Feedback on Akshayanagar BDA approved layout near DLF

[snelgi]

Hi,

I have shortlisted a 30*40 property in Akshayanagar BDA layout (Yelenahalli) and the price is 5500 per sqft, appreciate your feedback..

Thanks,
Santosh

[Chida_gs]

Hi,

You can proceed for Purchase, this Layout is approved by BDA. Well connected to Roads (Near to Electronics city (7-8 Kms), Bannergatta Road (3 Kms)

When I checked in 2014 it was 3500 per SQFT. Didn't thought the Price will increase to 5500/-
Looks too Pricy, get the full documents from the Seller and verified once with BDA.

[snelgi]

Thanks for your input..5500 per sqft is too high and it's all because of brokers as they are buying from the owners @ 4200 - 4500 (agreement) and selling it to others with higher prices between 5100 to 5500..

[pnekkanti]

Akshaya Nagar is not BDA approved layout. It is DC converted sites with A-khata. I think BTM Residency is the only BDA approved layout in that area. For certain parts of Akshaya nagar additional legal due diligence is required.

[snelgi]

A portion of Akshaynagar on the opposite side of BTM residency (One need to take left before Yelenahalli bus stop) is BDA approved, there are couple of houses constructed already surrounding a park, I have seen the BDA boards as well..

[ghanashyam hegde]

I am planning to buy a plot in Akshaya Nagar. Can someone help me with the current market rate that is running around? I spoke directly to an owner via a broker who quoted Rs 5200 as his final price for a west facing plot. The plot is around 300 metres from Akshaya nagar main road, BBMP A khatha (documents seemed clear on first look). It is far from Raja Kaluve as well. I am just wondering whether its over priced, taking into consideration that its a little distant from both Bannerghatta road as well as Hosur road, and there is no plan of metro connectivity to that locality. Any feedback would be of great help.