September 5, 2016
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4:10Now PlayingExpert: Arvind Nandan, Director, South Asia - Value & Advisory Services at Colliers International.
Question: I have shortlisted L&T Raintree Boulevard at Hebbal in Bengaluru. Is it a safe investment?
AnswerHebbal has some highend developments, and it is a premium township of 65 acres. The average price is about Rs7,000/sq. ft. with large 34 BHK apartments of areas around 2,500sq.ft. It is being developed by L&T Realty and is expected to give possession in over 3 years from now. There are rumours and discussions of this as well as numerous other projects having encroached lakes and Raja Kaluves (storm water drains). It is difficult to comment with full authority regarding its allclear status, but you should verify by checking the government record from
Be Un Confused
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