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Old November 16 2010, 04:03 PM   #1
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Default Is it wise to invest in a Flat

Hi,
I am living in Bangalore for the past 5 years and decided to buy a Flat for my usage.Probably I may have to sell my Flat after some time say 5 years.My question is "Will I be able to resell my flat with a decent cost or will it be a problem reselling a old flat?".Kindly advise.Thanks in advance.

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Old November 17 2010, 09:20 PM   #2
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Depends on what exactly you own. If u r owning a flat in Shobha, Mantri etc. demand as well as re-sale value will be more. But if its an ordinary builder u will have a tough time selling for the value u expect and getting customers.

As a general comment - There are so many new apartments vacant in bangalore. Demand is less supply is too much. Only premium builders sells and resells and thus the high cost at the outset.
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Old November 18 2010, 08:15 PM   #3
 
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Quote:
Originally Posted by dharan81 View Post
Hi,
I am living in Bangalore for the past 5 years and decided to buy a Flat for my usage.Probably I may have to sell my Flat after some time say 5 years.My question is "Will I be able to resell my flat with a decent cost or will it be a problem reselling a old flat?".Kindly advise.Thanks in advance.
If you are buying a flat with cash (no loan) and if you are claiming tax break, then it's advisable to buy and at least hope to sell for a small loss.
This loss could be offset by your income tax gains. If you are trying
to invest in a flat for appreciation, then the chances are less. You may
as well buy land in a decent layout/area.
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Old November 19 2010, 12:53 PM   #4
 
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Default flats

Quote:
Originally Posted by dharan81 View Post
Hi,
I am living in Bangalore for the past 5 years and decided to buy a Flat for my usage.Probably I may have to sell my Flat after some time say 5 years.My question is "Will I be able to resell my flat with a decent cost or will it be a problem reselling a old flat?".Kindly advise.Thanks in advance.
I request you to go for the prelauching flats that will fetch you nice income
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Old November 30 2010, 12:14 AM   #5
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flats r depreciating asset.. economy booming, RE booming is all speculation.. so one should take calculated risks while buying such assets..
land is appreciating asset very much like gold..
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Old November 30 2010, 12:31 AM   #6
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As you may have seen, there is a lot of news floating around on fake loans being awarded to real estate companies.
The political nexus of the real estate industry seems to getting more and more clear and one can expect some moves by the banks and RBI to cut this down.
As you would have read in some articles, RE is expected to see cash flow problems going forward and a correction of some sorts is expected. Already the prices have hit the roof and the number of deals have reduced drastically.
At this point in time I will advise you to wait and see how the whole scenario plays out (even if you want to buy a flat).

However on a seperate note, a flat (esp if taken on a loan) is definitely not an investment. Not at these prices.
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