Apartment and Home Prices in Bangalore

118 Comments on this post

Trackbacks

1. Tax Planning for 2009 - Part 1 wrote:

   [...] to the people who has enough savings and want to invest money on the real estate. For others, it is not the correct time to invest on buying the new houses. For those who want to save money by not investing on the houses, in the next section I will write [...]

   March 30th, 2009 at 5:21 pm

1. Aravind said:

   Thanks for the article. Can you please suggest a website (If there is one) which lists current median rate of apartments by location in Bangalore?

   Thank you

   April 5th, 2009 at 9:03 pm
2. krishnas said:

   HI Arvind,

   You can find the details in popular real estate websites like

   http://indiaproperty.com/
   http://99acres.com/
   http://magicbricks.com/

   There is no website which provides the clear idea of the price. You will have to talk with the builder to know the exact price. sometimes they don’t reveal the real price unless customers come directly.

   Thanks,
   Krishna

   April 5th, 2009 at 9:16 pm
3. Aravind said:

   Thanks very much Krishna. I will check those sites.

   Aravind

   April 12th, 2009 at 11:39 am
4. NMN said:

   Hi,
   The content is good and informative. Since this article is 2 mnts old, I will like to know what is your current opinion. Do you feel we should wait for few more mnts ? Please mail me ur response.

   Thanks

   May 10th, 2009 at 6:16 am
5. krishnas said:

   HI NMN,

   Thank you for the comments. This is the correct time to buy the house. I am not sure if the prices will be reduced further. I could see some uptrend in the global market, that will create more demands in the coming months. I will not advise you to wait further, because there is less chance to reduce further. The election results will have more impact on the market. If you have any doubts please reply to this comments.

   Note: The bank interest rates also reduced. If the demand is increasing then they may increase the interest rates.

   Thanks,
   Krishna

   May 10th, 2009 at 6:22 am
6. NMN said:

   Thanks Krishna for your prompt response. What is your opinion about Mantri Developers upcoming project “Astra” on Hennur Road.

   Also, do you think we should go for underconstruction properties or ready to move in ?

   -Thanks
   NMN

   May 10th, 2009 at 6:31 am
7. krishnas said:

   HI NMN,

   Mantri builder is more trusted builder and so you need not worry much about the security for your investment. If you choose to buy the apartments, then there is many good builders in bangalore.

   If you buy the under construction properties, you will not be able to show that for the tax deduction till you occupy the property. But, in that case you can opt for the partial disbursement or the no disbursement till you get the completed house. Regarding that you can read these articles :
   http://www.thinkplaninvest.com/2008/12/home-loans-and-income-tax-benefits/
   http://www.thinkplaninvest.com/2009/04/home-loans-and-income-tax-benefits-part-2-2/
   http://www.thinkplaninvest.com/2009/03/what-is-emi-and-pre-emi/

   If you have any doubts please reply to this comment.

   Thanks,
   Krishna

   May 10th, 2009 at 6:53 am
8. NMN said:

   Thanks Krishna, I will go thr these articles. I have found all the articles posted over here to be very useful.

   May 10th, 2009 at 7:20 am
9. krishnas said:

   HI NMN,

   Thank you. I am happy to answer all your doubts. If you have any doubts on home loans, tax savings,etc, please read this site and post it in the comments section. I will reply you immediately.

   You can subscribe to future articles here:
   http://www.thinkplaninvest.com/subscribe/

   Thanks,
   Krishna

   May 10th, 2009 at 8:13 am
10. Biju said:

    Hi krishnas,

    I found your site today, & I found it very very useful. I stay in UAE and I am planning to buy a property in Bangalore. Kindly let me know if this is the right time to buy and what kind of questions I should keep in mind when dealing with Home loan ?. I have read some of your postings. What is the current per sq feet prices in bangalore ?.

    Thanks in advance.

    May 15th, 2009 at 12:44 pm
11. krishnas said:

    HI Biju,

    You are planning in the right time. This would be perfect time to buy the property in India. It is expected that the property prices will go up after six months. You can read our home loans related articles here:

    http://www.thinkplaninvest.com/2009/04/top-5-rules-for-home-loans/
    http://www.thinkplaninvest.com/2009/04/tax-planning-for-2009-part-2/
    http://www.thinkplaninvest.com/2009/03/what-is-emi-and-pre-emi/
    http://www.thinkplaninvest.com/2009/03/apartment-and-home-prices-in-bangalore/
    http://www.thinkplaninvest.com/category/banking/home-loans/

    If you have more doubts please reply to this comment.

    Thanks,
    Krishna

    May 18th, 2009 at 1:13 am
12. Matu said:

    Hi Krishna,

    Can you recommend some professional real estate attorneys in Bangalore? My neighbour lot in a completely residential community was bought by a builder and it has been nothing but torture. They have exploited the fact that I live in US. I have had my property for quite sometime but did not foresee this. So may I caution buyers to think about future.

    Thanks!

    June 9th, 2009 at 12:39 pm
13. manu said:

    Hi Krishna,

    I came across this article today and its indeed very informative.
    I had a few questions , how is the market for the resale properties in Bangalore which are over 10 yrs old. I came across an apartment in FerHill Gardens apartment in HSR sec 6, the building is 13 yrs old but the apartment is spacious and in good condition. The building has no amenities except a garden and basement parking.The asking price is 44 lacs.Do you think its a wise option.

    Regards

    June 14th, 2009 at 12:29 pm
14. Jay said:

    Hi Krishna,
    I read your article today and its very informative. My question is what do you think about the resale prices of the apartments in bangalore in a span of 5 years starting from nw.
    I am plannign to buy an apartment in Ananthnagar 2nd phase , electronic city. Its around 2 kms inside from main road. the price for a 2BHK of 1040sqft is 22L. Do u think its good to take an apartment in that part? I am planning to move out of bangalore after 6 years. Will there be a resale value for these apartments? Please reply.

    Thanks

    July 13th, 2009 at 10:50 pm
15. krishnas said:

    HI Manu & Jay,

    For the resale of propery it depends on the name of the builder and other basic amenities like water,etc. Please be sure o check whethere the builder got he approval from he government. However seeing the curren trend, buying property in bangalore will be good option since the prices are low. It will be increased after one years. So, you can expect the good resale value after 3 years itself.

    Thanks,
    Krishna

    July 13th, 2009 at 11:17 pm
16. Jay said:

    Thanx for the reply krishna. The builder i am dealing with is VMAKS. The water facility and all is available. Stationarys and other shops are a bit far. But there is an upcoming supermarket & other constructions near the construction site.
    Since I plan to sell the apartment when i move to my native, I am more concerned whether these projects will be completed by that time.
    Can you suggest some trustable builders & also what all documents should we ask from the builder for verification ?

    Thanks
    Jay

    July 13th, 2009 at 11:23 pm
17. krishnas said:

    HI Jay,

    Are you planning to buy the under construction project?. If you are doing that then you can’t claim the tax benefits. If you want to buy famous builders then it will be very costly.

    If you are worrying abou the resale value of the propery, I would advice you to buy the property in native or any other Tier II cities like coimbatore. In India, real estate prices are too high and it is not the real value. Because one common middle class family can’t afford a house in the city.

    Thanks,
    Krishna

    July 13th, 2009 at 11:30 pm
18. Jay said:

    Hi krishna,
    The project in under construction, but the completion date is October 2009. And also the builder will provide a legal document stating that incase of delay, the corresponding months interest will be paid by the builder.
    Also buying currently in native is not an option for me as my family is with me here. And the real estate prices in kerala(my native) are far too higher than that in bangalore at present.
    Have you got any input about VMAKS builders?

    Thanks
    Jay

    July 13th, 2009 at 11:45 pm
19. krishnas said:

    HI Jay,

    I don’t have much idea on VMAKS builder.

    Thanks,
    Krishna

    July 14th, 2009 at 3:46 am
20. MAK said:

    Hi Krishna,

    We are buying a resale property of 2 years old on the Hennur main road. The Seller has bought the property for 48 lakhs in 2007 and has done all the interiors worth 2 lakhs. He is now selling the flat for 53 lakhs. Do you think it is a good deal?

    July 22nd, 2009 at 12:47 am
21. krishnas said:

    HI MAK,

    I can’t make such decision without seeing the property itself. But, the price Rs.53 lacs is high and why not buy a new apartment for the same price. Now, the prices are come down and you can get good deals for the above price. What is the builder name?

    Thanks,
    Krishna

    July 22nd, 2009 at 1:05 am
22. MAK said:

    Hi Krishna,

    Thanks for your quick response.
    The project is by Jain Heights and the area is 1600 Sq.ft. The project is 500 metres from outer ring road and has good access to schools, offices etc.,,We have seen many new projects in this area but the quality of construction is very low. The flats which we have seen by reputed builders are very expensive. A project which is by a reputed builder and which is 5 Km interior from outer ring road is costing 64 lakhs after very strong negotiation.
    Could you please comment if our decision was good.

    July 22nd, 2009 at 2:17 am
23. krishnas said:

    HI Mak,

    If it has very good amenities and facilities like schools,shops,etc. would be nice. It is difficult to get famous builders for this price. I think you can go with this one if you enquire about the approval of apartment, if you are satisfied then file.

    How much you are putting as the down payment? are you applying for the home loans?

    Thanks,
    Krishna

    July 22nd, 2009 at 2:47 am
24. Manu said:

    Hi Krishna,

    I came across this article today and its indeed very informative.
    I had a few questions , how is the market for the resale properties in Bangalore which are over 10 yrs old. I came across an apartment in FerHill Gardens apartment in HSR sec 6, the building is 13 yrs old but the apartment is spacious and in good condition. The building has no amenities except a garden and basement parking.The asking price is 44 lacs.Do you think its a wise option.

    Regards

    July 22nd, 2009 at 9:32 pm
25. krishnas said:

    HI Manu,

    Resale value is depend on the builder and many other crierias. For example many people check the flat with Vastu. Mainly it depends on the location and amenities.

    Thanks,
    Krishna

    July 24th, 2009 at 2:07 am
26. Ram said:

    Hi Krishna,

    How do we do the valuation for a old flat. I am planning to buy a 9 yr old flat. Building looks good. Builder is also reputed builder. But the owner is quoting around 25L for a 900 sqft(Carpet area) 2bhk with lot of open space in the complex. My doubt is , in this locality a new apartment almost similar quality will cost around 35-40L. So, for 10 yr old apartment it is around 10L less. By buying the old one, i would be taking less loan and saving some money in the interest front. So is it good thinking going for this 10 yr old apartment for this rate? And how do we valuate this aparment, based on rate? Thanks in Advance.

    Regards,
    Ram

    July 30th, 2009 at 11:27 pm
27. Mukul said:

    Hi Krishna,

    Thanks for the nice article, which is so relevant.

    I have a small question – do you know what all taxes are charged in case of buying a flat in a resale? I mean, for a new flat, the build charges VAT, stamp duty, service tax and property registration charges amount alongwith the property price. I have a feeling that only registration charges should be required to pay for a resale flat.

    Is that so?

    Thanks in advance,
    Muku

    August 2nd, 2009 at 12:56 pm
28. vasudha said:

    Hi Krishna,

    You seem well informed. I would like your views on resale appreciation value of two ongoing projects of 2 big builders. Sobha Chrysanthamum at Thanisandra and Prestige Wellington at Jallahalli. Which do you think will appreciate more in future? I am considering investing in either one of them.

    Thanks in advance.

    Vasudha

    August 6th, 2009 at 5:35 am
29. krishnas said:

    HI Mukul ,

    Yes..you have to pay the registration charges while buying the flat. That will have all the charges.

    Thanks,
    Krishna

    August 7th, 2009 at 10:51 pm
30. krishnas said:

    HI vasudha,

    I am not very much known to the said builders. We have to think many factors for the appreciation. In real estate nothing is permanent because something goes off prices will be down. You check with the locality before buying the flats.

    Thanks,
    Krishna

    August 7th, 2009 at 10:53 pm
31. Saurabh said:

    I am planning to buy an apartment in Rajarajeshwari nagar (Brocade Vista). The apartment has good amneties. The rate quoted is 29L (all inclusive) for a 2Bhk of 1021 sq ft. The completion date is Mar 2010. Do you think this is a good option? Any views on the brocade builders?

    August 24th, 2009 at 12:24 am
32. krishnas said:

    Hello Saurabh,

    Price looks OK. But I am not much aware of that builder.

    Thanks,
    Krishna

    August 24th, 2009 at 6:52 am
33. Anand said:

    Hi Krishna,
    Thanks for answering all the queries and helping people in taking wise decision.
    I am a new buyer with doubts and need suggestions. I have seen a apartment with 8 flats near Manyata Tech Park, Hebbal. It has 2BHK flats and spacious, work is also of good kind. However, that flat is located indside residential area and is the only commercial apartment in the locality. I dont have any knowledge about past history of the builder. I liket the flat and want to proceed dealing. What are the things I need to take care of ?? How can I valiate the legality of the apartments ??
    Regards,
    Anand

    August 30th, 2009 at 2:09 am
34. krishnas said:

    HI Anand,

    What is the builder name? If you want to know about the builder search in the net and find some details. But, it will not help you more since new builders will not have more details in the net. You can check for the following details:

    1) ask them whether they have the proper approval from the government.

    2) Banks will have good knowledge about the builders. In cases when you are seeking the home loans, they will not sanction the home loans if there is legal problem with the builder.
    For example, banks are not approving the loans for DLF’s project in baneer gata road because they havn’t got the approval from the authorities.

    3) Ask your friends if they have already bought the apartment in that area.

    I hope this can help you.

    Thanks,
    Krishna

    August 30th, 2009 at 2:39 am
35. Satish said:

    Hi Krishna,

    I have following queries

    1.Is buying an apartment off Bannerghatta Road is wise decision, considering the state of Bannerghatta Road after Mandovi motors towards IIM as well as development this area ?

    2.How’s the ITPL outer ring road area for property purchase ?

    3.How do you see the prices range trend(upward,stable) in next six months for apartments in Bangalore ?

    Thanks in advance..

    August 30th, 2009 at 12:04 pm
36. krishnas said:

    Hello Satish,

    The prices in Bangalore will see the rise in coming months. Because IT industry started recovery and many companies started recruiting again. This will increase the sales of the apartments. I cannot say anything about the particular area whether that is suitable for the investment unless I can visit that place.

    Thanks,
    Krishna

    August 30th, 2009 at 6:05 pm
37. Sachin said:

    We are buying a resale 2BHK flat of 2+ years old on the JP Nagar main road. The Seller has done all the interiors. He is now selling the flat for 30 lakhs. Do you think it is a good deal? Also, How much registration charges I have to pay for the same ? Do I need to get any more details from the Seller ?

    Thanks,
    Sachin.

    August 31st, 2009 at 4:32 am
38. Vishal said:

    HI,

    I am planning to buy a house in E-City, Hosur Road (Ajmera Infinity). What is the prevailing market rate (per SQFT) in this area of the city.

    Also, is this the right choice?

    September 8th, 2009 at 10:33 pm
39. krishnas said:

    Hello Vishal,

    Are you working in ECity?. In that case you can buy the apartment. I personally don’t like to buy the apartment ECity because it not residential place.

    What is your opinion?

    Thanks,
    Krishna

    September 9th, 2009 at 6:27 am
40. Deepak said:

    Hi Krishna,

    I have booked a flat on 9th floor in Singasandra, Bangalore and builder is Arrattulukam Developers. It’s a 13 storey building (2 floors of parking + 11 floors apartments) with all the amenities in 1815 per sq feet and possession is in June 2010. Can you please advise if taking falt on higher floors can be a disadvantage from the point of maintenance and resale value. Also is per sq feet charge expensive for a flat which will be occupied after an year and in area like Sinsasandra.

    Is it a good time to buy flats or shall I wait for some more months.

    Regards
    Deepak

    September 10th, 2009 at 3:30 am
41. krishnas said:

    Deepak,

    It is right time to buy a flat.

    Thanks,
    Krishna

    September 10th, 2009 at 7:00 am
42. Surya said:

    Hi Krishna,
    I am planning to buy an apartment which is 2 yr old and 1100 sq ft plinth area near mattikere and the builder is quoting around 30 lacs. would it be wise to buy that apartment for that price??(the builder looks ok to me). secondly they have installed a BSNL tower on top of the roof and the builder claims that the “roof top” belongs to him legally. is it true that the roof top belongs to the builder legally??

    Thanks in advance.

    September 23rd, 2009 at 12:54 am
43. ANIL said:

    Hi Krishna
    I am Planning to buy a Duplex House in BSK 3rd stage. This is a new house built on 30x 40 site. the total built up area is 3600sqft. The Builder has used ist grade granite for flooring and finishing is good too. The asking price is 1.55crores. Is it a good buy? what will be the registration charges for this house. I am out of India for last 10 years so really do not know much about the prices.
    Please advise.

    September 24th, 2009 at 12:47 am
44. Kumar said:

    Thanks for good tips on Bangalore real estate scenario.I am Delhi Based and am looking at investing in Gokul Dwellington in Mattikere in a 3 BHK at Rs 3000 per sq ft>the total cost of 1350 Sq ft flat will come to about 46-48 lakhs.Is it worth going for investment? Please advoice.Thanks

    September 26th, 2009 at 11:12 am
45. Raja said:

    Hi all,

    I am planning to buy a flat near E-City.

    I saw Sumadhura’ Constructions Paramount SERENE and Arattukulam developers projects in Singhasandra.

    Any issues with these projects?.

    Regards
    Raja

    September 29th, 2009 at 3:57 am
46. Surya said:

    Hi Krishna,
    I am planning to buy an apartment which is 2 yr old and 1100 sq ft plinth area near mattikere and the builder is quoting around 30 lacs. would it be wise to buy that apartment for that price??(the builder looks ok to me). secondly they have installed a BSNL tower on top of the roof and the builder claims that the “roof top” belongs to him legally. is it true that the roof top belongs to the builder legally??

    Thanks in advance.

    September 29th, 2009 at 5:03 am
47. james kj said:

    Hi krishna thanks for your informative site

    I am working in the gulf more than 10 years , technician. still thinking 10 times purchasing a flat in trivandrum, which almost cost my life time earnings. even for area like 1000sq ft. buying with ready cash or through bank loan which would you recoment ?
    what is the criteria for pricing per sq ft? please advise your opinion.
    people like me need advice from experts.

    October 6th, 2009 at 12:54 am
48. krishnas said:

    Hello James,

    Thank you for writing to me. What is your budget for buying the flat. Please provide me some more details like your earnings and expenses, so that I can write a clear advice for you.

    Thanks,
    Krishna

    October 8th, 2009 at 6:31 am
49. Ravi said:

    Hi Krishna,
    Good article, but very brief. The problem is that common people do not tend to differentiate “buying to live” and “buying to sell”. If we are buying to live, even if the prices go down in the near or medium term nothing to worry, because the loan interest rate is at the bottom (or near bottom) now. If we are buying to sell / flip / rent we have to be extremely careful as the high end creamy speculation is gone. It is good in a way. In a country where majority of the middle class can afford less than 20 lakhs for a house what is the logic of constructing large supply of 30+ and 40+ apartments. I hope future will be the era of affordable housing.

    Ravi, Abu Dhabi

    October 9th, 2009 at 10:28 am
50. Asish said:

    Hi Krishna,
    I am planning to buy a site & build a house. Seen some sites near Koppa gate, nisarga & vaitika. Do you think its a nice place to live? I am not able to make up my mind. The rate 1000-1300 range. Sarjapur & Attiable also having sites & villas. which place is good? please suggest & help me to decide.

    Thanks
    Asish

    October 10th, 2009 at 11:31 pm
51. Vijay said:

    Hi Krishna,
    Plz update if you are aware of sumadhura constructions.Is it worth investing for the under construction building of thier’s near kundanhali gate.
    Regards,
    Vijay.

    October 15th, 2009 at 6:46 am
52. krishnas said:

    Hello Vijay,

    I am not sure about the location. You can consult with any person who already invested in that region.

    Thanks,
    Krishna

    October 15th, 2009 at 6:50 am
53. Rajasekhar said:

    Hi Krishna,

    Thanks for your valuable suggestions.

    My office is at Madiwala.

    Recently i saw Sumadhra’s Serene project (off hosur road) near Singasandra – on bogur road.

    This is around 7/8 kms from Madiwala.

    Can you pls give suggestions about this project or ANY OTHER GOOD PROJECTS – off hosur road.

    Thanks.

    Regards
    Rajasekhar

    October 18th, 2009 at 11:57 pm
54. Mohan said:

    I am planning to buy a house in Banashankari. Is it the right time? Will the price drop further?

    November 2nd, 2009 at 8:45 pm
55. Rohit said:

    Hi Krishna,
    I am planning to buy an apartment Nagarjuna constructions, the project is called NCC Aster park in Yelahanka new Town, They are charging 50L for a 3-BR 1620 sqft apartment, do you think the price is right according to the location. This project will get completed by 2010 dec. Whats your feedback on NCC?

    Thanks in advance.

    November 3rd, 2009 at 9:45 am
56. krishnas said:

    Hello Rohit,

    I am not sure about that project.

    Thanks,
    Krishna

    November 3rd, 2009 at 4:21 pm
57. Chandra said:

    Hello All,

    Does anybody have idea about arattukulam developers (also known as aratt homes)??

    Regards,
    Chandra

    November 8th, 2009 at 9:47 pm
58. rahul said:

    Hi krishna,

    Please provide the contact information of person who are dealing and can give us updates on property in maharastra or for that matter anywhere in india . I mean even in the interior and not just metro . I could not find anyone who can give me details about the property price which is not located in metro but is a district or taluka place . I need email id or site addresss of this type of company

    Thanks
    Rahul

    November 8th, 2009 at 11:33 pm
59. krishnas said:

    Hello Rahul,

    Are you asking about the builder details in Bangalore, or Maharastra?

    Thanks,
    Krishna

    November 9th, 2009 at 8:45 am
60. rahul said:

    Hi krishna,

    No builder details but want to know about the property /land rates in particular areas. To be specific, I need to know about Nagpur/Amarvai area maharastra…the land rate there.
    Pls provide me details or broker/developer

    November 9th, 2009 at 11:18 pm
61. krishnas said:

    Hello Rahul,

    I don’t have the details of broker in Maharastra. I hope you can get it from any of the real estate site.

    Thanks,
    Krishna

    November 9th, 2009 at 11:41 pm
62. ap said:

    Hi Krishna,

    I am planning to buy a 5 year old fully furnished 3BHK apt in MS Ramiah silicon fields on brooke fields main road for 48L+reg. Is that a good option. What will be the resale value 5yrs, 3yrs from now. Please advice.

    -ap

    November 14th, 2009 at 10:46 pm
63. ap said:

    BTW the apt has only basic aminities. has only a small gym and no pool.

    November 14th, 2009 at 10:53 pm
64. Pravin said:

    hi

    i have taken a homeloan of Rs. 20 lakhs (15 yrs) from LIC Hosuing. I would like to take a insurance cover for this amount in case of any eventaulity so that family doesnt suffer for this loan amount. Please help me with some good plan to secure this loan amount, as there are so many players in the market with different products, so i m a bit cofused

    do let me know some company and plan name which will help me to cover the risk for 20 lakhs…

    regards

    November 16th, 2009 at 4:13 am
65. Narayanan said:

    Hello Krishna,

    Thanks very much for this very informative article.

    Are the registration charges for a property resale higher than buying a brand new aparment from the builder? I’m a first time buyer and am considering buying a 1800 sq ft flat built by Sindhu builders for 55 lakhs+registration on Sarjapur Ring Road opposite Intel. Please advise if this is a worthy investment and what would the final price be if you include the registration fee?

    November 20th, 2009 at 8:27 am
66. Pavan Deshpande said:

    Hi Krishna,

    I am planning to buy a 5 year old fully not furnished 2BHK apt in ITTINA ABBY LBS Nagar around 2.5 Km from HAL airport Bangalore for 28L+reg. Is that a good option. What will be the resale value 5yrs, 3yrs from now. Please advice.

    -Pavan

    November 24th, 2009 at 3:47 am
67. Pavan Deshpande said:

    Hi Krishna,

    I am planning to buy a 5 year old not fully Furnished 2BHK apt in ITTINA ABBY LBS Nagar around 2.5 Km from HAL airport Bangalore for 28L+reg. Is that a good option. What will be the resale value 5yrs, 3yrs from now. Please advice.

    -Pavan

    November 24th, 2009 at 3:48 am
68. krishnas said:

    Hello Pavan,

    It depends on the various criterias to buy the apartment. It is better you can check with whom already bought with the same builder.

    Thanks,
    Krishna

    November 24th, 2009 at 5:42 pm
69. venkat said:

    Hi Krishna,

    I have read your article today only. I am planning to buy a resale apartment which is 3 year 6 months old. The super builtup area is 1210 sq. ft.It is semi furnished. The builder name is Ittina and project name is souparnika. It is located on sarjapur road, neat to wipro corporate offer. Flat owner is quoting around 32 Lacs + registration. Is it good to buy a resale apartment? what are the things need to be taken care in case of resale apartments?

    Thanks & Regards,

    Venkateswara Rao K

    November 25th, 2009 at 1:46 am
70. krishnas said:

    Hello Venkat,

    There is nothing wrong in buying the resale apartment if the condition is good. You have to check for the following things before buying:

    1. If there is any existing loans for the apartment.
    2. Does it require any repair work to be done. Compare the price difference if you buy the new apartment in the same location.
    3. Check if the builder got all the required approvals from the govt.
    4. Also talk to anyone who are staying in the apartments if there is any issue. That may be the reason why he is selling it.

    Thanks,
    Krishna

    November 25th, 2009 at 8:14 pm
71. Narayanan said:

    Hello Krishna,

    Thanks very much for this very informative article.

    I’m a first time buyer and am considering buying a 1800 sq ft flat built by Sindhu Amazon builders for 55 lakhs+registration on Sarjapur Ring Road opposite Intel. Please advise if this is a worthy investment and what would the final price be if you include the registration fee?

    Thanks for your help.

    Best Regards,
    Narayanan

    November 25th, 2009 at 9:28 pm
72. krishnas said:

    Hello Narayanan,

    I am not having knowledge about the mentioned builder. It is better talk to the concern person for more details.

    Thanks,
    Krishna

    November 25th, 2009 at 10:24 pm
73. Chandra said:

    Hi Krishna,

    Can you suggest some good lawyers for checking plot papers??

    And is it worth buying plot near Sarjapur (12 kms from Wipro Corporate office)??

    November 25th, 2009 at 10:31 pm
74. Chandra said:

    Hi Krishna,

    Can you suggest some good lawyers for checking plot papers??

    And is it worth buying plot near Sarjapur (12 kms from Wipro Corporate office)??

    Regards
    Chandra

    November 25th, 2009 at 10:32 pm
75. Venkat said:

    Hi Krishna,

    I have see one flat in Marthahalli. The builder name is Vishnupriya and project name is parimala elan apartments. This project is located just behind kalamandir, outerring road, marthahalli and next HEA college.

    I haven’t heard of this builder, I am looking for your opinion about this project and what would be price in this area.
    Is it a wise decision to go with this builder?

    Thanks & Regards,

    Venkatewara Rao K

    December 2nd, 2009 at 12:33 am
76. krishnas said:

    Hello Venkat,

    I don’t have much idea on the location and builder. You can check the details here:
    http://www.vishnupriyabuilders.com/

    Thanks,
    Krishna

    December 2nd, 2009 at 7:24 pm
77. Nila said:

    How is the project Durag Rainbow which is at Mahadevpura near to KR Puram bridge next to the new More store on the outer ring road.
    This is a new project from durga group and launch price is around 2750 ? Any comments please

    December 22nd, 2009 at 4:55 am
78. Suresh said:

    Hi ,
    I am planning to buy apt in bangalore,have to decide between 2 Royal legend bommanahalli 2 bhk is 42 laks and Suraksha fairview in whitefeild road around 2300 per sqft.Which will be the good investment.Reply as soon as possible

    January 2nd, 2010 at 2:07 pm
79. Satish said:

    Hi,

    Is it worth buying a resale flat 1100 sq. ft. (Rs/-34 lacs exclusive ) at Vijaya Bank layout, off Bannerghatta road. ? Not sure of the returns after 5 years, if decide to sell !!! looking at the traffic condition on Bannerghatta road and narrow entrance to Vijaya bank layout from behind IIM/ through Billekahalli. ? Not sure whether frequent power fluctuations/outages are common in other parts of city like Vijaya Bank layout.

    Requesting you to put some light on above queries.

    Also what is the percentage commission agent charges for such deal

    Thanks in advance…

    January 3rd, 2010 at 8:21 am
80. Vijay said:

    Is it a good idea to invest around 80L (@4500/sq ft) in a 1800 Sq ft 3BHK apartment on Nandi Durga Road? The location is excellent, but the apartment happens to be almost 18 year old.

    Please suggest

    January 6th, 2010 at 12:03 am
81. Bhushan pathak said:

    HI!!
    Is it worth to buy 13 years old flat ????
    If i wish to sale the flat ,Will get the resale value after 2 years ??

    regards,

    Bhushan Pathak

    January 14th, 2010 at 9:22 pm
82. krishnas said:

    Hello Bhushan pathak,

    The value is depend on the location.

    Thanks,
    Krishna

    January 15th, 2010 at 4:53 am
83. Venkat said:

    Hi Krishans,

    I have vistied one flat which is almost 2.5 years old in Sarjapur road. The owner is quoting around 47 Laks + Registration. The flat size is 1465 sq.ft. Is it worth of buying resale flat with this price?

    Your feedback is really appreciated.

    Thanks & Regards,

    Venkat

    January 16th, 2010 at 7:50 am
84. krishnas said:

    Hello Venkat,

    The price is as per the industry. But, before buying verify all other things.

    Thanks,
    Krishna

    January 16th, 2010 at 8:17 am
85. Nalini said:

    Hi Krishna,

    We have planned to get a 2bhk individual house in Brindhavan layout near Ramamurthy nagar, Bangalore. The house is 5 yrs old and the locality seems to be very good. But the owner addresses land value of 1900/sq ft. We wanted to know land value of this area and whether the bank may approve the load with the same land value.

    Regards,
    Nalini

    February 8th, 2010 at 10:25 pm
86. jayanthi said:

    Sir,
    am planning to buy a resale flat full furnished which is 3 years old, for 35.50 lakhs at cofeeboard layout, kempapura(near hebbal). builders name is lakshmi builders(lakshmi rhythm). ther r amneties like carparking, generator, water frm borewell etc. also ther is proximity to schools and shops.is this a fair deal or shud i negotiate

    February 15th, 2010 at 10:30 pm
87. Ramya said:

    Hi ,
    I am planning to buy 3 BHK in Indra sadan (http://indrasai.com/) in marhatalli. 1540 sqft quoting 50L … Is it good idea any ideas about it

    February 27th, 2010 at 3:09 pm
88. Venkat said:

    Hi Ramya,

    I am also looking to buy and plan to visit site tomorrow. Is the price quoted basic cost or inclusive of all amneties? Is it under construction or ready to occupy?

    Thanks & Regards,

    Venkateswara Rao K

    February 28th, 2010 at 8:21 am
89. Ramya said:

    Hi, venkat
    it is ready to occupy and price are inclusive of all amenities.
    Please let me know what you think after you visit the building.

    March 1st, 2010 at 3:40 pm
90. Ramya said:

    I am wondering If you get chance to see the apartment and how was it Iam curious to know.

    March 8th, 2010 at 5:28 am
91. Aditya V said:

    Hi,
    I had a query regarding current (March 2010) costs of apartments / row houses / villas in Blr (Whitefield/Brookefield area). Most of the builders are quoting 1.5 CR + and the ones that are around 2CR+ are more attractive – for e.g. Chaitanya etc.
    I also looked at Citilights builders – how good are they? Same as Sobha or better / worse?
    What abt Windmills of your Mind project?
    Advice on some good value for money projects will be great.
    Cheers
    Aditya

    March 10th, 2010 at 9:01 am
92. Divya S said:

    Krishna – You’ve obviously submitted this article a year back. Did you notice a reduction in house prices over the last year? I didn’t, infact on the contrary I have seen them go up drastically. I’m looking to invest at this time and the advice I hear from a lot of people is similar to what you’ve said in your article. But given that prices have gone up in the last year when they seemed unreasonable, is it ever likely to go down? Especially in a country like ours where the property development industry isn’t regulated by any standards? One relies purely on the integrity of the developer to quote the correct price! And they’re not people with a lot of integrity if comments on your website are anything to go by.

    I don’t intend to challenge you on what you’ve written but make a genuine query about whether buying in India, not for investment purposes, but to live at this time is wise. And if it is, what a reasonable budget for a decent 3/4 bedroom house 2000+ sft is in and around whitefield / sarjapur road.

    Thanks
    Divya

    March 10th, 2010 at 10:23 am
93. Venkat said:

    Hi Ramya,

    Sorry for responding late to your message. I did not get chance to visit the apartment as I was busy with other commitments. I would surely visit if any flat are still available.

    Thanks & Regards,

    Venkateswara Rao K

    March 29th, 2010 at 3:58 am
94. Venkat said:

    Hi Krishnas,

    One of my friend has told me about Occeanus new project in Sarjapur Road ( Hosa road which connects sarjapur road with Hosur road). It is still in pre-launch project. they are planning to lauch in July this year. From the launching date, it will take 30 months to get completed for possession. Now they are ready to give at rs.2300/- per sq. ft. I have couple of question for you.

    1. Is this price reasonable in that area?
    2. Is it good to go for pre-launch projects?

    Your inputs are really appreciated.

    Thanks & Regards,

    Venkateswara Rao K

    March 29th, 2010 at 4:02 am
95. Ramya said:

    Hi venkat,
    I am looking for apartment in bangalore now. I heard Indra sadan is good. I looked at it and liked it but I am just wondering if you heard or know anything about it let me know. I havent finalized yet still doing some negotioations with them.

    April 3rd, 2010 at 5:03 pm
96. Venkat said:

    Hi Ramya,

    I haven’t heard about them. It would be greatly appreciated if you could share the links and contact numbers which will be helpful to make a visit.

    Thanks & Regards,

    Venkateswara Rao K

    April 5th, 2010 at 3:28 am
97. Ramya said:

    Indrasai Developers
    Flat No.- 007,
    Indrasadan Apartment,
    Garudacharipallya,
    Mahadevapura Post,
    Bangalore – 560 048
    Ph : +91-080-23681907
    Mob: +91 9886000323

    I saw the apartment their construction is excellent. only thing I am thinking about is price it they can little bit negotiate on it I will go with it. Of all the apartment I have seen that is very conventional apartment and their construction is superior

    April 7th, 2010 at 5:54 pm
98. Balaji said:

    Hi Venkat/Ramya,
    I reached this post after googling for indra sadan. I saw the building yesterday and liked it. As said, the price is a bit steep at 2500/- sq.ft. I got to know the basic cost is negotiable. Any ideas till what extent? have you guys decided on buying at indra sadan? Is a group negotiation possible with the builder then?

    April 12th, 2010 at 4:02 am
99. Balaji said:

    Ramya/Venkat,
    I saw indra sadan yesterday and found it to be good. The prices is a bit on the higher side… at 2500/- sq.ft. negotiable it seems.
    any idea to what extent? btw, in case you guys are planning to buy, can we do a group negotiation with the builder?

    April 12th, 2010 at 4:04 am
100. Venkat said:

     Hi Balaji/Ramya,

     I too visited this saturday and liked it. But, I have some concerns on Vastu aspect. The guy who assisted me in showing the flats, told they did not much attention to vastu as their primary intention was make it conveneint and comfortable stay for the residents. I have been thinking on vastu aspect, not yet ruled out.

     When comes to price, even I feel it is at higher end only. I am sure he will come down if we go as group.

     I will let you know my decision very soon.

     Thanks & Regards,

     Venkateswara Rao K

     April 12th, 2010 at 8:25 am
101. Ramya said:

     Hi Venkat/Balaji,
     Sorry I didnt check this website for long time. I talked to the supervisor yesterday and It seems he will come upto 2400/sqft. I am interested in group purchase too. Let me know what you have decided. I really dont like any big apartments. I really like this apartment as it is very well constructed and I think there is no vastu complaints in this building. I went their with my friend (He is a bit vastu specialist) he told me east facing is very good ..

     April 20th, 2010 at 4:11 pm
102. Ramya said:

     I am also wondering do you know how many are left now. Infact I like both 1685 and 1580 one.

     April 20th, 2010 at 4:12 pm
103. Venkat said:

     Hi Ramya,

     Its been almost 2 weeks since I visited this flat. I was told that both are available ( I belive 1580 is west facing one and 1685 is south facing one.). Still I am thinking on vastu aspect.

     I will let you in few days about my decision.

     Thanks & Regards,

     Venkateswara Rao K

     April 20th, 2010 at 11:10 pm
104. surekha said:

     hi krishna,
     I saw one apartment which is 20 years old,780 sq ft.It is in jayanagar.I came to know that the apartment will be demolished in 5 years down the lane and reconstruct it. Is it wise to invest in such apartment.

     April 30th, 2010 at 3:14 am
105. Ramya said:

     Hi venkat/Balaji,
     Have you decided on any flat yet? or are you still interested in group purchase for Indra sadan?

     May 12th, 2010 at 9:57 am
106. jayaram said:

     Hi
     I have 2 flats in Purvankara Highland projects, which is situated at Kanakapura Road possition in Oct’2010.
     Interested catch me on jai_sai75@hotmail.com

     May 18th, 2010 at 2:04 am
107. jayaram said:

     looking for Housing loan in bangalore, catch me on jai_sai75@hotmail.com

     May 18th, 2010 at 2:06 am
108. jayaram said:

     We have 1085 sqft ready to occupy flats in Ramamurthy nagar near to K R Puram Railway station. with all aminities like Swimming Pool, Club House, Childrens Play Area, Tennis Court. Total 316 flats.
     Interested catch me on jai_sai75@hotmail.com. Loans will be arranged from all the bank.

     May 18th, 2010 at 2:12 am
109. Nitin said:

     If you are looking to do the interiors of your house/flat and require the services of an interior designer to turn your house into a dream home then please contact. Nine three seven nine four three four zero one five.

     I am a freelance Interior Designer.(9379434015)
     I undertake turnkey residential projects. It covers all aspects of interiors, i.e. design concept, color schemes, wood work, POP work, electrical work.
     Good quality work for durability and perfect finish. Have a team of dedicated and skilled carpenters.
     No overhead expenses of office and staff. Very reasonable charges.
     Total customer satisfaction.
     Visit completed and ongoing sites to decide for yourself.

     May 22nd, 2010 at 11:43 pm
110. Sandeep Mittal said:

     H all,

     I am planning to book an apartment at Nester Raga in Marathalli, Bangalore. Could anyone can provide any idea about rate per sqft in this area. Is nester a trusted developer?.

     Any help is highly appreciated.

     in exact address is

     Project Name: Nester Raga
     http://www.nesterprojects.co.in/

     Project Address:
     Sy. No.152 & 153 Mahadevapura,
     Marathalli-K.R. Puram, Outer Ring Road,
     Bangalore-560048

     May 23rd, 2010 at 6:46 am
111. HBN said:

     Hi Krishna,

     Do you have any idea about the builders ‘Jain Heights & Structures Pvt. Ltd.” . I am about to finalise a 2 BHK at their SORINA Project in Koramangala 7th Block. I’m desperately trying to get some feedback on their construction quality etc., ease of transaction etc.

     If someone can help on this, it would be a great help

     - HBN

     June 2nd, 2010 at 4:01 am
112. Balaji said:

     Venkat/Ramya,
     I didn’t check this site for a longtime. I have dropped IndraSadan for couple of reasons.
     First they have south facing apartments in 1st floor which are not Vaastu Compliant.
     The north facing apartments in 3rd floor are good but the 4th floor of the building is illegal. So any demolition will have its impact on 3rd floor.
     Are you guys looking up at anything else?

     June 14th, 2010 at 4:03 am
113. Balaji said:

     Sandeep,
     In Mahadevapura apartments cost 2500/- sq.ft negotiable. Depending on proximity to ORR i expect prices to varying + or – Rs.100/- to Rs.200/-. This is just a approximation and i am no expert in this field.
     But you need to consider other details like is it under construction, when is the posession etc. That should get the prices slightly lesser. My guess it should be 2000/- to 2500/- sq.ft.
     What is the price the builder quoting? Did you check Block A? Is it complete? The website says Block – A is Soldout..:-)
     How is the construction quality, finish etc?
     Do let us know.

     June 14th, 2010 at 4:17 am
114. Edward said:

     Apartment and home prices in Bangalore:

     Hi Krishna
     Can you suggest a 2 BR Apartment in a locality close to universities?
     (offering post graduate degrees in management)
     Thank you
     Edward

     June 14th, 2010 at 6:55 am
115. Venkateswara Rao K said:

     Hi Balaji,

     Thank you balaji for enquiring. I also had dropped from Indirasadan for the same reasons. I am still looking but, in and around sarjapur roads.

     Thanks & Regards,

     Venkateswara Rao K

     June 15th, 2010 at 8:13 am
116. Saurabh said:

     I work in Sarjapura Road and planning to buy flat at 14th floor in underconstruction project Soverign Unnati, Hormavu Rd, Blr.

     Currently selling at 21L including very lucrative amenities, but want to know what will be the appreciation after 5 yrs. I hv concerns buying at almost top floow what will be the resale value at top floor after 5 yrs for 21L flat. Its purely for investment.

     June 16th, 2010 at 7:21 am
117. Sajid said:

     Be carful About arattukulam, U will get cheated in long term.

     June 29th, 2010 at 10:39 pm

LEAVE A COMMENT