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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RERA Revolutionizing the Indian Real Estate Industry

The RERA Act was implemented on May 1, 2017, which completely changed the face of the real estate industry in India. Developers have had to formally register under the RERA Act to be able to sell the property to consumers. It has affected the metro cities the most and has brought about a sense of relief to buyers who were looking to make an investment in the property sector.

Some of the major game changers in the RERA Act are the stringent timelines on the developer, failing which they are liable to refund the amount with interest to the buyer. Also, the unique RERA registration number enables the user to decide whether or not a seller is legitimate and suitable for any further investments.

It also gives power to the buyer using which he/she can investigate the track record of the seller to ensure their credibility and reputation. One of the most trustworthy and reliable developers are the Dosti West County in Thane West, Mumbai. Along with a good reputation and extensive facilities to its buyers, they comply with all the RERA norms strictly and aim at providing better solutions to its buyers at reasonable prices.

Deviating from the marketing ads and charging more than 10% of the total cost of the property as a booking amount is also a breach of the RERA Act which might cost the sellers their licence and might even involve jail-time. The Act has the best interest of buyers at heart.

Also, you can buy a home with instant housing finance facility by Bajaj Housing Finance Limited, you may have the capacity to guarantee the advantages from PMAY home advance or PMAY CLSS.

Additional Read: 3 Things You Should Check Before Buying a Property in Mumbai

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Ahmedabad: The Upcoming Real Estate Destination

Planning to buy property in Ahmedabad? As buying property is a very personal decision it is good to have the right knowledge before making your decision. Moreover, what Ahmedabad as a city holds for you will largely depend on what your priorities are. Let’s know about it below - 

Affordability: Ahmedabad holds a number of popular real estate pockets such as Satellite, Gota, Prahlad Nagar, SG Highway, Chandkheda etc. offering amenities-rich housing. With the average price of property starting from Rs. 17.50 lakhs for 1 BHK flat in Ahemdabad unit there are ample housing projects like Samarth Stanza and others, home buyers can check out. Besides, the rapid development of the city ensures the invested property reaches a good appreciation value.

Easy finance: Keeping with the demand of affordable housing leading lenders such as NBFCs and financial institutions offer low interest home loan. This allows users to book the property of their choice and easily pay off the home loan. Besides, one can apply for the loan online with minimum paperwork and save both time and effort in the process.

Best developers: The real estate is a growing sector of the city largely owing to its developers. With names like Adani, Sun Builders, Savvy Infrastructures, Godrej Properties and so on. There is a dearth of reliable and reputable builders who offer quality housing projects for people from all walks of life.

RERA Approved: Ahmedabad offers RERA approved real estate projects which has made home buying simple, easy and fast. One can find the details of housing projects in Ahmedabad on RERA’s official website for home seekers to make their decision.

Additional Read: Why You Should Invest In Real Estate In Ahmedabad?

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Important Aspects to Remember When Purchasing a Property in Bangalore

Purchasing a property in Bangalore involves a lot of thinking. This is because buying a new apartment involves investing a lot of your savings. In a big city like Bangalore, finding an apartment which will serve all your needs is not an easy task. Even though there are projects like Sobha Avenue which cater to the needs of every buyer.

House-hunting in Bangalore involves going through a number of parameters, a few of which are as follows -

• Legal Matters

Before considering your apartment options, you must make sure that the projects you are considering are approved by the Government of Karnataka. This is because the Government has put certain laws in place for the benefit of the consumer from which no developer can deviate. It is thus essential to talk to the developer and ensure that they provide all the Government approved documents such as the clearance certification before investing.

• Reputation

You must conduct a bit of background check on the builder’s reputation before deciding whether to purchase or not. This can be done by going through the list of previous projects and customer testimonials to get a better idea of how good the builder is. You can either reach out to the people using online forums or by talking to them directly in person.

There are a number of lenders & NBFCs also available to finance your property purchase in banglore. By applying for home loan in Bangalore, you can be availing financing of up to Rs. 3.5 crores which can be repaid back in a tenor of up to 240 months.

Additional Read: Things to Remember When Buying Property in Bangalore

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Buying an Apartment at Rohan Abhilasha Wagholi

There are many housing projects coming up in Tier 2 cities like Pune, Jaipur, and Vadodara. These are often good options for real estate investments. There is less pollution and residents have access to beautiful open spaces like public gardens, lakes, and jogging parks.

There are many options for flats in Pune like at Kunal Aspiree, which is situated at the end of Balewadi. Adding to the appeal of this residential complex is the scenic beauty of the nearby river. Plus, the project is close to the upcoming smart city of Baner. In future, the area could see development such as malls, schools, office buildings, and hospitals.

If you have young children, you may want to stay where there is place for them to play in the evenings. Rohan Abhilasha could be a good option for Pune residents. The complex is well designed and has open spaces for senior citizens and kids. It is important to figure out your priorities before you start looking for properties. This will help you zero in on the right home in a speedier way.

Before you make an investment decision, do a complete background check of the project. Also, before taking a loan, compare the rates from at least two to three lenders. You could look at banks and NBFCs like Bajaj Housing Finance. Look out for pre-approved loan offers and lenders associated with the building projects that are on your wish-list. These could speed up the loan application and disbursal process. In addition, it would help to submit all the paperwork carefully. This would reduce the approval time for your loan and the chances of rejection.

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Ways to Maximize Residential Property Yields

With Bangalore being a leading city in the real estate industry, it is now attracting investors who are willing to invest in flats in Bangalore - only if these apartments provide higher property yields and cover the full investment initially made while buying the property. There are certain ways how you can maximize your residential property yields.

Rather than investing a handsome amount of money on the exterior of the flat and high-end amenities which people might not even use to their fullest extent like a football ground or a wedding garden, focus on the interiors. Sprucing up the interiors of your apartment could give you potential rental yields that might shoot to as high as a percentage every year.

Now another factor that would define your return yields on your property is lits ocation. There are a few prime locations in Bangalore which are considered to be good for investments right now like Whitefield, Mallsandra, Hennur road, etc. Godrej Eternity is one such eminent property in Bangalore that sits near the Kanakpura main road, Mallasandra. It houses 2BHK & 3BHK apartments which are well designed and spacious.

They have amenities like a clubhouse, courtyards, activity terraces and green spaces sprawled across the area which makes it quite a good investment option. For those who are looking for flats in Bangalore, Godrej Eternity definitely comes up on the list, given its basic yet essential amenities and the correct balance between modern and essential facilities.

In Bangalore, there are most builder properties are Rera-approved and you can also avail instant housing finances to buy those properties through Bajaj Housing Finance and many more other financers.

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Things to Know About Palava City by Lodha Group

A smart city situated in Mumbai, Palava City offers the highest standards to its residents. Sprawled across an area of over 4,500 acres, it houses international standard like amenities with world-class infrastructure. Well connected roads to the nearby railway stations and the upcoming airport give it an edge over other townships.

Finding a suitable flat in Mumbai is a tedious task, you somewhere end up compromising on one or the other important checklist factors that you might have for investing in a house. However, the Palava City is a complete package in itself, it meets high expectations of the investors by providing top-notch facilities within its boundaries.

With the news of the upcoming 7-million square feet working spaces in the city, it has been attracting people ever since. The hassles of travelling back and forth to your office can be drastically reduced, or even wiped out completely owing to nearby offices in the city itself. A great opportunity for entrepreneurs who are looking for co-working spaces or start-up hubs is strongly present in the Palava city.

It leaves out no reason why one should not make an investment in their property. Right from the renowned educational institutes to rich co-working spaces, the Palava City has it all. Rich green spaces in the township and amenities like playgrounds, clubhouse, a shopping mall with PVR multiplex along with the humongous playgrounds and cricket stadium is what makes the Palava city your best investment option.

With more and more home seekers eyeing affordable housing, major lenders such as NBFCs like Bajaj Housing Finance offer high-value loans amount up to Rs. 3.5 crores at an affordable interest rate and flexible tenure of 240 months with minimum paperwork.

Additional Read: Reasons to Invest in Lodha Palava City

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2 Reasons Why You Should Buy an Apartment in Chennai

Whenever we buy or plan to buy something, we first contemplate the advantages of the product or the value it will add in our life. The same applies to people planning to buy flats in Chennai. Accordingly,  Chennai is a large, vibrant metropolis and an economic centre located in the south of India.

Buying a property in Chennai comes with its own fair share of advantages such as the one mentioned below. 

• Buying a house is an investment and also boosts your income

    First but foremost, we all know buying a house is an investment which also boosts the owners income, if they rent it. However, the investment becomes very considerable if the property is located in Chennai - a major metropolitan of India. Plus, a house in Chennai is likely to garner more income from rental compared to a property in Kolkata, Pune and other tier 2 city.

• Buying a house in Chennai can help you earn good ROI

    It is quite evident the population in India is increasing day by day, may be at a slower rate than previous decade, but the growth is there. Hence, the rise for housing properties will increase someday or the other, it is definite - and Chennai being a metropolitan, will be affected the most with the surge in demand. Thus, with limited land to build new apartments, the rate of existing apartments in Chennai will go up. This eventually means the property appreciation rate will go up by a considerable margin, and you’ll earn a significant ROI from your investment.

There are a number of lenders also available to finance your property purchase. Using a housing loan, you can be availing financing of up to Rs. 3.5 crores which can be repaid back in a tenor of up to 240 months.

Additional Read: Benefits of Buying an Apartment in Chennai

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Best Areas in Bangalore for Buying an Apartment

The IT hub of India has always been a people’s favorite for job as well as residential purpose. Apart from having the most number of IT companies, Bangalore is one of the 5 biggest metropolitans. The city has sufficient jobs, proper public infrastructure, a good property appreciation rate, and a good nightlife along with some of the biggest educational institutions. In and all, Bangalore should be the first choice of people planning real-estate investment irrespective of the purpose.

However, before you make a decision in haste, do some research or get recommendations from local friends about which area in Bangalore is best for real-estate investment. Don’t worry if you don’t have a friend in Bangalore who could help you in this, this city is home to prestigious residential projects like Shapoorji Pallonji Parkwest and Shriram Sameeksha, here are some of the prime destinations to do so: 

Chandrapura: Chandrapura is a residential suburb in South Bangalore which offers an array of choices.The locality is well connected with the other major areas by roads, airport and metro station.  

Kengeri: Well, talking about Kengeri, some of the best apartments in Bangalore are located in this area. The area is often referred to as satellite town of Bangalore owing to the strategic location and good connectivity with other important areas of the city, especially the IT parks. 

Whitefield: Whitefield, if you ask the local Bangaloreans, is one of the best places for real-estate investment. Some of the newly constructed affordable apartments in Bangalore for sale are in Whitefield. 

There are a number of lenders also available to finance your property purchase. Using a housing loan, you can be availing financing of up to Rs. 3.5 crores which can be repaid back in a tenor of up to 240 months.

Additional Read: Top Places in Bangalore to Buy Apartments

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Reasons to Invest in Lodha Palava City

Mumbai has for long been known as the city of dreams. Every year thousands of people flock the city with dreams in the eyes and hope of making a better life and career for themselves. However, almost all of these people facing one huge problem - finding the right real estate for themselves. This is because apartment prices in Mumbai are sky high and in order to purchase an apartment, one always has to compromise on the convenience as it always has to be at a location which is a little away from the main city. 

So does this mean that flat buyers should now have to compromise on the amenities and benefits which are offered by residential properties in the prime areas?

Certainly not.

Realizing the ever-increasing demand for real estate, a number of developers have started developing projects which not only provide world-class facilities but are affordable too. One such project is Lodha Palava City. It offers world-class facilities and great amenities, a few of which are as follows - 

Location: One of the biggest convenience which Lodha Palava City provides is that it is very conveniently located and well connected by rail, road, and air. It is 40 minutes away from Mumbai’s main port, less than an hour away from South Mumbai, has a number of railway stations in the vicinity such as Dombivali and Vashi to name a few, and is just 20 minutes away from an upcoming international airport. 

Amenities: Lodha Palava City has all the modern amenities that you can possibly think of and much more. These include sports infrastructure for kids and adults, gymnasium, library and swimming pool. There is also a shopping mall in the vicinity to take care of all your shopping and entertainment needs. 

Finance Options: There are a number of lenders who are offering home loans for purchasing a piece of property in Lodha Palava City. This means that you can choose your desired lender as per your needs and preferences which makes purchasing that dream house all the more convenient.

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