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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Bangalore > Ferns Gardenia Sarjapur Road
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Old November 6 2011, 12:28 PM   #1
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Default Ferns Gardenia Sarjapur Road

Hi,

I'm considering to buy a plot at Ferns Gardenia off sarjapur road. The price is around 2000 per sq.ft.

Appreciate inputs on how good is this from an investment point view. Any legal issues with this venture? I dont live in B'lore. So how safe is it buy a plot and leave it without much monitoring in city? This is a concern for me.

If any one has/is planning to invest in this venture, pls let me know.

Is this plot a better investment idea or buying a 2BHK at prestige sunnyside marathalli a good idea? Inputs are appreciated.

Rgds,
Padmaja

 
Old November 6 2011, 04:53 PM   #2
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Hi Padmaja
Can you tell me the poin tof contact and if they have launched it

Last time i checked a couple of days back they said they are still contemplating launching it in NOvember .. but havenot heard henceforth
 
Old November 7 2011, 04:31 PM   #3
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phase 1 was sold out very quickly, let us know when phase 2 is going to launch.

any idea how far is it from wipro corporate office..?
 
Old November 7 2011, 04:51 PM   #4
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It is about 10.5 Km from Wipro corporate office, about 2.0 Km from Dommasandra circle. They were supposed to launch the 2nd Phase by 1st week of November. I have no idea if Rs 2000 Per sq ft is good price for that area...
 
Old November 7 2011, 05:54 PM   #5
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Its definitely pricey
One of my frnds have bought at a better location at 1300 psf
 
Old November 8 2011, 12:19 AM   #6
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I called their office, it takes another 15-20 days to launch it seems. Vakil which is around 8-10 km from wipro is in the range of Rs 1700-2300 / Sq Ft,but its fully developed, 2000 for ferns seems to be higher...!
 
Old November 8 2011, 01:59 PM   #7
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Agreed that at Rs 2000 per sq ft (if this info is correct), Ferns Gardenia is quite expensive compared to other layouts in the vicinity. I am not sure of Vakil, but the facilities and layouts made by Ferns is very good. RBD, RBR and other Ferns projects in the ORR are testimony for it. I am not sure about other developers, and sometimes they promise a lot and after a few years the layout resembles a jungle with no development and property maintenance. Everything goes Kaput,,, and all hard earned money goes down the drain as you cannot even build a house with no one in the vicinity.

I think Ferns is better in this respect. Last I heard they sold the 1st Phase for Rs 1750 per sq ft.
 
Old November 9 2011, 06:16 AM   #8
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Thanks all for the inputs.

1. I called Fern's office. They told that it will be launched sometime in Nov, price 2000. Was not really happy with the person who spoke. He was in great hurry, not answering all my questions. If any of you know any sales person from Ferns, pls pass on the contact no.

2. I'm not fr B'lore. One friend who worked in B'lore for sometime says that Wipro corporate office Sarjapur is the technical end of city. There is nothing other than fields beyond this point. So is it actually worth investing 10kms after wipro office for this price? what's the scope of growth in this road? heard that there will be a road connecting to White fields closer to this venture. Is this happening? are there any resedential/commercial/SEZs coming up in this area?

Rgds,
Padmaja
 
Old November 9 2011, 08:01 AM   #9
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2000 seems high premium for the area.

Every good developer, who has made money for investors in past, charges 200 - 300 rupees premium. The problem with investing in a very high premium plot is it will very difficult to sell the same. One gets peace of mind, but if one wants to sell in 2 or 3 years not going to happen.
One should only be looking to pay 200 or 300 premium than current rates in area.
 
Old November 10 2011, 02:02 PM   #10
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So, whats the current rate in the area?

If ph-1 was sold at 1750, its 250 premium over that price...
 
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