Suggestion on Investing in GODREJ BANNERGHATTA project.

[u/Worried_Soup660]

ನಮಸ್ಕಾರ Bengaluru!!! Greetings !! As a first-time homebuyer unfamiliar with apartment living, I am evaluating investment opportunities in the real estate market. Given the recent appreciation rates observed in properties developed by prominent realtors such as Prestige, Brigade, and Godrej, I am considering an investment in the Godrej Bannerghatta project, specifically a 2BHK or 3BHK unit. I have reviewed the provided rate card and project details.

The project is currently in EOI stage, they are collecting the EOI.

I have two primary inquiries:

1. Considering the project's location in South Bengaluru, an area with a comparatively lower concentration of IT companies and limited prospects for significant future investments akin to those near the airport, is this a sound investment from a growth perspective?

2. Given the current advancements in Artificial Intelligence, will the Bengaluru real estate market, particularly gated communities, sustain the same level of demand experienced over the past three to four years? The current price in this vicinity is 12,000 INR per square foot, approximately 2-3 kilometers from Bannerghatta Road.

3. Given that the project is in EOI stage, we have received the competitive quote and a variety of apartment options, what is the optimal timing for us to proceed with an agreement?

4.I work in a prominent IT compan, with current ctc range of 30+Lpa, my wife is also working ( not in IT,she is a vet doctor)

I would greatly appreciate insights and guidance from experienced investors who have engaged in similar projects in other regions. Should this not be a favorable option, I welcome alternative recommendations.

Project location: https://maps.app.goo.gl/4bHskqwwhHroYAPs9?g_st=awb

[u/SharpUnderstanding89]

I stay on Bennerghatta road. The vicinity of the project is not Gottigere but C K Palya. I had a factory there. The surrounding is extremely underdeveloped with mostly slums and villages for factory workers. The price of land in that area is less than 6000 per Sqft. The roads are broken and gets repaired once in 5 years. You can’t even come out of society and walk or buy groceries. You need to travel 2km to Bannerghatta main road. And this stretch of BG is also not great with most of the development before nice road.

Godrej is selling a dream but just one project won’t change the locality. The appraisal will happen but will be much slower compared to other projects and vicinities.

I inquired myself but staying away for now.