Several of our friends asked to let them know how our move to India goes and where the road takes from there. This blog grew out of that and as a way for us to keep in touch.

Tuesday, May 30, 2006

Time to buy property in Bangalore

After a few weeks of hunting for an apartment to buy, I have come to a realization that we should have started looking out for one 6 months ago. The prices have skyrocketed and continue to go up.

The apartment buildings are huge and come will full amenities - club, pool, park, gym etc.

The prices around our area are Rs.3000 per sq ft. A 2000 sq ft apt would run up a bill of Rs. 80L ($180K) including car park, maintenance and 12% tax. The prices are going up drastically. In our area, the prices were in the Rs.2200 per sq ft range 1 year ago.

Prime localities can run up fro Rs. 3500 - 4500 per sq ft.

If you are looking to move back, or looking for a good investment, buying property in B'lore is definitely worth a second look

Checkout Brigade Group's website http://www.brigadegroup.com/apartments/

Other popular builders are Sobha, Prestige, Poorva and Mantri

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