How to calculate resale value of flat in Bangalore?

1. Use online tools and calculators that will help you with an estimate of the property prices and resale value of house you own
2. You can reach out to real estate websites. They have a huge database and with their in-depth research in the market, analysis of market trends, price trends of similar properties, etc., they should be able to help you

1.   You can ask around from real estate agents in your locality. They too have insights into apartment resale value in Bangalore.

• Buildings, unlike land, depreciate with time, and the market estimates a higher rate of depreciation for properties older than 5–6 years. As a result, even if the land value increases, the depreciation of the building is likely to counteract it considerably more quickly.
• It also depends on where you are. For example, if you possess an apartment in Indiranagar, Koramangala, or other nearby locations, there's a decent possibility you'll be able to sell it for a significant profit because land values have risen dramatically. In addition, there aren't many new projects coming up in these locations, providing current ones an advantage.

• Typically, someone who is employed and is between the ages of 30-35 would opt for a quality apartment in a developing location such as Sarjapur Road because of the affordability and convenience of the office. Sarjapur Road, on the other hand, has a very slim potential of becoming something like Indiranagar or Koramangala in the future.
• Predecessors worth highlighting - electronic city, which was regarded as an IT centre in the early 2000s, lost its allure as Whitefield arose as an alternative, resulting in lower housing values. In the last five years, Whitefield has lost its allure to the outer ring road. When the areas surrounding ORR reach saturation, I am confident that a new location will arise, limiting the likelihood of real estate price appreciation.
• Another significant factor is the nature of work and salaries. New apartment prices have risen dramatically in the previous 20 years, which can be attributed in part to the economy's growth, which has been aided by the IT sector.
• However, with the job market stagnating and average salaries barely increasing (compare the average salary for a fresher offered by major IT service providers who continue to be the bulk recruiters over the last 15 years - they have barely increased), expecting a similar level of growth in the future is extremely unlikely.
• The term "second hand" has a social stigma attached to it. You must acknowledge that a used car will always be less expensive than a new car. Here, too, the same rationale applies.

• Its location
• Size
• Amenities
• Design of the property
• Condition
• Malls, markets, schools, hospitals availability
• Roads connecting it and more

• Talk to local residents and experts in the area to get an idea of the current market value.
• Check the registration records of the flat at the local registration office. This will give you an idea of the previous sale prices of similar flats in the area.
• Consult with a qualified valuer to get a professional opinion on the flat’s value.
• You can use platforms like NoBroker to know the price trends of properties in Bangalore as per the location as well and then get an idea about the resale value

• Market Research
• Property Evaluation
• Depreciation
• Upgrades, and Maintenance
• Demand and Supply
• Legal Documentation
• Negotiation

How to calculate the resale value of apartments in Bangalore?

1. Resale value has been rising substantially over last 2 years and will continue doing so in good locations. Prestige shantiniketan a 10 year old property for example in Whitefield appreciated by 100% in 2 years.
2. Calculation of apartment value has 3 components : Value of land (if value of the available land, say 25% of super built up, is the largest component of the cost, apartment price would go up the fastest), current value of construction minus the depreciation(do not consider cost of construction 10 years prior and depreciate that, rather you have to take current cost and then depreciate), and thirdly the hype value of the apartment.
3. Hype value is something that most people in above response discounted, but it's very very real in Bengaluru. The value is associated with larger amenities or great location. You will see Prestige properties at bad location selling at very high premium compared to cost of land and construction, that is associated with hype value, it is possible those apartments will have slower appreciation if hype value goes down.
4. Secondly, hype value is also associated with location. Say the cost of land in a location is 30k psft, and you get 25% of super built up meaning 7.5kpsft is the cost of land, add 4k as construction cost making the price 11.5k psft. Yet the apartment of Tier 2/3 builder maybe selling for 16k psft.
5. Reason for above is that completed property in an area with all infrastructure like schools, hospitals, great roads, malls, office spaces, metro trades at much higher implied land price due to limited availability.
6. Some people pointed this fact about Indiranagar, however, the same is now getting applicable to good areas of Whitefield as there are more infrastructure including office spaces and connectivity to ORR than Indiranagar. Eventually land prices would go higher and there is already limited land available and apartment inventory has decreased fast over last year. This with metro completion would lead to extremely high premium of Whitefield and a hype value would be associated with the area and even Tier 3 builders would benefit from this.