JP NAGAR 9TH PHASE I BLOCK

[vijay.kumar]

Dear Friends,

Greetings! Wishing you a Happy and Wonderful New Year 2013.

I am interested to purchase a BDA property. During the search, a broker at JP Nagar 9th Phase area, has shown a plot 30 x 40 - North Facing - Opposite to HML City Apartment at JP Nagar 9th Phase I Block - BDA Site at a price of Rs.3500 Per Sq Ft. Kindly advise / share your info with me on the following:

a) Whether this price is worth?
b) Whether any Metro hit is expected?

Thanks and regards, Vijay

[jackalbda]

When you go from Jambu Sawari Dinne to Konankunte, HM World City comes on your left side. Are you talking about the area which is the right side of that main road? I had seen some plots recently there , for my brother, but dint like it because the roads were not having the minimum width prescribed by BDA. Though I dint measure it, it looked really narrow to us and we skipped the area.

[rjblr]

Hi jackalbda,

How are sites on the road that connects Jambu Sawari Dinne to HM World City? I think they can be used for both commercial and residential. What would the price on that road for sites? Are sites available on that road itself? Last I visited the area, I did find some that some shops have come up around midway between Jambu Sawari Dinne and HM World City.

[jackalbda]

I am not sure of the zoning (BDA) of that area. Based on that only we could conclude as it can be used for commercial or residential. Again not sure of the price of the commercial plots there. Even I would be interested to know the commercial pricing there , in that road. If you get to know about it , please share it.

[rjblr]

Sure I would.
I had enquired around 2-3 years back. That time market was down. Proce quoted was around 1800-2000psft. But I did not proceed with it. Prices have gone much higher since then. Even BDA sites 50ft from that road used to be 2000psft back then.

I had spoken to a broker who was very active in that area. I will try to find his number and try contacting him.

Do you think investment on that road would be worth it if I am willing to hold on for 3-4 years?
By that time the area should have many more houses built. That may spur commercial activity as well.

[jackalbda]

I personally feel ( no high fund calculations ) that this area would go really commercial and there is immense potential for growth. Had I got money, I would have gone for a small commercial plot here. At present, I dont expect the commercial rate to be anything lesser than 5k psft there.

[rjblr]

That would be beyond my budget.
Let me speak to few guys and find more on pricing and availability.

[rjblr]

Tried reaching out. the broker said the price should be in the region of 5k/sft. but none available. I think at this price, one shuld only invest if he plans to build a commercial building and rent it out. But you may have to wait for 2-3 years to get good rental.

[rkrishna]

"I am interested to purchase a BDA property. During the search, a broker at JP Nagar 9th Phase area, has shown a plot 30 x 40 - North Facing - Opposite to HML City Apartment at JP Nagar 9th Phase I Block - BDA Site at a price of Rs.3500 Per Sq Ft. Kindly advise / share your info with me on the following:

a) Whether this price is worth?
"
Is this is immediately after lake front phase III (next to Nilgiris) between 8th block phase II and the lake?

A year back, lake front phase III was quoting in the 3.2 -3.5 K range. The above price seems reasonable given that it appreciates 10-20% every year.

"
b) Whether any Metro hit is expected?
"
What is metro hit? Namma Metro is planned along Kanakapura road and Bannerghatta road. It is at least 3 KMs from this site.

[nsharab]

What is the current prices at JP Nagar 9th Phase 1st Block... I am surprised to see somebody quoted 4.5k.

Please respond.