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Priya Menon
posted on 10 MayFinally settled in Bangalore after remote buying
Honestly, I thought buying property remotely from abroad would be easier. Just moved into my 2BHK in Whitefield, Prestige Group ka project hai. Now thinking about next steps. Should I sell it after 2-3 years for appreciation or try to rent it out? Rental yield kitna milta hai in Whitefield? EMI kaafi high hai.
#nri-investment#whitefield#prestige-group#rental-yield#appreciation
Comments
This is a classic first-time buyer dilemma, welcome to the club! My take is this: if your EMI is really high and causing stress, renting it out might ease the burden slightly, but won't cover it fully. Selling after 2-3 years means you need to factor in stamp duty, registration, and potential capital gains tax. You might not make enough profit to justify the hassle unless there's a sudden market boom. Maybe consider holding it for 5-7 years, let the area mature further, and then reassess. Meanwhile, try to find a good tenant, even if the yield is low, it's better than nothing. What's your current financial stability like without the rental income?
Sahi baat hai, financial stability is key. EMI ka pressure toh sabko hota hai. Toh finally kya decide kiya, OP? Rent out karoge ya hold for longer term appreciation?
Whitefield is a good area for long-term, but rental yields are tricky. What kind of rental yield are you realistically expecting? Have you checked similar properties in your complex or nearby for actual rental rates? Also, don't forget maintenance costs, property tax, and potential vacancy periods. Ye sab add karke net rental income kitna banega, woh calculate karna padega.
Exactly, as mentioned. My friend has a 2BHK in Akshayanagar, similar price range, and he's getting only 32k. His EMI is double that. So, rental income is more like a small subsidy, not a solution for high EMIs. Selling for appreciation after 2-3 years might be too soon, you'll barely recover your registration costs.
Rental yield for new properties in Whitefield is usually 2.5% to 3.5% gross. After deducting maintenance and taxes, it comes down further. For 1.3 Cr, you might get 30-35k rent max.
Remote buying is a leap of faith, good on you for doing it! My advice? Don't rush to sell. I sold my first property in Bangalore after 3 years, near Aavalahalli, thinking I got a good deal. But five years later, the prices had almost doubled. Capital appreciation in a good location like Whitefield, especially with a brand like Prestige, will likely outpace rental income in the long run. Hold if you can manage the EMIs. Current market conditions with over-supply in some pockets might make selling for quick profit difficult anyway.
Congratulations on your new home! But honestly, Whitefield mein appreciation thoda slow ho gaya hai ab. Supply kaafi zyada hai. Which Prestige project exactly did you buy in? Aur kitne mein liya, if it's okay to ask? Knowing the price point helps in understanding the rental yield situation better.
1.3 Cr for a 2BHK is quite steep! Meri bhi same situation thi Adigara Kallahalli mein. I bought a 3BHK for slightly less, thinking rental income will cover most of my EMI. But rental yield barely touches 2.5-3% in many new projects. Prepare for a significant gap, bhai.
Haan, sahi kaha. Prestige Lakeside Habitat hai. Around 1.3 Cr for a 2BHK. EMI toh 1.1 lakh ke aas paas aa raha hai. Rental yield ka toh soch ke hi darr lag raha hai.
Yaar, I totally get where you're coming from! Remote buying sounds convenient on paper, but the anxiety is real. I'm also looking at properties in Whitefield, and Prestige projects are always tempting. My biggest worry is the EMI, it feels like a constant sword hanging over your head. Selling for appreciation vs. renting out is the eternal dilemma, especially when you need cash flow. I'm thinking of holding for at least 5 years, hoping the capital appreciation beats the rental yield issues. Kitna EMI aa raha hai aapka, if you don't mind sharing?