Current rate for 60 x 40 In 11 block

[avav]

Hi all,
What is the current rate in 11 block for 60 x 40 site in 11 block ? I am looking this site for construction of house.
How long this area will to take to develop?
Can we build house in next one or two years?

A.Venkatesha

[yashmys]

Around 1800 psft

[PlotGuy]

Getting a plot for Rs 1800 is not realistic in 11th block.

[yashmys]

what do you think is the running price?

11 block is still a vast waste land with no house, water and electricity.

[pschidu]

Running rates may be around 2200-2300psft this was about 2-3 months ago.

[singadi]

A month back it was in the range of 2300/sq ft. Not sure which direction it has gone now...north or South. I feel it might have gone up......

[PlotGuy]

Singadi and pschidu are right. The rates in 11th block are higher but that doesn't mean sales are happening, which is a conundrum. Sellers want higher price but there aren't many buyers especially for 50x80 and 60x40 plots. I met a person who has a plot in 11th block and was asking 2400 for his 50x80. He said he needs money urgently but couldnt sell for 6 months or more.

[pschidu]

A person in Urgent need of money would have come down on the price to sell. As he has not come down on asking price in 6 months either he is not in urgency or he knows his land's worth. But to say that sales are not happening may be bit of an oversight.

[PlotGuy]

He was willing to come down but I didn't offer a price because I can't afford a 50x80. Recent sales in 11th block has been for less than Rs 2000. I can personally vouch for this. This was before the Metro Phase 2 approval.

[pschidu]

I am not sure what plotguy is trying to say here. lets put all doubts to basket. whatever said and done, it is extremely difficult to get a plot below 2200 in 10 and 11 blocks whatever the measurements may b.