Apartment buying suggestion

[k2s]

2 hours ago, killerspin said:

Manikonda area lo new 2BHK apartment 60L ki undi friend valladi..seems 4-5 guys pooled money and built apartments. Maa vadiki some 4 flats vachinayanta. He is quoting 60L for one 2BHK flat. Rent around 20k vastundi in same apartments. Pedda master plan community em kadu. some 50 flats unnayi anthe. Aa area lo edi chusina crores lo unnayi but this seems under priced..dont know much about RE market in india. Just shed some light

 

It's not uncommon to see varying prices for real estate properties in different locations and with different amenities. The price quoted for a 2BHK apartment in Manikonda area at 60 Lakhs may seem low, but it's important to understand the context and factors that are affecting the pricing.

Here are some of the things that could be affecting the pricing of the apartments:

1. Location: The location of the apartments is one of the most important factors that determines the price. Manikonda may not be a prime location, and hence, the prices may be lower compared to more developed areas.

2. Amenities: The quality and number of amenities in the apartment complex can also affect the pricing. If the apartments are not equipped with modern facilities, the price may be lower.

3. Competition: The level of competition in the area can also impact the pricing. If there are many similar properties available in the same area, the prices may be lower to attract buyers.

4. Builder reputation: The reputation of the builder can also impact the pricing. If the builder is not well known or does not have a good track record, the prices may be lower.

It's always a good idea to do your own research and consult with real estate experts to get a better understanding of the real estate market and the prices in the area. In this case, since you're not familiar with the Indian real estate market, it might be a good idea to consult with a real estate agent or a financial advisor to understand the market conditions and the pricing of similar properties in the area.