Rashi Vistara
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4 insights shared by the community.
What residents appreciate the most
Despite current high prices, the broader real estate market in Bangalore is perceived to be in an upcycle, driven by significant migration into the city. This trend suggests a potential for continued outperformance and long-term value growth for properties in the region, with historical examples showing substantial appreciation over time.
Real estate is cyclical and we have witnessed an upcycle. With such heavy migration from other cities to metros they will continue to outperform.
My uncle's site which was bought in late 2010s for 400k is now worth close to 80 lacs.
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Where residents want improvements
The project has experienced a significant and rapid price increase, with reported jumps from 6.5k to 7.5k per unit in just two months. This escalation is attributed by some to broker manipulation, the creation of artificial demand by investors, or the developer's pricing strategy for subsequent phases (e.g., 7k for a second phase). Concerns are raised about the sustainability of these 'ridiculous' prices, with some suggesting the market might be an 'inflated' bubble fueled by black money and investor speculation, rather than genuine end-user demand.
Got to know from the comments that the promoter has planned for the second phase of the community and has priced it at 7k. Hence the increase.
I'm talking about the artificial price increase by the brokers and owners to spike up the prices. It takes a couple of uninformed buyers to fall for this and jack up the prices.
It’s the fake demand that brokers and builders create to run this mafia. Its investors creating the non existent demand to increase the prices.
The community is Rashi Vistara and it is on Magadi road. The asking price he was told was 6.5k which is negotiable. Today I get a notification from one of the many RE groups that a site is available for 7.5k.How can it increase by 1k in 2 months? This is just the brokers playing around.
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Concerns exist that purchasing real estate in the current Bangalore market, including properties within this project, may offer limited investment returns. High price-to-income ratios (above 3) and low rental yields (below 4%) are cited as factors that could cap appreciation at a modest 5-7% Compound Annual Growth Rate (CAGR) at best. Some opinions suggest that returns in metro cities have been 'abysmal' in recent years, implying that properties might be overpriced relative to their actual investment potential.
Anyone purchasing real estate on a Price to Income Ratio > 3 and Rental Yield < 4%, is locking money into an asset that will at max appreciate 5-7% CAGR.
Track the real estate market of metro cities in the past 4-5 years , the returns are abysmal
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The project's location on Magadi Road, near Tavarakere, is described as being on the 'outskirts' and not truly integrated into Bangalore proper. There are questions regarding the presence of new government projects or major residential/commercial hubs in the immediate vicinity, suggesting a potential lack of developed infrastructure or convenience compared to more central areas.
Has there been any recent announcements for new govt projects near by?? Or any infra firm planning for a major residential/commercial hub closeby??
The community is Rashi Vistara and it is on Magadi road. It is so close to Tavarakere, that honestly it's not part of Bangalore.
Keep it clear, factual, and helpful for other residents.