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Bangalore
Bangalore
on
SparklyPretzel
SparklyPretzel
Oracle

should I buy this flat?

Im paying 35Kpm rent. My flat is on Sale for 80L.was built by a local builder. Its 18y old building. should I buy this flat?

12mo ago
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GigglySushi
GigglySushi
HCL12mo

No, it is pretty old, you can look for new construction if you have a budget for buying a flat.

SparklyPretzel
SparklyPretzel
Oracle12mo

Thats what I think. Ill save some money then buy new one.

GigglySushi
GigglySushi
HCL12mo

In fact you are paying huge rent for a flat which is having very less resale value. For a 35k per month rent flat it should be around 1.5cr

ZoomyMarshmallow
ZoomyMarshmallow
Student12mo

Nah try for <10y old building. :)

PeppyRaccoon
PeppyRaccoon
Oracle11mo

That's a bad deal if it's an 18y old building. Maybe try to negotiate and bring down the price if you really want to buy it.

FuzzyRaccoon
FuzzyRaccoon
Bosch11mo

No it's too old to buy if you are taking loan.

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