shivani, Bangalore
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property for purchase
Q: Hi, I am looking to buy a flat in bangalore which is almost 8-9 years old(but it doesnot seem so much old). The locality of the area is good and the development of this place will be at boom in another couple of years. So, i wanted to know if this will be a good purchase deal and if the flat's value will be appreciated in another 10-20 years. SInce i have come to know the fact that Flat's value doesnot appreciate much after it becomes old. Please let me know if i should for this deal and will get some profit on re-sale?pl advise me with repect to investment or appreciation of asset value if the decision is right? Thanks, Shivani.

Latest Answer: @Shivani, If you are looking for investing purpose it better to go for new one as you already know that with time flats grow old. Hence the returns are also lessen.

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