One reason for lack of development - A lot of investors bought sites here, similar to other Prestige properties where investors/brokers buy maximum no. of sites/apartments and then sell them at a higher price. Prestige/Chaithanya sold off the sites a long time back, once in a while re-sales are happening. Consider this layout only if you are looking at as a investment or would like to build after couple of years, by that time some more houses will come up in the layout. This layout is very close to peripheral ring road also, so you can expect the prices to go up soon.
The association is working with Prestige and BBMP for the development of roads. Hope Prestige will take care of this and other neglected properties (almost all plotted developments of prestige were/are in bad state) as they are planning to come up with an IPO soon.
Venkat
|