Bangalore Real Estate

Bad idea to take a loan for 50% @Kafkaa The maximum you can get a loan for is around 75-80% of the value of the house. I would suggest that you should take as much as possible. Easier to do this as chat / call over typing long messages here. Will try to do it nevertheless. Why should you give my advice any consideration: financial services industry veteran and home loan customer 1. Home loan is the lowest interest rate loan that one can get. Currently in the range of 8.5% - 9.5% and we are at a high interest cycle right now - so will go down in a few quarters. 2. My expectation from equity market is about 12% over the next 5-10 years. Adjusted for tax, equity l investments will give better return. 3. If you have the cash to pay down, you can always pay it down whenever you want to. But dont be in a rush to close it. Mentally be okay to have a loan that you dont need. :)

After reading all the comments given before me, I'll try not to repeat the one's already covered. I've bought a 2bhk last year in Jan'23 in Electronic City Phase 1. These would be my suggestion: 1. Don't go for an under-construction property. Builders give 100 promises and deliver only 10. 2. Even in Prestige societies like Falcon City, people suffered heavely in Feb-Mar'24 during the water issues. 3. Going for a ready to move, resale flat which is in a society that's 4-5 years old is the best, as you get all the good and bad things in front of you and you can make the right call, rather than hoping for a dream sold by the builder and later regretting. ~ I've bought a resale flat and I'm very happy until now, as I've had no suprises in the last 1.5 years. 4. I knew all the good and bad things from day one, before buying. 5. Go with a reliable broker who agree to help you with (1) Smooth Registration (2) Khata Transfer (3) Bescom Name Transfer. There's bribery in all these, but for us working in startups its much simpler paying a small negotiated bribe, rather than wasting our precious time on following up with Govt offices. 6. I would also recommend to get a loan for the longest period i.e. 20-25 years for the maximum amount possible, i.e 80-85%. Which you can later close at your convenience early on. But this would come in handy, if you have a sudden unfortunate event in the middle and you've put all your savings in your home. Happy to connect over DM, if you have any more questions.

Prestige properties are way too overpriced. However, if you've made up your mind, check for a few things: - Width of roads leading to the project - Elevation compared to surroundings(you don't want the basement to drown) - Piped water availability from the municipality Also, do a rough back-of-the-envelope calculation before making the decision. How much rent will you be willing to pay every year to live in that apartment? If that exceeds 4% of the property value, then good, otherwise it's expensive.

I think you can go ahead with this approach. Do factor in about 30% addition expenses as interior costs.

New properties by A grade builders are becoming increasingly small in Blr. Do look for resale properties from these A grade builders - could be a much better deal. (Hoping you're buying for your own use) If you're looking for investments returns - buy land in a tier 2 (if you have a tier 2 home town and can see the city growing - no flat will give you that return) Loan - A big yes! Get IT rebate - invest that money and earn :)

I suggest you wait for an yr or kore before buying as I feel the rates ll fall drastically due to IT slowdown, AI and of course dedollarization. These ll affect Blr, Hyderabad, pune, noida n gurugram badly. So it's the best time to sell and make money and reinvest in property 2 yrrs later when price reduces.

1. Whatever you buy don’t look at it financially. Rental yield 3% etc etc. Just ignore the crap 2. Loan wise don’t waste your 50% .take sbi maxgain account park funds there. Life is long use debt judiciously. A 20 year long cheapest credit line is not bad. 3. Bargain hard if you can prices are a bit inflated currently. 3cr sale value properties are not able to fetch even 1l rent per month 4. Hire a lawyer to do legal verification of property. 5. Resale is best but you might not get what you want

Bad idea

Buy an empty plot and build an individual house there. Apartment is just overhyped.

All the best to you Kafka frnd

Bhai no water in bangalore bad idea and best to invest where city is good