Owners of Anjanapura layout

[gowda_sree]

HI All,

Sorry for not communicating the instant changes in BWSSB and BDA officials appointments.
Yesterday we met BDA South EE Mr. Raghu at BSK-II Office. Finally BDA agreed to our demand to meet Lay out residents and Site Owners either 1st or 3rd Saturday of Every month to discuss and review the Basic Amenities.

Sreedhar

[gowda_sree]

HI All,

Govt. has revised Lay out guidance value from Rs.1100/- to Rs.2200/- per Sq Ft.


Please find details in attached document at Page no. 85

934 - III Jayanagar.pdf

New Guidance Value

(950.35 KiB) Downloaded 693 times

[pschidu]

Can somebody post current pictures of progress in the layout? Roads , Bmtc depot etc?
Guidance value increase. This is a great news indeed. More of white money transactions. But how does it impact the prices?

[msn1270]

Personally I feel Compared to SMV Layout & BSK 6th Stage, developments in Anjanapura is very very slow. Only 10th & 11th Blocks are bit descent due to nearest connectivity to the Bannerghatta Road. 4th Block is bit encouraging. Otherwise most of the blocks are simply vacant. Still very distant from livable condition.

Regarding the revised Guidance value, it discourages both the seller as the Buyer. Seller has to disclose and pay 100% more the Capital Gain tax and Buyer has to pay the 100% more Registration + Stamp Duty. Even though Government hopes for higher revenue with the revised Guidance Value, in reality, In the near future this will reduce/slow down the actual number of real estate transactions for couple of months to years. Hence effectively Government will earn the same revenue as earlier or even lesser.

More over the current economic scenario which is crawling may also affects to the real estate market & it may take 1-2 years to see any improvements in real estate based on the new Government initiative at the centre & change in the country's economic condition.

[shivabda]

I agree msn1270 still long way to go for livable condition
Anjunapura don't have Basic Amenities,
pls add 2nd block development also
Anjunapura most of the site are only for investment purpose,
Unless all think to built house & fight for basic amenities

[PlotGuy]

msn1270 - Development will eventually happen but I agree - It is not livable at the moment(after 10+ years of forming the layout). As to the increase in guidance value, I believe that is a good thing. Rs 1100 was too low.

[gowda_sree]

Hi All,

Your not livable comments are not applicable to 10th and 11th blocks, may be true for other blocks. Now all internal Road Asphalting work will be starting soon by BDA in Further extension at the cost of Rs. 18 Cr. 80ft connecting road work Bannerghatta road is under progress expected to complete in 2 months. DPR submitted by BWSSB to BDA last week

Few of the real estate people wants to create panic by giving generic statement, so they can take advantage and invest.

what else you need to start living in 1 or 2 years.? BDA will not construct and give us house right? it is our job to construct houses.

Sreedhar

[pschidu]

AFA DMV is concerned litigations are there and progress is not great. Those sites are in middle of no where. I would say the prices are hyped up there.
Bsk 6th stage is as gud as anjanapur a once this 80 feet road gets operational. In the long run it will fall behind. Reason is it is far away from industries and work places.
Anjanapura is ur best bet as it has more than doubled its value in less than 2 years time. I am repeating myself, invest low and sell high.

[msn1270]

Its always chicken N Egg story.

In these areas, only those who can manage their dialy needs having their own transport(4 wheeler or atleast 2 wheeler) can only build their homes. But those who have those(Upper middle and high Income Group), prefer to stay in apartments for safety reasons rather than in individual houses. Of course there are exceptions and brave hearts who makes rare initiatives.

Again those middle class & below people waits for a descent Public transport facility, BWSSB Water connection, access to Educational institutions, primary health centres, daily needs shopping facilities....etc to start their construction. So the occupancy is really matters even though these layouts were formed more than a decade back.

In contrast, most of the SMV Layout 1st, 3rd, 5th, & 8th block are filled now with all descent public needs/amenities. One reason is its located along the Outer Ring Road stretch & a presence of an acceptable public transport facility. Same is not the case for Anjanapura or BSK 6th Stage.

[krn]

Presently anjanapura may be underdeveloped.But in two years with the expected completion of works like 80 ft road,bwssb pipeline and water connection,bmtc bus depo,rs 18cr worth of works by bda etc,it will be sufficiently developed.
Inthe last 10 years stamp duty&registration charges have come down from 10.5%+1%to5.6%+1%,guidance value has increased from 160 to 2200,BUT REAL ESTATE PRICE IN ANJANAPURA HAS GONE UP FROM 500 TO3500.This in spite of so called recession,change of governments,policies,underdevelopment etc.
Anjanapura will develop by leaps and bounds in the coming years due to its proximity to IT corridor,nearness to both bannerghatta and kanakapura roads,metro coming up nearby,etc.
It is BDA areas like rmv extension,jayanagar,banashnkari,koramangala,vijaynagar ,btm layout which are commanding premium prices inthe market today.These areas also took 15 to 20 years toFULLY develop.Have patience and wAIT..