Quick Answer: Is it good to buy apartment in Bangalore?

Is it advisable to buy flat in Bangalore?

Bangalore property market is still stable compared to markets like Mumbai or Delhi, where the prices have shot up astronomically over the years. Hence, it is advisable to invest the rental amount as EMI to buy a house in Bangalore. However, you need to choose the areas suitable for buying or investing in a house.

Is it a good time to buy apartment in Bangalore?

BENGALURU: Builders and bankers say that the low interest rate environment makes it an ideal time to buy residential property. … Home loan interest rates are at an all-time low with most of the major banks offering between 6.7-7%.

Which is the best place to buy apartment in Bangalore?

Best 5 Localities for Buying a 1/2/3 BHK Apartment in Bangalore

  • Kanakapura Road. Kanakapura road, approximately 50 kms from the central city, on the south of Bangalore, is one of the most sought after areas. …
  • Hebbal. …
  • Sarjapur Road. …
  • Electronic City. …
  • Whitefield.
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Is it worth buying resale flat in Bangalore?

Nothing can be more profitable than purchasing a flat at a price much lesser than the market rate. Moreover, the resale flats are fully constructed and come with a ready-to-move-in tag. One of the biggest benefits that the resale apartments provide is the tax benefit after gaining possession. A deduction of Rs.

What to check before buying a flat in Bangalore?

Ten things to remember before buying a flat in Bangalore

  • Location. Bangalore is known for its traffic jams and pollution. …
  • Builder’s reputation. …
  • Choose properties with clear titles. …
  • Reviews and word of mouth. …
  • The apartment’s facilities. …
  • Inspect the property. …
  • Check the floor plans. …
  • Resale and appreciation value.

What is the best age to buy a house?

There is an ideal age to buy your first home, and that’s between the ages of 25 to 34. As you enter your golden years and (hopefully) retirement, the equity in your home will become even more important to your financial health, especially should you need to refinance to cover any gaps in your retirement savings.

Do apartments appreciate in value in Bangalore?

Today, An apartment is no longer a viable investment option in Bangalore or any other Indian city because they don’t increase in value and are not easily saleable. Reason: there are simply too many of them! As supply outstrips demand, today flats are actually losing value, or depreciating, like a car.

Which is the best area to invest in Bangalore?

4 Best Places to Invest in Bangalore for Higher Returns

  1. Electronic City. To the South of Bangalore is a place which offers almost everything to the people who are residing, or plan to reside in this area. …
  2. Kanakapura Road. …
  3. Yelahanka. …
  4. Thanisandra.
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Which is the fastest growing area in Bangalore?

1. Bangalore Aerospace SEZ: 950-acre Bangalore Aerospace Park including 250-acre special economic zone (SEZ) has attracted investments from 56 large and mid-sized companies. 2.

Which is better Whitefield or Electronic City?

“Whitefield and Electronic City are two of the most prominent real estate locations in Bangalore. The growth potential of Electronic City is higher as compared to Whitefield. … Rental rates in Electronic City are comparatively affordable and stand at Rs 16 per sq ft.

Do apartments value after 20 years?

In conclusion, a new apartment with a price tag of 50 lakh rupees, with a 20% down payment and a loan with the bank at an average 8.5% interest rate for 20 years will end up with a price paid of over a crore rupees in total.

Is it OK to buy 10 year old house?

Buying very old property: If you are looking for an apartment, go for societies that are less than 10 years old. This means you will spend less on renovation and they will come with a fair discount to the market price for new apartments in the same area.

Can I buy a 10 year old flat?

1) The age of the property should ideally range between 1 to 5 years to a maximum of 10 years. 2) Know about the reputation of the builder and the quality factor associated with his past developments. 3) Understanding the reason behind the sale will help in uncovering the problems and issues with the property, if any.