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FAQ: Are properties in Bengaluru good to hold on to? - Property Hotline
Posted
June 7, 2016
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129
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June 7, 2016
129
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5:47Now PlayingBe Un Confused
Expert: Jayshree Kurup, Content & Research, Magicbricks.com
Q: I have a land on which I have built a house located at BTM 6th stage opposite Horimavu Lake in Bangalore. The plot was allotted by BDA over 20 years ago and I built a home 16 years ago. Area hasn't developed properly. Will it develop? Should we sell the property or hold it? There are some other plots that are also lying vacant.
Answer: Overall, the locality has good future prospects, with significant real estate and infrastructure developments to come. Hence, you should hold on to the property for some time for reaping optimum benefits. Don't exit just before it achieves its true potential. Think of holding on to it for at least another 5 years for best returns.
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