Is buying an apartment a good investment in bangalore? (2024)

Is buying an apartment a good investment in bangalore?

It is always considered a better option to buy an apartment than buying land or an independent house, as it is safer and present way more opportunities. Especially, at this market condition and in the year 2020, it proves to be beneficial for home buyers and investors when they purchase a cozy apartment in Bangalore.

Is buying a flat in Bangalore a good idea?

Investment: Now is a time for investment and buying a flat or an apartment is one of the best ways of future investment. Buying a 3 or 2BHK flat for sale in Bangalore, one can rest assured that the property they are buying with cater to their dream home needs as well as come in handy as a future investment.

Is it good to buy used apartment in Bangalore?

Nothing can be more profitable than purchasing a flat at a price much lesser than the market rate. Moreover, the resale flats are fully constructed and come with a ready-to-move-in tag. One of the biggest benefits that the resale apartments provide is the tax benefit after gaining possession. A deduction of Rs.

Is it worth to invest in property in Bangalore?

Excellent domestic and international connectivity, smart infrastructure and the increasing presence of IT hubs has the city's real estate scene buzzing with investment opportunities that promise great appreciation and high returns.

Is it a good idea to buy a flat 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.

Why you should not buy a flat?

The builder is required to pay you a monthly penalty in case you do not receive the flat's possession within the grace period. Additional expenses such as GST, stamp duty, home loan processing fee, registration charges and all other charges should also be kept in mind.

What to check before buying a flat in Bangalore?

Is buying 10 year old apartment worth it?

No definitely not. Apartment reduce in its value as it ages. Unlike land that appreciates with time, apartment starts depreciating and losing its value typically after 7 years of completion. This is because the building has a definitive age unlike land.

Is it worth to buy a 10 year old flat?

It all depends on the locality. There are areas where value of flat increases 4–5fold even after 10–15 years because the location turns premium. otherwise yes the construction depreciation is counted and the value comes down with the age of flat.

Does value of flat after 10 years?

In general the flat value will keep going up for the first 10 years or so and then it stays there (assuming real estate does not crash) and then after 15-20 years it will start going down but still it would almsot always be more than the original price paid.

Which side of Bangalore is developing fast?

North Bangalore: The Fastest Growing Area In Bangalore.

Which part of Bangalore is growing fast?

Thanisandra. Thanisandra is one of the fastest growing areas in North Bangalore. This area, in particular, has seen an astounding boom in the residential and commercial real estate development. All the achievements of this area are credited to its well-planned infrastructure.

Is it wise to invest in apartments?

Investing in apartments is one of the best investment strategies for investors who want an additional source of monthly income with slow but steady appreciation in the value of their portfolio. When it comes to real estate, there are two main types of properties that one can invest in: single family and multifamily.

What is the life of an apartment?

For example, the life of an apartment is 50-60 years while independent homes have a higher lifespan. Since all apartment buildings have common amenities and a lot of shared facilities, the usage of such buildings will be more. However, if maintained properly, the average lifespan could be improved by 10%-20%.

What are the disadvantages of buying a flat?

Which is the best place to buy property in Bangalore?

Are flats easy to sell?

Flats are volatile when it comes to their selling and rental prices. Family buyers and sophisticated investors support houses which means their prices are relatively stable on the market; Houses are usually appealing to families and those who plan to live there for a more extended period.

What is the life of a flat in India?

Building independent house becoming tough

However , experts are of the view that concrete apartment buildings in India last only for 30 to 50 years compared to the expectation of 70 to 80 years. The short life span is an economic burden for not only owners and residents but to the nation as a whole.

Which is best apartment or individual house in Bangalore?

Do apartments appreciate in value?

Apartments and townhouses appreciate in value over time. Investing in property is all about buying a property that will appreciate in value over time and deliver capital growth and good returns.

Who is the best builder in Bangalore?

Is buying a home worth it 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 OK to buy old apartment?

Legal: Though tedious and time consuming, one must go through elaborate legal formalities and paperwork in buying an old apartment. Atulay Nehra, Legal and Investment Consultant, Magicbricks Bureau says, “It is crucial to assess whether the seller is the legal owner of the property or not.

Is it good to buy 25 year old house?

Benefits: Lower prices, better facilities

The difference in the price of a newly constructed apartment and an existing one can be 25-50%, depending on the city, location and age of the structure. Even if you factor in the cost of renovation of the old apartment, it would still be a lot cheaper than a new one.

What should I look for in a 40 year old house?

What to ask when buying resale flats?

What are the pros and cons of buying an old house?

Does flat have resale value?

You can check the resale value of flats or old flats by applying the following formula: Value or resale flat = value of undivided share of land + depreciated value of building and amenities + value of overheads, expenses, etc.

How can I sell my flat in Bangalore?

The traditional methods are newspaper advertisem*nts and brokers. You can also go the online route and list your property with Nestaway. Listing your property on this reputed platform will increase your chances of finalising the sale of your apartment in Bangalore.

How is property value calculated in Bangalore?

What is the future of real estate in Bangalore?

The recent COVID-19 pandemic that struck has shown the importance of investing in houses and real estate. According to Business Industry experts, humongous growth and opportunity in the real estate market are predicted to be worth $1 trillion by 2030.

Which is better Bangalore North or South Bangalore?

The Chasm between North & South Bangalore

But North Bangalore is still under development. In comparison, South Bangalore is already developed and has established infrastructure. It is also closer to major work locations. Investments in South Bangalore have also been appreciating steadily.

Is Bangalore getting Disneyland?

The tourism infrastructure development department has proposed to build a theme park on the lines of Disneyland in the north of the city - either in Devanahalli or along Bengaluru-Tumakuru road. It will cost a staggering Rs 100 crore and require 800-1000 acres of land, said officials.

Which is the richest area in Bangalore?

Who is the richest person of Bangalore?

Will North Bangalore develop?

The fastest growing locality in the metropolis, North Bengaluru is emerging as one of the best options for real estate development in Karnataka's capital city. Hubs like Manyata Embassy Business Park and the KIADB Aerospace SEZ are located here, luring in many MNCs and aerospace companies.

Is an apartment an asset?

Many financial advisors will tell you that your house is an asset, but that is untrue. As such, this financial advice becomes a liability because it causes you to make bad assumptions and decisions about your personal wealth and your financial future.

Does apartment value increase India?

Flats: In case of flats, the value of the property rises as the demand for flats in that particular location sees an upward growth. Plots: In case of an independent house on a plot, the value of the land appreciates however there usually is a depreciation in the value of the asset due to wear and tear.

What's better buying land or apartment?

Experts say that plots appreciate faster than apartments. This is mainly because plots are less in supply in the market. Age does not affect your investment in plots, as it does in the case of apartments. Appreciation depends on the location and proximity to big infrastructure projects.