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

Additional Read: Enjoy Living Luxury Life By Investing In Ahmedabad Property

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Enjoy Living Luxury Life By Investing In Ahmedabad Property

Located within the Ahmedabad Municipal Corporation Limits, Godrej Garden City is home to nearly 1500 families. It boasts of world-class amenities and the architects of the project are Skidmore, Owings and Merrill (SOM), who have designed the Burj Khalifa, the tallest structure in the world.

Godrej Garden City is one of the property in Ahmedabad promotes sustainable living with 10 acres of space around the complex beautifully landscaped housing walkways, jogging tracks and children’s play areas. Because of the green initiatives, it has received the Green Residential Society Platinum Certification from the Indian Green Building Council.

As it is a gated community, it offers the privacy you desire. The township has a 3-tiered security system which is quite robust. It also offers a covered parking facility with reserved spaces. There's a separate parking area for visitors.

The township offers all civic amenities within the confines of the including medical centres, banks, schools and hospitality outlets. Additionally, there is a club house sprawling across 70,000 sq feet that offers world-class facilities. There are several other recreational facilities such as an indoor play area and a swimming pool.

Located at Jagatpur, about 1.8 km from the SG Highway, Godrej Garden City is easily accessible from the airport which is just a 40-min drive. The nearest railway station also merely 20 km away. It's also close to the BSNL Training Institute and the Nirma University.

Built by one of the most trusted names in the real estate industry, Godrej Properties, Godrej Garden City offers affordable green homes for a high-end living experience. Bajaj Housing Finance Limited offers home loan up to Rs. 3.5 crore to help you buy your dream apartment at Godrej Garden City.

Additional Read: Ahmedabad: The Upcoming Real Estate Destination

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Why Mumbai is the Best Destination to Own a House In?

Palava City developed by the Lodha Group is one of the prestigious real estate property in Mumbai. Spread across 4500 acres, Palava City is strategically located on the Kalyan-Badlapur Road, at the junction of Dombivali, Kalyan and Navi Mumbai.

The buzzing Thane-Belapur commercial hub and the upcoming Navi Mumbai International Airport are a 20-minute drive from Palava City and the adjacent Dombivali, Vashi and Diva railway stations make the township accessible from different parts of Mumbai.

Along with great connectivity, the township also boasts of top-notch amenities such as supermarkets, community spaces and clubhouses among others. There's a large shopping mall housing a number of branded outlets. Palava City Mumbai also boasts of a FIFA-standard football field, a cricket stadium and several multi-purpose courts for indoor sports.

Also Read: Buying a Flat in Mumbai? Check out the Top 5 Localities for Residential Purpose

It also houses educational institutes of repute. Currently there are three schools affiliated to the Council for the Indian School Certificate Examinations. 20 more schools are planned to come up in the near future. This ensures your children receive quality education without having to travel far and wide.

Well-maintained roads and gardens further elevate living standards at Palava City. Also, these high-end amenities can be availed at a cost-effective price point, making Palava City one of the best living destinations in Mumbai.

And with a home loan from Bajaj Housing Finance, you can have the money you need as well as in-person assistance for site visit and documentation for your dream home.

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Here is a Brief Insight Into the Top Two Real Estate Pre-launch Projects in Bangalore

Bangalore is experiencing exponential growth in real estate projects for both categories – i.e. residential and commercial. In recent years, the city has witnessed investors pouring in their resources to create projects meeting global standards. The idea is to provide world-class buildings and infrastructure to the market that would stand true to the IT growth propelled by the city!

This has led to the launch of some amazing projects and here, we are listing two of them:

K R Puram’s Sobha Lake Garden

A promising pre-launch project like Sobha Lake Garden will be an oasis in the midst of the spiralling city. The project is expected to house around 677 apartments. The apartments will be available in 1, 2, 2.5 and 3 BHK formats.

The housing project will provide amenities like a jogging track by the lake as well as kayaking facility for apartment owners. The best part, the project is registered with RERA – so no worries if you go all in with your money on this one.

There are many other worthy projects that you should read about at: Real Estate Bangalore: Top 3 Pre-Launch Projects at a Glance

Whitefield’s Shriram

Located in the IT hub of Bangalore, the project is perfect for those who want to invest in a real estate project that is the perfect amalgamation of luxury and comfort. Owners will enjoy the best of class-leading amenities all the while feasting their eyes on the elegance of the project and its overall all aesthetic appeal. On top of that, the project claims that all facilities are offered at competitive rates.

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: Things to Check Before Buying Flat in Bangalore

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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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