Is it a good decision to invest in flats in Bangalore?

'Purchasing a property to make a profit is not new to us, which has shaped our history since time immemorial.

Bangalore has become the most favorable destination for many real estate investors to checkout what policy changes and government initiatives bring such opportunities.  


Just a decade earlier, buying a home was considered an emotional decision. Isn't it? But now, many purchase apartments for the sake of investment. However, the recent policy changes that the government has implemented have left the builders to face insolvency.


Yes, the most lucrative sector is facing turmoil now, and that is a big boon for buyers and investors as it presents some new and never-seen opportunities.


Many might ask why I have to buy an apartment now???? Because of the non-favorable situation prevailing in the real estate sector, we say "yes now."  


Residential property rates have been reduced considerably to help us enjoy a larger property at a lesser price. With the introduction of RERA, GST, and Demonetization, real estate has stumbled. Many properties are held up and were not sold. This opportunity is a big plus; investors and homebuyers will enjoy lesser rates now.


When you opt for a home loan, it definitely will help you with a tax deduction. With the 2019 budget in order, there is an additional rupees 1.50 lakh deduction on the home loan interest component when you buy a house priced below Rupees 45 lakh. Wouldn't it help the buyers purchase affordable property??


With project delays happening everywhere, many potential investors and buyers are discouraged. Though there is a staggering situation in the real estate market and many properties are still unsold, how about taking this to your advantage???? Many ready-to-move-in apartments are left out, and you can easily pick an apartment of your choice and budget.


The RBI has decreased the repo rate to a five-year low of 5.40 percent, leading the banks to revise and reduce the home loan interest rates. The current interest rates for a home loan range from 8.30 to 9 percent.  


With many ready-to-move-in apartments not getting sold, builders are open to negotiation. In this market condition, you can enjoy a better price reduction and many additional perks when you use your communication skills wisely. Many builders are offering apartments by finishing woodwork at their cost.  


Bangalore has always been a better investment place since economic growth is faster here. Homing many giant IT companies and multiple start-ups, it has been a favorite pick for many professionals. Many young investors are also looking for budget apartments since they feel paying EMI is better than paying rent. Even if they move out of the city, they can rent it out with steady money. It is always considered a better option to buy an apartment than buying land or an independent house, as it is safer and presents way more opportunities. Especially in this market condition and in the year 2020, it proves beneficial for home buyers and investors when they purchase a cozy apartment in Bangalore.


Flats in Bangalore is one of the best decision for an investor those are looking to invest and buying a property in a IT Ctiy Bangalore.

aravind kumar

1 Blog posts