One of the feedback that I received after the last two posts is that – it is good to know what happened – but tell me where I can invest now and make similar returns.
So I am sharing one good property idea where you can make returns similar to the one I shared recently.
Prestige Shantiniketan is a well know property in Bangalore. This is the property where my friend made 65 lacs out of an investment of 35 lacs over 7 years (please see my blog dated Sept 21st 2013).
Now Prestige builders are coming up with a bigger property than Shantiniketan. It is called Prestige Lakeside Habitat. It is in a good location off Varthur lake in Whitefield area – the total land area is around 120 acres. They are planning 28 towers with a total of 3500 apartments – there will 2 bhk, 2.5 bhk, 3 bhk and 3.5 bhk apartment options. Then there are 350 villas. The apartments would cost between 60 lacs to 150 lacs (4300 – 5000 per sq ft) and the villas around 2.5 cr to 4 cr (7500 -8000 psft).
The project will take 5 years for completion – so it will be ready by 2018 end.
The builder is likely to launch the project on Oct 20th – if you want to book a flat, you need to pay Rs 5L while booking and if you want to book a villa – you need to pay Rs 10 lacs.
I expect the property value to double by the time it gets ready in 2018. So if you have invested 60 lacs (paid over 3-4 years), you can take a profit of Rs 60 lacs by selling the same flat in 2018. This is my forecast – the location, the builder credentials, the size of the property is what makes me so sure.
So depending on your ability to invest next week and also your ability to arrange funds in the 3-4 years, I recommend you to book a flat or villa.
If you want more information on this – please do reach back to me at firstname.lastname@example.org or Varun Rajaratnam at email@example.com (ph - 9945950109)– Varun is my ex-student and works for Four Clover in Bangalore and I trust him with good honest advice in real estate.