Bengaluru - the silicon valley of India which was earlier known as Bangalore - is so far the only cosmopolitan in India. Bangalore being the IT hub of India, has become the home for IT professionals from across the globe. This is one reason buying a property in the city is quite difficult and expensive. However, once the task - owning a property in Bangalore is done, the investment turns into one of the major asset of the investor. Thus, when it comes to buying a property there, it becomes important to plan things meticulously in advance.
A lot many people know it, but some are still unaware of this fact stated above. So, for them, below are some factors one should consider before buying a property in Bangalore.
1. Builder’s reputation: Real Estate property is highly unregulated. Though the introduction of RERA has helped a bit, but Indians are good with loopholes and thus the risk with buying property still remains. Hence, whenever you plan to buy a property in Bangalore, make sure to gauge the credibility of the property builder or agent.
The best way to check that is by asking them for their RERA certification. Projects like Tata Value Homes, Tata New Haven, or Skylark Dasos are the properties which are RERA approved. You must be aware with their status.
2. Project location: Properties located centrally yield higher ROI compared to properties located on the outskirts of a city. Hence, pay special attention to the location of your property.
3. Legality: Zero legal problems associated with the property you plan to purchase simply means a peaceful life after the transaction is complete. Thus, hire a lawyer or legal professional to conduct a general survey to ensure the property is legally sound for purchase.
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Additional Read: Enjoy Living Luxury Life By Investing In Ahmedabad Property
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