Is BDA site in Arkavathy layout worth investing?

[gopinathpc]

I am planning to invest in a a 20X80 BDA site in Arkavathy layout.
I got an offer for about 35L (including registration). Is this worth investing for medium term (2 to 3 years)?
Will this area be fully developed in 2 years?

[parkom]

Hi Gopi, I would assume the 20x 80 was a typo and you meant 20x 30? I have only come across 30x40 and 40x60 sites that have been alloted under landlord's share in Arkavathy. Please reconfirm on the the site size and where exactly is 19th block.

[gopinathpc]

Sorry it was a typo - it should be 20X30. I don't have the location where exactly the site is.

[parkom]

35L for a 20x30 sounds expensive! Have prices appreciated so much there now?

[gopinathpc]

Sorry. It's actually in 19th block (not 9th block). Do you know if HDFC has approved this layout for loans?

[knniranjan]

Hi Gopi,

Investing is worth given the location(North bangalore) of Arkavathy layout. Only thing is we have to wait for the development from BDA

@Parkom --> I too purchased a site (30*40) in 18th block opposite to mantri splendour. Let's catch up some time

[lordsn]

@ parkom

Do you have the layout plan of Arkavathy layout. If yes could you please post it. Thanks

[gopinathpc]

@Niranjan
Given that I would be paying Rs 5500 psft how much appreciation one can expect in 2 years or so?
Are there houses already constructed in 19th block?

[knniranjan]

Hi Gopi,

5,500 per sft is very costly to purchase. I think current price is between 4000 to 4500 per sft. If the market continues to be good, Price is expected to be 5500 to 6000 per sft after 2 years. If you can keep it for longtime and 5500 persft is in your budget you can go for it.

I am not sure about houses being constructed in any of the arkavathy blocks. Basic amenities development is still in progress. But I believe surrounding areas of most of the arkavathy layout blocks are either developed or being developed.

[lensond]

hi, I am planning to buy a plot of 1200 sqft for Rs. 5000/ per sq. ft, is the price is ok? Owner has got BDA NOC, is it safe to buy so that no more legal/denotification problem.
Please advice.