Group buying of Site/Plot in Bangalore South

dhruva19
Posts: 6
Joined: July 11th, 2012, 1:41 pm

Group buying of Site/Plot in Bangalore South

Postby dhruva19 » October 2nd, 2012, 7:39 pm

Dear Friends,

I am planning to form buyers group[2 or 3 members only] for buying a big site and then share it later for house construction. We will buy a big plot like 3500 or 5000 sq feet at lower price than market and then subdivide between 2/3 group members. We have to ensure that the plot has road facing for 2 or 3 sides of the plot. Let me know if any one is interested. The site will be in Bangalore South between Electronic city and Kanakpura road surrounding the nice road areas.

thanks,
Dharmendra

jackalbda
Posts: 363
Joined: May 5th, 2009, 9:55 am

Re: Group buying of Site/Plot in Bangalore South

Postby jackalbda » October 3rd, 2012, 8:20 am

Personally , I dont think this is a good idea. Reasons I have heard/experienced from my friends are...

1. The relation ship between these share holders might not be the same all through the life. If you have conflicts, then it becomes difficult for you. You may argue that, its the same in an apartment also, but here the number of inmates will be very less and the association will be you folks only !!
2. Dividing a big plot into multiple, atleast in BDA areas, as far as I know, is not very easy. I dont know whether its possible itself, but if it is , there will be many hassles on the paper work side.
3. As far as I know, to execute a project like this, first you need to form a group and officially register it and then register it in that association/trust's name. This is what one of the friend me and I might be wrong here.

tamya
Posts: 49
Joined: December 12th, 2009, 10:00 pm

Re: Group buying of Site/Plot in Bangalore South

Postby tamya » October 3rd, 2012, 1:38 pm

Rather than splitting one plot, you can look into buying simultaneously. So that you can negotiate. This is possible only from developers who have multiple plots available.

Jkulkarni
Posts: 33
Joined: April 29th, 2012, 10:28 pm

Re: Group buying of Site/Plot in Bangalore South

Postby Jkulkarni » October 3rd, 2012, 4:45 pm

If there are enough people interested in this forum, we could look out for a non-converted land in yellow zone in Kanakapura road, form a society and create a layout on a not-for-profit basis. This will definitely work out a lot cheaper.

Sathyanaryan
Posts: 25
Joined: July 15th, 2011, 10:21 pm

Re: Group buying of Site/Plot in Bangalore South

Postby Sathyanaryan » October 4th, 2012, 2:25 pm

I would be interested in joinin the group.

sun
Posts: 221
Joined: March 6th, 2012, 11:46 am
Location: Bangalore

Re: Group buying of Site/Plot in Bangalore South

Postby sun » October 4th, 2012, 5:00 pm

If layout to be formed, I would join too.

mohan_hu
Posts: 62
Joined: August 18th, 2011, 12:33 pm

Re: Group buying of Site/Plot in Bangalore South

Postby mohan_hu » October 4th, 2012, 5:17 pm

I am also willing to join...:-)

movva
Posts: 5
Joined: July 19th, 2011, 8:26 am

Re: Group buying of Site/Plot in Bangalore South

Postby movva » October 4th, 2012, 8:29 pm

I am also happy to join friendly people society..Any further development in this regard then kindly send me a pm.

dhruva19
Posts: 6
Joined: July 11th, 2012, 1:41 pm

Re: Group buying of Site/Plot in Bangalore South

Postby dhruva19 » October 5th, 2012, 11:19 pm

Dear Friends,

I welcome constructive ideas like suggested in the above thread. I guess we need to float this idea among many buyer friends and also find a way to keep brokers / agents away . I believe we will need minimum of 10 members and maximum of 20 members to make this idea into reality. We also need a strong LEADER among us to kickstart and to keep the members together. I will discuss this idea with my well wishers and comeback very soon. Meanwhile I had seen a site in eagleridge resort in Begur koppa road with 3 sides road facing site of 5000 sq ft for 1 crore. So it just occurred to me that 3 folks can easily split a big plot like this for 35 lacs each[each portion facing the road]. May be a good lawyer can suggest a cost effective way of executing this plan.
Regards,
Dharmendra

Jkulkarni
Posts: 33
Joined: April 29th, 2012, 10:28 pm

Re: Group buying of Site/Plot in Bangalore South

Postby Jkulkarni » October 6th, 2012, 4:45 pm

In one acre we can form about 20 sites of 30x40 after leaving space for amenities as per BDA norms. That way yes, atleast 10-20 people would be required to start this group.

Here is a quick sheet to record interest:
https://docs.google.com/spreadsheet/viewform?formkey=dF9HdGdZYjdsSXZYd3NGLUNuRU1YYXc6MQ


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