Guidance for buying Resale apartment in coimbatore city
I’m planning to buy a 14-year-old apartment near CHIL SEZ IT Park, Saravanampatti, Coimbatore.
The flat has a super built-up area of around 690 sqft.
I wanted to understand:
1)Current land value is 18 L/cent and Uds of 290sqft.
2)How do people usually calculate depreciation for a 14-year-old apartment in Coimbatore?
3)How much percentage reduction is normally considered compared to a new apartment?
4)Is buying an older apartment in Saravanampatti worth it from a resale and long-term perspective?
Would appreciate inputs from anyone familiar with the Coimbatore real estate market or who has recently bought/sold property in this area.
If the city is not familiar, guide me based on the value I have given.
u/ArunRene — 4 days ago