POSTED BY November 16, 2012 4:55 pm COMMENTS (3)ON
I am planning to buy a plot in a gated community in Bangalore, there are builders offerring prices around Rs 400- Rs 900/sq-ft. These communities are mainly located on the outskirts of Bangalore – near the new Airport, Belandur, off Sarjapur, Chikkaballapur, Doddaballapur, beyond Hosur, etc. I am looking at it solely for investment purpose. I want to know how safe is it to invest in a plot in a gated community, are these communities legal. Will the rates appriciate and how easy or difficult is it to re-sale the property. They offer close to 100-200 plots of varying sizes and are usually spread over a land of 25 acres to 100 acres.