Should I buy a new property or an old property in Chennai?

Buying a property in Chennai is a huge decision and takes a lot of thinking and analyzing. There are few points that you should consider before deciding to buy an old property or a new one. Here are few: 1. First of all you need to know if you are looking for personal use or investment purpose. If you are looking for buying for personal use then I would recommend you buy an old property (at the max 5-7 years old). 2. On the other hand, if you are looking for investment and selling the property later, it is better to buy a new property than a resale property. This is because you won’t get a good resale value on a resale property. 3. Resale property rates are usually less than that of ready to move in property. However, at times, if the property is aged between 3-5 years, the resale price might be higher than that of ready to move in property. 4. Lastly, the location! Location plays an important role in buying a property. Be it for self use or investment, choosing a property that suits your purpose its crucial.