Properties In Bangalore: Buy Or Rent

When looking to shift base at a new city for work

, studies or family, there is always a mix of excitement of a fresh adventure and the nervousness of finding your comfort in an unknown place. This is where having your own home, makes the difference. Whether you live in a Villa in Hyderabad or a rented space in Chennai, you would feel safe and comfortable, while being able to visit the citys hotspots.

The same applies to the beautiful city of Bangalore. With a superb weather, young cosmopolitan crowd and a great infrastructure, this city becomes the hub for most immigrants and expatriates looking for IT based jobs. However, most property seekers here are usually always confused between a rented flat or buying a home outright. This is because the rental EMI amount may be almost as much as the rents paid. While earlier most people opted for the rented house due to the lack of job stability, now, due to a change in infrastructure, it is recommended to buy property in Bangalore.

So you need to understand the areas wherein it is best to invest in property, especially when you may need to move cities. Bangalore is a place divided into 5 sub-cities, and you need to understand them to make informed choice in their respective areas of interest.

If you wish to buy a house in this city, similar to flats in Kochi, then you need to first know the areas suitable for it. Sub-cities of Bangalore East, Bangalore North, Bangalore South and Bangalore West are recommended for buying. As compared to other areas, it is a lot less expensive to buy a home here than to stay on rental in these sub-cities. Property seekers looking at investing are advised to buy a property than staying on rentals.

The ideal place for renting spaces for a few months or the annual contract would be central Bangalore area. Being a prime area, buying a house here can get really expensive and there may not be a lot of return on investment eventually. So it is advised to get flats on rent. There are of course neutral zones that are ideal for both buying as well as renting, but to find them in a busy city like Bangalore may be rare.

Thus, buying a home or renting a flat depends on your requirement as well as the location. So its best to keep in mind these tips when you are hunting from property in the city.

by: RoomSmith

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