Just got a call from my landlord, rent will be 1.5x starting next month (my agreement expiring this month) Current rent : 37k for 2 bhk + maintenance Also i m paying +3k extra every month for the last 2 months amid the water crisis. At this point should i just buy a small 2 bhk somewhere!! Also please recommend where should i look out for buying and what all things to consider Rant: last year i was planning to buy but prices were high and people told be it will come down but I don't see that happening, in worst case it will stand still. #bangalore #flat #rent
If you have cash for down-payment and registration, better to buy one
Wow, what location in Bangalore is this?
Bellandur
You are fortunate you managed to have 37k rent till now. Rents in Bangalore have 1.5 to 2x almost everywhere from more than a year now.
Where r u planning ?
Bellandur area
Move to another flat. That's the benefit of renting
Yes that's the decision i made last year, flat hunting itself is a painful process and here expected deposit is at least 6 months of rent, very confused on what to do 😔
I have 2 houses on blr might br buy outside
It's a nexus. By inflating the rent, we are forced to buy a house leading to increase in demand for new houses and resulting in high prices for homes which does not even have a basic water connection . All these issues would be solved if there is no mandatory WFO and People move to their hometown.. But then how will the politicians make profit who have high stakes in real estate
I just rented out my 2-bedroom flat in the same area for 35k plus maintenance
You can check Medha Heights near ORR close to Adarsh. Some of my friends bought there.
55K for a 2bhk from next month? You can easily buy a 2bhk flat which has 55K emi
Actually a "good" 2bhk starting at 90lacs to 1.2Cr 😭
You will anyway put a 20L downpayment even if u take a 1cr house you will be paying 60k emi