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What is the future prospect of row house in LGCL Pueblo?- Property Hotline
Posted
July 26, 2016
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July 26, 2016
537
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5:03Now PlayingBe Un Confused
Expert: Jayashree Kurup, Head of Content & Research at Magicbricks.com .
Question: I bought a row house in LGCL Pueblo in Rayasandra, Bengaluru. Possession was expected in 2014 but has been delayed. Should I hold or sell? What are the future prospects of this property?
Answer: LGCL Pueblo is located at Nagnathapura, Off Sarjapur Road where a large number of IT buyers would be interested. The developer says that the project will be delivered in Dec 2016. This is a luxury project of 59 villas on 4-acre priced between Rs2 - Rs2.56 crore. The villas are of 2483 - 3027sq. ft.
Amenities provided in the project include a Club House of 10,000 sq. ft., Gymnasium, Billiards, Swimming Pool, Table Tennis, Kids Pool, Garden, Children Play Area, Party Hall, and Banquet. The luxury market in Bangalore is slow and over-supplied. Appreciation is likely to be slow. You may have to hold for at least 4 -5 years to get good returns.
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