Is it good to buy a flat in Bangalore Quora?

Is it a good decision to buy a 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 worth buying apartment in Bangalore Quora?

Bangalore is one of the good places where you get good rental returns. For an INR 80 lakhs investment in an apartment you may get around INR 30,000/- per month rent (depends on neighborhood) and some advance amount. Resale value of a flat will depend a lot on the area and builder reputation.

Which is the best area to buy a flat 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.

Is buying flat is good?

Low rental income– If one plans on receiving steady income in the short run, flats would be a better option as plots generate very low income in the short run. One can reap the benefits of buying a plot only in the long run under favourable market conditions.

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Is Villa better than flat?

Villas gives you the feel of an independent house while still providing the benefits of housing societies. … Better long term investment: As long term investments (seven years or more) villas often yield better returns when compared to apartments. Villa prices appreciate at a much higher rate than apartments.

Is renting better than buying in India?

Renting relieves one of the burdens of EMI fees, property taxes, and other legal problems that come with owning a home. 2. Renting gives the impression of less responsibility. In metro cities, a house worth Rs 50 lakh can be rented for just Rs 10,000-15,000 per month.

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.

What are the disadvantages of buying a flat?

Disadvantages of owning an apartment:

  • Additional restrictive covenants.
  • Reduced privacy.
  • Noisy neighbours. Additional neighbours above and below increase the.

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.