The quoted price is around Rs.1200 to Rs. 1600/sft depending on the location and some fools are even quoting Rs.2000 and above.Sites are not worth to buy above 1000/sft. People are not able to sell their plots but still sticking to the higher prices expecting market to get better !!!. Some resellers are quoting funny prices. If you have little more money better invest in Rajarajeshwari nagar which is well developed.
as said bda 6th stage,banashankari , will take ages to develop. the 20x30 site wud cost somewhere between 7-8 lacs in 6th block. in 7th block max of 8.5 lacs.also the registrations are less in the sub-registrar office.as these lands were sold at higher rates a couple of years back,original owners have to wait to sell them.b careful with brokers as all of them are localites.
I saw some sites at BSK 6th stage today. I have a few questions and it would be very helpful if you address these for me:
1. Rates that the agent was quoting was 1500- 2100 K per sq. feet. (40 x 60) for how much i should negotiate if i have to?
2.I am not looking at immediate development. may be 4-6 years down the line if it develops i will start the construction?do u think this area will develop to a level of rajrajeshwari nagar atleast 6 years from now?
I am also looking in the same area. I got a price quote from direct owner for Rs 1400 per sqft North facing site and he said it is negotiable. So that is the price range that is going around that area. I think anywhere between 1000 - 1200 would be reasonable.
1000-1200 mentioned is very reasonable but it is very hard to get a seller for that price. There are a couple of apartments that are under-construction in that area (Sobha, Purva etc). I hope once the aparment comes up, the value of the surrounding area may go up also...
So the wait may be lesser than 5 years...