Indian. I see Bangalore as a growing it hub. Is it worth investing there? Prices are already sky high
If you want to go back to india and work for an IT company what other options you have other than Blore and Hyderabad ?
NCR/Pune.
Looks like he got triggered
It’s a pain to maintain if you want to rent it out. Also you get charged 30% of the rent if you are NRI
Pain to maintain? First time I am hearing this sort of complaint
Bangalore might run out of water by 2023.
It all depends on how much you want to invest mate.
2 crores. You got any ideas?
Lend me money I will give you 7 % interest
Yes Definitely, it's Indian Silicon Valley. Due to Trump, now the reverse immigration will start from Silicon Valley to Indian Silicon Valley. It's a startup heaven as well. As the Metro is also shaping well, it should soon solve Traffic problems as well.
Keep dreaming
Ah, looks like a comment from a realtor
Which part of Bangalore? Hebbal to Airport side, still the prices are quite low and there is huge investment opportunity.
Give an example apartment? Why not buy a small place in brigade gateway instead?
Check commonfloor.com. Definitely not in Brigade gateway as it is next to Railway track.
Unless you plan to go back to india, its not worth investing in India. Prices are already too high, and with RERA regulations, appreciation is not fast. Also most important to consider is exchange rate. If you send today at Rs.70 per each Dollar, after 5 years or 10 years even if your property doubles, your Rupee also devalues at almost same rate. If you are lucky and still get better appreciation, to bring that money back here is a head ache. You will have to pay tax at normal income tax rate in US, which i assume is about 45% (less tax pain in India) on appreciation amount. You can reduce the tax rate to minimum if you earned minimum in an year, but making less money is not feasible, considering you may be on H1 status forever. If you invest the same here in US, you get better rent and your property is more safe from litigation and encroachment by goons or politicians. In short, its not worth the pain, unless you maxed out your investments here in US, and trying to diversify. This is from my personal experience
2 crores INR in India will buy OP a decent apartment in a decent locality. $300k in USA would just be a 30% down payment on a 3bhk townhouse in Bay area. Op will have to pay atleast 3k as mortgage on it to get a rent of 3k. Property tax would be another 10-12k In short, it's impossible to generate a positive cash flow in USA with 300k investment. Plus property here is also highly appreciated so I don't believe that investing in rental property in USA in a wise decision at the moment.
Yes, definitely it's not a good advice to purchase property on H1B. On top of H1B and GC issues, this will be one more headache. If you want peace of mind better invest in India only.
Because he's moved out of india but cant get the indian out of him aka fails to assimiliate.
Nah... Bangalore as a city is going to be dead pretty soon. Too much pollution, no water and increasing rowdy behaviour. Government is not interested in any serious improvement work except building bridges as per decade old plan. It is true Bangalore real estate prices doubled or even tripled in last 2 decades. But that was because of low base. 100,000 USD in 2010 could have bought a decent apt. Not anymore. At 200,000 USD , it made sense for top guys to buy and invest in house. At 300,000 most top end projects have available inventory. However, at 400,000 USD and beyond only fools buy a house in India for investment. You can invest in houses anywhere in world at this price. Bangalore is not going to see average house prices doubling in next 10 years simply because 225000 ( 1.5cr ) apartment cannot be sold for 450000 as salary is not going to be more than US salaries in India even for top end paying companies. You just need 7% return to double your money. Nothing beats a fixed deposit with SBI or other Indian govt banks.
What about buy an apartment in a good locality with budget around 1 cr. I think it can go up to 1.6-1.7 in 4 years time frame when you get the actual possession and area around society blossoms. 3 BHK in Bangalore in a good society won't be costing less than 1.5-1.75 cr in 4-5 years time frame.
Good locality good projects already have a price tag of 1.5Cr for 3BHK. If you getting anything lower, it is either not a good project or not good locality. If you really get anything for 1Cr which has potential, you should get in. Before purchasing, please do some research with top guys like Sobha, prestige, SjR and Purva. They all have been selling houses for 1.5 cr since last few year and all have ample inventory even in 5 year old projects proving there is significant resistance beyond this point.
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What is the meaning of this emoji? Looks like a bag of popcorn