Is buying an old flat a good investment?

Nothing can be more profitable than purchasing a flat at a price much lesser than the market rate. Moreover, the resale flats are fully constructed and come with a ready-to-move-in tag. Hence, if all the other factors work in your favour, it might be a good idea to invest in a resale flat.

What is the resale value of flats in Chennai?

It should be somewhere around Rs. 1200 to Rs. 1500 per sq ft. The depreciation is calculated according to the depreciation rate of 1.5\% per year.

Do apartments have resale value in Chennai?

Yes, apartments do have resale value. If you are looking for an investment look for apartments in developing areas (instead of buying it in city center).

Is it worth buying 20 year old flat in Chennai?

You may get a maximum of 15,000 Rs only and have to shell out 17000 Rs more towards EMI . By the end of 20 years you would end up paying 1 crore Rs for an apartment which is not worth it. Since the appreciation is low for apartments it wont worth 1 crore. Hence forget the apartment idea for investment sake.

What is the average price of a house in Anna Nagar?

The average price per sqft for Houses in Anna Nagar, Chennai is Rs. 14,914. The price range per sqft is Rs. 3,968 – Rs. 32,857. Know more. How many without brokerage Houses for sale are available in Anna Nagar]

How much does a 3 BHK flat cost in Chennai?

43 Apartments / Flats For Sale in Anna Nagar, Chennai List of Flats Price 2 BHK Flats (1434 Sq Feet) 1,12,00,000 3 BHK Flats (1200 Sq Feet) 1,52,50,000 3 BHK Flats (1525 Sq Feet) 1,90,62,500 3 BHK Flats (1555 Sq Feet) 1,85,00,000

What is the pace Prana project in Anna Nagar West?

Pace Prana offers 2 BHK flats in Anna Nagar West, Chennai North. These are a ready to move flats. There are a total of 6 towers in the project. The project is a nicely designed and offers an excellent infrastructure to the residents. It spreads across a super built-up area of 917.0 sq. ft.

Which is the best north facing property in Golden Colony Chennai?

Sri sai Baba Realty Offered North facing property easily accessible to nearby schools colleges hospital just parallel to the main road in golden colony just near to the ex IAS house.Land area 3600sqft building area 7200sqft.Good location and vip area in Chennai.If you want to visit the property please let me know.