With 388 plots spread across 26 acres, Sobha Chikka Tirupathi is a premium plotted development at ₹6,000-7,000/sq ft in Chikka Tirupathi.
Anchored by the progress of Sarjapur Road, this plotted development benefits from being in the Sarjapur-Chikka Tirupathi belt.
Here’s what we discuss in this blog:
- Why does Sobha Chikka Tirupathi stand out?
- Is Sobha Chikka Tirupathi strategically located?
- What’s the pricing for this project?
- Is there anything to watch out for in Sobha Chikka Tirupathi?
- Who should consider Sobha Chikka Tirupathi?
- Why Book Sobha Chikka Tirupathi in its EOI Stage?
Sobha Chikka Tirupathi: Project Overview
Why Does Sobha Chikka Tirupathi Stand Out?
Low-Density Planning
At 15 plots/acre, Sobha Chikka Tirupathi is planned in a density-conscious manner.
Faster Possession Timeline
With most projects having a long possession timeline of 2030, Sobha Chikka Tirupathi has a possession timeline of 2028.
Flexibility to Build
As compared to apartments, plot owners have the leeway and flexibility to build their dream villas.
Sobha Chikka Tirupathi: Strategic Location
With a lot of villa and plotted developments in the area and increasing demand for more, Sobha Chikka Tirupathi is located in a growing Sarjapur-Chikkatirupati belt.
The growth here is driven by upcoming infrastructure and land availability and is a very early market considering STRR advancement. All projects near STRR are projected to gain more footfall, which will cause demand with social infrastructure following suit. Price appreciation also follows this whole process.
It’s connected to STRR through an intermediary road and as it’s close, it falls in the range for healthy price appreciation. Backing by a Grade A developer is also an important factor to consider here.
Want to know more about this location? Discuss with our market experts.
Sobha Chikka Tirupathi: Pricing & Market Context
With ₹6,000-7,000/sq. ft., it is a premium plotted development with a mid-term appreciation play of 3-7 years. Value here is judged by land appreciation and not rental income as this area is in demand for villas and plotted developments.
Watch-Outs for Sobha Chikka Tirupathi
Peripheral Location
Sobha Chikka Tirupathi is located in a peripheral location rather than in the core markets. It’s located in Chikka Tirupathi, which is still lagging behind in terms of social infrastructure.
Additional Costs
As it’s plotted development, plot owners will have to bear additional costs for home construction.
Who Should Consider Sobha Chikka Tirupathi?
- End-users: Buyers looking for land investment in East Bengaluru or those planning to build villas/custom homes.
- Investors: Sobha Chikka Tirupathi is perfect for investors with medium to long-term horizon.
If you would like to discuss if this project is ideal for you, reach out to our market experts.
Why Book Sobha Chikka Tirupathi in its EOI Stage?
The Expression of Interest (EOI) stage gives homebuyers a leg up over others who start their journey process late.
With a non-bankable cheque, you can save atleast ₹250-300/sq ft., which when you consider a 1,200 sq ft home, you can save around ₹3-3.6L.
Final Thoughts on Sobha Chikka Tirupathi
At ₹6,000-7,000/sq ft in Chikka Tirupathi, Sobha’s plotted development is a premium project with a low density of 15 plots/acre.
However, it is a peripheral location that is dependent on STRR’s growth for price appreciation.
It’s ideal for those looking for an early-market advantage in land investment in East Bengaluru. The price appreciation is ideal when a medium to long-term horizon is considered.
