Dr. Pradeep
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I have recently (2 month) shifted to Bangalore from Mumbai.
Q: I am paying 12000+1500 rent (anathanagar Phase II) for 2 BHK. I have plan to stay here for 5-10 years. I am interested in investing 40 lacs (rate of 2400/sqft) for an identified residential 2 BHK flat in anathanagar Phase II. The purpose is for residential as well as for investment. However, i doubtful about the appreciation after 5-10 years. i also want to know how the resale/rent market future.Will it be better to stay in rented accommodation Or it will be beneficial to invest in property.

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If it is only investment purpose only then you can buy in Mumbai itself, because the appreciation level is high there only compared to Bangalore.
Thanks Sankalp and Raj, I have a 1 BHK at kandivali mumbai & i am getting good rental income on it. However, i can manage to invest in another flat as mentioned above. Howevr, I am not sure about the resale rent market here in b'laore. will I get gud appreciation after 5/10 yrs?
7th March 2013

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