? If yes at what price? Do you think prices will come down in future.
you need to negotiate very well for this builder. Unfortunately our team has downgraded the rating of this project rest is your call.
Prices will surely come down
Hi Jayesh,
Can you please let me know why you are not suggesting this builder/project?
I visited their property Signature..and i felt construction quality is not so good there..But i dont have any civil knowledge to comment on it.However the flats are very spacious..and well ventillated
Everyone talking of recession, but i coldnot see any effect on RE prices..Builders quoting so high even during prelaunch itself…Will they reduce the price from prelaunch price latter?I am little confused whether to go ahead now with whatever best available now or wait for some more time. House loan interests are also going up. In this situation i feel better to wait for the right time. In your estimate what is the timeframe for the correction in market..
Hi Jayesh,
Can you pl. provide your valuable feedback on this property? On Sarjapur road right opposite to Wipro(And also opposite to Mantri Glades and DSR Woodwind) there is a project coming up of Hyederabad based builder Saket Engineers. They have on paper quoted 3900 (I believe Mantri is quoting something like 4390) They are building some 225 Apt (2 and 3 BHK) in 4 blocks and also keeping small front space for commercial. What is your comment on this location over next few years and what is the right price to go for this if we want to live there? They are planning to complete this in 2 years time frame with penalty clause if delayed.
3500 and then go
Are you sure about rate of Hiranandani. I heard it is more than 4k now.
Yes its >4k
Now it’s 5800/-
That was quite a jump.
Is it really wƶrthwhile or just a marketing strategy?
Dear Jayesh,
I am considering to buy a GR Sun Villa property. The rate quoted for the villa compared to other villa projects in the Whitefield area seems to be on the lower side, which makes it attractive. What are the points that I should be aware of in that property? I realize that there are no amenities in the neighborhood (Budhigere cross road) now. I have a flat in Indiranagar and I am planning to purchase this property at Sun Villa and move in after 3-4 years. Till then, will I be get a good rental for this property? How is the water situation in that area? I also have looked at a villa plot from Zenon Tulips. Rate quoted is near Rs 1500/sq ft. Is this a good rate? They are making provisions for a 80 ft road inside their property. I feel this could be a opened out as a highway road later, although the property developer denies it. Please pass on your comments.
No high price property should be bought at Budigere. Secondly Zenon Tulips is OK but sell with right appreciation
You will not get rental and water prob is there.
bad choice though
Hi Jayesh,
Any feedback on Mana placido behind ITPL? they are quoting 2900/sqft
BR,
Prajeesh
tier 3 builder bad to ok reputation on prevous projects. you can get with same price tier2 or 1 builder
Hi Jayesh,
Could you please suggest me about Provident Housing Project -Wealth City on Yehlanka-Dodllapur road.Should I go ahead to buy property in this area.Whats future prospects of this locality..
Thanks
yes yes yes
Hi Jayesh,
SJR have come up with a new launch Celestia near Purva Sunshine project @3700 BSP. Location seems good right on Sarjapur Road but don’t know about builder. Your guidance is much appriciated.
SJR good, price bad. 3300-3500 else if you have decided and have enough stuff then go ahead
B R,
Jayesh
Hi Jayesh,
By reading your above comments on the property, I feel that your the right person to ask before buying any property in bangalore.
We are new in bangalore, we are looking for 3bhh in whitefield. We are interested in the Habitat Aster project , just opp to Brigrade Metropolis @2925sq/ft. Should we go for it? Are they good builder? Please give your valuable suggestion so that we can make decision. Waiting for your reply.
Good Builder but check out with the water supply mode. Cauvery or Borewell or any other source. Secondly, occupation time and thirdly price:2925 can be reduced to 2800 if negotiated properly as per the current rates and builder status is concerned.
B R,
Jayesh
Jayesh,
Thanks for helping us novices out in understanding the RE environment. I too feel that Bangalore prices are higly inflated and that we are at the mercy of builders. Unfortunately, I don’t see how the consumers can come together, unless the govt (our representative) steps in.
I am selling one apartment of mine in Gurgaon, and would like to invest the money (approx Rs 80L) in some RE, preferably land. I am targetting Ferns City/ Habitat layouts on ORR. But the prices are, as expected very exhorbitant (Rs 4500 psft). I don’t want to incur the Long Term Capital Gains tax, which I would if I invest this money in MF, Bonds, etc
I’ld appreciate your guidance.
Raman
Is 80L falls below 30% of your investment horizon if yes then go ahead else take out from that and put in real estate provided you dont have exposure to any other RE.
You wll not have to pay LTCGT if you hold for longer time. Sometimes NCDs released by Religare and recently realsed companies can be beneficial.
Remaining money can be put in for GOLD ETFs, bonds and Silver Bars.
Also some portion can be put in for Diversified Equity Fund. Do some homework in deciding the best MF.
Dont think that RE will definitely give good return. Sometimes selling will be a problem. How long did you take to sell your flat in Gurgaon? What was the buying price and selling? Do that calculation and find out the percentage and see if that equals if you would have done somewhere else.
Unfortunately Ferns City is No from our side and Yes if you want to have a villa style life and no burden of maintenance and futuer add ons
B R,
Jayesh
hi jayesh
I am looking at a project called Adithya beaumonde by adithya constructions at hope farm junction.currently they r quoting 3000/sq ft.have u heard of this builder and any suggestions.awaiting u’r reply.
Regards
Deepa
Tier 3 Developer, 2 projects under BBMP approval pending, some litigations on madhavpura happened but resolved. My side be careful and do all r&d work before saying yes.
Our team has not got any information about this project and they did not share the details as per todays call.
B R,
Jayesh
Somak,
I was planning to book a 3BHK in Confident Aquila which is adjacent to Atik. are you convinced about location and prospects of development 5 yrs down the line ?
Yes, go ahead. This group hardly negotiate. The prelaunch is appealing. Later prices increase. STRR with Infy SEZ will be key.
B R,
Jayesh
i too want to discuss about this project. considering this as one of the options. pls send an email to me at so that we can go together for booking to avail better rate if the details suit me. thanks
Hi Jayesh,
Thanks a ton for the useful info provided. Whats your take on Hiranandani Upscale(apartments – 3650 per sft) vs cottages (@ 4900 per sft) at Devanhalli.
Appreciate if you could provide valuable inputs. Thanks in advance.
Regards,
Mona
Who will stay at Devanahalli? Only people who are near to Manyata TECH Park, might prefer. And if you travel to office by plane and having your own jet then yes. Else I will never suggest to buy any houses/plots in Devanahalli. Investment per sae, also No.
Hiranandani brand is a brand. But Bangalore is not Mumbai so they need to play safe and you need to play your cards when time comes. As of now No.
B R,
Jayesh
Hi Jayesh,
I stay in rented house at present & want to buy an apartment to move in. How is Confident Atik where they are offering 3 BHK for 25Lacs all inclusive? Is it a safe place to put money in? Also is there any water crisis in this belt? By the way I work in ITPL & this looks pretty well connected via the Varthur Lake road.
Best Regards,
Somak
Kindly go ahead. Water criisis is not a issue there. 3 BHK 25L, whats the area you are getting? Sometimes people feel that I am getting 3bhk at this price, it finally lands up in compact rooms and one B becomes study room.
Kindly check the dimensions.
No issue with the builder though.
B R,
Jayesh
hi..pls contact me at
i am also interested in this project..we can go in a group
Hi Jayesh,
You and your team looks pretty knowledgeable in real estate matters in Bangalore. I am new to bangalore and was looking at Vaswani Reserve on ORR. It is newly launched with negotiable rate of 4590/-. Is it good property to invest? Is the builder good? Should i wait or invest now, i will be taking loan on this. Looking at 1900- 2000 sq ft home.
Any inputs will be appreciated.
Thanks,
If you have money, go ahead Vaswani is one of my fav builder and I suggest if you have HELL LOT OF MONEY. This builder has given nice projects to Bangalore. Price for this one should be, truly speaking, 3500-3800 but as you know Vaswani is Vaswani.
Baniya never reduces price even if they have to eat Roti with salt.
Investment NO NO NO. If you want to give it for Lease to company that could be one option.
B R,
Jayesh
Jayesh – I must say am impressed by your response š
Hi Jayesh,
It is pretty impressive & imperative for us who lacks
in RE knowledge.
I am interested in purchasing a 2bhk in whitefield.
Balaji Pristine, Nitesh Forest Hills,Sterling Shalom which will be better.
Also suggest me your choice/opinion in & around of whitefield locality
Awaiting your response.
thanks.
Sasikumar.R
Nitish Forest Hill (although you are late), Sterling, Balaji. Try out some newly launched near Bridage Harmony, Hoodi Circle and Prestige Shantiniketan and also just after Kadugodi, near to Golden Gates apartment.
B R,
Jayesh
Hi Jayesh,
Thanks for the valuable thoughts and being so generous in providing helpful tips.
I’m planning for a 2 BHK apartment in the Era Landmark project “The Arena” on Mysore Bangalore Express Highway next to NICE corridor. I was told that the project was launched in Feb (2011) and the first phase is expected to be completed in 2014.
I haven’t heard much about the Era Landmark developers in Bangalore and was wondering how good would it be to invest in this project.
Any information on this project or the Era Landmark developer from you or your team would be appreciated.
Thanks in Advance,
Sandeep.
Let me know if any of you have any feedback or opinion about this Project (The Arena), I’m planning to book a flat.
Thanks,
Drop as soon as possible
Jayesh,
I’m glad to hear from you but, just wanted to confirm, Do you mean drop the plan of booking?
Any particular reason, I’m curious to know, any serious problem with project or the builder?
Any suggestion with be appreciated. Thank you.
Sandeep.
Hi Jayesh,
I appreciate your efforts by replying each queries in this forums.
Even i am planning for the arena project, even thought of booking this weekend. but when the saw your comment, its very disheartening . As price looks very attractive( 2500 per sq-ft), Can you give the reason for saying it NO?
Badly in the need of suggestion.
Regards
Somu
Drop the idea of the project.. Only if they give you the clear title document, and what are the approvals they got, I will be glad to know.
Else if you wanna take risk, go with 2200 call option and then long for it.
This is an interesting discussion thread and 10 points raised by Jayesh make a lot of sense. However, if someone has followed real estate for last 10 to 20 years then it tells us that an enduser can’t go wrong by choosing the right location and right builder. Both corrections and spikes get absorbed in 5 to 10 years period with a positive affect on the real estate holding.
India unlike US and west has rather limited supply of land for well managed urbanization. High paying job creation is also limited around few urban centers that has young educated aspiring families that have learnt to move away from joint families. Consider the fact that 7% GDP growth on 1 trillion Dollar economy adds 70 billion dollars every year and much of it gets absorbed around urban centers. This is also coupled with high inflation.
In above scenario an end user who wants a holding in land or apartment can’t go wrong in mid to long term. Mind it that exposure in real estate should be long term. However, short term speculators and investors can get affected but if they have holding power then they also do alright.
In short, if one wants to enter as enduser then it is better to make budget and find what you want and go for serious bargain hunting during this period. If you have spare cash for investment in India then inflation will eat it’s value anyway s better look for a holding that is good location and timeless in terms of transport connectivity. I believe one can’t go wrong. I also agree with Jayesh that timing will turn in favor of serious buyers soon with macro- economics painted by him.
I am not based in Bangalore but would like to seek opinion of Jayesh and others on RMZ Galleria in Yelahanka and Sobha City close to Manyata Tech park going for 4500/sqft. It will be an investment holding for rental and later for self living after 5 to 7 years. I would appreciate comments on rate and location.
Br/ sanjay
I am not based in Bangalore
Sanjay, your calculation is wrong. You have not considered the variable land demand to supply and time when everybody tries to sell. Keeping a country into developing front, it includes cities and villages, so overall Per capita income needs to be uniform and high and then the movement to urban will be reduced.
Secondly the concept of 15-20% return is not true till it realized. Please do a calculation on prepayment of interest and principal, appreciated value if any, tax benefits in that span, and then we can see the actual figure.
This is the reason why Japan crashed, Russia slumped and Spain went into black areas in RE.
Frankly speaking I dont suggest any individual to buy house with their hard earned money except if the total exposure is not more than 30% of their current allocation of investment.
RMZ Galeria is thumbs up, Sobha City is Thumbs Down as per your plan I am seeing.
B R,
Jayesh
Hi,
I really appreciate your comments and the feedback on the site.
I have a query regarding the SJR Avalon i am thinking to purchase the 2 bhk at price of 2840/ – Psft.
in this apartment the possesion date is about aug 2013 as quoted by them.
can you tell me wheter i shall go for this apt.
or shall i book it after some correction in price that is after dec 2011.
one more query is wheter there will be correction for the big builders in property market or not, will the recession will actually come or it isjust anticipation,
Please answer and remove confusion.
lokking forward for your kind help
abhi
Comments given below. Coordinate with the person in these comments section and discuss together to come up with right price.
It should be a win win situation.
Regarding recession and market situation, my suggestion to all, wait for 15-20% correction for sure. Already RBI put norms to Banks that prepayment charges will be zero. 15-16 sep next RBI declaration on CGPR and CIPR so another turmoil might come soon.
B R,
Jayesh
Hi Jayesh,
Thanks for posting such a valuable post. Its really helpful for all to have such good discussions and sharing of thoughts and helps everyone who is thinking of buying into RE as an investment or for own consumption.
I have few thoughts of my own and would like to seek your feedback on the same.
1. You said your team are recommending none other than Kanakpura road or yehlanka fron an invetment perspective. What is the reason/logic behind that? Which projects do you recommend in these areas
kanakpura road used to be a far stretch of barren land few years back when I was in bangalore. Offcourse today it has developed far beyond my imgaination to as areas as far as art of living ashram and beyond with all factors like NICE road, metro proposed phase 2 etc. But I think that there is so much oversupply of property on this road with many ready to move in projects available and many more like Brigade meadows, Concorde Napa etc in the pipeline. I just don’t see what could be the potential triggers from an investment point view on this area especially with airport and MG road quite far from these locations. Your thoughts please.
2. Yehlanka I can understand a bit as its near to Airport and few tech parks etc coming up. But it has already appreciated a lot and as such i am not very sure about its connectivity to other parts of Bangalore.
Don’t you think that the area near KR puram, Budigree Road where all the projects like Tranquility, Pruksa, Brigade Exotica, GR sun villas etc are coming up is a better option, specially with connectivity to MG Road, airport, whitefield etc being a big positive for this location? I think give it 3-4 years and this area would be booming with malls, schools etc.
3. Lastly as mentioned above in point 2, I have an inclnation towards Budigree cross area specially with Pruksa silvana. What do you think of this project as compared to Prestige as an investment as well as living later on option. It will be almost ready to move in next 1 year and 70 L (other than registration).
Please note that these are my personal thoughts as I have been going around bangalore for quite a bit and want to buy something which is not very expensive today as an investment option and where i can potentially live as well.
Above post may look long but couldn’t put my thoughts in lesser words. Awaiting for your valuable feedback. š
Cheers
Vivek
Completely agree. I think entire old madras road stretch coupled with whitefield extension is much much better than any area for investment. Whitefield and neighbouring places are growing rapidly and will soon become sort of CBD extension due to proximity with MG road as well as IT focussed region.
I don’t see any major projects coming up on Kanakpura road as well as yelahanka area. Anyspecific reason why kanakpura road and yelhanka is better choice than whitefield and old madras road.
Hello Vivek,
Thanks for reading the material and putting your thoughts. I will put down the answers to your comments one by one.
1. Our team is suggesting that if any person is looking for buying into RE in Bangalore. Kanakpura road and Yelahanka property with right decision, right pricing will not end in correction calamity. Nowhere we are saying you buy ONLY at these places. If you see my comments, people have asked me places other than KP Road and Yelhanka and we gave only the comments which our team did a study and is feasible or not. Its the final decision of the person who is reading this open blog to decide.
The sole reason for KP Road and Yelahanka is that other places builders are quoting huge prices with many other factors for the price and the other politics, internal corruption involved in the registration and all, which is another topic which we dont want to dig. KP Road and Yelahanka is bit safe as of now but God knows when that will also be influenced. with dirty minds and internal sharing black profit mode.
2. Budigere if you feel is a good place to buy, kindly go ahead. Our team are against this area with many reasons. One could be its internal, no future connectivity plan and the main road connecting Whitefield and Airport road will burst soon, same case now as in ORR. Plus water problem..
Malls and all, I wish they should come. Malls will come from the builders who are profit and market is going to be good. Lets see your prediction and our study by 2015. Just like Chatur and Phunsuk made a bet on Sep 5th and its the same date today. Just kidding
3. I dont know how you got the information about Pruksha, but you will be happy to know that our team has given a thumbs up for the project, keeping aside the location. Good question and first question. I am happy that atlease this project is a good one at this region. May I know what is the final cut off deal you are going for?
B R,
Jayesh
Hi Jayesh,
Thanks for your detailed reply.
As far as Budigree gooes for malls and all its just a thought based on the fact that if there are so many residential projects coming up in the area than sooner or later ther will be many commercial developements coming up as well to cater the demand. However, it may take time.
What I meant by 1 year completion in Priska is that their phase 1 might complete in 1 Year, I am getting a prime type in 70L (reg extra). again , my concern is immediate outflow of money in priksa as they are doing construction of illas quite fast so one is liable to pay almost all money in next 1 year which is not necessarity a good option from a investment point of view.
Regarding KP road, which options you think are reasonabley priced there? Brigade new project (Meadows I think) is available at 2400-2500/sft but the location is far out (after AOL). Concorde has also launched duplexes in 50-60L but again location is a concern.
Your thoughts please.
Thanks and Regards
Vivek
Hi Jayesh and Vivek,
I believe Pruksa has shown a road in the center which is a proposed state highway. Once this opens up, can you advise on what would be the impact(positive/negative) on this property.
Regards,
Mona
Mona and Vivek,
Pruksha given thumbs up with assumption that the good amount is there, less of loan burden and future growth (not much though and safe with quality etc).
If the situation is what you explained Vivek, I will suggest to drop the plan.
KP Roads are good for people near south bangalore, BG Road and the companies in that area else forget it.
Many projects are there. Else wait n wait
B R,
Jayesh
Hello Jayesh,
Whats ur take on skylark ESTA project. They are quoting 3850 per sqft.
Thanks
Anon.
What is the floor no.? Take 3600-3800 else negotiate on car parking and amenities charge. People got recently with the price below the one quoted to you.
B R,
Jayesh
Hi Jayesh,
What is your overall opinion about the Skylark Esta project with respect to location and other amenities. They are quoting 3750 for 4th floor.
Appreciate your response.
-Ajit
3200-3500 from floor to floor negotiation MUST
Hi Jayesh,
Appriciate your expert comments. I am exploring a 3 BHK house near Sarjapur ORR IT corridor.
Since I am out of India, buying in resale may be tough. So stumbled upon two new launched i.e. Prestige Sunnyside @4350 and Mantri Glades@4390. There is very less discussion happening on Glades.
Which one out of the two more justifies the price tag ? Any other projects which you feel are better in the long run at these location ? How about Kumar iLife.. whats your team’s take on this project ?
Thanks for your help.
1. Mantri 2 Prestige 3. Kumar
Wait if you have time, else go for a plot purchase on Sarjapur ORR and construct house in a gated community. Near wipro office there are many gated communities, go for resale also.
One Note: Check with Kumar iLife and ask who is the current approver and get the dev plan and approved plan. If all is well, try to buy (good deal will be a good result)
Please remember that the builders you mentioned has 15-20% more ONLY on tag. Same ex: Levis or Levis Signature. Its your call.
B R,
Jayesh
Thanks Jayesh for your reply.
I totally agree that brand name is costing 15 to 20 % and therefore I am also looking into a nearby property Prisha India Bhuvana Greens @3500. The builder seems new and related to Golden gate (have reported issue). What’s your suggestion on this project and location of Hosa Road.
Thanks
Builders create their subsidiary, new branch and register so be careful. I have not done study on this project. Kindly give us week time to comment on the project.
B R,
Jayesh
Hi,
I recently saw some properties near Budigere (prestige Tranquility, Pruksa Silvana and GR Sun villas) … do you think any of those are a good investments or should I wait for some time and then decide based on the market movement
1. Pruksha 2. GR 3. Prestige.
Wait for some more time, else atleast if you get a plot buy it. One more thing, check what they are quoting now and what was the few weeks before quote.
B R,
Jayesh
I nearly decided on Sobha City Casa Paradiso with all inclusive for 1.23 cr but was not sure of the location and choice of apartment at that time. Sobha has approached us with new tower launch and choice is available but at 1.3 cr. I have mixed feeling about location. My intent is an investment and rental for 5 to 10 years and possibly live there myself if area develops well. What do you think Jayesh? Are there better options? I like paying into a new project over a period of time but can also consider a ready available option. Thanks
Drop it Mukta Ji.
There are many many good options with the budget you have. Dont consider Real Estate as source of income, it was but not now. A dream house is different from investment plan. Sobha is a good developer but this project is hyped.
Please let me know in detail the specifications, future plans etc and our team will decide the best option in the market. Sometimes Bangalore may not give what you want and sometimes a hybrid cities investment can give. But dont mix with your dream house.
Kindly refer to the article came day before yesterday on rediff business from one of our team member and kindly watch the feedback of the team on Zee Business and UTB Bloomberg. You will get some idea.
B R,
Jayesh
Hi Jayesh,
Hearty congratulations for running such a good site. Believe me this is going to help thousands of people in Bangalore who wants to buy a flat but have no idea whom to consult before investing huge money
Now my question is, I am planning to buy an apartment near ITPL(600 m behind ITPL). Project is Foyer infinity. Though they have built small projects earlier, this is there first big project.
They are quoting 3275 for 4th floor(not nego).I am planning to buy 2 bhk which will cost me 44lacs+reg.
Will this be a good deal or prestige park view will be better than this?
Hello,
Thanks for the comment. Its not my site. My team gives comments to business standard, financial times and some websites like rediff.
While going through the projects launched, I found this site is getting good no. of hits, so thought will put my 2 cents on this.
Coming to your question, sorry to say, NO to Foyer and Prestige Park View, If you have decided you will go with either of this one, Foyer is above Prestige at this moment. Reason will be the tag of prestige has put the apartment on higher side.
Kindly check with same flat dimensions, locations, breakup cost and you will realize the truth.
B R,
Jayesh
Thanks Jayesh,
I am searching for flats near to our office (ITPL, we both are working there). I was fed up of searching apartments around ITPL area . Either they used to be very costly like Rohan in AECS lay out(My budget is about 45 lac all inclusive) or builder had negative comments like SJR, Mahaveer.
So finally shortlisted Foyer infinity. And then saw prestige parkview offer and thought of prestige brand name š
Thanks for your reply. I may go with Foyer infinity because flat rates in B’lore keeps on increasing. I think they will never come down š
Thanks,
Prajeesh
They will come down provided people like us decide and platform like this and others make people understand the problem with current realestate market.
20% correction cannot be avoided by real estate player in recent times.
B R,
Jayesh
Hi. At what price did u book at Foyer Infinity?
I will not go for foyer infinity. FYI, i have not done any investment in realestate in bangalore and i m staying in my own house in bangalore which i have no plan to sell in future.
Hi Jayesh, I am planning to book a flat at Foyer Infinity.
What are your thoughts?
Is it worth buying at that placing and also the authenticity of the buyer.
It will be of great help if you could help me.
Thanks Mahesh
no
Dear Jayesh,
I am confused between SJR Avalon (approx : 52 lacs for 3 BHK 1419 sqft ) & Ozone Ever greens (approx 52 lacs for 3BHK 1216sqft ). Request pls advise on price and also between two which is the best option.
Thanks,
Pawan
Confusion is the basic characteristic of a human being during house hunting, alliance selection, career selection, job change selection, etc. so dont take tension, its your stars position making this confused.
OK keeping aside the philosophical talk and coming to practical aspect, did you check when is the completion date for Avlon, did you check how fast evergreen can give you the new tower completion date and can you let me know why SJR Avalon has done a prelaunch through proptiger and not available in their website because they will sell some normal apartments, keeping premium ones, seeing the market they will release the flats.
However, 52lacs: if full payment, get discount, if partial find out if PRE EMI option can be wiped out, else atleast get complete information of project completion. Its MUST MUST.
You might get inclination to buy Avalon because you are getting almost 200sqft extra which is equivalent to a big room/terrace etc, but my friend, its better to look for a project completion date rather than newly launched project in this current market conditions.
Thanks Jayesh for your valuable inputs. I went back and checked with Avalon & Evergreens both. Avalon completion date is Dec 30 2013,where as for evergreens it is Dec 30 2012.
So I have decided to go for Avalon since I will be moving out of India next month and will be coming back after 3-4 years. Also in evergreens I might have to make more payment initially since they have already completed 14 floors.
However I need your thoughts on SJR Avalon, How is SJR and Avalon’s future prospects ? Also they are asking for 2840/sqft and after negotiation they said you can get waver on floor rise (i.e in the price of 6th floor they are giving 8th floor).
Is that a good price or should I negotiate further. Pls help.
Negotiate further. I will suggest 2750 as your cut-off price along with high floor. I know it seems hard but its not impossible. Worst case, go for 2800 with very high rise and negotiate with other amenities.
SJR is Tier 2 Developer and I prefer to stick to basics ie check with other previous projects outcome from sources and delivery time.
If you have a group, nothing like it. Dont think that if you are stubborn, you will lose the deal. Evergreen has gone with very low rates, those who booked earlier for previous towers.
B R,
Jayesh
Hi Jayesh,
Your comments are really valuable. You have already given comments on Prestige Tranquility. But my circumstance is different from above.
I am thinking of buying 2 BHK in Prestige Tranquility. I need to take loan to buy it. The price is around 2800 to 3000 sq ft based on the floor. Please suggest me whether i should go for it or wait for some time.
Hello,
I can understand the inclination of buying a Prestige project with an assumption of quality and brand tag. If you feel that your current investment is NOT investment but your own stay and you are 100% sure that you will be able to take care of financial liability, and your asset allocation is not > 25% to real estate, and you are fine with loan and emi with some other way of income for prepayment like onsite trips, stocks earning etc, then YES YES YES
Else please ignore.
B R,
Jayesh
Hi Jayesh,
I am thinking of buying a plot near Chandapura – Anekal road for about 25 lakhs for 2400 sq feet at about Rs 1025/sq feet. This would be mainly as an investment with plans of selling it 1-2 years down the line and get a flat for my use. Currently I’m staying at a rented house and have not bought a flat mainly because of high prices and high interest rates. What do you think about this investment? Is this a wise move or should I hold on to the money?
Hello,
Sorry to share this news with you. but we suggest not to buy any plots as of now with an assumption to sell it in next 2 years. Also your mentioned area will grow high only after Phase 3 of Metro comes up which I think will happen not before 2025. So correct price is 800 but I can understand the price rise because of Vakil and JR entries.There are no big developers launching any such project fyi except tier 2 builders.
B R,
Jayesh
This is a great site and Jayesh I found your inputs very relevant. I accidentally stumbled across this site and saw this useful discussion going on.
My question is specific to many Villa projects which are coming up near Sarjapur, Atibele road and in vicinity of Narayan Hridayalaya. These properties look good from investment point of view and one can own a Villa for as less as 25 lakhs. Looking at the current state of the affairs in these areas, it appears that it will take atleast 5 years for these areas to be habitable.
What is your opinion on the same ? Apart from these villa scheme, there are various schemes flats/plots/villas from Confident builders near Sarjapur village which look affordable, any inputs on the same ?
When city grows, spaces reduce. Villas become houses, houses becomes 3bhk, 3bhk becomes 1 BHK. Standard flow, you go anywhere in this world, you will find this trend.
When to opt for Villa: Need to show the living standard, love to have open space, gardening, pet, a double storey with parents.
Will the Villa project work in Bangalore: My honest answer is No. It will crash very soon. Villas are for HNIs and I suggest people not to waste money in the outskirt of a city to showcase that I got a villa. its like taking weekend off and going to stay in a resort in ooty.
Sarjapur, Attibele areas Villas, they will say all are sold, few are left. The scam of land bought n give and politicians involvment is not exposed, else you will realize soon how many are bought by whom.
Others have bought for investment but then why are they not selling it. people feel realestate will give 100-200 percent return but the holders getting 15 percent so they are waiting, you also wait till some parties lose patience, and grab that deal if you are very much eager to have a villa.
B R,
Jayesh
Hi Jayesh,
Nice article. Heartfelt Thanks !
I am an NRI and in IT. I am looking to buy an apt in Blore (orr,sarjapur,itpl,whitefield areas) both as an investment and future home. How big is the water problem in these areas? Do you have any comments on the quality of construction of big builders like Salarpuria/Prestige/Purva/Shoba etc. Can they be relied upon 100%. As you also mentioned, these builders did not seem to reduce the price at all. Prestige for eg, is quoting 4350/- (prelaunch) for its sunnyside project near Cisco in ORR. From your experience, can you suggest some of the Tier2 builders that are good and their prices are not exorbitant ? For a layman, it is very tough to choose the builder than the site/floor plan etc. This is where we really look for some experts opinions like yours.
Please advice where i can find credit worthiness of various builders? You mention about AAA+ etc, is there a site that we can look at? You mentioned in your comment that ppl got fooled by Purva. Which project was this?
All,
In general, any comments about these projects?
ozone evergreens, keerthi gardenia, foyer infinity, purva skywood, prestige parkview, sunnyside, durga rainbow, samhita serenity. Thanks ALL for the great inputs.
-Arun
Jayesh/All,
Your inputs will be really helpful for me. Please share your thoughts.
Thanks,
Arun
Sorry for the late reply.
Water problem is there in Whitefield area. Varthur lake goes under BBMP scrutiny and water level needs to be controlled.South Bangalore will have less water problem as compare to other places. Because of ORR belt of IT and SEZs and huge consumption of water, the water level is going down. You will be surprised to know that the good business in these areas are the people who are engaged in providing water tankers.
The builders you mentioned are very good. They do not compromise on quality and content of materials. However even if the quality is good, they add 10% extra on brand name. Its like Levis Signature or Levis original.
Tier 2 will Ozone, Ajmera, Alpine, Ackruty, etc. Tier 3 will be Durga, Mahaveer, Mana, Max, Aishwarya etc
AAA+ ratings can be found out on internet, Credai sites.All the projects you mentioned are good, all depends upon your budget, criteria, loan capacity, backup plan etc.
Purva some projects in Maratahalli got into this controversy.
B R,
Jayesh
Hi Jayesh,
I went through all your comments and got a very strong feeling that your comments are really worth to consider.
BTW is it the right time to buy Adarsh palm retreat Villa ? I am looking for a villa around outer ring road, close to the city and down the time it can fetch good appreciation.
Appreciate if you could suggest your thought.
-Syama
No, its highly marked above the price as per our sheet. To our team surprise, there is 18-25% extra addition to other things. Need to be downgraded.
Hi Jayesh or anyone, what is your comment on Keerthi Gardenia near Kundana Halli Gate? I really like the location as very easy accessible to Maratha Halli and ITPL. Need to know about the builder and credibility.
Good for buying and staying with family.
Kindly check out by going there the following things, our team were not impressed though:
1. Brick quality,
2. Rain water harvesting design
3. Sewage exhaust
4. Space between doors and gallery and lift to door ratio
Kindly DO DO DO check SBA before seeing any house near Martahalli as many got fooled with Aishwarya and Purva projects.
B R,
Jayesh
Hi Jayesh,
I just booked a flat in Prestige tranquility @2900. I actually wanted to buy ready to occupy 3BHK flat @4000~4200. But couldn’t arrange that kind of money as of now because I don’t want to take loan, in case of tranquility I will be able to manage it without loan. I don’t know whether I made the right decision on not, moreover I am paying 25k as rent in PSN.
-Jitendra
OK, seems logical. Paying 25k at prestige shantiniketan is not worth. what you have purchased is right seeing the circumstances. Since you have not taken the loan and I am assuming its for your own purpose (family house). Its a right decision.
Even if the prices go down, it does not impact your purpose, it does not impact ur investment and finally it does not impact your future tension of any self occupied home.
One suggestion: Always keep some money for contigency. Whole amount invested to buy a house needs to be calculated w.r.t. direct deduction benefit, 80C benefit and of course flat appreciation.
Did you negotiate on rate? Paying full amount to the builder (any, even if its AAA+ CREDAI rating) should always give a very good deal. Check it out.
All the very best.
Hi,
I am also interested in purchasing a 3bhk at prestige tranquility, i have been quoted 2800 /sqft.
Jayesh is this a apt rate, or should i negotiate. how is the location and future prospects.
I am a nri, i would like to purchase this as a both an investment + future home.
Awaiting your response.
thanks.
antony
Prestige Tranquility is no from our side. Many will be surprised but Prestige other projects and this projects cannot be compared. It falls in the category of affordable, quality and space compromised housing model. 2800 will have 400 prestige name addition plus brokerage payment to companies like proptiger etc.
With the same price, try to find out in Kundanahalli, Mahadevpura, Bannerghatta Road, Elec City, south bangalore, North bangalore Jalahalli.
B R,
Jayesh
Hi Jayesh, your points are really helpfull.do you provide real estate advise/consulting? If yes could you please send me a mail?
We give suggestions and advise for different issues like: Financial Planning (tax,realestate etc), students counselling, career guidance, marriage/divorce cases, children planning, abroad related questions.
Please note that this is not advertisement, our group of people helps for getting you the right answer through their sources and hence please dont come to conclusion by just suggestions and opinions.
As rightly said in 3 idiots, its a free advise, take it or leave it.
Hi Jayesh , SJR group is starting a new venture near marathahalli outer ring road. they r quoting arnd 2790/sft. is it a good buy?
Are you talking about SJR Unity? IMHO, SJR group is AA- rating which is OK except that the schedule completion is always a question. Quality is good, customer support is good, but the timeline is bit problematic.
Regarding this project, the land was in some litigation problem. Price 2790 is No.
If you are seriously thinking to own the house for your family living, and you are 100% sure that irrespective of next 3 yrs economic calamity, you will be able to survive, then only quote 2500-2550 else forget it.
i came across “sjr avalon” pre-launch. is it worth going for?
My team has not been given any clear documents on the same. So I cannot do any honest comment on this. I would prefer to wait for some more time.
Sorry to say this.
B R,
Jayesh
SJR Unity
Is there any litigation issue for this. Does the builder have BDA / BBMP approval for this.
Do let me know.
Thanks & Regards,
C.Vishwanath
I agree with jayesh. Recession in western world is not a if now but rather when and it is not going to be pretty. Look at the way IT stocks have been hammered over the past week. Stock markets are always forward looking and the near future for IT does not look pretty. There will definitely be job cuts, hiring freeze, salary reduction in the next 12-18 months. There are so many apartments unsold in bangalore. Builders are holding it hoping that the rates would rise but they cannot hold it forever. With interest rates rising and with a lot of debt in the balance sheets, they will have to liquidate their holdings which means that a flood of apartments will hit the market and prices will automatically start going down. If I had the money, I would even consider short selling of apartments just like stocks now. Home load interest rates are close to 11 % now and will remain like that for some time to come. All the people who bought apartments recently paying 400-4500 a sqft are highly leveraged. Even a small disruption in income will be catastrophic for them in terms of paying EMIs. Bank stocks are also down due to this very concern.
My advice, hold your money. Try to put more than 60 % of cost down with your cash and take load as little as possible. Buy if you want to live. If you are buying as an investment, then you are taking a huge risk… There are no buyers in the market today…
Hi,
Im planning to buy an apartment near ITPL in bangalore. It costs me around 2900/sft. Is it the good time to buy ?
Please help me out……
Which Project?
Ready to Occupy or Under Construction?
ReSale or New?
Area? How far from ITPL, nearest landmark, distance from Whitefield, Hoodi Circle, nearby big project
These information will help to come up with right pricing.
Regards,
Jayesh
i belive real estate sector is expected to remain robust despite the global slowdown ,some of us may feel that way but itāll not witness the kind of price appreciation it has seen in the past
Thanks Bunty, for the information. 2 yrs ago was the first recession cycle and I believe that if somebody would have bought that time with better negotiation would have benefitted today.
As you rightly said, the prices are very high and with my customers come to my place for consulting ask me what should be the plan of action. My sincere suggestion is always that wait for the right time, right place and right price rather than thinking that affordable houses are better prices or prices will go up or down.
Remember that Real estate in India controls a nominal percentage of GDP, but its not the main. If you see yesterdays times of india article, all big real estate players are rated below or same as during 2008.
If you want to buy a flat, plot, built up home, let me know the price, area and will be able to tell if its good for investment or for own occupation.
I will also suggest to look into tier 2 cities, they are also picking up. But definitely not Bangalore at this moment. Let me give a short n sweet example, 242 people got benefitted when my article about not to buy houses in Greater Noida came up. They cancelled the booking also. Similary happened in Lavasa.
Let me tell you that buying a house and assuming it for investment might not work. Its same as selling cars in Delhi, it has so many cars that if you want to buy a second hand car, its so cheap as everybody tries to sell and then resulting in no sell and complete fail syndrome.
Hi Jayesh, Interesting article and Thanks for sharing your views. I almost got a 4000 sq ft site in Chaitt-hanyaaa greaen-forrrd (intentionally mis-spelt :o) 2 years ago but dropped it in final stages due to some reasons. That plot got sold then. Now i looked at a recent ad and am shocked to see the price doubled(unaffordable too) for a similar site in that property. I m hating myself to have left that pursuit at that time and am sort of depressed about the same. I know that clearly the current price is bloated badly.
Thanks Bunty, for the information. 2 yrs ago was the first recession cycle and I believe that if somebody would have bought that time with better negotiation would have benefitted today.
As you rightly said, the prices are very high and with my customers come to my place for consulting ask me what should be the plan of action. My sincere suggestion is always that wait for the right time, right place and right price rather than thinking that affordable houses are better prices or prices will go up or down.
Remember that Real estate in India controls a nominal percentage of GDP, but its not the main. If you see yesterdays times of india article, all big real estate players are rated below or same as during 2008.
If you want to buy a flat, plot, built up home, let me know the price, area and will be able to tell if its good for investment or for own occupation.
I will also suggest to look into tier 2 cities, they are also picking up. But definitely not Bangalore at this moment. Let me give a short n sweet example, 242 people got benefitted when my article about not to buy houses in Greater Noida came up. They cancelled the booking also. Similary happened in Lavasa.
Let me tell you that buying a house and assuming it for investment might not work. Its same as selling cars in Delhi, it has so many cars that if you want to buy a second hand car, its so cheap as everybody tries to sell and then resulting in no sell and complete fail syndrome.
Jayesh, Thanks for the note. Can i have more information about you? Like what is your consulting service, your contact information etc. I will ask you a couple of more questions about my real estate investments which i dont feel comfortable sharing in public.
I was/am looking for a 4k sq ft plot in a gated community(with amenities like pool etc.) to construct my dream house and settle down in Bangalore. But my dream is becoming distant day by day with the unreasonable price increases by the greedy people.
Who said water problems in whitefield? Can you give me more details on why you should not invest in whitefield area? I have a plan to buy an apartment with a small builder who is constructing apartment with 24 flats in whitefield area. I am getting it for around 2300rs/sqft. It has limited amenities.(no gym, pool etc).
Kindly check BWSB report and the consumption of water reports. Its just a suggestion, will be good if you see and check the facts in internet also.
Thanks jayesh for your honest openion. I will definitely check this. Your 10points are really useful.