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.
Hey,Honestly Bangalore flat prices are a little higher but ‘Is buying a flat in Bangalore a good investment,’ this one thought has come to the mind of many. I will take you through some points that I believe will be of help to you.If you are looking to invest in major commercial and residential areas then you need to shell out a big amount of money. The reason? Bangalore flat prices in areas such as Electronic city, whitefield, Yelanka, Sarjapur Road, Kanakapura Road, and Kengeri will be a little on the higher end as they are closer to commercial hubs, IT companies and MNCs. Not just that, areas like Yelahanka have become land of opportunities with the opening of Kempegowda International Airport. Major builders and developers have acquired lands here and many ready to move in projects are up for sale at good prices. Similarly, Whitefield, Electronic City, HSR layout and Sarjapur Road are prominent commercial hubs with excellent connectivity via expressways, metro lines. These locations have numerous housing options with all kinds of housing units which are in-demand. People like us who wonder is it good to buy flat in Bangalore must know that these areas pose great investment opportunities as students and professionals moving in the city look for rented accommodations here. So, not only will you own a property but get good returns out of it.However, not everybody can afford to pay a higher price for property, so what are the alternatives available for them? You might be interested to know that in the outskirts of Bangalore, there is a significant rise in the number of real estate investors. Especially during this pandemic. This is because people want to enjoy the scenery, own spacious flats which can accommodate a play area for kids, work space for adults, gym and fitness area, etc. To check Bangalore flat price you can check out Bangalore Real Estate Market Forecast 2021Bottom Line: It is upon your own discretion whether or not you want to invest in real estate in Bangalore but Is it good to buy flat in Bangalore?, I believe YES, you just have to be thorough, intuitive and aware of the location and other important factors.
I have seen that Bangalore is a city that aims to expand its reach in the real estate industry despite the recent economic crisis. This has been greatly helped by the city's reputation as the "Silicon Valley of India," which draws hundreds of IT specialists to the area. But you must be confused about whether to invest here or not. So if you want to know if buying a flat in Bangalore is it worth or not, keep reading.Explore affordable deals on the properties on NoBroker here.Opt for NoBroker buyer plans to invest in certified properties.
Is buying apartment a good investment in Bangalore?
There are numerous options to invest in residential properties in Bangalore in 2023 as the city is growing and offering excellent returns on investment (ROI). In 2023, a property in Bangalore will still be a wise investment because it will give a high return on your money. It will benefit from a variety of planned policy measures and improvements to the city's infrastructure. So is it worth buying flat in Bangalore must be clear to you now.
Is it worth to buy flat in Bangalore?
Yes, it is worth buying a flat in Bangalore. Because Bangalore has a pleasant environment, which encourages more people to buy a house or apartment there. The climate is comfortable and not too intense. Bangalore is less susceptible to natural disasters like earthquakes than other cities. Besides, there is a huge influx of migrants from other cities who are willing to take an apartment for rent in the city. Apparently, it's a booming business model in itself for property owners. So if I would be you and got a chance to invest in a property here, I would not hesitate for a minute.It is required to conduct specific checks, including those on the reputation of the developers, the neighbourhood, the legality, and approvals. You should also check other certificates given to the builder, among other things.You must have understood if buying a flat in Bangalore is it worth or not.Read More:How is Bangalore city to live?Why rents are so high in Bangalore?Is real estate a good investment in Bangalore?
Is it good to buy a flat in Bangalore? Yes, I would say so because of multiple reasons. The interest rates are on the lower side, several areas offer good living conditions with high rental income, etc. I have shared a few more reasons behind my opinion. You can read them below.
Is it Worth Buying a Flat in Bangalore?
I would say that it depends from one person to another. Making a real estate investment is one of the most expensive things a person can make a transaction for. Hence, it needs to be clearly thought out before making a decision. I have been living in this city for the last 7 years and can say that investment-wise, it is amongst the top picks for me.Bengaluru comes under a tier-1 city and has already seen a lot of infrastructural development. Still, there are areas which are undergoing development, and you can buy a flat from reputed builders in these regions. You’ll find that the costs are lower, which will increase in the upcoming years with development.When talking about buying flat in Bangalore is good investment, I would recommend you go for a 2 BHK, as it is more in trend. But yes, this would work best if you give the house on rent right from the start. College students and working professionals prefer 2 BHK, as they can rent it out with their classmates and colleagues. Here, you can consider buying an apartment in regions where there are college institutions or offices. The rates would be higher, but the long-term benefit would be huge. This is because the rent in Bangalore has escalated multiple times during the pandemic, and the demand will continue to be like this, keeping in mind that the employment rate is steady. I hope this helps you to decide is it good to buy a flat in Bangalore or not.Find flats for sale in Bengaluru at zero brokerage!You must read:I'm a NRI, settled in the US for past 15 years, which is a better city from the point of view of property investment - Pune, Gurgaon or Bangalore?
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Is buying a flat/apartment a good investment option in Bangalore?
ryanashiq
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August 28, 2020
2020-08-28T20:58:27+00:00 2023-06-21T12:20:00+00:00Comment
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