Is it worth Buying a flat (1.5 Cr) in Bangalore?
I am currently in my mid 30s and I am thinking of purchasing a property near sarjapur road, and currently working as a software engineer in Bangalore, so I want to take the expert opinions of unsung heroes of the finance domain on grapevine. I have already paid the booking amount but still want to make sure I am making the right decision.
Bro agar grapevine ke finance experts mana karenge tumhe token amount vapas milega ??
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Stealth
9 months ago
just checking ki sach me expert hain finance category me ya phir aise hi baithe hain.
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SabChangaSi
Stealth
9 months ago
Which building? Rate per sqft? Vaastu checks?
username_blank
Stealth
9 months ago
assetz 63 degree, almost vastu compliant
SabChangaSi
Stealth
9 months ago
I think you might be overpaying because those 3 bhks were selling for 1.2 very recently. It should be 8k/sqft
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Stealth
9 months ago
I am talking about sarjapur road, not the Sarjapur.
After 30 years, the building will be 30yrs old and your kids almost cannot make money if they liquidate property, since value will be hardly 2crore. Kinda liability you are leaving for your kid.
Liability because-
Sorrounding areas will be crowded
Thr building will be old
New builder properties would have popped up in the city for your kids generation
Try reddit, u might get better inputs for this topic. RE in India seems like worth but u need to tell us why u r buying, ur financial situation and how long u plan on using the flat urself
How about purchasing a pre owned flat?
After a few years, there will be little to differentiate between the flat you purchase new now vs if you purchase a 5 years old one.
Indusplateau
Stealth
9 months ago
There is premium you need to pay to market.
The market is in a bull right now.
Can you elaborate? Not sure if what you're saying is a metaphor.
Do you foresee price correction? That rarely happens. Builders rather keep their inventory unsold than reduce prices.
Indusplateau
Stealth
9 months ago
Bangalore will expand like crazy over the next 30 years. People said the same to mumbai and navi Mumbai and see how much those cities have expanded.
If you are going to stay in bangalore for 15+ years, go for it.
Builder type : Go for type 1 for reliability.
Area : you r smart to decide. Every Halli has tech park.
If it’s from a tier 1 builder I say go for it. If you’re not particular about location, also consider North of Bangalore since a lot of growth is expected there in the next 10 years
Qwerty2398
Stealth
9 months ago
YEs, - if this is your first/only house. or if you have a lot of black money.
Check Out Divyasree77. It’s really beautiful and they have a new tower coming up
If it is already built then you may consider it, but if it is still under construction then why would you like to pay rent + emi - tax saving on interest(2lacs) + mental agony of handover and builder delay?
The city is only going to expand from as more and more people move in
Buy around Hennur neighborhood if you can. Avoid Sarjapur road. Lot of old timers in bangalore know there'll be significant water issues there in future, last i checked there are no plans to build cauvery water lines from Harohalli towards Sarjapur Rd. Plus there won't be any Metro in that stretch for the foreseeable future. Take your time to research some more before finalizing
