There is a lot of new projects being setup in bangalore under name of Affordable housing, where 3BHk costs about less than 20 Lacs. These projects are mainly in very remote areas of bangalorem, outskirts.

Is it worth investing in these projects?
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  • Yes of cource it is worth investing if you are considering this investment for a long term.
    If you have money and need to put somwhere for long run, reality is the industry for you.

    Ofcource upcomming projects would come up in remote areas, as luxurious ammenities needs space and that huge sites are not available within the cities.
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  • Hmmm. Do u have idea for these 3 BHK Flat size ? Its less than 2 BHK size. Dont count your flat size by the no of room. Count using SQFT. These flat size is just 1000-1200SQFT. Thats the new trend of cheating people from the Great RE developer. And these Flats are build in a place where there is no basic facility too.
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  • Speculation

    These affordable projects are only for speculation.. I dont think anybody wanted to live in a 400sqft 1 bedroom apartment or 800sqft 3br apartment.

    It just another way for the builder to make large amount of money from a given land bank. Instead of pricing the normal size apartment lesser, they construct more apartments of small size and sell it the buyers. This way they can still make the same profit what they used to make in their heydays..
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  • Apart from Provident, who are the others? Provident's property is so far out near doddabellapur. How do we know how well integrated this will be to Bangalore in the years to come? It is over 21km from the airport (via a shortcut) as well. Has the govt planned any initiatives in that area? It looks to me Provident is funding some cash flow requirements of Purva in the short term.

    Who are the other 'affordable' guys?
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  • there's one called Evergreens by Ozone Group off Sarjapur road.
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  • Affordable Housing in Bangalore

    There are many developers and builders in Bangalore. And if you are looking for investment in real estate then go for outskirts because the price compare to construction in city is much lesser than in outskirts.
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  • Looked appropriate to post this here ....

    Folks,

    I was just checking the price Vs rent equation in one of the hot properties in Koramangala (whether we like it or not, its got itself a name) - Mantri Classic in ST Bed.

    Once upon a time in 2007 the quoted (and some say transacted) price in this project was around 1.3C - 1.5C. Today, the realistic price being talked about is 85L-90L. It is therefore around 30%-35% down from its peak. And the rental one can get in this place is anywhere from 35k upwards (one it was touted at 60k rental!).

    If we take 35k rental (or an annual 4.2L), we get a rental yield of anywhere from 4.67% to 4.95%. It looks like we are quite close the the long-term average of around 5%. The property needs to come down to 70L to give a 6% yield. But with such limited supply and most owners rather well off holding high paying jobs, its unlikely that price will decline that much. Maybe rentals may start climbing to meet yield norms.

    Anyways, does it therefore look like such property prices have come to within 10-15% of their lows? At least the mathematics say so ...

    cheers
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  • sowparnika ?

    Came across this name from a magicbricks ad ]http://property.magicbricks.com/microsite/response0609/sowparnika/index.html and the prices seem attractive..

    Anyone has any inputs on this builder ?

    Thanks! and the prices seem attractive..

    Anyone has any inputs on this builder ?

    Thanks!
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  • What's The New Topic Today?

    HelloI am a new member here and just wanted to say hi to everyone. What's the topic today?
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  • Different people different views from different experience. My opinion is:- Always buy apartments from a trusted builder depending on your affordability.

    Do your research thoroughly and look at the track record of the builder. Select one location. Enquire with 10 builders within the location, match the price, features, locality, what you liked or disliked. Then decide.

    Regards
    Shonu
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  • Resale Value

    Also, whenever you are buying, look for resale value also. XYZ builder, resale value is less.
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  • These are strategic purchases !

    Folks,

    Buy these as a strategic alternative. There are two purposes ...

    1. If I'm not sure whether I will land a job in Bangalore or Hyderabad, buy in Dodballapur since its almost equidistant!!! :D

    2. By the time civilization reaches these places, you will have neared retirement and only you and wife will be left (maybe even only one of you the way marriages are rocking today!). At that time you need only 400 SFt.

    These are the reasons you may buy these properties today ...

    cheers
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  • dodaballapur

    You never know. i heard many residential projects mostly high end projects , villas etc are coming up in dodaballapur main road side. Also the per. ring road.

    Also some builders have shown metro extension to IVC road in their location maps which would be 7-8km from the doddaballapur road.

    Also due to the presence of small-mid comp at dodaballapur industrial area side, we may see SEZ mainly MFG coming up in this side...

    This may take 5 yr time. Good for those who are looking for mid-term investment.

    Ashky
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  • it region in doddaballapur

    check this out....
    Times of India article....

    BANGALORE: The IT Capital is working hard to hold on to its investors and prevent them from being enticed to other emerging hubs. The latest sweetener is an exclusive IT space for investors near the `aerotropolis' Bengaluru International Airport (BIA). The IT region will be spread over 10,000 acres.

    The Information Technology Investment Region (ITIR), to be developed by state-owned Karnataka State Electronics Development Corporation (Keonics), is planned in Devanahalli and Doddaballapur region. As the area is near BIA, the region will be called `Bangalore-BIAL ITIR'.

    Keonics is identifying consultants to prepare a techno-economic pre-feasibility report to promote investments in ITIR, which include IT, ITES and electronic hardware manufacturing (EHM) sectors.


    Now what you say....

    Ashky
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  • ecoville near jalahalli is real worth having a look at. it is really affordable gated community and the builder is even throwing in a club house and a pool .
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