Dr. Pradeep
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I am planning to invest in apartment (new project)in anathnagar.
Q: Please share your views and advice. Is there any vat or service tax to be paid while buying or selling resale property in Bangalore?

Latest Answer: As per my knowledge, Service tax is payable only on resale or purchase of ready to move flats.

I have recently (2 month) shifted to Bangalore from Mumbai.
Q: I am paying 12000+1500 rent (anathanagar Phase II) for 2 BHK. I have plan to stay here for 5-10 years. I am interested in investing 40 lacs (rate of 2400/sqft) for an identified residential 2 BHK flat in anathanagar Phase II. The purpose is for residential as well as for investment. However, i doubtful about the appreciation after 5-10 years. i also want to know how the resale/rent market future.Will it be better to stay in rented accommodation Or it will be beneficial to invest in property.

Latest Answer: If it is only investment purpose only then you can buy in Mumbai itself, because the appreciation level is high there only compared to Bangalore.

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