Mid 30s, single, been in Koramangala (and Bangalore) for 3.5 years now. Absolutely love the society I live in. There’s a 2BHK available for sale 1300 sq feet. 1.5 cr. 15 year old building. Great location. Low rise. I’m not sure of my future plans so unsure of how long I’ll be living here. Could be forever, could plan on moving a few years down the line. Unable to decide if it makes sense to buy or keep renting. Rental yield is ~4.1%. What kind of an appreciation cal I expect on 1.5cr in the next 5-10 years.
Help me make an informed decision!
Koramangala real estate is on the way up I think good time to get into something here, and really cool that you have the means to, as well
I’d be a bit wary of the 15 year old thing, that’s the main challenge here
Ask for 1.3 Cr if possible, this would be a better deal.
I know 2bhk 1000 Sq ft flats in 30 year old buildings selling close to 1 - 1.2 cr in prime JP Nagar (1st Phase to be exact). What you have got on your hand is a real bargain. Take it and flip it later. Use the flipped money to purchase a better gated apt later
Buying a 2BHK in Koramangala is a wise decision or not, financially depends on certain factors. Let’s consider the pros and cons of buying a house.
Pros:
Since you’re in love with the Koramangala region, buying a home will offer you a sense of accommodation security.
Koramangala is a well-known area in the city and with so many premium houses are building everywhere, your property value will also increase with time.
Owning a house can offer you tax benefits.
Cons:
The cost can be high as you have to pay a lump sum amount for the property including registration fees and stamp duty.
There will be an ongoing flow of capital when you buy a house. These expenses involve maintenance charges, property taxes and utility bills.
If you’re considering staying in Koramangala for at least a decade, buying a house is a good decision. However, if you plan to move soon, renting would be more feasible.
15 yr old real estate has stagnated or now declining, how do you intend to use it? Long term family stay if you continue in Bangalore?
I'm in a similar situation but in haralur. Similar price too.
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...
Bro agar grapevine ke finance experts mana karenge tumhe token amount vapas milega ??
Context - Buying as an investment, don't plan to live there. I plan to live on rent. Current rent is 17k/month.
I'll keep it short for max input. I'm looking at some flats priced around 60-70L for a 2BHK. Rent in the area will be ~30k. ...
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.
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 fl...
