Important Aspects to Remember When Purchasing Luxury Property in Bangalore

Purchasing a piece of property, especially if its a luxury one requires a lot of meticulous planning as it takes up a considerable amount of your savings. When it comes to investing in cities like Bangalore one must be all the more cautious because property prices here have witnessed an unprecedented rise in recent times. If you are planning to purchase a property here, the following are the top points which you must remember to help make your job of finding your dream house easier -

# Location

Purchasing a property is once in a lifetime work and thus every possible precaution must be maintained when deciding to but one. One of the most critical aspects in this purchase surely has to be the location because this will accordingly determine the quality of your life in the future years.

Almost every location in Bangalore offers great amenities and connectivity, but one that truly stands out surely has to be Skylark Dasos in Hennur Main Road. Not only does it have a number of facilities such as 24Hr Backup Electricity, CCTV Cameras, Club House, Cricket Court, Jogging Track, Library, Play Area, Skating Rink and Tennis Court to name a few inside the society but outside as well. The include banks, schools, and hospitals to name a few.

This is why it is more than essential to exercise caution when choosing the location.

# Legal Aspect

Irrespective of the property you choose, you must always ensure that the developer followed the plans mandated by the state Government and do not deviate from it in the slightest. For this reason, you must always talk to the developer and ensure that you ask for the Government approved documents which should include the clearance certificate and occupancy among others.

Also, investing too much of your savings can cause a strain on your budget. It is thus suggested that you opt for home loan in order to lessen the burden of payment and repay the loan as per your convenience. Bajaj Housing finance offer low interest home loan. 

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Key Factors to Consider Before Buying a Property in Bangalore

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.

If you interested to know how to increase CIBIL Score for home loan then you must visit Bajaj Housing Finance Official website

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