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Home > Forum > Hyderabad > Ramachandrapuram > Buying property > Is it value for money to buy an 8 Yr old 750 Sq.ft apartment - 50 meters away from NH at RC puram, H ...

Is it value for money to buy an 8 Yr old 750 Sq.ft apartment - 50 meters away from NH at RC puram, Hyd - for 16L?

Q: Apartment features:
Near Sangeetha Theatre
8 Yr Old (common walls)
3 floors (10 flats on each floor) + 4 pent houses
No car parking (one can buy with 1L)
Lift and watchman (Maintenance 1K/month)
Undivided land share (25 square yards)
Not a gated community
Nice and finished woodwork

Quoted price:
16L (seller quoting slightly negotiable up to 15L)
Bought for 14.8 L before 8 Yrs. Rented for 5 years and occupied by owners from past 3 yrs.

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Replies (1)
1
Right now the rate per sqft going on is Rs 2150 per sqft but buying a 8 yrs old property for Rs 16 lakhs is not worth what I feel. Why don't you go for some new property in the same locality?
Sree Potamal


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