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- Eventhough some cons like water, low level car park., etc... They ase saying Rs. 5200 Sq ft. Is it worth buying at this rate and how about rental options in two BHK in karapakkam?CommentQuote0Flag
- As a buyer, with an intention to close the deal within 6 weeks : I had been to Bhaggyam Pragathi & Doshi Risington, a couple of weeks ago.
Doshi Risington : Yes, they have a nice mini theatre and a nice sales pitch video. But apart from that, my first impression or my intuition says it is not a great investment idea for following reasons
A. They are building only 3 blocks now, all a bit away from OMR - facing the marsh land.
B. The Sq feet rates are misleading. (They have additional 140 rs/sq feet as floor rise charges, or as "lawn frontage" charges). Given the market rates it does not sound sensible enough to go for this property.
C. They are also planning a commercial space in teh same complex, which would be open to public. (whenever they builld it and whenever they complete it).
D. At current stage, i do not see them handing over (in half baked state) atleast a year from now.
On the other hand, Bhaggyam Pragathi - was spacious room design, and was in a better stage of completion. @5000/Sq.ft (after negotiations), you could complete the entire investment (Including registration) at 73-75 lakhs - as against 89-110lakhs in Doshi Risington. Pragathi (Next to Saravana stores) is a bit inside (some 600 metres away from OMR) - but given the IT population, i am 110% sure it will yield the same rental income.
My humble opinion : Doshi Risington is not worth it. Atleast from my perspective.
Disclaimer : I am neither related to Bhaggyam Pragathi, nor to Doshi Risington. Just my opinion, as a buyer.CommentQuote0Flag