Quote:
Originally Posted by rsingh13
Resale flats are good in various aspects.....but as u mentioned are they worth payin the cost of new flats ???? If no then wht should be the ideal differnce.....Mny times this makes it a difficult call.
One of my frnd enquired for a 3bhk resale flat in Aundh.....he was told property is 8 years old.....n the cost 67 lacs.....
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In boom time, there was no logic at all. However, when market stabilises, from market price for new ones, reduce 16-20% for upto 3 years & so on for resales. It is also important to see whether new constructions are coming up in the vicinity. However, in case of flats, post 10-12 years of age of the flat, the price dips drastically. Only bungalows/plots have long very long/infinite life. This logic won't work as of now as the prices for new properties are yet to bottom out.