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.

20mo ago

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FluffyKoala

Pharmeasy20mo

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

Pharmeasy20mo

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

Oracle20mo

Share your resume. Happy to refer.

FluffyKoala

Pharmeasy20mo

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

DancingBanana

Oracle20mo

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

DancingBanana

Oracle20mo

Also, we want to stay away from any lakes🥲

FluffyKoala

Pharmeasy20mo

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

DancingBanana

Oracle20mo

Yeah that looks like a viable option. Thanks.

FluffyKoala

Pharmeasy20mo

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

SwirlyNugget

Stealth20mo

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

Oracle20mo

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

SwirlyNugget

Stealth19mo

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

Stealth20mo

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.

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