My experiences: Buying 3BHK flat in Bangalore

My experiences

Saturday, August 07, 2010

Buying 3BHK flat in Bangalore

PAINFUL!

These are just reflections of my feelings when I went out to buy a flat in Bangalore.  Not to hurt anybody's feelings.

I wonder how the flats are getting sold faster than Hot Bajjis.
AS far as my observation, the flat costs between Rs.2500 to Rs.5000 per sq.ft in Marathalli, Whitefield and Ring Road area. (Not any city side).

For a family of 4 members, and we need a study room, we have to opt for a 3BHK, of which the third bedroom is not even bigger than a store house. That's even not good to call a Study room, so conjested even for a primary school student.

The total area claimed is including the common area, the part that is irritating is there are several tricks in alloting and claiming the area, since the same common area is claimed for more than one person. There is no proper control or measure to check this.

You end up paying for 75% of your house and 25% of the common area. (a decent ratio). But in some flats the ratio goes worst.

The sq.ft cost is exclusive of the below:
1. Car parking - Rs. 150000 /- (approximately) for the second car its even higher sometimes double the price. (I dont worry for now but atleast I hope to have a car sometime in future and have to get one car park atleast)
2. BESCOM charges
3. Registration charges
4. Water board charges
5. Sewage charges

The above roughly comes up to Rs. 3 lakhs onwards for a 1200 sq.ft.

Above all you need to pay a maintainence cost of Rs.2 per sq.ft. ie., Rs. 2400 for 1200 sq.ft every month. That accounts to 28800 per year.

How painful!!!

But above all here is the worst part. When you go to buy the flat you like these guys say its almost sold. (The ones which have a good vastu, more brighter living room etc.) Wonder at these cost how people are buying it!!

Few of the supervisors say the truth.

"To be honest most of the bookings are happening online, some for which people dont even visit. People in Bangalore just keep visiting the site thinking of whether to buy or not, but mostly do not buy. Our customers are mostly overseas, US, UK, Arab countries"

What a pain!! The Indians who go abroad take up the job of the native guys and also increase the land value here so "common man" who works for his motherland can not even afford a 2 or 3 Bedroom apartment.

Politicians are least bothered about common man because the Reddy's who dominate the realestate in Bangalore as well as other cities in India keep them (politicians) 'happy'. Its more or less like land mafia, buy or go.

Some people like in TamilNadu vote hearing that they get TV. But ultimately its the middle class who suffers.
US and other countries shou

Most of the land is bought by the realtors by throwing money or by power. We all know this. But we can not do anything. The blood boils on undergoing these experiences of  a common man. Yet I can not do anything just as most of you guys.

I am even irritated by the acts of our own brothers and sisters who work in foreign land, but do not invest where they work but invest in India making the realtors rich and the common man poorer.

Frankly, these people are neither good for the country they work (since they have taken their jobs) nor good for fellow Indians (since they have raised the price of land and made the realtors more bossy).

One final say, US, UK and other countries please send the Indians back, they are neither good for you nor for us.

Labels: , ,

379 Comments:

  • Thanks for sharing, I will bookmark and be back again



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    By Blogger yadhav, at 11:43 PM  

  • rightly said and put man...it's such a pain...

    By Blogger Unknown, at 1:34 AM  

  • Very nice and general blog.
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    By Blogger bibershally, at 11:32 AM  

  • You have tried to capture what most people are facing. High prices but still unlimited supply... Don't understand how.
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    By Blogger Arya Hamsa, at 1:08 AM  

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    By Blogger Unknown, at 8:38 PM  

  • In the outskirts, its still better bargain

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  • thanks man but i would like to mention that ans to ur problem is thr in ur blog itself. u just need to think a bit more.

    take care.

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  • Misusing the power and buying flats in Bangalore will never stop. It's really painful to see how one sect of people are dominant.

    By Blogger Dunitz Sandrino, at 4:47 AM  

  • By Blogger Unknown, at 12:29 AM  

  • Thats the very true situation. There are several reasons for the cost going up! In bangalore especially everyone wants to get rich over night, especially the Landowners and the Builders.

    eg. In Mathikere a plot costing 21lacs for 700sqr feet in 2010 is costing 45 lacs in 2013.Its the Landowners who are driving the prices up.An apartment which i was palnning to buy 3 years ago as brand new which was costing 22lacs then is costing me 48lacs today.

    My Friend its not the Foregin workers sho are raising the prices its the land owners. Adding to it is the dual income...easy availability of loan and Blackmoney with the business people.

    Even i am working in London from 3 years and i am still not able to afford a flat in bangalore.DO you think i'll buy the Flat with out checking it, analysing it and comparing it? No one is that stupid to invest with out knowing where they are investing it.

    As you rightly said the prices are driven by the Politicain and Business Man but not the NRI who are working abroad.

    By Blogger Guru Venkatachalam, at 7:44 AM  

  • Thats the very true situation. There are several reasons for the cost going up! In bangalore especially everyone wants to get rich over night, especially the Landowners and the Builders.

    eg. In Mathikere a plot costing 21lacs for 700sqr feet in 2010 is costing 45 lacs in 2013.Its the Landowners who are driving the prices up.An apartment which i was palnning to buy 3 years ago as brand new which was costing 22lacs then is costing me 48lacs today.

    My Friend its not the Foregin workers sho are raising the prices its the land owners. Adding to it is the dual income...easy availability of loan and Blackmoney with the business people.

    Even i am working in London from 3 years and i am still not able to afford a flat in bangalore.DO you think i'll buy the Flat with out checking it, analysing it and comparing it? No one is that stupid to invest with out knowing where they are investing it.

    As you rightly said the prices are driven by the Politicain and Business Man but not the NRI who are working abroad.

    By Blogger Guru Venkatachalam, at 7:44 AM  

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    By Blogger Dunitz Sandrino, at 2:45 AM  

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  • I agree with your opinion that For a family of 4 members, online property so con-jested for a primary school student. Rates are really going high.

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  • Buying a 3BHK flats in Banglore is difficult because IT sector is growing at high rate so investing would be a bit difficult


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    TAKE A LOOK ​AT OUR PROJECT SHAM'S HEIGHTS
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