On many occasions, while hunting for a property or house, we come to a deadlock of choosing between buying a new house or an old one.
Whether you are buying your dream home or only for investment's sake, the money should be put in the proper place.
It also depends on the individual choice and lifestyle of the property buyers.
There is sometimes room for negotiation with the developer regarding the cost of the apartment apart from the price they are offering.On the other hand, the old property price is generally high if the house in an established posh locality.
However, while zeroing in at a price for buying the house, you have to consider other costing also.
These mainly include the registration and transfer cost, renovation and furnishing, taxes, and brokerage, if any.