October 17, 2016
49
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5:44Now PlayingExpert: Jayashree Kurup, Head-Content and Research at Magicbricks.com.
Question: I am planning to invest in Bengaluru. I have a budget of Rs 30 – Rs 45 lakhs. I can hold the property for 5-10 years. Which are the locations where I'll good rental returns? I am planning to go for ready to move in properties.
Answer: Within your budget of Rs 30 – Rs 45 lakhs you can get Under Construction 2BHK builder floors or apartments. The sizes of these are 1050 - 1181 sq. ft. So the rental income will start only after you get possession in 2017-18. 2BHK apartments are available on a rent of Rs 11,000 – Rs 23,000 per month. Some areas where you can get good rental returns are Whitefield, Kudlu Gate, JP Nagar, Hormavu, BTM Layout and others. In the last 2 years prices have gone up by approximately Rs 500 per sq. ft.
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