Purvankara Westend(Purva Westend), Kudlu gate, Bangalore, real reviewBuilders: Purvankara Builders, Bangalore Updated June 2016
Address: Hosur Main Road, Kudlu Gate Junction, Opp. Toyota Showroom, Bengaluru, Karnataka 560068
Apartment Sizes:2 BHK=> 1194 - 1336 sq.ft
3 BHK Apartment=> 1427 - 1906 sq.ft
Amenities:Garden, Swimming Pool, Tennis Court. Gymnasium, Power backup
Location: Kudlu Gate, Hosur Road, BangaloreThe project spread across 8 acres will offer about 600 apartments in 2 & 3 BHK configurations across 7 towers.
Nothing spectacular about this project, the rates are high and there is now some litigation with this property, needless to say there will be delays. This project is not worth the money even for 50% discount in prices. Simple and straight forward.
=Investment /Purchase in Purva Westend(Purvankara Builders):==It would be best to keep away from Purva Westend project, its just my personal opinion.
Pros/Benefits: Location wise, it is on the main road with easy access to Electronic City as well as Kormangala and HSR layout.
Near the “Proposed Phase 2” Metro-station which should come up in the next 10 – 15 years.
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Cons:= Being on the main road, dust and noise pollution is definitely an issue which is not worthwhile for family living.
Water shortage is a problem everywhere and it seems there is no specific arrangement for water to the residents which is approx. 600 flats(apart from the regular water harvesting and few bore wells)
High maintenance costs as with other similar projects.
3 years of delay as with most other projects
Investment and pricing of Puravankara Westend, Bangalore:As on October 2013: Indicative base price range Rs 4390 – Rs 4750 per sq.ft
As on May 2016: Indicative base price range Rs 5500 – Rs 6000 per sq.ft
Nobody would buy such high priced property when many properties are available in the range of Rs 2800/- per sq ft. It is only the brokers and agents trying to push up the prices to get a higher cut from the builder on sale of any flat.
Even at 50 lacs, I would suggest to keep away from this property, it seems water is another problem for this project.
Litigation: 2 acres land is under litigation(so I have heard) and it seems the problem will NOT be sorted out soon. Investment in this project is a “Dead Investment”
Layout Plan changes:Tower “F” seems to have come up from nowhere. It was never there in the original plan. This has been started without consulting the ones who booked before. Now the open areas will definitely be less.
The work does not seem to be progressing and the delivery of the project is definitely doubtful.
JUST AS A CAUTION:=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.
My personal opinion is
"NOT TO INVEST YOUR MONEY ON
PURVA WESTEND" . rather it should have been named
"PURVA WASTELAND"Please rate and Let me know your comments / updates.
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