Bangalore15mo
by ZestyCoconutData Scientist
BouncyDonut
Flat Purchase - 1.5 CR for 3bhk
Is it wise decision to purchase a 3bhk flat in Whitefield for 1.5 cr ? Current monthly saving is around (2.5 lakh). Total saving till now - 20 lakh
22mo ago
JumpyPretzel
Stealth22mo
Whitefield is a premium area I guess. So the price looks legit. But then your saving of 20 lakh is peanuts in front of that price. I don’t find it wise to spend this kind of money when your saving is so low. One should have a saving of 75 lakhs and then think of buying this kind of flat.
GoofyDonut
Stealth22mo
Hahaha this is what high rents do! Wait a few years, interest rates will go down, and you’ll have more savings🤞
On other note where in whitefield are you finding a 3BHK for 1.5cr!
QuirkyMarshmallow
Walmart22mo
Interest goes down only when the inflation goes down...inflation goes down when the money velocity goes down...money velocity goes down only when the consumer demand goes down ...consumer demand goes down in a recession...in a recession you will not know when your last day will be...
Have you noticed the least of housing demand is when the interest rates are low...it was in 2009...and in 2016 after demonetization
Keep dreaming about past good days and low interest rates like the people in US
QuirkyMarshmallow
Walmart22mo
Is the savings per month combined with spouse? Are you able to survive a job loss and still pay EMI for a year? If you have a kid and have to take a career break are you still able to absorb the EMI and still pay kids school fees?
If the answer is yes, go ahead.... If you are buying due to FOMO and rent increases, the answer is astounding no...
On a side note...the prices in Whitefield have almost hit a peak due to metro and only going to stabilize from now on.... I hear the is massive water problem in Whitefield....
Do your due diligence and all the best!!
BouncyDonut
Thanks. Saving mentioned above is combined with spouse.
SwirlyPotato
Stealth22mo
Which part of bangalore is good for a rental investment ? I have been searching for some time now.
ZestyQuokka
Stealth22mo
The price is very good. Are buying an under construction one? Keep due diligence of builder, location, water and electricity infrastructure
Also congratulations! Buying house is a huge step
BouncyDonut
Yes. Under construction property.
FloatingMuffin
EY22mo
sq ft?
TwirlyUnicorn
CleverTap22mo
No
WobblyBanana
Stealth22mo
Nope, bangalore is urban hell. Dont invest there
FluffyNugget
Plivo22mo
Not wise. Maybe see 2BHK
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Personal Finance14mo
by WobblyHamsterSoftware Engineer
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 grapev...
Top comment
Bro agar grapevine ke finance experts mana karenge tumhe token amount vapas milega ??
by PrancingWalrusWalmart
Should I invest in buying home in Bangalore ?
Should i buy a 3 bhk in Bangalore which is of 1.5cr or 2cr, and pay the Emi for next 10-20 years. Or i should consider some other alternatives.
Bangalore22mo
by GoofyDonutSoftware Engineer
Rental situation in BLR
Need to switch houses soon (humongous rental hikes have hit my society haha), can folks here provide some stats on what they’re paying, in which area, and how long ago they moved in.
Also suggest some decent places to look for, area ...