I am done renting in Bangalore , planning to buy budget apartments in outskirts.
Staying near HAL 1BHK with car parking for 20k per month. Any 2BHK with car parking starts at 35k in 5km radius.
For people who say renting is cheap , you’re partially correct but when I started looking out unfortunately nobroker doesn’t seem to have a free tier limit anymore. You either pay nobroker or local broker commission of around 10k.
Then Bangalore being Bangalore 2BHk has the highest demand getting a good house good locality which has good road connecting with proper car parking is difficult , either it’s too old building or too high deposit or too high rent.
Common yaar 35-45k rent ?? I understand household income in Bangalore is high because husband wife earn 1lakhs each. But I am the only earner here.
I am going to sell some gold for 10lakhs and take my savings of 10 lakhs.50-60 lakhs house loan that EMI tallies my rent. Atleast I don’t want to keep going to broker every 2-3 years.
I see properties near Sarjapura ,junnasandra,bommasandra,dommasandra, tier 3 builders selling 2BHk for 60-80lakhs. I don’t want a huge hi fi lifestyle , place to walk within society- good area without water problem and high traffic roads with good car parking. I do 70% wfh .
I checked with my friends who have bought apartments from Sobha , even his house has electrical issues which damaged electronics. One in prestige where their entire society went dark due to wiring issues. This list goes on- saving tons of money to pay tier 1 so we think we have a peaceful place is not the truth anymore.
Need your thoughts and opinions.