Bachupally 2BHK Apartment: High Floor, West-Facing

Telangana, Medchal Malkajgiri, Bachupally, 500090

₹ 7,000,000 70 Lacs
Project Name : Cannys Forest Edge, Bachupally

Property Highlights

2
Bedrooms
2
Bathrooms
1235
Sq.ft
1
Parking
1533
Property ID
2
Balconies

Enquire About This Property

Get FREE publisher contact details instantly

Discover the Space

Presenting a meticulously maintained 2-bedroom apartment at Cannys Forest Edge in Bachupally, a well-connected locality (500090). This spacious 1235 sq ft unit, located on the 10th floor, offers a desirable West-facing orientation and two private balconies, ensuring ample natural light. Residents benefit from comprehensive amenities, including a multi-gym, aerobics room, air conditioning, and 24-hour security, enhancing comfort and convenience. With direct bus route frontage and an attractive price point, this owner-listed property provides a compelling living or investment opportunity in Medchal Malkajgiri, Telangana.

Loan Calculator

Loading...

Monthly EMI: Calculating...
Total Payment: Calculating...
Total Interest: Calculating...

Neighborhood data not available for this location.

Quick Facts

Listed byOwner
Year Built2023
Property TypeApartment Flat
FurnishingFully Furnished

Frequently Asked Questions

Data enriched FAQs with helpful insights and visuals

01

What is the sale price of this Property?

This Property is priced at ₹70.00 L. This works out to approximately ₹5,668 per square foot. The price may be negotiable based on market conditions, property age, and your payment terms. Contact the seller to discuss financing options and potential discounts for cash buyers or quick closures.
02

What is the built-up area of this property?

The built-up area is 1,235 square feet. This provides comfortable space for family living with adequate room for all daily activities. This includes all rooms, corridors, balconies, and covered spaces as per the approved building plan.
03

Can I get a home loan for this property?

Yes, banks and NBFCs offer home loans for this property. Based on the price of ₹70.00 L, you'll need a downpayment of approximately ₹14.00 L (20%). For the loan amount of ₹56.00 L at 8.75% interest rate for 15 years, your approximate monthly EMI would be ₹55,969. Over 15 years, you'll pay ₹1.01 Cr in total (₹56.00 L principal + ₹44.74 L interest). Current interest rates range from 8.5% to 9.5% depending on your credit score, bank relationship, and loan amount. Compare offers from SBI, HDFC, ICICI, Axis Bank, and LIC Housing Finance.
04

Is the listed price negotiable?

Yes, property prices are often negotiable. In this market, deals typically close 2-6% below the asking price. For this property listed at ₹70.00 L, you could realistically negotiate to ₹65.80 L - ₹68.60 L, potentially saving ₹1.40 L to ₹4.20 L.

Price Negotiation Scenarios

Negotiation success depends on several factors: property time on market (properties listed 90+ days see higher negotiation), seller urgency, your payment terms (cash buyers have more leverage), market conditions, and property condition. Get a professional valuation (₹5,000-10,000) to strengthen your negotiation position. Research recent sale prices of comparable properties in the area. Make your first offer 7-10% below asking and negotiate from there.
05

What is the annual property tax?

For this property in Panchayat, annual property tax is calculated on Annual Rental Value (ARV). With a property value of ₹70.00 L, the estimated ARV is ₹4.20 L (6% of property value). Panchayat tax rate is typically 3-5% of ARV. Your annual property tax would be approximately ₹12,600 to ₹21,000.

Property Tax Component Breakdown

Tax is payable in half-yearly installments with 5-10% rebate for advance full-year payment. Vacant land attracts lower tax. Keep tax receipts updated for loan eligibility and future sale.
06

What is my total cost in the first year of ownership?

Here's your complete first-year ownership cost breakdown for this ₹70.00 L property:

One-Time Upfront Costs:
  • Downpayment (20%): ₹14.00 L
  • Registration & Stamp Duty (10%): ₹7.00 L
  • Legal & Documentation: ₹30,000
  • Brokerage (if applicable, 2%): ₹1.40 L
  • Total Upfront: ₹22.70 L
Recurring Costs (First Year):
  • EMI (12 months @ ₹55,969): ₹6.72 L
  • Property Tax: ₹29,400
  • Maintenance: ₹29,640
  • Home Insurance: ₹8,000
  • Total Recurring: ₹7.39 L
Grand Total (Year 1): ₹30.09 L

Upfront Cost Breakdown

First Year Recurring Expenses

Loan Principal vs Interest

From Year 2 onwards: ₹7.39 L annually (EMI + tax + maintenance + insurance). Budget an additional 10% buffer for unexpected repairs or expenses.

Share Property

Easy Search

Merry AI

Your Property Search Assistant