Is it better to buy flat or independent house?
Apartments are a good choice for self use, renting as well as for investment purposes. Apartments are at par with independent houses in all respects and as far as customisation is concerned, it can be done at a small scale without altering the basic set-up of the apartment.
Why flats are better than houses?
Build Your Savings. Along with the financial benefits of living in an apartment comes the opportunity to save for your future. The cost of running a house makes it more difficult to save for a “rainy day”. When your expenses are smaller by living in an apartment, you’re better able to save more money.
What to check while buying a flat in Bangalore?
Ten things to remember before buying a flat in Bangalore
- Location. Bangalore is known for its traffic jams and pollution.
- Builder’s reputation.
- Choose properties with clear titles.
- Reviews and word of mouth.
- The apartment’s facilities.
- Inspect the property.
- Check the floor plans.
- Resale and appreciation value.
Why is it better to buy a house in Bangalore?
One develops a sense of belonging since the whole plot of land and building belongs to one person. The capital value of a independent house is usually much more than an apartment (given the same locality). It is better not to buy anything in Bangalore! Go out of this place into quieter, and more serene locales.
Should I buy an apartment or an independent house in Bengaluru?
You can buy apartment any time in your life time. However, you may not be able to buy an independent house in Bengaluru for all the money that you may have in future. Independent house gives you all the freedom you want and you can buy a land to buy the home as per your dream and requirement.
What are the stamp duty rates in Bangalore for buying property?
Stamp duty rates in Bangalore are the same for men and women, unlike in most other Indian states. 3\% on properties of up to Rs 45 lakhs. 2\% on properties less than Rs 20 lakhs. Buyers in Bangalore have to pay 1\% of the deal value as the registration charge.
How much does it cost to register a flat in Bangalore?
Registration charges in Bangalore For flats costing less than Rs 20 lakhs, the state government, in 2020, reduced the registration charges from 5\% to 3\%. This rate also applies to industries buying land or building.