Buy 2 bhk in bangalore for investment
Is it right decision to buy 2 bhk in godrej msr city near airport bangalore 1.3 cr with 10% downpayment , people are saying you can sell 2cr in 2030. Huge profit with bank loan also
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Real estate as investment is a dead investment in T1 cities. Its a torture to go thru the buying process, a head ache to maintain it.
Assuming it to be true, even if you have the whole amount ready in cash and you are going for loan just for tax reasons, remember from now on, there is no indexation available for LT investments. that means for the 70L profit you will have to pay up 20% in tax. That would mean a CAGR of 7.5%. Of course it may even go up as well. But the Tax will also go up, There are lot of hidden maintenance cost that most people forget to include. Even assuming everything else is negligible, for 7.5% growth, the risk and head ache is not worth it.
Real estate as investment is dead in India. Too much black money has gone in, the only reason there is no price correction.
Bank is giving loan so you should have high leverage
Not an expert, but I have heard that a lot of companies are shifting their offices to an SEZ like area near the BLR airport. So, it is possible that the prices will go up in the coming years.
Again, I'm not an expert 🙂 and have just heard of these things through friends. So, anybody who has a better idea about the situation there can provide better suggestions.
Investing in apartment is a good idea. But since it's in outskirt please check resale demand there. Usually places where ther are lots of open land with new projects launching daily n no commercial IT hub, resale is a pain.
Ppl there wants to just go with new launch project instead of resale flat.
Don't think so. Apartments are depreciating assets. Focus on land plots if you're doing it solely for investing.

Bank is giving loan so you have high leverage
I think people can buy 3 flats with 10% downpayment and earn 70-80 lakhs per flat so 2 cr cash
Near BLR airport means out of BLR 😂