Buying a plot in a gated community

POSTED BY Swati S ON November 16, 2012 4:55 pm COMMENTS (3)

Hi All,

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.

3 replies on this article “Buying a plot in a gated community”

  1. Biswa Singh says:

    This where these lawyers can help you. If the documents are clear then there is no issue in reselling. If you want you can check with http://www.propmart.com/default.asp for the services they provide in buying property.

  2. Biswa Singh says:

    Its not a bad idea to buy a plot in a gated community but you need to hire a good lawyer to verify the papers. The rate appreciation depends on the place, infrasturcture, future prospect.

    1. Swati S says:

      Thanks for the reply.

      I have read in a few forums related to real estate which suggest that these gated communities are not completely approved by government bodies. I am more concerned about the fact that since I will be solely buying it for investment purpose, will it be easy to sell this plot a few years later.

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