We bought something new!!
Yes , there is some exciting news. We bought something new..we bought a house! We had been looking to buy a house for more than an year. We were just exploring and not in a rush to buy. We had made up our mind to only buy if we saw value in a property. Sometimes we left the real estate prices were crazy and inflated beyond bounds. For a villa project, even during a pre launch state, the starting price would be 1.5 cr. It never made sense to us.We started our hunt keeping a budget of 40L and finally we managed to cross 60L.
The first project that we saw was Ganga Vertica, a project by Goyal Ganga group at Ecity. For a 2 BHK of 1015 sq ft the price quoted was close to 46 L.
Next up was Patel reality's Spondovil. A ready to move in flat of close to 800 Sq ft was for 42L. Although it had lovely window seats in all the three rooms, the major drawback was it had no balcony. Still we were contemplating on buying it because it was a ready to move in property and we could save on the rent. Now when i look back, I think we made the right choice by not going for it, would have been too cramped and would have been just waiting to move to a bigger place. However it had its plus, it was a property that would have appreciated much faster.
Then we started exploring properties in the north of Bangalore. We went all the way to visit Provident Wellworth. It seemed decent for the price however it was way out of the city. From future growth perspective it wasn't a very bad option as it was closer to the airport.
Another project that we absolutely loved was Zed collective. This was the first project that we just stumbled upon and was a lucky discovery. We were absolutely in love with it. Wooden floors, spacious 3 BHK. We also made an offer and were in discussions with the owner however it didn't work out.
Guess , we are made for lucky discoveries and that's how we landed at our current house. We had come to explore a different project by the name of Prakruthi Solitaire.We liked the project and the expected date of completion of the first phase was in about 6 months time. We felt that the price quoted was slightly expensive for the locality. On our way back we were just exploring the neighborhood when I spotted a sign board saying "2 BHK for 20 L" I thought what the heck , lets check it out. Area of 800 sq ft however didn't have a balcony. Not a bad option if you want to purchase it for letting it out on rent. Just opposite to the apartment were some cute looking villas. Saw another sign saying Villa for sale. I knew M was reluctant, but he went anyways. He asked me to guess the price of the Villa. I was tired of builders not quoting less that 1 cr for any villa project.So I was like, may be close to 1 cr. So when we came to know that it is for 62L, we got excited. Although it was way above out budget of 40 L, we saw value in it. For 62L we were getting a 1775 sq duplex house along with 1330 sq land. We were sold!!
The first project that we saw was Ganga Vertica, a project by Goyal Ganga group at Ecity. For a 2 BHK of 1015 sq ft the price quoted was close to 46 L.
Next up was Patel reality's Spondovil. A ready to move in flat of close to 800 Sq ft was for 42L. Although it had lovely window seats in all the three rooms, the major drawback was it had no balcony. Still we were contemplating on buying it because it was a ready to move in property and we could save on the rent. Now when i look back, I think we made the right choice by not going for it, would have been too cramped and would have been just waiting to move to a bigger place. However it had its plus, it was a property that would have appreciated much faster.
Then we started exploring properties in the north of Bangalore. We went all the way to visit Provident Wellworth. It seemed decent for the price however it was way out of the city. From future growth perspective it wasn't a very bad option as it was closer to the airport.
Another project that we absolutely loved was Zed collective. This was the first project that we just stumbled upon and was a lucky discovery. We were absolutely in love with it. Wooden floors, spacious 3 BHK. We also made an offer and were in discussions with the owner however it didn't work out.
Guess , we are made for lucky discoveries and that's how we landed at our current house. We had come to explore a different project by the name of Prakruthi Solitaire.We liked the project and the expected date of completion of the first phase was in about 6 months time. We felt that the price quoted was slightly expensive for the locality. On our way back we were just exploring the neighborhood when I spotted a sign board saying "2 BHK for 20 L" I thought what the heck , lets check it out. Area of 800 sq ft however didn't have a balcony. Not a bad option if you want to purchase it for letting it out on rent. Just opposite to the apartment were some cute looking villas. Saw another sign saying Villa for sale. I knew M was reluctant, but he went anyways. He asked me to guess the price of the Villa. I was tired of builders not quoting less that 1 cr for any villa project.So I was like, may be close to 1 cr. So when we came to know that it is for 62L, we got excited. Although it was way above out budget of 40 L, we saw value in it. For 62L we were getting a 1775 sq duplex house along with 1330 sq land. We were sold!!
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