Ajmera Housing (Ajmera Stone Park Apts) review

Review On Ajmera Housing Corporation, Bangalore

Ajmera Housing(Ajmera Stone Park Apartments) review

Ajmera Stone Park:

As of last week of June 2016.

2 BHK – 50 Lakhs Onwards

2.5 BHK – 55 Lakh Onwards

3 BHK – 60 Lakh Onwards

Ajmera Stone Park Investment Highlights:

Pros:

Proximity to offices in Electronic City

Hopefully phase 2 metro station at Electronic City will come up soon.

Touching Makkah Masjid Road, you can easily reach out to Makkah Masjid which is 300 mtrs from Ajmera stone park apartments. With religious prayers you will not have any problems getting up early in the morning to a fresh new day.

Cons:

1. Being in front of Shikari Palya /Golahalli area which is a below-poverty-line area(almost slum area) where you would like to invest such amount of money hoping that it can be called an investment.

   
   




2. There is no BWSSB board, borewell or any drainage in the area. The builders are saying that they will plan something in future which is a lie. So get ready with your money to pay huge live-in charges, tanker water charges and more for sewage disposal.

   
   




3. Heard of some court case / litigation going on for usage of facilities of Ajmera Inifinity.

   
   




4. Check the size of car parking as it is difficult to park a Tata Nano in the 4-wheeler car parking space.

   
   




5. For every discount and promise, ask the marketing team to confirm the same in writing else forget about that commitment.

   
   




6. Lack of public transport / taxis etc in the area.

   
   




7. Large number of mosquitoes being side of Shikaripalya lake. Every evening you will be surrounded by 100 to 200 mosquitoes per house.

   
   

India Property Bubble: / Bangalore Property Bubble

This is a known fact which you might have seen in newspapers and on TV also. Housing prices in Bangalore did not have any correction and now while Information Technology(IT) sector is facing few bumps, housing is all set to crash.

This is just a caution to new IT sector employees who are thinking of buying a house. These prices are expensive and if you see the Housing Residex Index,  the prices have started falling. which will continue for next 5 - 7 years.  So if you want to buy a house, postpone it till 2025. You will get it at the same rate if not cheaper. Meanwhile you can keep the money in a Bank Fixed deposit earning 7-8% interest p.a.

Whether to purchase a apartment in Ajmera Stone Park:

If you have read the above, you have your answer. After all everybody wants to make a good and informed investment, so make your decision wisely.

Please rate and comment below with additional info.

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