Top Reasons that Make Bangalore a Prudent Option for Realty Investments

Bangalore, popularly known as the Silicon Valley of India, is augmenting the effects of growing IT developments, trade, commerce, startups, social infrastructure, online and digital businesses in the town. This unprecedented growth has trickled down and spread across various sectors in the city.

One of the several outcomes of this economic expansion is the swelling demand for residential and commercial properties in Bangalore. Apart from its self-expansion, there are some other reasons which make the real estate market of Bangalore one of the best investment avenues in India.

A huge chunk of the software engineers of the country is working in Bangalore. To add to this, the opening of many startups in the city has further augmented the employment opportunities in the city. Consequently, there has been a constant rise in demand for affordable housing in Bangalore. There are many residential projects like Sobha Lake Garden which can meet such demands perfectly.

Furthermore, owning a 1 or 2BHK flat in Bangalore can provide significant rental income as every year there is a massive influx of workforce from other parts of the country. The city is undergoing rapid infrastructural advancements. Quality public transport, great connectivity, good higher education, prestigious research institutes, and advanced healthcare, further adds up to the USP of the place.

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Provident Park Square– A Plush Property in Bangalore with High-End Amenities

Are you looking for a house in Bangalore? Being the IT capital of India, Bangalore is witnessing a huge rise in the real estate industry.

Bangalore is the IT hub of the country wherein thousands of individuals from different parts of the country to pursue higher education or find their dream jobs in the IT sector. As such, to accommodate the incoming groups, Bangalore keeps upgrading its real estate industry through the construction of new properties and apartments for the residents.

If you are searching for a new home in the city, you can have a look at the plush property named “Provident Park Square” in Bangalore.

Providing lavish 1BHK, 2BHK, and 3BHK apartments, Provident Park Square is a beautiful real estate property wherein you can consider investing towards making a secure, peaceful future for yourself and your family.

This residential project also provides world-class amenities to the residents –right from bespoke views to luxury living spaces, secured complexes, swimming pools, parks, and so more to enhance the overall living conditions of the dwellers.

Moreover, there is also proximity to the nearby schools and IT giants with the interconnection established through roads and rail network.

Read Also: Real Estate Instruction for Investors for Properties in Bangalore

If you wish to know more about the Provident Park Square properties in Bangalore, you can visit Bajaj Housing Finance for the same. It provides an in-depth idea of the residential apartments and what you are about to receive from the particular real estate investment.

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Real Estate Instruction for Investors for Properties in Bangalore

Bangalore has experienced a tremendous increase in the number of housing projects all around the city. If you are looking for a home in this city, this is the right time to look for the right house with amazing offers on the quality of life and provides a luxury living.

Provident Park Square has gained high popularity and fulfilling the reams of several people who are in search of the affordable luxurious house. It is the best idea to invest in property and even if not in use, it is easy to sell and get awesome returns.

Here are a few points that should be considered when buying a home and is the needed property rate instructions for property buyers:

We know that luxury comes with a price tag. If you are unable to arrange for the entire amount, look for the financial institutes and non-banking companies like Bajaj Housing Finance provide the needed loan amount. It is easy to get the required loan for over a period of 20 years.

Along with this consider the basic guidance value when looking for the property in Bangalore. This is the minimum rate fixed by the state government in Bangalore for a specific apartment or a flat. This is basically based on the factors like type of project, locality, development in the area, facilities and population.

Gather a detailed knowledge of the stamp duty and registration charge when purchasing a house in Provident Park Square. This will provide detail on the money you have to spend on stamp duty and for other legal consideration.

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Property Rates Instruction for Real-Estate Investors in Bangalore

Planning to buy a property in Bangalore? Checkout the property rates instruction for investors for properties in Bangalore.

1. Financial Knots

Luxury always comes with a price tag. It is more than likely that you would not be able to arrange the entire amount at one go. Thus, do some research about your home loan eligibility and find out how much you're eligible to borrow.

2. Amenities & Car Parking

Every luxury housing projects like Provident Park Square offer amenities like swimming pools, clubhouses, jogging tracks, and playgrounds. They attach extra value to a property. Hence, the government keeps these things under valuation.

3. Stamp Buty & Registration Charge

Stamp duty is the tax levied on land purchase documents for legal confirmation of transfer of property. The rates vary from one state to another and the latest rates are available at local land revenue department.

You can use the stamp duty calculator but in order to efficiently use it, you must have the basic knowledge and be aware of the charges. So, below are a few things you need for calculation of stamp duty and registration charge.

• Super built-up area is considered for calculation in case of multi-storied apartments.
• For plots, the sq. ft. area is multiplied with the prevailing guideline value of the area.
• In case of independent houses, the total area is considered.

Talking about registration charges, even after paying the stamp duty, you can’t claim the property unless it is registered in your name. In Bangalore, 1% of the property value is charged as the registration fee.

Additional Read - Here’s How you Can Buy a Home Within Budget in Bangalore

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