Saturday, 16 January 2010

Real Estate comparison in Bangalore and Trivandrum

This is a just my observation about the real estate market in Bangalore and Trivandrum. I recently bought a plot in Bangalore !( can not say it is in Bangalore as the place is very far away from Bangalore city.)

I purchased a 2064 sq ft in xxxxhalli :-) in Old Madras Road. It is very near to the Volvo factory in Bangalore. It cost me around 9 lacs. I am not sure whether it was a good deal or not. But later I found that the local people sold that area to the builders for about INR 225 per sq ft. This is a rough calculation. But having said that, I am getting the advantages of a fully built Township features at my place. So I am consoling myself. :)

I bought a flat in Trivandrum in 2008. It is a 3 BHK & cost me 34 lacs. Again at that time I was hoping to increase the price of flat in future, but now if I buy the same flat, there is hardly any change in price or no change.

But at that time I had inquired the price in Bangalore as well. The price is drastically changed during these period.

But I know that the market value for a city like Bangalore is nothing comparable to Trivandrum and again I will say that it is good that the flat price has not come down in Trivandrum even at the rescission time:)

2 comments:

nandanamconsultants said...

Dear Prashant,

Interesting post. Do you feel prices of your flat in Trivandrum have not appreciated? Trivandrum has given handsome returns to investors in last few years.

www.nandanamconsultants.in
www.trivandrum-realestate-news.blogspot.in

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