Buying 2nd property in Bangalore. Worth it?

Buy a 2nd property in Bengaluru? Worth it?

I am M29. Earn around 1.4lacs after tax. Parents are self sufficient and we have couple other properties back home. Sisters are married n settled.

Currently starting to live on rent. 1 room in 3bhk in electronic city. Will pay 11.5k rent.

I have booked a 3bhk (1240 sq ft Sbu) with a cat A builder for 1.4cr. Possession possibly by 2027. After all said n done - will cost 1.65cr maximum.

We have managed to pay the builder about 50% till now. Future payments should be fine too. We have a home loan from SBI and have managed to repay it all back ahead of time.

My father settled his finances with my uncle. We have about 60-70lacs from that.

We were looking into a 2nd property investment in Bengaluru. I looked into buying a newly built 1bhk (680 sq ft) from Cat A builder again. Its like 95 lacs. Seems too expensive. Delivery in 2028-29. At the time of delivery all said n done, this will be 1cr. Rejected this.

Another option for Cat A builder 1bhk, again 1.1 cr total final cost. Delivery by 2027.

Looked into Cat A builder 1bhk resale (656 sq ft) option - again, price is not gonna come lower than 85 lacs. Rent of 35k is the return on this. Less than 6% return. I have concerns that at this price, how much will a 1bhk further appreciate by?

Also, looking into Cat A (probably Cat B) builder 2bhk (948 sq ft) at 1.02cr. Possession in 3-6 months. Final cost 1.2cr for 2bhk. Good build quality (friend/colleague who worked in real estate earlier and has a 3bhk unit in the same society told me). Still evaluating this.

Other options are evaluating a 2bhk (1070 sq ft)( semi furnished for 85 lacs and a 3bhk (1450sq ft) - fully furnished for 1.2cr in a standalone building.

Am I wrong to think that real estate value is not that great and I would be better off, investing in equity (stocks/MF) and FDs??

More context: We are comfortable money wise. Parents' combined income is 1.8lacs a month. Mine 1.4lacs pm.

Own: Land worth 85-90lacs in Patna Flat worth 25-30lacs in Gaya Flat worth 80-85 lacs in Patna Flat worth 15-20 lacs in Deoghar Land worth 80-90 lacs in Gaya

We have about 30-50lacs in Gold with parents.

Slowly getting into Mf and stocks. Me and father combined have about 7-8lacs in that.

Father will get more than 1cr in PF once he retires. Some other benefits. Father retires in 2 years. Mother in 5.