{ "media_type": "text", "post_content": "In late 20s, single and planning to buy a house for parents in Hyderabad, India.\nI want to make sure they are completely happy with the choice, but also want to be reasonable with the amount I am spending as I don’t plan to settle in India and this would just be an immovable asset. Should I look for an apartment or villa and what would be a reasonable budget? I have around $100K savings, make around $140K and planning to getting married in next 1 year and buying a house in US in next 3-4 years.", "post_id": "60b33f7fb8e3dc00207fff4d", "reply_count": 13, "vote_count": 4, "bowl_id": "58f8108c753e990016608a0b", "bowl_name": "Desi Consultants", "feed_type": "bowl" }

In late 20s, single and planning to buy a house for parents in Hyderabad, India. I want to make sure they are completely happy with the choice, but also want to be reasonable with the amount I am spending as I don’t plan to settle in India and this would just be an immovable asset. Should I look for an apartment or villa and what would be a reasonable budget? I have around $100K savings, make around $140K and planning to getting married in next 1 year and buying a house in US in next 3-4 years.

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I think you'll have to checkout properties as there are lot of options. these days you sort of have hybrid villas... homes which are not huge as villas, but are within a gated community in which security etc are taken care off. I've done lot of shopping around when I was in Hyderabad last year. Even in outskirts, apartments by decent builders end up being super expensive. For example, all 3BHKs in Kompally, manikonda were 1Cr+. Instead of spending 1Cr+ on an apartmen, I thought it's a better investment on a villa (even if it's not huge), because we'll have the land to ourselves. I ended up buying a villa on 180syrds plot in patancheru (2-3 mins away from ORR) and I'm happy with my decision. It's not a huge one with lot of maintenance costs like a villa and at the same time has all the benefits of a simplex. If you are interested check out "APR Praveen's Grandio"

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Yea, you'll have to search. I got mine for 1.3cr last year. In and around patancheru/Mallampet you'll find properties in range of 1-1.3Cr

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Hey Op, I bought a house for my parents 5 years ago in Hyderabad. I agree with others above. If they don’t have to be “in the city”, find a house in outskirts. Less traffic, less pollution, calm and peace. I had the same question too. Apartment or simplex or villa ? My parents are in their 60’s. So Villa won’t be good for them with constant up & down walking. And, no matter how much you think it is for them not for you, you will own the place after them. So I did not want to spend in apartment (as it depreciates over time), and also I did not find good apartments in the outskirts anyway. So I found a good venture in outskirts, bought 2 bedroom simplex. Lot of my neighbors have villas. After 2 years, I constructed another floor on it and we use that as “guest house”. I am completely happy with those decisions. This is my experience, hope that helps you.

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Thanks for your inputs. Simplex sounds like a good idea, but we would need at least a 3 bedroom house so that I and my sister can comfortably visit them. 3 bedroom simplex might be as expensive I believe these days. I am completely aligned on choosing the outskirts part. But due to recent developments in Hyderabad, I am getting a feeling that it might soon be like Mumbai where apartments would be appreciative at least till 10-15 years. Currently I think they start depreciating after 7-8 years. Also apartments could be easier to manage for parents from security and amenities viewpoint. That’s the reason am considering apartments as well.

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Which part of Hyderabad? Price can vary significantly based on location

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I would suggest to strongly consider an apartment given the high maintenance of a villa. Also easier to make new friends

If your parents dont need to be "in the city" for work or social interactions most of the time, i suggest buying a villa along the ring road. Some good ones are coming up and provide peace of mind, away from a lot of hustle and bustle with easy access to the city when needed. But a villa in a good society even on the outskirts will be about $300k.

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My parents would be living there for at least next 10 years so might not consider selling before that.

Villas are a headache. Too much maintenance and then walking up and down is not feasible in long run. Apartment complex provide security, a lot of amenities and socialisation opportunities. Ideal for kids and elders

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Living it up in the city.

what are yours side gigs?

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