rate in anjanapura

[rewatcher]

What is the ongoing rates in Anjanapura First block for a 60*40 site? Also, how is the first block compared to other blocks? any inputs appreciated.

[yougetme]

[Jairam21]

Hello All,
Please let me know what is the ongoing rates fo BDA sites in Anjanapura?? The govt guidance value is 1100 per sqft.
So what extra premium we have to pay over this guidance value in Anjanapura.

Thanks and appreciate your response.
Jairam

[suglb6]

There is news in recent news papers that govt is going to downgrade the guidance value in April. The Reason being BBMP/BDA unable to meet the targets (short by good margin) for stamp registration collection for the current financial Year as there are no buyers.
In my opinion, Its better to wait and watch !

[msn1270]

If Government reduces the Guidance Value, Its may be a good move. But no body knows how it improves the market condition. Since all the developers are selling their projects, far above the Govt Guidance value and they make legal paper transaction only at Guidance value. Unless developers reduce their base price, market sentiments improvement chances are very very less. if they reduce their base price, that makes more sense rather than demanding Govt to reduce the Guidance Value, single registration charges for land+Built-up area...etc.

Secondly, this reduction is application for the entire real estate sector or only for apartments, is still a million dollar question??. Remember, Last time also Govt reduced Stamp duty from 7% to 6% only for apartments(that also in 2 steps. Initially for Resale apartments only and later for the new one also). Its mainly because of the lobby/pressure/pleasure from the Real Estate developers community to boost their business. Still nobody has come up with statistics about the response fo the Real estate Transaction based on the outcome of the reduced Stamp Duty.

This is mainly becuase couple of high profile builders are in pathetic condition as there is no sales in their projects even when they are ready to offer their units at guidance value rates for full cash transactions and they're desperately approaching the authorities claiming their project location is not a posh Grade A & B locality and the current Govt guidance value is not reasonable......etc and requesting Govt to reduce the Guidance value for their project(these are individual project requests).

[msn1270]

If Government reduces the Guidance Value, Its may be a good move. But no body knows how it improves the market condition. Since all the developers are selling their projects, far above the Govt Guidance value and they make legal paper transaction only at Guidance value. Unless developers reduce their base price, market sentiments improvement chances are very very less. if they reduce their base price, that makes more sense rather than demanding Govt to reduce the Guidance Value, single registration charges for land+Built-up area...etc.

Secondly, this reduction is applicable for the entire real estate sector or only for apartments, is still a million dollar question??. Remember, Last time also Govt reduced Stamp duty from 7% to 6% only for apartments(that also in 2 steps. Initially for Resale apartments only and later for the new one also). Its mainly because of the lobby/pressure/pleasure from the Real Estate developers community to boost their business. Still nobody has come up with statistics about the response fo the Real estate Transaction based on the outcome of the reduced Stamp Duty.

This is mainly becuase couple of high profile builders are in pathetic condition as there is no sales in their projects even when they are ready to offer their units at guidance value rates for full cash transactions and they're desperately approaching the authorities claiming their project location is not a posh Grade A & B locality and the current Govt guidance value is not reasonable......etc and requesting Govt to reduce the Guidance value for their project(these are individual project requests).

[suglb6]

I agree with msn1270.

[polu]

Is it worthful to spend 1500 to 1600 in anjanapura 1st and 5th blocks on an East facing 30X40 sites. Please let me know. I am quite new to this layout and got the above mentioned deals. Can I go ahead.

Thanks.

[pragyan]

I had been to anjanapura, 11th and 10th block have few houses(approximately 10).
The brokers were quoting around 1800-2000 sft, i did not find the connectivty to other parts of the city(only exception being NICE road) convenient and its far from proposed METRO(app 5kms). The only connectivity from 11th,10th,9th,,to banerghatta road is thru Gottiger.

[PlotGuy]

Could you tell me where the connection to the NICE road is, in Anjanapura ?