Flats or Villa – Which is better for long term investment?

Investing in real estate is a big commitment. On top of that, one needs to explore every available avenue of information before investing their hard-earned money. Most people debate between the option of a flat or villa. The decision on whether you are going to invest in a villa or a flat boils down to your budget.

Your finances should dictate the choice. It is best to explore all the options in projects such as the Godrej Garden City Ahmedabad. When you take a closer look, flats come much cheaper than stand-alone villas. But, the space accorded by villas is much more. If you do the math and a bit of research, the amount of money you will be spending on a villa these days can get you on a duplex, luxurious apartment. The choice should be based on your requirement and lifestyle choices.

Next is the maintenance cost. Villas are naturally larger than flats and hence, require higher per-square-foot maintenance. In case you are investing in a villa with a huge garden, you need to pay for its maintenance. However, many flat owners are known to have large terraces and plants, and hence, the expenses remain the same. If you go in for a builder villa, you can get the same level of maintenance. However, most people find it easier to take care of a flat or apartment.

Also Read: Flat vs villa: What should you invest in?

Location plays a very important role these days – especially when it comes to real estate properties. It is best to invest in a property that is well-connected with the rest of the city, located at the heart preferably close to basic amenities like health care facilities, schools/colleges, market complex and the likes.

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.

Additional Read: What Exactly Constitutes Affordable Housing?

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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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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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