The Property / Real Estate Thread

Mr_Bean · 6th July 2011, 12:50

Quote:

Originally Posted by amitk26

1. Investment for Horizon of 5 years
2. Safety of the investment in a proposed layout which is seeking approval from (??) authorities.

3. May be constructing and living there after 10+ years.

I had the same thoughts in 2008 & eventually invested in a bmrda layout (concept city spring garden at 800 per sqft), to be frank nothing has changed on this stretch. During my last visit to the layout, I received a "Welcome to TN" message from Airtel

10 years down the line, the prospects would be bright.

Spitfire · 6th July 2011, 13:40

Considering Sarjapur-Attibele.

Quote:

Originally Posted by amitk26

1. Investment for Horizon of 5 years

My take: Long term returns wont be great.

Quote:

2. Safety of the investment in a proposed layout which is seeking approval from (??) authorities.

Confidant is good. They have been holding that land for some time now.

Quote:

3. May be constructing and living there after 10+ years.

Well if I was you had money to spare and was not the only investment ever (house wise). I would go for it.

Why not Hosur?

amitk26 · 6th July 2011, 13:46

Quote:

Originally Posted by Spitfire

Considering Sarjapur-Attibele.
My take: Long term returns wont be great.
Confidant is good. They have been holding that land for some time now.

Well if I was you had money to spare and was not the only investment ever (house wise). I would go for it.

OK that sounds positive

Quote:

Originally Posted by Spitfire

Why not Hosur?

Sort of mental thing , the rates on 3-4 Km this side of border are better today and they will be better tommorow as well I guess.

Spitfire · 6th July 2011, 14:16

Quote:

Originally Posted by amitk26

Sort of mental thing , the rates on 3-4 Km this side of border are better today and they will be better tommorow as well I guess.

There are some pros and cons.

Hosur has some good schools, hospitals and other facilities.

It used to be unsafe, quite dangerous actually but things are much better now.

Also the corruption there is more containable and construction activities are cheaper and more easy to control. Raw materials are not an headache as it is here.

You should explore a bit more before clamping down.

Why the preference for this area?

condor · 9th July 2011, 10:08

@Spitfire, that comment about water killing this city will eventually apply to a lot of places.

Btw, what is your take on South Bangalore ?

mkh · 10th July 2011, 20:49

Today none is offering fixed rates, except LIC, does that indicate ALL expect interest rates to rise? IMHO looks like that for the next 2 years at least it will be about 11 or around that much on an average. In that case is it wise to take fixed or floating- fixed for 5 years @ 11%? This considering that the loan amount will be not high(avg 15-20 lacs for 3-4 years)

kap04 · 10th July 2011, 21:43

Any clue about the land prices in carmelaram area? Seems there are quite a number of plots available.

NetfreakBombay · 10th July 2011, 21:55

For less than 30 lakh Rs and less than 5 years, it makes more sense to choose floating rates.

Reason is, interest burden would not be that high if loan is less than 5 years, and that would not justify premium to be paid for Fixed interest rates.

mkh · 10th July 2011, 22:19

Quote:

Originally Posted by NetfreakBombay

For less than 30 lakh Rs and less than 5 years, it makes more sense to choose floating rates.

Reason is, interest burden would not be that high if loan is less than 5 years, and that would not justify premium to be paid for Fixed interest rates.

I think what i need to mention is that starting loan is about 40 lacs and then expected to reduce to 25 in 3 years. Considering this, it makes sense to choose fixed? I am seeing the math, and its not making a huge impact if one chooses fixed and rates fall OR floating and rates rise, matters a LOT if there no part pre-payments. Hope not missing anything here!

Jaguar · 11th July 2011, 00:38

Quote:

Originally Posted by kap04

Any clue about the land prices in carmelaram area? Seems there are quite a number of plots available.

Are you talking about the area off Sarjapur road? A friend was telling me on friday that you get land in the range of Rs.1800 per sq ft.

kap04 · 11th July 2011, 05:52

Quote:

Originally Posted by Jaguar

Are you talking about the area off Sarjapur road? A friend was telling me on friday that you get land in the range of Rs.1800 per sq ft.

Yep ...thats the area i was talking about. Found that place to be a nice place to settle down, lots of greenery and also didn't see many concrete jungles around there. What i was asked is about 2000 per sq ft.

LNK · 11th July 2011, 10:14

What's the general impression about the Vakil housings in Hosur? Is it a good long term investment, with a TIDEL park coming up there? Will it see a similar boom like what Whitefield saw?

Pretty impressed by the houses there, which are pretty much ready to move in, but a little apprehensive about other factors like security and feasibility of investment.

Mr_Bean · 11th July 2011, 11:44

Quote:

Originally Posted by kap04

Yep ...thats the area i was talking about. Found that place to be a nice place to settle down, lots of greenery and also didn't see many concrete jungles around there. What i was asked is about 2000 per sq ft.

My bro, relatives & their friends recently purchased a piece of land behind wipro university, it was a group deal. But the property at this location don't have BMRDA approval and they come under panchayat land. If going for a purchase, it would be safer to immediately build your house and settle down. The location is nice & calm, but sooner or later it will be become chaotic like kaikondahalli and doddakanell

I wouldn't take a risk if the land does not have the basic approvals. Sunny brooks layout (Sunny brooks) had few problem with plots under it due to green belt thing but there are high profile people staying hence won't have much trouble. Let me check out Country side layout for vacant plots, if you bargain hard you might get at 2k psqft

penpavan · 11th July 2011, 11:53

Quote:

Originally Posted by mkh

I think what i need to mention is that starting loan is about 40 lacs and then expected to reduce to 25 in 3 years. Considering this, it makes sense to choose fixed? I am seeing the math, and its not making a huge impact if one chooses fixed and rates fall OR floating and rates rise, matters a LOT if there no part pre-payments. Hope not missing anything here!

Well, you don't have many choices isn't it. LIC is the only guy giving you fixed.
Go for SBI's Maxgain scheme. You can google it for it's benefits, can offset higher interest rates.

Spitfire · 11th July 2011, 20:04

Quote:

Originally Posted by condor

@Spitfire, that comment about water killing this city will eventually apply to a lot of places.

Did you mean other then Bangalore? Or places in Bangalore.

Yes we have a big big problem here. A huge one actually.

Quote:

Btw, what is your take on South Bangalore ?

Any specific area?

9th July 2011, 10:08	#575
condor Distinguished - BHPian Join Date: Jun 2006 Location: Speed-brkr City Posts: 15,864 Thanked: 16,008 Times View My Garage	Re: The Property / Real Estate Thread @Spitfire, that comment about water killing this city will eventually apply to a lot of places. Btw, what is your take on South Bangalore ?
	() Thanks

10th July 2011, 20:49	#576
mkh Senior - BHPian Join Date: Oct 2009 Location: Bangalore Posts: 1,072 Thanked: 133 Times View My Garage	Re: The Property / Real Estate Thread Today none is offering fixed rates, except LIC, does that indicate ALL expect interest rates to rise? IMHO looks like that for the next 2 years at least it will be about 11 or around that much on an average. In that case is it wise to take fixed or floating- fixed for 5 years @ 11%? This considering that the loan amount will be not high(avg 15-20 lacs for 3-4 years)
	() Thanks

10th July 2011, 21:43	#577
kap04 BHPian Join Date: Oct 2004 Location: Bangalore Posts: 245 Thanked: 235 Times	Any clue about the land prices in carmelaram area? Seems there are quite a number of plots available.
	() Thanks

10th July 2011, 21:55	#578
NetfreakBombay Senior - BHPian Join Date: Jan 2008 Location: Bombay Posts: 1,466 Thanked: 1,021 Times	Re: The Property / Real Estate Thread For less than 30 lakh Rs and less than 5 years, it makes more sense to choose floating rates. Reason is, interest burden would not be that high if loan is less than 5 years, and that would not justify premium to be paid for Fixed interest rates.
	() Thanks

11th July 2011, 10:14	#582
LNK BHPian Join Date: Aug 2010 Location: Bangalore Posts: 43 Thanked: 3 Times	Re: The Property / Real Estate Thread What's the general impression about the Vakil housings in Hosur? Is it a good long term investment, with a TIDEL park coming up there? Will it see a similar boom like what Whitefield saw? Pretty impressed by the houses there, which are pretty much ready to move in, but a little apprehensive about other factors like security and feasibility of investment.
	() Thanks