Khanapur Road, Civil Hospital Road hot cakes: Belgaum real Estate update
9:51 AM Posted by ukmad
Civil Hospital Road (Dr.Ambedkar Road) the rate has touched Rs.35 lakhs per guntha, that’s a whopping 3215 per Sq.Feet on the other hand its rival competitive Khanapur Road which boasts of Ambani, Tata, Birla & Biyani on the same road now costs Rs.30 lakhs per guntha, that is Rs.2755 per Sq.Feet.
Now to me, that is a lot of money. Lease rentals are between Rs.50-65 per Sq.Feet. Due to the price rise on Khanapur road, the prices in the internal roads have also increased to about 12 lakhs per guntha.
Heard the Nucleus mall is asking for Rs.10,000 per Sq.feet for out right purchase.
The increase in the price has been very rapid. In the past year, it has risen by 25 to 50%. Is this good or a bubble which will burst nobody knows, at least I do not know.
I request you readers to put in your views on this.
With inputs from Tarun Bharat.
August 11, 2008 at 10:32 AM
Belgaum the city of greenery is slowly converting to concret jungle. All these real estate people should be properly scruitinzed by the authorities before giving them permission to start construction. Obviously after this the cost of living will go up and without proper infrastructure the already famous roads of belgaum will have more traffic and pot holes.
I only hope that this is a bubble that will busrt as soon as possible and make the life of belgaumites more simple and beautiful rather than expensive and stressfull life.
Hope the best for belgaum.