Announcement

Collapse
No announcement yet.

Chennai Versus Bangalore - Investment Options

Collapse
X
Collapse

Chennai Versus Bangalore - Investment Options

Last updated: July 12 2015
103 | Posts
  • Time
  • Show
Clear All
new posts
  • #71

    #71

    Re : Chennai Versus Bangalore - Investment Options

    Originally posted by Natarajg007 View Post
    Bangalore - Invest in a flat since it is cheaper and you can live well.
    Chennai - Invest in a flat as land share is high and it will appreciate better than in Bangalore.
    Land - Prices are almost the same in equally good localities. It will move up almost correspondingly in both places.
    FSI - Theoretically almost same in both places. In practice it is about 3 in Bangalore and 1.75 in Chennai.
    Dear friend,

    Nice reply. But, to be very frank with you, I expected a different reply from you friend.

    ks2071746

    Comment

    • #72

      #72

      Re : Chennai Versus Bangalore - Investment Options

      Originally posted by ks2071746 View Post
      Dear friend,

      Nice reply. But, to be very frank with you, I expected a different reply from you friend.

      ks2071746
      What are you asking for?

      Comment

      • #73

        #73

        Re : Chennai Versus Bangalore - Investment Options

        Good value is not price......it is quality of life

        When I said that Bangalore currently has good value....I didn't mean the price but a number of other intangible factors.

        Let us leave aside FSI, Undivided land share, all these technical terms which are a bit confusing. Let us set aside the price also.

        Bangalore has good value! Why?
        1. Infrastructure: Bangalore though slowly yet steadily has managed to create good infrastructure.
          • Outer ring road has developed so many residential areas in the periphery like Hennur Banaswadi, Marathahalli, K R Puram, Sarjapur Road, HSR layout, BTM layout, Banashankari 3rd stage, Raja Rajeshwari Nagar, Kengeri Upanagar, Jalahalli, Vidyaranyapura, Yelahanka, Hebbal etc. All these areas were scattered in different corners of the city. A single outer ring road connected them and developed them acting as their lifeline.
          • Bangalore Metro - When it starts in 3-4 years it will be the next landmark of Bangalore having the potential to reduce the heavy road traffic.
          • New Bangalore International Airport - Built to handle heavy air traffic which is expected from a international city like Bangalore with frequent travellers this airport does its job well. BIAL also has created 5000 jobs for Bangaloreans last year.
          • Public Transport - BMTC (local transport authority) has a large fleet of A/C Volvo buses connecting different parts of the city. There is also regular fleet of Volvo buses to Bangalore International Airport from important locations like Majestic, Jayanagar. Autos are Metered. KSRTC (state transport authority) also has a large fleet of A/C Volvo buses connecting to Chennai, Tirupati, Mysore, Hyderabad etc
          • NICE corridor - Completed recently, this six lane tolled semi ring road will now become the new lifeline developing even more new residential areas like Electronics city, Jigani, Anekal, Anjanapura, Uttarahalli, Banashankari 6th stage, Peenya, etc.
          • Electricity - Bescom( erstwhile KEB) was the pioneer in purchasing power from other surplus states through national grid due to its own shortages. Bangalore has slowly yet successfully overcome its power shortages through reforms and purchasing from National Grid.
          • Water - Quality of water is more natural and not desalinated water. Again Bangalore has slowly but successfully overcome its water shortages through reforms and now feeds enough water to its citizens.
        2. Government works: Yes the government works there, can be seen and felt.
        3. Recreation:
          • Restaurants - A wide variety as well as a large number of restaurants (Being a foodie myself feel Chennai has less then half the number and also lacks somewhat behind in ruchi or taste).
          • Pubs - Bangalore's the Pub Capital of the country.
          • M G Road, Brigade Road, Commercial Street - No words can explain.........................particularly the Birds
          • Coffee - Nothing like a hot Udupi coffee in Bangalore fantastic!
          • Malls/Shopping - Bangalore is today undisputable Mall capital of India and full of shopping centers.( Inspite of T Nagar, Chennai is far behind in spending and shopping)
          • Mysore, Hoganekkal, Madikeri, Ooty, Tirupati are all well connected by highways.
        4. Higher Education: ( Chennai may have IIT but stills lacks sufficient private colleges, even small Kovai is better) Bangalore has lots of good quality private colleges. Students from all over the country come here for higher education and stay back to work here.
        5. Employment: (Chennai has now almost closed the gap), Still salaries are higher in Bangalore. Opportunities for higher quality jobs are also more in Bangalore.
        6. Residence: Many well developed localities both for rentals and own purpose. (Chennai also has many localities, but lesser number of developed localities).

        Ofcourse there are problems coming up every year in some places in some form but there is a track record of solving them. 3 years back Sarjapur Road and HSR layout used to get water logged ( Chennai don't cheer these cases are few and rare), local goverment took some concrete action, now there is no water logging in Sarjapur Road (ofcourse even when it was there it was just knee deep and not boating contest like madipakkam)

        Based on the above, most are intangibles I meant Bangalore has good value currently. If Chennai can match this, nobody would be concerned about paying more.

        Comment

        • #74

          #74

          Re : Chennai Versus Bangalore - Investment Options

          Vatal Nagraj is enough for Banglaore to go down in future

          Comment

          • #75

            #75

            Re : Chennai Versus Bangalore - Investment Options

            Originally posted by lovebird View Post
            Vatal Nagraj is enough for Banglaore to go down in future
            We all are Indians, we should all be equally proud of Bangalore for having put us in the world map.

            Comment

            • #76

              #76

              Re : Chennai Versus Bangalore - Investment Options

              Originally posted by Natarajg007 View Post
              What are you asking for?
              Dear friend,

              I expected a different reply?

              ks2071746

              Comment

              • #77

                #77

                Re : Chennai Versus Bangalore - Investment Options

                Originally posted by lovebird View Post
                Vatal Nagraj is enough for Banglaore to go down in future
                U mean to say Viduthalai chiruthai are not good enough for TN?

                Comment

                • #78

                  #78

                  Re : Chennai Versus Bangalore - Investment Options

                  To buy a 1500-1800 sq.ft 3 bed flat to let it out on rent which would be ideal location? This is for purely investment purpose and not for self occupation.
                  1. Chennai
                  2. Bangalore

                  Comment

                  • #79

                    #79

                    Re : Chennai Versus Bangalore - Investment Options

                    Originally posted by contra View Post
                    To buy a 1500-1800 sq.ft 3 bed flat to let it out on rent which would be ideal location? This is for purely investment purpose and not for self occupation.
                    1. Chennai
                    2. Bangalore
                    Dear friend,

                    I feel, Bangalore will score over Chennai due to (1) Lower sq. ft. rate at Bangalore with better rental return on investment ( 2 ) Better demand profile in the years to come due to more IT dependance (4) better overall facilities at Bangalore (5) Higher wage structure facilitating higher rentals (6) Improving infrastructure ( 7 ) More cosmopolitan city etc.

                    ks2071746

                    Comment

                    • #80

                      #80

                      Re : Chennai Versus Bangalore - Investment Options

                      Originally posted by contra View Post
                      To buy a 1500-1800 sq.ft 3 bed flat to let it out on rent which would be ideal location? This is for purely investment purpose and not for self occupation.
                      1. Chennai
                      2. Bangalore
                      Well I will repeat that only fools buy flats for INVESTMENT! Anyway since you are specific the answer is simple. Price of a 3bd flat in a similarly good location in Bangalore is much cheaper than in Chennai. So the RENTAL return will be much higher in Bangalore. However since the FSI in Bangalore is much higher than Chennai each Sqft of flat in Bangalore will mean much lesser land ownership and so in the long run the flats in Chennai will appreciate reasonably while in Bangalore they dont. So after 10 years your Bangalore flat might double or triple based on last 10 years while a flat in Chennai would have become 5 times.
                      So which is better is a VERY DIFFICULT question. So to repeat ONLY FOOLS BUY FLATS FOR INVESTMENT! Sane people buy land for investment and flats to live.

                      Comment

                      Have any questions or thoughts about this?
                      Working...
                      X