Should I avoid 1/2BHK projects if I'm buying 2BHK? - Indian Real Estate Forum

simantadatta · 30-07-09

I am considering buying a 2BHK flat in Balewadi which also has 1BHK flats... Basically it's a 50-50 ratio of 1 and 2 BHK... and the builder is not that renowned either.

But a friend told me to avoid these type of 1-2 BHK projects because as per him the "class of the society" won't be that good as compared to a "2-3 BHK" one. I never thought from this perspective. Is this true ?... would like to know if any of you ever felt this ?

PS: I'm buying this for temporary staying and investment purpose but NOT from long term staying purpose and I have budget constraint of 30 lakhs for the full package.

veeemkay · 01-10-09

Better to buy a flat where there are not more than 1 owners.!!!!!

Check this example where the builder sold the same flat to 2 and in some cases 3 owners.!!!!

]http://www.mumbaimirror.com/article/2/20091001200910010200003125025e650/Whose-house-is-it-anyway.html[/URL]

VK

mahesh pune · 01-10-09

Quote:

Originally Posted by simantadatta

I am considering buying a 2BHK flat in Balewadi which also has 1BHK flats... Basically it's a 50-50 ratio of 1 and 2 BHK... and the builder is not that renowned either.

But a friend told me to avoid these type of 1-2 BHK projects because as per him the "class of the society" won't be that good as compared to a "2-3 BHK" one. I never thought from this perspective. Is this true ?... would like to know if any of you ever felt this ?

PS: I'm buying this for temporary staying and investment purpose but NOT from long term staying purpose and I have budget constraint of 30 lakhs for the full package.

You don't think you will feel proud that u have 2 bhk and other has only 1 ? 3 BHK person might consider u as lower class , right ?

ash7979 · 01-10-09

Quote:

Originally Posted by amsancheti

What rubbish!! I stay in 1 BHK but I belive to belong to "Good class of the society"......... number of bedrooms doesnot decide the class of society its THINKING OF THOSE PEOPLE .....

"Class" is nothing but thinking of ppls only.... And you can not help it, if ppls (specially in India) have this thinking that your "Class" is decided by numbers of Bedroom in your House or "Size of your Car".....

harishkulks · 01-10-09

Quote:

Originally Posted by amsancheti

What rubbish!! I stay in 1 BHK but I belive to belong to "Good class of the society"......... number of bedrooms doesnot decide the class of society its THINKING OF THOSE PEOPLE .....

Very true...1 BHK does not mean lower class at all. Infact, 1 & 2 BHK's have more investment returns and for a small family at a very good location with proper infra/water, 1BHK's are going like a hot cookie.Unfortunately, there are very few 1 BHK's available at a prime location.(e.g -Aundh)
I was about to buy a 1BHK resale flat near Parihar Chowk,Aundh for 23Lacs

in late 2007 seeing the RE prices soaring fat. Managed to live on rent in a 2BHK flat very near to it and saved some money.

Navina · 01-10-09

I dont think that lower class society people stay in 1 bhk and upper class stay in bigger apartments. Its mostly driven by need than by class. I would have also been staying in a 1 bhk if I did not have my MIL staying with us. If you like the neighbourbood and can afford it, then just go ahead.

ramkumar · 01-10-09

i have observed similar trend of purchasing resale flat 1-2 BHK in few months back. Owners who accurately guessed that RE prices are falling down, made money out of that.

mahesh pune · 01-10-09

Quote:

Originally Posted by amsancheti

What rubbish!! I stay in 1 BHK but I belive to belong to "Good class of the society"......... number of bedrooms doesnot decide the class of society its THINKING OF THOSE PEOPLE .....

If you 'Read between lines' I want to say same thing that class does not belog to no of bedrooms.

vinitbhamare · 01-10-09

Quote:

Originally Posted by simantadatta

I am considering buying a 2BHK flat in Balewadi which also has 1BHK flats... Basically it's a 50-50 ratio of 1 and 2 BHK... and the builder is not that renowned either.

But a friend told me to avoid these type of 1-2 BHK projects because as per him the "class of the society" won't be that good as compared to a "2-3 BHK" one. I never thought from this perspective. Is this true ?... would like to know if any of you ever felt this ?

PS: I'm buying this for temporary staying and investment purpose but NOT from long term staying purpose and I have budget constraint of 30 lakhs for the full package.

Its all in mind, people think that, buyers of big flat are wealthy and well educated, which is not always true. Any gunda/mafia/politician can purchase big budget flat in posh society.

-Vinit

hporwal · 01-10-09

http://www.mumbaimirror.com/article/...it-anyway.html

but does system does'nt catch the registration of the same flat on the multiple peoples name.

this is big concern, what is the way to detect that the flat is not sold before or after to someone else by the builder?

in that case i think, registered mortgage is the better option as compared to the equitable mortgage.

30-07-09	#1
simantadatta Member Join Date: Jun 2009 Posts: 88 Thanks: 0 Thanked 0 Times in 0 Posts	Should I avoid 1/2BHK projects if I'm buying 2BHK? I am considering buying a 2BHK flat in Balewadi which also has 1BHK flats... Basically it's a 50-50 ratio of 1 and 2 BHK... and the builder is not that renowned either. But a friend told me to avoid these type of 1-2 BHK projects because as per him the "class of the society" won't be that good as compared to a "2-3 BHK" one. I never thought from this perspective. Is this true ?... would like to know if any of you ever felt this ? PS: I'm buying this for temporary staying and investment purpose but NOT from long term staying purpose and I have budget constraint of 30 lakhs for the full package.

01-10-09	#7
ramkumar Member Join Date: Aug 2009 Location: pune Posts: 69 Thanks: 0 Thanked 0 Times in 0 Posts	resale flats i have observed similar trend of purchasing resale flat 1-2 BHK in few months back. Owners who accurately guessed that RE prices are falling down, made money out of that.

01-10-09	#10
hporwal Member Join Date: Sep 2009 Location: Pune Posts: 369 Thanks: 0 Thanked 0 Times in 0 Posts	http://www.mumbaimirror.com/article/...it-anyway.html but does system does'nt catch the registration of the same flat on the multiple peoples name. this is big concern, what is the way to detect that the flat is not sold before or after to someone else by the builder? in that case i think, registered mortgage is the better option as compared to the equitable mortgage. Last edited by hporwal; 01-10-09 at 07:58 PM.

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01-10-09	#2
veeemkay Senior Member Join Date: Jul 2009 Posts: 557 My Mood: Thanks: 4 Thanked 2 Times in 2 Posts	Better to buy a flat where there are not more than 1 owners.!!!!! Check this example where the builder sold the same flat to 2 and in some cases 3 owners.!!!! ]http://www.mumbaimirror.com/article/2/20091001200910010200003125025e650/Whose-house-is-it-anyway.html[/URL] VK

01-10-09	#6
Navina Member Join Date: Aug 2009 Posts: 199 Thanks: 0 Thanked 0 Times in 0 Posts	I dont think that lower class society people stay in 1 bhk and upper class stay in bigger apartments. Its mostly driven by need than by class. I would have also been staying in a 1 bhk if I did not have my MIL staying with us. If you like the neighbourbood and can afford it, then just go ahead.