DancingBanana
DancingBanana

Bangalore Property Purchase

New in Bangalore (just a year)

Is it a good time to buy a property in Bangalore? If we want to look for a good 3/4 BHK, which areas should we target? Also, what should be the budget we can consider, based on the current market?

My spouse and I have close to 95L to 1Cr in savings and investments. We can easily manage around 1Lac or more in EMI per month. Family can help more, it needed.

Thanks.

21mo ago
App Promo
FluffyKoala
FluffyKoala

If you want more recommendations, I’m looking for a job as SDE, if you can help me getting a job at oracle, I’ll personally scout apartments for you 😛😛

FluffyKoala
FluffyKoala

I’m saying this because I recently got laid off from my previous company and I’m looking for job for a long time low

DancingBanana
DancingBanana
Oracle21mo

Share your resume. Happy to refer.

FluffyKoala
FluffyKoala

Try near ORR, constructions is going on, once finished good connectivity

DancingBanana
DancingBanana
Oracle21mo

Thanks. Do you know any good upcoming projects? However, based on the current traffic conditions, it looks horrible.

DancingBanana
DancingBanana
Oracle21mo

Also, we want to stay away from any lakes🥲

FluffyKoala
FluffyKoala

If that’s the case I’ll recommend kank pura road, straight out city, metro reaching soon, okaying traffic and good highways

DancingBanana
DancingBanana
Oracle21mo

Yeah that looks like a viable option. Thanks.

FluffyKoala
FluffyKoala

My friend bought a flat for 85L in prestige song of the south, 2.5 bhk

SwirlyNugget
SwirlyNugget

Rent for now. You have been here just a year. Keep exploring the city. In your budget, many options could be available. Keep in mind metro connectivity should be a priority and the fact that property investments are not as liquid as before. So think we'll, and best of luck.

DancingBanana
DancingBanana
Oracle21mo

That does make sense. But looking at the inflation in property rates, I feel the need to hurry!

SwirlyNugget
SwirlyNugget

Yes, but it is not a huge rise. And your investments are yielding returns too. So even if you wait, it won't make much of a difference. Just research well.

GigglyBiscuit
GigglyBiscuit

I have enquired for buying a 3bhk recently I can see that prices are arround 1.4-1.7 cr for a decent 3bhk ( 1500+ sft ) from a good builder. Most of the projects I have seen had occupancy after 3 years.
I liked one DSR park way, its near completion ( another 4-5 months) but the problem is there is a railway gate near project and u have to pass through it everytime.

BubblyPanda
BubblyPanda
Oracle21mo

Check for Hennur, nice growing area.. And lot if new projects coming out on the main road. But, it'll be far from the OTH office, if that'll be your office location

DizzyNoodle
DizzyNoodle

Varthur/Gunjur - developing community, close connectivity to ORR, great schools close by. Relatively outskirts for clean and healthy living but god forbid you have to go to Indiranagar

JumpyBanana
JumpyBanana
Student21mo

Mytas project

SwirlyPotato
SwirlyPotato

If it's for personal use, u have to buy close to work place. If it's for investment, bangalore east has hiked in the last few years and yield good rental roi. I live in bangalore south and not much of an appreciation comparatively.

SparklyPotato
SparklyPotato

I refer you to the builder I'm buying from , then you earn coupon and I earn coupon, we go movie together

Discover more
Curated from across