Bengaluru city and it’s neighboring areas like Nandi Hills, offer a variety of affordable houses that are on sale. While searching online, you have to be clear about your budget and location preferences.

The secret to find a good match for your requirements is to connect with the owner of a house on resale. Many people have reportedly received at a good bargain for a pre-owned house from an owner in distressed sale.

But if you wish to invest in a new real estate property in Bangalore a little further from the main city, you can get a beautiful home for yourself for a budget of 40 – 60 lacs!

Real estate is commonly referred to as an immovable property that may be an independent piece of land. Or it may be land with other attachments like constructed building, water bodies, flora and fauna, and/or any other construction.

But broadly, for real estate investors, it refers to the following categories:
1. Residential real estate
2. Commercial real estate
3. Industrial real estate
4. Agricultural real estate

Property developers and house owners often list their properties on leading real estate portals like magic bricks, India property and 99 acres. These sites can be used to search and find average cost of investing in a home in a given locality.

Like this group of healthcare professionals who invested in a 50,000 Sft commercial space at Yelahanka. This investment is said to be generating a rental income of 4.2 Lakhs per month from the past 3 years, with Tata Westside as tenant.

But everyone may not be able to invest such big amounts. Here, investing in a new home instead, may help. Apart from savings in rental costs, one may avail tax benefits and asset appreciation.

While investing in an self-owned residential property in Bangalore, the first step is to ascertain the income versus expense ratio. How much can one afford?

Many people recommend, saving at least 25% of the annual income for future requirements or any rainy days. And not more than 35% on debts. Then there are home related costs, that are recommended to be limited to 25% to 30% costs.

However, depending on the individual’s financial status, the affordability of a self-owned house can be ascertained.