3bhk at 2CR in Bangalore 👀
We have a family income of 45L in Bangalore still don’t feel that we can afford a 3bhk in Bangalore. I’m not sure who is able to afford these houses. I calculated an emi of 75k per month for 1cr loan and I’m not okay to pay it. Is it super inflated market? Am I missing something? Is my income not good enough? Are the returns exceptionally well? What’s the catch. Please educate me folks on this entire real estate games At this pace, will never be able to purchase a house🥲
Qwerty2398
Stealth
6 months ago
Most people cant buy a house without loan. The market is overheated, no doubt on that. But the odds of it falling is very less. A time related correction in prices is possible. Returns will be sporadic and will not be for the whole RE market. Sporadic in the sense, a particular area might go up more than the others.
Too many bigges are invested in RE so correction might not happen. So if you are currently on rent, and have spare cash and are looking to be in Bangalore for the next 25 years, then you can buy. one house for living is a ideal purchase, beyond that its worthless.
The only way we are going to get returns is when/if The NRI crowd returns.
Scott_micheal
Stealth
6 months ago
Would highly suggest you to check resale options. Much better prices and ready to move-in, you don't pay extra interest till the time of possession and don't spend on interiors too.
Your income is not the problem, the problem is your mindset. You're looking at the EMI, not the asset. "Ghar khareedna hai ya EMI dekhna hai?" (Do you want to buy a house or just look at the EMI?) Is your focus on creating wealth or just paying bills?
generalist101
Stealth
6 months ago
*game
