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Tips on Buying Homes in Bangalore and Kolkata

Buying Homes in Bangalore

Bangalore and Kolkata are both destinations that are becoming more and more popular among prospective homebuyers. Both cities provide excellent employment opportunities and access to essential amenities. However, there are some ways in which life in both cities is very different.

If you’re thinking about buying Bangalore flats for sale or a house in Kolkata, then there are several factors worth considering. Here’s what you should consider should you choose to buy property in Bangalore and Kolkata.

What Should You Know About Buying Bangalore Flats for Sale?

Bangalore is also known as the Silicon Valley of India. Another name for Bangalore is the ‘City of Lakes.’ Entrepreneurs, Millenials, and baby boomers are all opting for housing in this picturesque city. As the IT capital of India, Bangalore keeps attracting more and more people who choose to live and work there. A study from JLL in 2018 showed that Bangalore has emerged as a highly dynamic city.

The city has a bustling IT culture and an ecosystem of innovation. The infrastructure in the city is smart, and the transportation network is excellent as well. The real estate sector of Bangalore is booking due to the success of the city in the business sphere. If you’re looking for Bangalore flats for sale, now is the right time to invest in property.

Here is what you should know about living in Bangalore:

Cost of Living

Including tax, expect to spend around Rs. 6-7 lakhs per year, should you not have children. If you do have children, then your expenses can increase to Rs. 10-12 lakhs per year. This is provided you stay on a budget.

If you want to live a comfortable life, you may need to spend up to Rs. 10-15 lakhs without children. With kids, your expenses can go up to Rs. 20 lakhs a year. Some families choose to live even more comfortably, spending as much as Rs. 35 lakhs per year.

Where Should You Look For Bangalore Flats for Sale?

You can choose both luxurious and affordable areas in the city when searching for Bangalore flats for sale. Some of the more posh areas you can consider include Indira Nagar, Marathahalli as well as Malleswaram. You can also consider Kormangala, Jayanagar, as well as Banashankari. Other posh areas in Bangalore include Ulsoor, Whitefield, Basavanagudi, and HSR.

If you’re looking for affordable housing in Bangalore, consider areas like Kuundalahalli, Doddanekundi, and Nagwara. You can also consider places like Yelahanka, Banaswadi, as well as Hennur. Herbal, R.T. Nagar, and Peenga are other areas that provide affordable Bangalore flats for sale.

What to Consider When Looking for a House For Sale in Kolkata?

Kolkata is a bustling metropolitan city known for having a rich culture and vibrant traditions. The city is emerging as a top destination for new homebuyers. This is as both the cost of living and the cost of buying property in Kolkata is much less compared to other large cities.

Despite this, you can enjoy access to essential amenities, a working metro system, and a thriving transportation network. When you’re thinking about buying property in Kolkata, there are several things that you should take into consideration. The location you’re choosing your house for sale in Kolkata will be important, as it will reflect how much you have to pay. It’s more expensive to live in certain areas than in other areas.

Cost of Living in Kolkata

The cost of living in Kolkata is much more affordable than in many other cities in India. If you don’t have children, you can expect to spend between Rs. 6-8 lakhs per year. Should you have children, then your expenses can go up to Rs. 10-12 lakhs a year. These estimates are provided if you choose to live on a budget.

If you choose to live a comfortable life in the city, expect to spend between Rs. 10-15 lakhs per year. With children, your expenses can increase to Rs. 20 lakhs a year, if not more. Some families choose to live luxurious lives, spending upwards of Rs. 35 lakhs every month.

Where Should You Look For a House for Sale in Kolkata?

You can find both affordable as well as luxurious housing options in Kolkata. The kind of property you get also depends on the location you choose. Some locations, specifically those in North Kolkata, such as Sovabazar and Shyambazar, still have homes from olden times. Visiting these locations is like taking a trip from time to the past.

For posh areas to buy homes in, consider New Alipore, Ballygunj, Salt Lake, and Rajarhat. You can find affordable housing in many places in Kolkata. Look for places like Behala, Baruipur, Keshtopur, Baguiati, and more.

Conclusion

Buying both Bangalore flats for sale as well as houses for sale in Kolkata is an expensive investment. This is why you would want to ensure that you make an informed choice regarding your property. Use this guide to get a better idea of what life is like in Bangalore and Kolkata and where you should buy property.

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