Why to Buy a Residential Flat in Bangalore?

A good flat in Bangalore is required to ensure better architectural design and modern day amenities, as well as safety to the inhabitant. 

Tata New Haven incorporates all the aforementioned elements and attracts people with its captivating beauty. That is the reason why many working people are willing to invest in this property.

If you’re also thinking of buying a flat here, you need to consider the following reasons: 

1. You will enjoy a higher ROI on resale or rent 

-> Making an investment in Tata New Haven apartment will be beneficial for you even in the future.

-> As you’re likely to get higher ROI on its resale value in the future or even if you decide to rent your apartment for meanwhile. 

2. Better transport connectivity

-> Another reason why many people are ready to invest in a flat in Bangalore is due to the city’s better public transport connectivity.

-> Even app-based cab services like Uber, Ola, and Meru cabs are easily available for a daily commute. 

3. Affordable home loans

-> People are investing in good apartments in the city due to the stable real estate market, which makes apartments inexpensive.

-> Moreover, affordable home loan are available for working individuals at banks or other financial institutions.

To know all these reason in detail about why to buy residential flat in Bangalore if you are interested to buy flats, must apply for home loan in Bangalore from Bajaj Housing Finance now.

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Things to Check Before Buying Flat in Bangalore

Bangalore is a booming city and the center of India’s high-tech industry. The value of real estate in Bangalore is on the rise given its importance and popularity. Purchasing real estate in Bangalore is thus worth the investment.

The rising popularity of the city will offer ten times its purchase value in the future. Though investing in real estate is always considered sagacious, the benefits double in case of Bangalore. There are a plethora of property options in the city such as the Shriram Luxor. These are the top reasons to invest in a 1 BHK flat in Bangalore.

1. Safe investment option

The most significant reason to invest in a 1 BHK flat in Bangalore is because of its investment aspects. Investing in real estate is considered to be one of the best and risk-free investments. 

2. Lower maintenance cost and property tax

1 BHKs have lower property tax and maintenance cost. This saves the money spent on hiring someone to look after the flat.

3. Easily affordable

The number of benefits and comfort offered by flats justifies its rate. Also, many NBFCs offer offers low interest home loan along with extended tenure. They low EMI and extended tenure makes the cost affordable and extremely manageable.

These are some of the reasons to buy a 1 BHK flat in Bangalore. There are other reasons too, but these are most obvious.

Bottom line: Here are some reasons to buy a 1 BHK flat in Bangalore. These flats are worth every penny owing to the number of facilities and luxury it provides. Customers can also think of investing in the upcoming projects which will hold high value in the future.

Additional Read: Things to Consider When Buying 1 BHK Apartment in Bangalore

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Top 2 Locations in Bangalore for Residential Purpose

The decision of buying a property in Bangalore can be one of your biggest and most profitable ones. The real estate sector in the city is expanding since the growth of IT sector is causing a lot many people to migrate here in pursuit of a better life.

However, home buying is a major decision and thus, proper financial planning is inevitable. Apart from that, you must ensure the property you buy is located in an area which is safe for residential purpose, has a high value appreciation rate, is situated close to all major public infrastructures such schools, hospital and transport facilities etc. 

Well, the task of finding the popular property destinations in Bangalore can be a little difficult, but let us make it easier for you. Below are some of the best locations in Bangalore for residential purpose. 

Horamavu: Horamavu is home to some of the biggest and most popular housing projects such as Sobha Lake Garden. Located in the north-east part of Bangalore, Horamavu offers easy accessibility to the airport through the Outer Ring Road.

Kanakapura Road: Located in south of Bangalore, Kanakapura road enjoys excellent connectivity with top centres of the city. Not just that, one of the prime reason of buying a property in Kanakapura is the Bangalore-Mysore infrastructure corridor known as NICE Road. This corridor connects Kanakapura with Bangalore, Mysore Road and Bannerghatta Road. you can easily buy a property in Bangalore by apply for Home loan in Bangalore from Bajaj Housing Finance at attractive interest rates.  

Bottom line: Last but not least, make sure the flat in Bangalore you plan to buy is RERA verified. Also,, the dealer you choose to proceed with must be registered with RERA. 

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3 Things to Consider While Buying a Flat in Bangalore

Given the fact PMAY housing scheme is valid till the end of this financial year, most people would be planning to buy a house in the next few months. If that’s true even in your case, below are some of the facts you must keep in mind before buying a property in Bangalore. 

1. Location of the house: Would decide the kind of returns you can expect from your investment in real-estate. The closer your house is to the center of your state’s capital city, property value appreciation rate is higher. 

Thus, pay proper attention to the location of your property while buying a flat in Bangalore. For instance, properties such as the Sobha Lake Garden is situated at a prime location, well connected with these modes of transport.

   

2. Dealer’s credibility: After the RERA act, no property dealer can sell a property without RERA registration. The dealer has to be registered and even the property needs to be RERA-verified. If you end up buying a property which is not RERA-verified, you might have a hard time getting approved for a home loan. Thus, gauge the credibility of your builder before buying a flat from them. 

3. Rate of returns and amenities: Last but not least, assuming your purpose of buying a flat in Bangalore is to sell it off later and earn a high ROI, you must ensure the property is available with value added amenities. These value added amenities will supplement your property’s resale value.

Additional Read: Five Things to Check When Buying a House in Bangalore

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