Is buying a flat/apartment a good investment option in Bangalore? (2024)

Answers ( 3 )

1. 

   Aaryan

   3

   2021-01-15T16:48:05+05:30 January 15, 2021 at 4:48 pm

   Reply

   Buying a flat or an apartment in Bangalore has its own pros and cons. Whether you make an investment or not depends on your financial situation, if you are ready to commit to a certain lifestyle post property purchase.

   Firstly, the supply of new apartments in Bangalore is huge. Prestigious builders have apartments in various configurations available to suit many budget needs. If you decide to buy an apartment here are some things that you should be carefully about:

   1. I would suggest buy it with a trustworthy builder with a reputation of delivering projects on time.

   2.It’s better to buy the apartment in pre-launch or under-construction phase are the property prices are low. Some people suggest these days that it’s better to buy ready-to move homes owning to market uncertainty. If the builder is reputed, risk of buying the former is definitely lesser.

   3. Buy an apartment, in an area which is still developing as compared to areas which has been already developed. This is because in the developing area the property prices are low and the property value appreciates as the area gets developed. By development I mean -infrastructure development – schools, colleges, malls, hospitals, roads, metros and highways wtc.

   4. Buy an apartment which is well lit & ventilated, has decent amenities. The resale value of such apartments is always high.

   5. Ideally, buy an apartment which is priced such that the monthly loan installments is 30-35% of your family’s total monthly income. You also need to keep a share of your income aside for other expenses that may arise – like kid’s education, medical exigencies, savings etc.

   6. It’s good if you are very clear about the purpose of your property investment – self-use, rental income etc. It would help you decide what’s a good budget that you need to set for the investment. In-case you plan to rent out the property and hope to generate some rental income out of it – please make sure that the rental yield is atleast 5-6%.

   Above are some general points worth noting before you make a property investment in any of the big cities in India. Speaking of Bangalore, there are properties available in wide range of budgets. Below 15 lakhs, 15-30 lakhs, 30-50 lakhs, 50-70 lakhs, 70 lakhs – 1 Cr, 1 cr -1.5 cr, 1.5 crore and above. Choose depending on your financial situation and income.

   Also, if property is being bought purely from an investment angle then, you can consider investing in areas like

   1.Jigani, Attibele, Anekal (South Bangalore)

   2.Yelahanka New Town (North Bangalore),

   3.Varthur, Sarjapur (East Bangalore)

   The above localities are still developing and are next hotspots for property investment owning to the affordable pricing, good connectivity to the rest of the city and many upcoming options in these areas.

   
   

   

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   See Also

   UNIGO12 Growing Localities To Invest in Bangalore - SOBHA Ltd.Living Alone vs. With Roommates [Pros and Cons] | BrixbidReal Estate Company - List of Top Builders and Developers in Bangalore :PropTiger.com

   

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