A potential homebuyer in Bengaluru is contemplating the purchase of a 33-year-old apartment on Old Madras Road for ₹1.4 crore. The buyer seeks advice on the investment's viability, considering additional renovation costs and the potential for future redevelopment into commercial property.

• 01The apartment is priced at ₹1.4 crore and requires an additional ₹10 lakh investment for renovations.
• 02Concerns about the risks of investing in older properties include limited appreciation and potential legal issues with redevelopment.
• 03Social media users expressed mixed opinions, with some advising against the purchase unless in prime areas.
• 04The property could potentially be converted to commercial use after redevelopment due to its main road location.
• 05Older apartments may have limited lifespan and appreciation compared to land investments.

Investing in older properties can lead to financial risks for homebuyers, particularly in terms of potential depreciation and renovation costs.