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Chennai Versus Bangalore - Investment Options

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Chennai Versus Bangalore - Investment Options

Last updated: July 12 2015
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  • #81

    #81

    Re : Chennai Versus Bangalore - Investment Options

    Dear friend,

    There are also some fools who have bought land in remote god foresaken places and suffering with no appreciation or less appreciation as well as land grabbing by unscrupulous elements. One need to be very cautious in selecting and buying the land.

    ks2071746

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    • #82

      #82

      Re : Chennai Versus Bangalore - Investment Options

      Originally posted by Natarajg007 View Post
      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.


      To buy a site ( either 1 plot of 2400 sq.ft or 2 adjacent plots of 1200 sq.ft each) which is the best location?
      1. Chennai
      2. Bangalore
      The house or shops will be constructed only after 10-12 years, so immediate construction, amenities are not necessary. However a proper layout plan, roads and strong legal papers are must.

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      • #83

        #83

        Re : Chennai Versus Bangalore - Investment Options

        I personally dont feel secure buying land in a remote locality in Bangalore. In Chennai there are no deserted localities. Even 100km from Chennai any area will have some density of population. I prefer Chennai outskirts to Bangalore outskirts for buying land without any doubt.

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        • #84

          #84

          Re : Chennai Versus Bangalore - Investment Options

          I started reading this discussion recently, I was also torn between Bangalore and Chennai, I am a tamilian, and I have opted for Bangalore, for the weather, the people, less volatile, for the infrastructure developments that are going on at breathtaking pace, for the facts their is no River Coomb over there, and therefore less mosquitoes!And because you can get a far bigger and better quality dwelling for a far lesser price in a good locality compared to Chennai.

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          • #85

            #85

            Re : Chennai Versus Bangalore - Investment Options

            whatever ppl say----Madras, MadRAS than....(for me it is still MADRAS )
            FYI I am torn between Madras & Hyderabad. But just the names of places in Madras excites me....In Hyd the prices are less when compared to Madras/Banglore, but I'd prefer atleast a 1 bhk in 'mosquitoe filled' Madras rather than a tajmahal in Hyd

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            • #86

              #86

              Re : Chennai Versus Bangalore - Investment Options

              Now a days plots within city limits in chennai & bengaluru are not possible, when you go outskits, I would go with Chennai. The chennai outskirts are growing fast, you can find people around, good layout plan.

              But make sure politicians, goondas and illegal people are not occupying your plots. It's common there. Therefore, regular and close monitoring required after you buy them.




              Originally posted by contra View Post
              To buy a site ( either 1 plot of 2400 sq.ft or 2 adjacent plots of 1200 sq.ft each) which is the best location?
              1. Chennai
              2. Bangalore
              The house or shops will be constructed only after 10-12 years, so immediate construction, amenities are not necessary. However a proper layout plan, roads and strong legal papers are must.
              Last edited May 21 2010, 01:40 PM.

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              • #87

                #87

                Re : Chennai Versus Bangalore - Investment Options

                Originally posted by meenuka View Post
                I started reading this discussion recently, I was also torn between Bangalore and Chennai, I am a tamilian, and I have opted for Bangalore, for the weather, the people, less volatile, for the infrastructure developments that are going on at breathtaking pace, for the facts their is no River Coomb over there, and therefore less mosquitoes!And because you can get a far bigger and better quality dwelling for a far lesser price in a good locality compared to Chennai.
                Has the price of dwelling fallen in Bangaluru?If so,it is surprising.Bangaluru is no good a place to live for people suffering from asthama and other respiratory ailments.As far as infrastructure in Bangaluru is concerned most roads get clogged with traffic and therefore very slow movement of traffic.

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                • #88

                  #88

                  Re : Chennai Versus Bangalore - Investment Options

                  Land identified for 100 parks in suburbs - The Times of India

                  The second master plan of the Chennai Metropolitan Development Authority shows that each Chennaiite has only 0.46 sq m of 'green space' against the 17 sq m of green space per resident in Bangalore.

                  Those who think Govt won't lay hands on their precious OSRs, think again:

                  A senior official said: "The spaces identified for the 100 parks in eight zones include small parks, OSR lands and vacant places." According to Open Space Reservation (OSR) rules, buildings with more than 10,000 sq m of space are required to earmark 10% of the area as OSR land.

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                  • #89

                    #89

                    Re : Chennai Versus Bangalore - Investment Options

                    Originally posted by Love4land View Post
                    Land identified for 100 parks in suburbs - The Times of India

                    Those who think Govt won't lay hands on their precious OSRs, think again:
                    Nice L4L, Finally someone there is thinking green. Hope they plan it well and hire a gud maintenance team.

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                    • #90

                      #90

                      Re : Chennai Versus Bangalore - Investment Options

                      Originally posted by contra View Post
                      When I checked recently with property dealers in Bangalore, I could see some mouth watering valuations.

                      The valuations were even lower then Chennai. At HMT layout in Vidyaranyapura which is full of trees and greenery, Brigade Group's new apartment Courtyard is available at a good valuation. After seeing this apartment location yesterday I will be an idiot to invest in Velachary in Chennai where roads and road side tea shops are chaos not to forgot water logging.

                      There is neither water logging or water shortage in HMT layout Bangalore only calm roads, lots of greenery.

                      Long term potential for real estate investment in Bangalore is better then Chennai given its climate, greenery. Once the Bangalore Metro is in place, even road traffic which is currently Bangalore's only problem will also come down. Fortune awaits for real estate investors in Bangalore, always the best city in India.

                      Very true. Bengaluru is definitely good as a Real Estate investment destination. In fact it was recently rated as the best residential real estate market in India. It was the only market, along with Pune, that yielded positive returns in FY 2014-15 in India.
                      Bengaluru & Pune Emerge As India

                      Part of this growth is surely linked to the IT revolution the city continues to witness.

                      As a result, some areas, especially South Bengaluru, are specifically emerging into prominent residential areas. South Bengaluru is witnessing the growth of many such micro markets.

                      One such micro market is JP Nagar, Phase 10. Some premium developers have acquired land and have already begun to or are about to begin constructing their projects here.

                      Peninsula Land Limited is one such developer. This premium commercial, residential and retail developer is largely popular for the transformation of Lower Parel area from a defunct mill area to a premium commercial district in Mumbai.

                      Its magnificent project is called “Ashok Heights”.

                      The majestic project will entail Apartments, Duplexes and Pent Houses. The configuration of the apartments will be 3 BHK & 4 BHK and the duplexes will be 5 BHK.

                      Thoughtfully planned, global class and premium describe these apartments.

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