Ajay Kumar, Bangalore
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How often we have to pay property tax ?
Q: Once the builders take all the payments for flats are we supposed to pay property tax to the builders or to bbmp ? Like we have lifetime tax for vehicles do we have something similar for properties as well or we have to pay property tax on yearly basis ?

Latest Answer: There is a very good article written you can check the article for further reference :Guide to pay 2012-13 BBMP Property Tax Online

Is it wise to buy a flat and then leave it for rental ?
Q: People buy flats and then again leave it for rent, is it wise to do so ? Because there will be a running loan on the flat, off course to service the loan its a better option but will it yield me a better output on a longer run ?

Latest Answer: People who are buying a flat and then giving it for rent are completely looking for investment purpose. They are investing for long term investment may be for 4-5 years after which they will either use it for self or sell it off.

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