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Old apartment in adyar vs individual house in medavakkam

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Old apartment in adyar vs individual house in medavakkam

Last updated: April 26 2019
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  • Old apartment in adyar vs individual house in medavakkam

    Guys i have a question. Hope seniors here would help to throw some light.

    i am searching for a property to invest in chennai. Objective is pure investment. I will not stay in the property. I am living in singapore and will stay there. What i expect from the property is to appreciate in price may be double (or triple?, ) in 10-15 years and generate a decent rental income along side. I finally chose 2 choices: apartment in a very good locality like Adyar or an individual house in Medavakkam. After some search i have a flat in adyar which is 1100 sq ft at 1.2 c generating 30k rent and 18 years old and an individual house in medavakkam at 1.6 c which is 1 ground and 5 years with 2 houses and generates around 30k rent. To be honest this house is nice.

    What will be a good choice here?

    On a parameter: In terms of appreciation after 10-15 years?

    Is it worth to buy 18 year old property?
  • #2

    #2

    Re : Old apartment in adyar vs individual house in medavakkam

    Pls dont go for 18year old Flat. Its better to 5years old individual house. After 15-20 years anything you can do on individual house..

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