Can anyone who has experience in real estate advice me wether its the right time to puchase a land in Bangalore, as i have heard many different things which do not support my idea. Thanks
2006-06-30 10:18:54 · 8 answers · asked by sks 2 in Travel ➔ India ➔ Bangalore
Your proposal to buy a piece of land in Bangalore appears to be an investment than for your own dwelling.
Many theories are being forwarded like opting a growing market or grown market; An established boom or an uncertain potential; go by the stream or find a still water.....
Don't you think it is adding to your confusion more?
You are an investor, what is the best for an investor? - An informed decision, investment perspective, duration, acceptable level of profits in a given time, budget, accessibility, monitoring and control......list could be long enough.
Give due weight-age to relevant factors, taking a decision would be far easier.
2006-07-01 06:32:57 · answer #1 · answered by helpaneed 7 · 4⤊ 0⤋
Sure how could you go wrong..but land in Bangalore has already appreciated to sky high prices...due to the IT businesses located there and all the people moving in for jobs and good money in the IT world. This is how you could lose money: Suppose there is a recession particularly in the USA..that spreads to other countries like Europe, poof there goes allot of IT jobs people are forced to sell (can't make payments, builders slow or stop building.) The value of your land plummets!
Why not instead consider finding a city or town that is just starting on a boom (IT or anything else)....This is how fortunes are made in real estate. The best investors do not buy in a hot market they look for markets that are going to be hot in a few years or so and then buy into that market.
Good Luck
and Namaste
Master Quark
an American who spends 3 months a year in India
2006-06-30 14:04:38 · answer #2 · answered by Master Quark 3 · 0⤊ 0⤋
There is never a wrong time to purchase real estate in Indian metros.
In last 1 year the rates have appreciated over 150% in NCR. Delhi is quiet develped and still the rates have appreciated over 100% inlast 1 year
The rate of appreciation might be slow sometime later in bnglore or else where but it will defintely appreciate. So buy buy buy!! and hmm do you homework fast because the rates do not take time to appreciate. a few hundred rupees if the rates appreciate in a month the deal might get too costly for you.
so quickness is the key,
Good luck and as they all said be cautious.Too many frauds happen in real estate.
2006-07-02 07:35:33 · answer #3 · answered by taurean_funnyguy 2 · 0⤊ 0⤋
Let's put it this way Shakira, why would you ask anyone on this site for professional advice. How many of us even know where Bangalore is for god's sake. (Excuse my blasphemy)
2006-06-30 10:23:28 · answer #4 · answered by Anonymous · 0⤊ 0⤋
I appreciate the answer given Master Quarke.
2006-07-01 01:51:48 · answer #5 · answered by deebeein 4 · 0⤊ 0⤋
hey if u have decided to buy a plot go ahead...... cos later there will not be plots available for ur choice....... but b cautious...... check the documents before u venture into land dealings.......
2006-06-30 22:23:44 · answer #6 · answered by leo 3 · 0⤊ 0⤋
what the hell is this? looks like the elves moved in next door.
2 days later........
MOM!! HELP THEY'RE EATING ME!! THEY ALREADY BIT OFF ALL MY RIGHT TOES!!!!
1 week later...........
MOM! CALL THE POLICE! THEY BROUGHT THERE PET RAT HOME FROM THE POUND! IT"S HUGE!!!! EEEEEEEEK!!!!!!!
1 day later..........
DAD!! MICHEAL JACKSON IS PEEING ON THE DOG AGAIN!
2006-06-30 10:22:15 · answer #7 · answered by Anonymous · 0⤊ 0⤋
Be careful!
2006-06-30 20:01:24 · answer #8 · answered by lalskii 3 · 0⤊ 0⤋