Hi everyone,
I’ve been considering the decision of whether to buy a flat in Bangalore or continue living in a rented apartment, and I’d love to get some advice from you all, purely from a financial perspective.
On one hand, buying a flat comes with long-term benefits like asset ownership and potential price appreciation. But on the flip side, it requires a hefty down payment, long-term loans, and associated costs like maintenance, property taxes, and registration fees. Also, with interest rates and real estate prices going up, I wonder if it’s the right time to invest.
On the other hand, renting provides flexibility with lower upfront costs. However, there’s always the reality that rent increases over time, and there’s no asset to show for it in the long run.
I’m leaning towards renting for now, as it seems more flexible and financially less binding in the short term, especially with real estate prices in Bangalore being so high. But I’d love to hear your thoughts and experiences!
What do you think? Is it better to take the plunge and buy a flat, or is renting the more financially sound decision right now?
Looking forward to your advice!
Thanks!
I would say buy, but may not be for short term but think for long term. Like a home after retirement. May be in banglore or in your home town, your wish. Since the rental yields in india is lowest among the world, it is only gonna go up. As you also pointed out, if you pay rent u will not have any asset in long term. When u r retiring it is better to not have think about "should I look for another house to stay as our current owner is asking huge amount". It is better to have atleast our own roof on our head in long term, even if it meant sacrifice some things or work hard in short term.
I refuse to buy anything in this fucking city. I hate it.
Seeing the crazy hike in rents, its better to purchase a flat. Its an asset as well
Considering the ongoing debate between renting and buying a flat, I've noticed many financial influencers suggesting renting and investing in mutual funds. However, there's a strong emotional aspect to owning a house, especially post-mar...
I have been in Bangalore for the last 3 years and am thinking about having my next atleast 15 years here in Bangalore. What will be the better option? Renting the flat as per job location or just buying a flat.
My family along with some relatives are telling me to buy a flat in Banglore and give it for rent, Is it really worth in 2025, getting a home loan and buying flat and renting it out?? And what could be appreciation I am new to banglore a...
Hi,
I’ll be moving to Bangalore (HSR) for a new job and could really use some advice on setting a realistic rent budget.
My monthly in-hand salary is around 62k.
What should be my budget for rent? (Why are flats in HSR so expensive 😖...