Can You Really Afford A House In Bengaluru?
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- Опубликовано: 21 ноя 2024
- In this video we give you the real picture of all the costs involved in buying a house in Bangalore. From identifying and budgeting for the right house to escaping real estate scams to planning your down-payment and loan down to the T and saving lakhs of interest money, this video will tell you all about the things that every homebuyer must know before finalising their dream property.
Finance in your 30s.
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I always think of buying a caravan instead of buying such expensive houses. Even if I plan to buy a house, I will still prefer tier-2 cities(Chandigarh, Indore, Jamshedpur etc) with fresh air and water, less traffic, etc
I think tier 1 cities is more open and livable.
@@ankeshkumar8988 grow up..
@@ankeshkumar8988 hahah nice one
@@vladimirputin.official. Sir, can I get a well furnished flat with all the amenities in Moscow or St. Petersburg?
@@yashmishra1024 No. That is why he is capturing Ukraine
Rent is the best "logical" answer to ALL issues you have mentioned. Owning a house is the "emotional" answer.
Absolutely
Rent cost also increases 5-10%. 25k rent now would be 50k in 10 years in same locality. If you calculate the same it would turn out owing a house isnt that much of a bad decision.
@@prathmeshsingh3912 emi also increased
@@tejuss954 Not true. EMI decreases with time as interest rates keep decreasing. This year is exception due to market conditions which have increased drastically.
@@prathmeshsingh3912 price of the house doesn’t increase every year?
As someone who bought a property in Bangalore TL:DR to youngsters, AVOID, you are better off staying at a rented property (I agree, this has its own set of issues). Don't get into debt for the next 15-35yrs. Recent covid situation saw layoffs causing many to default and go bankrupt with no money for their retirement, healthcare or kids education.
Leave the property to those wealthy NRI, who'll buy, leave those gentrified buildings empty and keep pushing the property prices. (I would suggest Vox documentary on this topic)
The video does not touch upon issues like bribing or paying in cash at registrar, gross voilations by building close to lakes or drains, severe quality issues, getting EC, CC, OC documents, water connection, Katha, etc. You have to fight at every level to get the job done.
Lastely, RERA is a toothless paper tiger. The amount of mental agony you have through is not worth it. I would suggest the idea of 'emotion'..dunk that down the toilet.
I agree
Can you share the title of Vox video?
Yahi banda, 20 saal baad ,ghar Bach ke crore kaamayega😅
they forgot to mention the maintenance costs of buying a house. It would vary between 5k to 10k per month minimum depending upon the apartment society
Hahaha yes
@@MMTandE land.. In bangalore?? Are you kidding right now..
Instead just buy a land in tier 3 city.. Build a 2-3 storey building.. Give it on rent and use that rent money to pay rent in tier 1 city + in paying back the loan.. + after retirement you will also have a full house in your name
@@ektasingh225 rent is very very low in other cities! go check urself
@@kashyap263 I know.. My parents live in tier 3 city.. And if they want to give that flat for rent they would get around 6000-7000 / month.. But here in bangalore i am paying this much for a bed in 3 sharing room.. That too it is one of the cheapest rooms here.. So i agree with that..
But you want a big house after retirement then you can choose the option that I said.. Because let's say if you want to move to other city later you won't regret buying a house in a big city
Yeah that's the real pain...there should be strict law for the maintenance cost it shouldn't exceed or charged more than 1% of flat's purchased price...because this maintainance cost seems like some hafta wasooly tax thing it's an extra recurring burden on the flat owners and it should go to govt instead of pvt hands
My parents bought a 2 bhk at 2.98 crores in Mumbai very recently. It took their all savings and what not. On the other hand my typical IT job salary of 30k won't even allow me to rent out a flat in Mumbai. Struggles don't see an end i guess.
Bro it job mai to salary achhi hoti hai, if I'm not wrong.
@@pratikbadhiya9346 with time bro, abhi vo naya banda hoga IT sector me
Holy crap, so expensive?😱
@@pasttimer27 this is cheap tho it varies and some place 1 bhk starts from 3Cr
Best place for a home is tier 2 or 3
suburb.
Back in 2018 I moved back to my home town Nagpur from Hyderabad. It was the best decision of my life. Purchased a RERA approved plot 3.3k sq. ft. @Rs.1200/sft in a planned layout. Now plans to build a home in next 5-6 years.
Which area has this lowest rate?
@@kiiran_01 MIHAN side.
@@Saurabh.P ok Thanks
I have been working from home (Nagpur) for the last year and planning to do the same. I would always prefer tier-2 towns over metros.
Dear Friend,
Nothing is permanent, don't spend ur tiny savings for OWN house, enjoy the life, its very short!
People try to find logic in real estate, there's no logic just supply demand, the only reason to buy too should be that you're paid enough at that location, otherwise just invest that money. Tech bros have inflated everything in banglore, a normal biryani costs 500rs, are bhai ingredients is same all over india, you cannot argue the justification of price, it is shovels in gold rush, so bro just take advantage and sell shovels
Buying own house is a mental and financial burden for middle class. These days builders build fancy complexes and Township which has luxurious amenities like Spa, swimming pool, Jacuzzi but fail to provide basic needs like Grocery, ATMs, Dr clinic, municipality water etc. These projects are so exorbitantly priced out of reach for most. Even parking is sold for lacs of rupees extra. Although Rera is there government should force builders to make affordable projects in good locations.
I will never pay for an under construction property without a proper cancellation conditions.
Reasons -
1. You are paying for a dream which has been sold to you. The house design/quality and surrounding will change by the time property becomes occupiable.
2. You pay today for the item which you will get in future. Thus you have overpaid it if you consider buying power and lost opportunities+interest on the spent money.
3. You get tension and you will loose your freedom of choice to choose a better option.
I hope these points will help others to take informed decision(s).
This is the period where the appreciation is steep, so it is logical to buy under construction property.
That's why we bought a duplex full furnished house in 50L in tire 2 city.
I don't imagine buying a house in Bangalore. I mean it's fine and all to stay here to work, lead a good life till I have energy. Once I reach 30+ will be going to my own house and wfh or some freelance, free from all the traffic and pollutions.
Trust me just invest good amount in house in tire 2/3 cities. If you already have the house then just invest that money in blue chip stocks and build wealth.
Don't fall into trap of buying a house in Bangalore with a huge EMI where you have to do job to repay that loan and you will loose your freedom. Happy investing, Peace ✌️
which city?
@@BhargaviFiles Gadag
Best is to always go for an standalone building that does not have too much of people unlike township. Also the maintaince cost and flat cost is much cheaper than those reputed and marketing gimmick builders. Talking abt amenities then take seperate membership near your area you pay for what you want and not for everything..
its the reverse. the reason of taking a flat in the building is that the maintenance cost is distributed so per person cost comes down. But for that u need big societies with 200-300 flats. then garden, play area, games zone, swimming pool, 24x7 security all this how will u afford in standalone building? just calculate the cost.
Bro if you go for cheaper but proven builders you will have maintaince of 1k .which is ok but I am not sure it will workout for long term
@@techcloud2510 How much of those facilities that you talk about have you actually utilized? I swear middle class people get caught in debt traps like flies.
@@techcloud2510 facilities provided in these localities are barely used. My own sister has purchased a flat in godrej and i rarely see any people using swimming pool or gym .
Home is where you find happiness. Can't imagine stressing about repaying back
Bangalore is still fine man ….. in Mumbai you won’t get a descent 1 bhk of 450 sqft carpet in good locality until you spend above 2cr
That's true,
Mumbai is super expensive
@@WintWealthYT still somehow the demand never drops in mumbai !!! because of its unique constraints
@@saurabhamin True, Saurabh
Mumbai is that way since decades now so only graph goes high
By 2050, sea will rise a take a large part of Mumbai.
I lived my childhood in a village. I did my graduation in Bangalore and i stay here and currently working here. I lived in Ahmedabad, Delhi, Hyderabad.
I always feel happy when I stay in tier 1 cities. The high rise buildings, metro , traffic. I just love it. Am from Karnataka, out of all the places where I lived , i liked Ahmedabad the most. Nice people, nice food, nice weather ( am a sunny person)
Whenever I go back to my native i feel claustrophobic. I hate to see trees, lands. Whenever my office plans for a resort and escapes from the city I just hate it. I used to think why these city people die to spend days in between woods. i realised , it's all about individual perception and where they grew up.
I spent my whole childhood going to our farm , playing all the village games. Jumping between trees, playing in the mud, playing in the streams/lakes, fresh air. It's all good part. I am bored of them now.
The bad part is , people are envious about one's development in small places , lot of powercuts, medical services,
we have plenty of land and plantation but we never get workers to at least maintain it.
I cannot socialize with like minded people.
Random visits of snakes , bears , cheetha( panther whatever),
Allergies from parthenium / some random insect.
Theft.
Black magics.
The lead time to get delivered what you want.
Bad Internet services.
The network quality ( usually tower maintenance people don't switch on backup dg's as they would have sold the fuel provided by the company)
Loneliness.
Village panchayat takes 1 year to fix a street lamp.
Even We got death threats When my brother wrote a letter to pm modi to get a road in front of our house .
Clean water is problem. During rainy season I don't see the bottom of bucket.
During summer we get the water once in 20 days .
Casteism ( this is a big big big problem)
I spent 2 months to catch hold of a plumber.
One carpenter did half work and ran away with a girl.
So spending 1 week or 1 month may feel good in a village or tier 3-4 places. But be aware of the problems which i explained. So people who are in a dilemma about buying something in the city or countryside , kindly decide based on these factors.
I had to do both as my parents live in my hometown ( they don't like the city) and i live in Bangalore. (I hate my hometown)
🤔🤔🤔
Aptly illustrated Mr nandan
Underrated comment. True facts n real issues of rural area
Being grown up in a remote village of Odisha, I can corelate to every line of yours..
Very true
Until and unless u have a back up don’t buy a property above 1CR budget and don’t spend more than half of u r salary on EMI u will need to compromise on living standards and holidays and don’t ever think either way that your partner will be always with u while something goes wrong 😑
My Brother paid EMI for 6 Years for a flat in Mantri which never got completed and now defunct.Lost all money and in legal dispute.He paid 65k Per month for 6 Years and he finally stopped the EMI when he knew the flat will not be delivered and the bank has filed case against my brother.
😮
More power to you brother. Can't think happening with anyone.
Your brother will get through this.
In Pune?
Worst Government policy
You can always find a flat from tier 2 builders for affordable price.
Also don’t stay closer to work unless you see a very long successful future there, meaning you are getting promoted with significant increase in pay. Instead stay closer to good old schools (not the international ones which just squeeze your pockets).
One such builder is Vaishno. Very good builders who deliver projects in time.
unless i own the company where i work.
Can you share provide contact details of this vaishno builders…im seeing so many builders with similar name
Honestly I believe future is remote work and no need to invest in tier 1 cities tons of money to get peanuts and live in a cage , if my work allows remote i will sure take houses in tier 2 and tier 3 where internet is available with better water and food
Majority of the companies are calling people back. I'v been looking for full remote jobs but they are few
@@Abhinavwl8cx it's only cause managers would lose jobs lol..
Same here calling back to office, whereas I was saving lot of money by not paying rent. Two years WFH was successful, but still calling back to office.
@@Abhinavwl8cx please let me know if you find any permanent WFH job
@@shyamsmili doing freelance is the only way to put corporate on track, but the problem with india till now, is no strong unions to reduce corporate power. Untill people strike it.....i doubt shits gonna change.
honest feedback/suggestion: please keep higher volume for upcoming videos
Sure Devam, noted :)
Add yearly property tax , grahpravesha expenses, monthly maintenance of flat and cost of painting, repairs after few years.
Being in a rented house than owning house in blr is much better disregarding how much you earn one has to be really confident that he can keep his job which most of the ppl don't and start jumping like frogs
Bellandur is not Sarjapur. It's on Sarjapur road. Sarjapur is roughly 15km away from Bellandur.
Sarjapur is 5km away from bellandur
@@bitcoinheist7831 not sarjapur, it's sarjapur main road-5km from Bellandur
Looks like a presentation on "how to be a loan slave 101" 😀
Scammers should be put in jail ASAP, to reduce so much risk in buying house for which people put their lives at stake
Buying a house in Bangalore is a pride moment .... rent is rent always..
Its about pride.. but many a times it's not sensible.. cash if king.. many people cannot afford to buy a flat and they still do it forgetting there are other important things in life too..
Like having an emergency fund..
Having a retirement fund.
Children's education, etc.
They put everything in the house..
Many also regret buying a house eventually.
Aisehi faste hai sab..
Come to Mumbai, all of these would appear highly affordable! 😀 I sometimes check out Bengaluru property listings just to see how a large spacious apartment can be bought for the price of a tiny 1bhk in Mumbai's suburbs! Given the high salaries IT pays in Bengaluru, these flats are fairly affordable!
Yea i was born and beought up in mumbai central line, its been 2 years since i moved to bangalore, yea property rates are quite normal compared to mumbai in the same price where u would get less than 500sq ft app in mumbai with same money u can bu a 1200sq ft appartment in bangalore
That's like saying that large mansions and penthouses in Mumbai are affordable due to high salaries of Bollywood stars.
Those ultra high earning IT jobs are few and far between compared to what most regular folk earn in Bangalore
@@chnacr2 yeah totally agree with you 🙌
this depends from society to society, location to location. and what u think is affordable.
Agree 200%. On a affordability index (for a property) Bangalore ranks within the top 3 cities in India. In the all the comments, people are looking at prices as absolute numbers - and comparing Bangalore with prices in Tier 2 and Tier 3 cities. What they forget is that in Bangalore, the tech sector pays very good salaries (in fact Bangalore tops in this number). Average salaries in Bangalore is higher than in Mumbai, while the property prices in Mumbai are way higher.
I already bought a flat and I feel that there are many misleading infos that frighten a lot especially first time buyers. It is an emotional decision but try to buy a flat that fits to your pocket.
Hey Gaurav,
We are trying to understand the decision making process behind under construction vs ready to move-in flat when you deciding to buy a flat?
As you have already bought a land,
Can you shine some light on it?
@@WintWealthYT I dint bought a land I bought a flat that was ready to move.
Pls go For Independent house for same 1cr to 2cr rather going for Apartments !!
Ushi location mai independent house 5-7 crore ka aayega. Voh humare aukat ke bahar hai
my parents both work in IT--and they are well typical conservative BROWN (tamil) parents, and tbh in my family. people save save anddd saveee--LIKE TO THE CORE. i never really knew i was rich cause we were never lavish but now i lowkey realise it veryy well after seeing the people around me, they have started spending and are planning to retire in their 50s. my parents have started their 40s and have properties, land, gold and hefty stuff worth 13 crore. (never knew earning this much was a huge achievement but now i really do understand since im quite grown and am sixteen and am super proud of them--i love u ma and pa). reading the comments made me wonder on how i'l survive in this world cause i wasn't brought up a way to endure a lot and just makes me scared in general. (im working on my dream of being a lawyer and am really hoping this goes well) basically i came here to express on how i feel, the society now is soooo money oriented that they forget on things that really matter (or dont have the privilege to focus on them). the best advice i'd give yall is pls try saving, and investing--like i swear. IT'LL COME BACK AS FORTUNES.
Best thing is get a good house in an Old Age home.Everything will be taken care and you don't have to pay this much
1.25 CR for A Flat which has a shelf life of 30-50 years! After which it will have to be rebuild, that like paying 2.5 lakhs per year for next 50 years. or 20k a month rent for next 50 years. When same 2BHK is listed on rent for 25k.
Amazing!
20 years to be honest!!! 20 years me anjar-panjar nikal jaate hain flats ke.
That's the reason I don't like flats, would always prefer independent property where we own the land.
Flats or apartments having a life is an outdated concept. It used to be like that because of poor materials or poor designs. In Hyderabad I do see apartments that are already older than 20 years, in prime shape.
Thats why you always opt for expensive developers
Aajkal brokers are trying to dupe hard working people money by showing mivan etc.
Average 3 bhk in Bangalore is not 1.25cr. In Budigere, Kadugodi and nearby areas, you will get it at around 60-70lakhs. I myself have brought it for 45lakhs In Kadugodi area.
Thanks.
@@vinayj1763 Hold your tounge or else you wont wear that cheddy in future
Chutiye, aise toh KORMANGLA me 3 crores ke milte hain....Kadugodi lodu area hain waise bi.
Location Location Location !
@@rahulsingh-ui9tl Koramangala doesn't feel like Bangalore, lots of northis, it isn't worth spending 3 crores on flat, if it is commercial property, it is worth investigating. Not for flat.
Why financial planners cover only dinks with no elder dependent, pls cover single income with elder dependents which is the avg scenario
Wonderful.. I can tell for a fact that your channel shall boom pretty soon!
All the best
Thanks a lot 😊
That taklu bhai is a genuine sweetheart
They aren’t making these houses for the middle class whereas 90% of the workforce in these core city areas is middleclass.
The way the video makes it so simple to understand, it's excellent! I became a fan of the channel from the very first view!
Thanks Souvik :)
Own your house the best feeling ever.. dont be slave end of month paying your hard earned money to shameless land owners.. But it same time save for a down payment has high as 50% not 20%
In Mumbai Banglore and such cities..
More than 99.5% people won't be able to buy a house if they have to buy it from scratch and most of them will struggle.
In Mumbai I don't find it worth to invest in houses..
It's absurdly high for small spaces..
It's so high thatsome have started selling compact 2bhk in 350sq feet..(75lacs+) mind you this is almost end of Mumbai suburbs.
It's a joke..
dont take loan for 35 yrs if u plan to pay it in shorter period. When loan emi starts, 95% component is interest amount and 5% is principal, so when u think of wrapping up ur loan in 10-15yrs then u actually have paid almost all of interest while 70% or more of ur principal is outstanding to be paid in EMI. Best is take 15-20yr loan and do not short close, keep paying till term end which will be most beneficial to you. Bank will lure u to short-close the loan in 10 yrs don't fall in that trap. Look at ur statements and u will know the bank game.
I don't understand how paying emi till end of tenure will help. Interest component will always be there till end and there isn't much benefit in tax saving. Did you do any research or just a guess
Why not short close? Agree with your other points but you can always short close
@@eldojoseph8718 Once you payup most of the interest part and the only remaining is principal its better to not pay that in lumpsum, instead invest that somewhere and where you get returns out of it.
@@sanjayy2936 i would give you an example of how bank creates EMI, even on fixed rate of interest.
Lets say you have a loan of 1L
For 3y @10%
EMI amount = 3227
Total interest payable = 16162 for the period of 3 years
What bank will do they will target to get 10000 interest in the first year only. While remaining 6162 in two years.
And they will have pre condition to close the loan only after 1 year is over.
So this also means because most part of your EMI is used to pay interest part only while the principal has not reduced much.
This way now even if you accumulate outstanding principal after 1 year then also it will be huge amount lets say 80000 is due.
Now it is a wise choice to not pay 80000 (your hard earned money on top of paying EMI in 1st year) to save mere interest of 6632 for the remaining 2 years.
RATHER continue to pay EMI of 3227 for the next year as it will be less of a burden, and you wont feel any pressure.
And most importantly you will have 80000 savings which you can use anywhere else.
Tech cloud, that's a very wrong thought. That's not how EMIs work. Even if you can pay early, taking a longer duration EMI is helpful. There are no prepayment fees, monthly installment is smaller so less stress of paying max amout every month. Like shown in the video, the EMI might be 25k but feel free to pay 35k per month. If some months you have shortage, you can pay 25k and still be in the clear.
Also with the rising costs people are buying 3bhk only and wasting there income with nuclear families 2bhk is sufficient and pocket friendly and less burdensome!!
Well, if you have a corpus of 2cr laying around in your bank. It is always advisable to buy a flat of your choice. If not, rent a flat.
Keep your loan amount as low as possible.
Wrong, If you have a 2Cr in your account better to get 60 P.c loan at lower rate and keep the money with you or get it invested Because Cash in Hand is always King
There is no drainage, underground cabling, good and wide roads, connectivity and river water. One only play for his convience in banglore and not for comfort.
.
Also we have to pay for maintenance which is always going to increase even if loan is paid of, you've retired or not living in it.
.
Another ugly side is higher prices of everyday things. Usually shops near societies sell products at higher prices than normal locality.
someone here mentioned about monthly maintenance ranging between 10-15k which is true. It would be wise to invest in a place that's less than 7-10km from work place and children's school else we need to take into consideration the travelling expenses and time spent
Katapka is the MVP of the show
🤣🤣🤣🤣🤣
The biggest struggle people have in buying home is flat don't have intrinsic value justifying investment. Further. Some private job career span will be very less like tech jobs are reduce to 10% post 20 years. So more than half can be jobless. But investment banker, the mentioned example will remain till retirement. There is also risk of bubble burst like what happened in China. But if salary keep on increasing then only bubble can sustain.
annual property tax plus society maintenance are big pain too
I recently bought 3bhk flat(1410sqft) which is a resale one for 65lacs.
- Taken 40lacs loan
- Joint account with my spouse
- Connectivity to Office, school and hospital is within 6kms proximity.
The only catch is it's a 6yrs old and Khata-B apartment building built on Khata-A land.
Question is:
* I believe I took a very good decision as this will be my primary house as I'm from Karnataka. But still need to know about my descision from others/experts in their perspective.
what is khata a and khata b?
In lucknow average cost of buying a flat has been 1 crore. And high end flat cost around 1.5 cr
If someone has 1.4 crores why should they buy an apartment in another city? A FD with 5% will give them 7.2 lakhs which means 60K will be there to pay monthly rent. In apartments you have to pay additional maintenance fees, no matter if you own it or not. A rented house is a wise decision, in my opinion. No commitments, leave whenever you want.
RERA is on paper favouring the buyer but onground nothing has changed... You do get orders from RERA but it dosent have the powers to execute them, so it gives you a satisfaction that you have an order but builder never complies nor challenges the order in higher courts, keeping you running every door to get justice
A flat in Bandra, Pali HIll sold for 55 crores recently. It was just short of 4000 sq. feet. Some areas in Mumbai have become insanely expensive.
Forget about Mumbai, to buy a 2-3 bhk flat in a good location in Mumbai you must have either very high income, more that 20L per year or generational wealth
This is the best video Wint!! Love it
Thanks Pranav :)
Indian real estate is crazy. One of the biggest bubbles . All the black money has led to these crazy prices.
Let me save your time
You cant buy a flat in bengaluru
Just skip this video.
Overall thik video, but that point on investing the surplus of 20 lakhs to generate returns of 80k x 12= 9.6 lakhs, is not feasible at all.
Come to mumbai . Here we stay in 1bhk house for 2crore rupees
Dnt waste ur life buy buying home better live in rental/lease home...enjoy ur life by investing in monthly income...only then the land & house prices will come down..when a product is not bought all people can get in cheap price...
People ever have fighting spirit in business not in buying homes sitting in one job as slaves.. living a scary life one life enjoy it...dnt b slave to any company or gov...
Lol, if more people don't buy, rental charges will go up 😂. Few owners and more tenants means definitely rent will increase bro.
@@tcsraam123 when company salary is not increased for decades who is going to give high rental..
Gov will build housing boards,no eb charges, cheap loans,no school colg fees,flat form business no commercial rentals in main citys for poor happy life by middle class tax payers money..
Where else middle class u have to buy all in ur own money u cnt stay with local criminal poor & high class roads..villagers will come here occupy ur city will join in any political party..do all kind criminal activitys..u cnt safeguard ur land too.. where will u stay ur option is fight back
Wat gov had done for middle class heavy tax payers burderns of richy,politicians unpaid tax paid by only middle class as hiking product price..
Business is only option to escape from burden to start business,fund,partnership,law & order instant justice if got cheated,wat gov has done ????? nothing
Reason people has not fought back once bcoz u got loans loans loans securing ur life study loan,dowry loan,marriage loan,operation loan,vehicle loan,house loan,etc...
Learn work of age 10,b skilled businessguy/gal,do business from youngage of 16,b fit of play sports,eat healthy,fall in love divorce again fall in love continuous till u get mutal partner,
Save some money,roam around world monthly,live happily...
@@nature8178 Don't worry bro! Don't expect what the government can do for us. Think how we can help the government. I want everyone to live in their own home and wish for you too to buy a new home. Don't forget to invite me for your house warming. We all move up and down middle class will be rich someday and rich can also become poor. Enjoy life. All the very best.
Once a Man gets married, the Wife makes him stupid enough to BUY a house so that she could show it off to other girls.
@@nature8178 all of your concepts are absolutely wrong... First of all marriage is not for divorce its meant to stay together for whole life. That is why people marry.. second of all govt has no control over your land. Govt has control over the economy of country but it has no control over your land if its legalized. If owners of houses don't give you house where will you stay in streets???? All the home owners have secondary sources of income . They don't just rely on their monthly rentals. When no one will buy land then all these home owners will buy those lands and you will remain homeless for your whole life. If you don't give the required amount home owners will kick you out. Rental prices have already increased in major cities so much in past years even though salary has not increased. And when there will be no land available, rents will definitely increase whether your salary increases or not it doesn't matter.
And then sarjapur has floods 😂
Hopefully, the water level will subside by the time he gets possession in 2025. 😁
Any good properties in Sarjapur where a first time home buyer has peace of mind of buying.
And water shortage during the summer months
There are but the traffic f's me up.....
Sarjapur Rd is changing its name to Atlantis. Expensive asF and underwater.
i would prefer a tier 2 city...most probably in guwahati.
excellent content, probably the best till date on financial planning in India
Thanks Deepankar Kapoor :)
Love this new series! Great initiative.
i hear that Karnataka implementation of RERA is very weak and does not enforce protection. is that true ? Can it be dependent on state government ? if yes, a video on that will be nice
RERA is a joke in Bangalore. Buy a home in a tier 2 city like Mysuru since we have moved on to a hybrid/remote work culture!
@@nonegog5 hybrid might become a joke too. I have heard many now going to office 3-4 days and some all 5 days.
@@prathmeshsingh3912 quite possible. That's because they have the space to get them all in. Such companies might have always had a slow transition plan to get them all back. on the other hand, Some companies have sold / released their assets to rent smaller places and bought desk booking system licenses. You'll always have companies that allow remote working.
The Level of corruption is so Bad in real estate it's disgusting zero trust in them. In terms of infrastructure. application of construction science is out of picture like physics in some our movies.
It absolutely is..its paper tiger...the developers have seen to it that politicians dont make rera stronger...its up to us as citizens to fight back
Hear me out …
3BHK for 1.25Cr
For a persone from Thane … it’s CHEAP!
Edit:
The most expensive Lavelle road is ₹40,000 Sq. Foot
Where I live it’s 90,000 😢
I will never live in cities. So I don't need to buy an expensive Flat or home here. I live in the Panchayat area. Just 1 hour away from the city. Fresh air, fewer cars.
Don't know what's the fuss abt buying house in Bangalore and why people are so overexcited to buy houses near Bangalore South ,south west region that region is poorly planned influx of population has raised real estate value like crazy,it's better to buy in Bangalore suburbs or Bangalore North where Infra is much better and Traffic is better as well and real estate cost is also much cheaper.
Kaveri water
Come to Mumbai You will be shocked!!! at the house rates
This is what happens when ppl have just given up on their local civic administration. A well planned & maintained civic infrastructure is not even a pipe dream anymore. Sad to see this reality in most of our big cities.
Rather purchase some land toward airport. The land price around international airport is shooting up now. Build a house with the help of these new construction companies offering cost of construction per sqft. City has water problems, BBMP problems, traffic🤦🏻♂️. Bangalorean advice.
Would have loved to listen to more of Mr Shariff here. Seems like a knowledge guy.
Always wondered, land prices keep appreciating, What is the real case scenario about resale value of apartments in cities like Bangalore or Chennai?
it's because of huge corruption. Real-estate is the only safe bet to invest looted money.
depends where u r taking and when u r taking. price increase is directly related to demand of location. so if major development is happening then prices will increase steep like new office complex or metro station or big college/university.
Nobody will be interested in buying old flats... Independent house is more profitable... Land value keeps increasing...
Neatly explained video about home purchase expenses.
I thought iphone 14 is expensive, So I came here to watch this.
Tier 1 city is hell. Work there but build a house in tier 2 or tier 3 city.
Tum suggest karo kahan flat kharide ?
My brother earns 2 crores annually (after paying 50 lakhs tax ) and still lives in a cheap flat 😂
What does he do.
@@RajeshKumar-ye3re he works for meta ( facebook ) as an software engineer
Where does he work? USA?
@@SanaKhan-qf7cp yes he is currently working for Meta California
@@Neon-rk2bg india ki baat chal rahi h
My salary is 30K PM, and seeing these prices I will have to work my whole life and save then only I will be able to afford a downpayment in the next life.🤣 #Fresherlife
Anuj bhai.. great to see you!!
Need a decentralised urban planning with best transport infrastructure and nature friendly
Rera is toothless , atleast in Karnataka . All the rules are tweakable . Our project was rera approved in 2017 , construction is halted since 2018.
Hi, Thank you for the valuable information. I would want to know what is returns on the apartment purchase price? I’m not asking from investment point of view but would want to know from upgrades in the future point of view.
Damn you wint wealth. I shall proudly rent.
I feel recently the apartments are not worth buying and living. The rooms are so small that you cannot have a family in the house. Recently I saw upto 10 apartments where the bed room sizes are 10*10. The dining place is 4*5. So small houses that if you have two kids you cannnot have a table for them. I dropped all that now. That small 3bhk apt is 80l base price and will be given after 4 years. Me and my wife decide to stay on rent in the apt than purchase, enjoy the benefits of the apt.
Cool decision. Buy in a tier 2 city once you want take a retirement!!
What about rising rent amount in Bangalore!?
Now a days 2 bhk's rent have touched 40k per month.
Isn't it better to pay the same amount as EMI than rent?
@sarmamaddala2050 what is the rent you are paying now?
I right now have my own apt. So not paying any rent.
Buying a house in bangalore currently doesn't make sense anymore, the city is fucked. Better to buy anywhere other than bangalore
If you have 1.5 crore you can invest in mutual fund and you can retire your 9-5 job instalead of paying interest!!
Banks will give loan for home but not for mutual fund investments
@@evthink why do you take loan, make systematic investment plan (SIP)
@@sudhiracharya1234 1.5cr will give you 75k month you can't retire inflation will eat you in few years rent are increasing and can't feed your kids with 75k unless becoming lower middle class is what you want
i can put that money in index funds and rent a nice 1bhk instead of paying intrest for 20-30 years with little UDS and depreciating building
parents bought a plot of 40k now its 60l approx funny how real estate market works.
But yes.. it is a guide for our dream house thank you
try animation over the whiteboard explanation, adds more emphasis to our attention and curiosity.
I rented 1cr flat for 13k i am happy i love it...Water electricity and other services are best i will stay here for 3 years.Owner agreed that he will increse just 5 percentage yearly increment of rent..Dont buy guys kon kharcha karta hai cr of rupees for a flat lol..
Still you are getting for 13k? Which side in Bangalore?
@@SriramGeddapuI LIVE HERE in Delhi
The cost of property is going to crash due to recession. The nexus in bangalore has created this problem
Here in Mumbai 1 bhk costs around 1.10 cr
Ps we live in the westside
Rera is not that great, my friend bought with Rera but fighting in court from past 2.5 years. He is paying EMI but the building is still not complete.
Problem is that nationalize bank does not give lone so easily nd prblm.is intrest rate is nt standard as it keeps on flucating.
That's why you opted fixed interest rate, rather floating mclr rate. When it falls.
Might as well buy a boat if you are planning to buy a house in Bangalore
As a localide I bought a residential property and built a G+1 in under 30lakhs approx around 13 kilometres from Bangalore, and 8kms from the airport 😂 stop getting fooled you outsiders.
Do you help in personal financial analysis ?
I mean it maybe expensive for many ppl, but when I compare it to my city i.e. Mumbai, its affordable asf.
I have been paying EMI s since 2008. I have 2 flats, a 2bhk and a 3 bhk I have 3 more years of EMI.
Yes others say I have made great decisions. But honestly I lost the prime years of my life.
I'm on a foreign vacation now but I'm not that excited about it. I wish I had come 10 years ago.
Guys the most precious thing in life is time. Youth is the best time. Don't chase this acquisition thinking. Yes I had an ego and I felt I want to feel having arrived and successful.
Now I feel how dumb was I.
Yes buy a home but don't spend life in only paying EMI s. I have 2 kids and now their education is going to be a huge expense. Again same liabilities.
I got 3 promotions in 12 years. My salary has increased 3.5 times in 10 -12 years. But everything was paid as part prepayment.
Balance it out. Don't get into too much EMI. Time flies. I have a little grey hair now. The money and bonuses and part ESOP s I got were used to prepay and as advance for buying property.
I wish I travelled back then.
Do you see the regret I have. I lived under some kind of ego and thought of life as a race.
I still do, but now I know that life can be looked at in multiple perspectives.
Rera is BS. I know projects which have litigated land, but its still RERA approved. Do ur own due diligence and always buy a ready-to-move-in to be safe!