My upgrade plan stuck on Bengaluru resale market

So, after all this discussion, what's your plan, OP? Did you manage to get a buyer or are you still evaluating options? We're all curious what happened next with your Bellandur flat!

That's a solid point. Documentation is key. And yes, the price has to be right. Bellandur is a good location, but the market is flooded with options. You might need to price it slightly aggressively to stand out, especially if you want a quick sale. Think about offering something extra, like leaving some appliances, to sweeten the deal for buyers who are budget-conscious and looking for value.

My advice would be to get a realistic valuation from a couple of local brokers who specialize in resale in your area. Don't just go by what your neighbour sold for or what online portals show. Sometimes, what seems like a good deal on paper ends up being a long drawn out process because the price isn't aligning with current market expectations. Also, make sure all your documents are pristine; any discrepancy can delay the sale indefinitely. I've seen deals fall through because of minor paperwork issues.

Haan, taxes are a crucial point. For selling a property, the biggest one is Capital Gains Tax. If you sell after holding for more than 2 years, it's Long Term Capital Gains (LTCG) at 20% with indexation benefit. If less than 2 years, it's Short Term Capital Gains (STCG) which gets added to your income and taxed as per your slab. You can save LTCG by reinvesting in another property within a specified period or specific bonds. Also, don't forget the TDS (Tax Deducted at Source) of 1% if the property value is above ₹50 lakh, which the buyer deducts and pays to the government. This needs to be factored into your calculations.

Uff, taxes are a nightmare! Stamp duty, registration, then capital gains if you're selling. It just eats into your profits. I sold a plot in Aavalahalli last year and the amount I ended up with was way less than I expected after all the deductions.

Sahi baat hai, negotiation toh hoga hi. But what about the taxes you mentioned, OP? What are the main tax implications when selling a residential property in Bengaluru? I'm completely clueless about that part.

Bellandur is still strong, but the selling time can vary greatly depending on the building's age, amenities, and how realistic your asking price is. Data suggests that properties in well-maintained societies with clear titles and good connectivity, like near the upcoming Metro Phase 2 stations, still fetch good prices. However, the average selling time for a 2BHK in South-East Bengaluru has increased by about 15-20% in the last year compared to pre-pandemic levels. Be prepared for a negotiation, buyers are savvier now.

Akshayanagar mein demand achhi hai. But Bellandur ka kya scene hai? Is it still hot with all the new IT parks coming up further down ORR?

I disagree with that. While new projects have their appeal, there's definitely a market for resale, especially if your property is in a prime, established area like Bellandur with good connectivity. I recently helped my cousin sell his 3BHK in Akshayanagar in just under 3 months, and he got a decent price. Buyers are looking for ready-to-move-in options to avoid construction delays and GST on new properties. Plus, the sense of an established community is a big draw for many families.

Honestly, resale market is a tough nut to crack right now, especially for apartments. Most buyers, especially first-timers, are drawn to the shiny new amenities and payment plans of new projects. Plus, the price difference isn't always that significant after you factor in all the hidden costs and taxes on resale.

Bhai, you're speaking my mind! I'm also looking to sell my 1BHK in Marathahalli to upgrade, and the thought of finding a buyer for resale is giving me sleepless nights. Lagta hai sabko just launched hi chahiye.

My current flat in Whitefield is getting tight, time to upgrade. I work in real estate, so I see all the new project hype from Prestige and Godrej. But honestly, resale ka market kya scene hai Bengaluru mein? Mera 2BHK Bellandur mein hai, around ₹1.1 Cr ka. Bechne mein kitna time lagta hai yaar? Everyone glorifies buying new, but selling an existing property in this market feels like a headache with all the taxes. Are buyers even looking at resale, ya sabko brand new hi chahiye, especially with Metro Phase 2 expansion attracting new areas? Change my mind.