Is BDA site in Arkavathy layout worth investing?

gopinathpc
Posts: 6
Joined: March 17th, 2014, 1:10 am

Is BDA site in Arkavathy layout worth investing?

Postby gopinathpc » March 18th, 2014, 2:01 am

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
Posts: 234
Joined: May 9th, 2009, 11:32 pm

Re: Is BDA site in Arkavathy layout worth investing?

Postby parkom » March 30th, 2014, 10:31 am

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.
Last edited by parkom on January 9th, 2017, 12:21 am, edited 1 time in total.

gopinathpc
Posts: 6
Joined: March 17th, 2014, 1:10 am

Re: Is BDA site in Arkavathy layout worth investing?

Postby gopinathpc » March 30th, 2014, 7:52 pm

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

parkom
Posts: 234
Joined: May 9th, 2009, 11:32 pm

Re: Is BDA site in Arkavathy layout worth investing?

Postby parkom » March 30th, 2014, 10:24 pm

35L for a 20x30 sounds expensive! Have prices appreciated so much there now?
Last edited by parkom on January 9th, 2017, 12:19 am, edited 1 time in total.
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gopinathpc
Posts: 6
Joined: March 17th, 2014, 1:10 am

Re: Is BDA site in Arkavathy layout worth investing?

Postby gopinathpc » April 1st, 2014, 9:56 pm

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

knniranjan
Posts: 3
Joined: November 25th, 2013, 5:43 pm

Re: Is BDA site in Arkavathy layout worth investing?

Postby knniranjan » April 2nd, 2014, 12:05 pm

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
Posts: 14
Joined: March 8th, 2014, 12:13 pm

Re: Is BDA site in Arkavathy layout worth investing?

Postby lordsn » April 3rd, 2014, 7:30 am

@ parkom

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

gopinathpc
Posts: 6
Joined: March 17th, 2014, 1:10 am

Re: Is BDA site in Arkavathy layout worth investing?

Postby gopinathpc » April 3rd, 2014, 8:05 am

@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
Posts: 3
Joined: November 25th, 2013, 5:43 pm

Re: Is BDA site in Arkavathy layout worth investing?

Postby knniranjan » April 12th, 2014, 10:50 pm

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
Posts: 24
Joined: October 7th, 2014, 9:16 pm

Re: Is BDA site in Arkavathy layout worth investing?

Postby lensond » November 13th, 2014, 6:53 pm

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.


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