Top 5 Reasons to Invest in Bangalore Real Estate

Bangalore is certainly one of the top real estate hubs in India. Pleasant climate round-the-year, proximity to IT hubs, huge employment opportunities and high growth potential are some of the major factors that make Bangalore real estate a potential investment destination for NRIs and resident Indians alike. Well-established localities with a breath of fresh air from the booming IT industry provide the best of both worlds for potential investors and home buyers.

Often, when it comes to actually buying a home or investing in real estate, investors face a dilemma – whether to invest in developing areas with high growth potential or choose residential localities with well-developed infrastructure. With booming IT sector, enhanced connectivity and stable real estate market, Bangalore real estate is just right for anyone who looks for stability, proximity and security.

If you are still thinking whether you should invest in Bangalore real estate, then here are some reasons that are worth considering.

1. Airport-Boosted Real Estate Development

If you frequently travel to work, then Bangalore real estate can be the best investment you can ever make. With excellent residential projects close to international airport, you can travel to almost any part of the world through direct flights. This helps you to forgo the hassle associated with the connecting flights. This international-airport-boosted real estate development has propelled the development of affordable residential projects near Bangalore international airport. Planned road maps and flyovers further enhance the accessibility and connectivity. Undulating lush green surroundings with quick access to major connecting points has attracted a diverse mix of investors.

2. Quick Funding Assistance

Arranging for funds to buy an apartment in Bangalore is quick and simple. This is mainly due to the large number of banks and housing finance companies in this city. Moreover, you will have the best of Life Insurance companies also pitching in their services to give you the funds you require to invest in a property.

3. Information Technology (IT) Hub of India

Investing in Bangalore real estate will not only be a good choice for your residential requirements, but will also open up new doors of opportunities for those of you who seek promising career opportunities. Techies can be assured of exciting career opportunities, thanks to booming IT sector in Bangalore. In addition, there are residential projects to suit every budget and with close proximity to tech parks. So, you need not worry about hassle of long commute to work.

4. Top Educational Institutions

If you have a growing family, then you can receive the best of education if you invest in Bangalore real estate. The city has consciously managed to have some of the most prestigious educational institutes, right from the pre-primary level to the post-doctoral levels of research. So, you can ensure quality education of international standards for your children if you plan buy an apartment in Bangalore. Besides, the city also has many reputed institutes specifically designed for working professionals who plan to enhance their skills.

5. Growing Social Infrastructure

No matter how reasonable the price per square foot is or how great the future appreciation rate is estimated to be, one major concern that bothers home buyers is the project’s proximity to essential social infrastructure. From state-of-the-art hospitals to entertainment hubs, properties in Bangalore ensure that home owners have access to great social infrastructure.

Wrapping Up

Clearly, residential projects in Bangalore offer an ideal combination of great real estate investment and excellent quality of life. With spacious homes, great amenities and expansive landscape, apartments in Bangalore can definitely be the best investment.

8 Reasons Why You Should Buy a Property in South Bangalore

If you are looking to invest in an apartment or a villa in Bangalore, you already know it’s a wonderful decision. Bangalore homes some of the best opportunities in terms of job, education and options to create international quality lifestyle for you. After all, everyone aspires to own an apartment in Bangalore, considering the elite social infrastructure the city offers. 

Bangalore today is the choicest destination for all those who wish to make it big in their life. So, in case you are working out of Bangalore and wish to invest in a property, it is best to consider South Bangalore. The reasons are simple – South Bangalore homes a number of IT hubs, which are at a stone’s throw distance from where you wish to get your apartment or villa.

First, you need to get sorted with your budget and decide whether you can afford a 1/2/3 BHK Premium Apartment or a villa. You have to understand that an independent, stand-alone property like a villa will cost you higher than an apartment. However, if it is a good builder, then the cost of the apartment will also go up.

In case of an apartment, it’s better to look for one within the city limits, so that you can reduce your time to commute and also stay close to social infrastructure. However, don’t forget to check whether the property you choose has all the amenities required to support your lifestyle.

Coming back to the million-dollar question – why South Bangalore? Well, here’s the billion-dollar, 8-point answer:

1. Stay close to some of the best IT parks

There are numerous Tech Parks in this part of the city, with MNCs like CISCO, Flipkart, Samsung, Amazon, etc., as tenant companies. So, by investing in an apartment in South Bangalore, you can also tap new job opportunities with some of these top MNCs.

2. Best social infrastructure

Some of the best hospitals like Sakra World Hospital, Apollo Hospital, etc. and top schools like DPS, Orchids International, Greenwood High, etc. are all in and around South Bangalore. So, you don’t have to bother about your kids travelling kilometers to reach their school. Also, with the top hospitals around, you can get the best possible healthcare assistance on time.

3. Finest shopping malls and entertainment hubs

No matter where you live, you will definitely visit shopping malls for grocery, dressing and other day-to-day requirements. South Bangalore has some of the best shopping malls and branded shops from where you can easily shop. So, most of your weekends will be sorted and fun filled, while saving time on commuting.

4. You are in South Bangalore, you are nearby posh locality

Koramangala, Electronic City, Marathahalli, White Field and HSR Layout are all close to South Bangalore. Hence, if you wish to travel to these regions, you can get there easily.

5. Cost factor

Buying an apartment in South Bangalore will not make a dent in your pocket. Apartments in the gated community are all mostly within an affordable range.

6. Investment friendly

If you have some extra cash on you that can be parted with, it is good to invest in a villa or an apartment in South Bangalore. This area is developing at a rapid rate and soon your property will return you double or triple profits. Therefore, buying properties in South Bangalore can be a great investment, if you have some cash to spare and wish to make profits out of it.

7. Good source for rental income

With most of the IT hubs being in the Southern part of Bangalore and with youngsters increasingly looking for accommodations in this area, your apartment or villa will become a great source of earning when you let it out on rent.

8. Amenities available can complement your lifestyle

Most of the villas and apartments in the South of Bangalore are from reputed builders. Hence, you can stay in a gated community and have all the amenities like gym, swimming pool, club house, pool, table tennis court, lawn tennis court, pool, snooker, jogging tracks, etc. You expect a superior lifestyle with additional facilities like landscaped gardens and parks.

To Conclude

To understand how a property will realize itself in terms of price value, you need to consider a few important factors. There are some properties that look highly lucrative, but, be cautious and don’t go by gimmicks. Do a proper research of the area. Understand every facility and service that is being provided to you. After all, a property is a lifetime asset bought from your savings.

You need to do a good homework on the property and the locality. In case you wish to settle down or have a property in Bangalore, South Bangalore can be a good option. This blog just provides basic information on why South Bangalore can be a good option for buying a property. However, you need to do your own research to find out how good and affordable it can be for you.

10 Important Factors to Consider in Home Buying Process

Bangalore is a potential property destination for investors and home buyers alike. This makes buying property in Bangalore a ‘dream come true’ for many. People do everything in their ability to buy property in this city. If the property is in a premium location, then the value of the property and the desire to own it also increases.

Buying an apartment in a city like Bangalore requires meticulous planning. Finding the perfect apartment – for investment or living – can be challenging. So, as an aspiring home owner it is important for you to thoroughly prepare to face this challenge and find the right apartment for you. After all, this could even be the decision that might take up your life savings.

Here are 10 essential points one must consider while buying a home in Bangalore or anywhere in general.

1.  Location

The location of a property is very important. You must consider premium locations while buying aflat or an apartment, even if the property you buy is quite old. Experts say, considering only the age of an apartment is not always the best idea. Instead, checking its location and the neighborhood around can be a great way to go about home hunting. This gives you a good idea about the safety as well as the resale value of the apartment that you plan to buy.

2.   Accessibility

Whether you are buying a plot in a gated community or in a common locality, the location plays a vital role in analyzing how your property will sell in the future. Furthermore, if your apartment is close to the main road, then the commute noise can be a real nuisance for you. On the contrary, in case you chose an apartment in the city’s interior localities, then the travel expense can be more expensive than you would otherwise incur. So, carefully decide where your plot should be - near your workplace, your children’s schools, healthcare centres, etc.

3.  Proximity to the Best Educational Institutions

It is a known fact that most of the old educational institutes of repute are in prime locations where the property is saturated. However, many new international schools of repute are coming up, which are good as well as conveniently located. Finding apartments that are near these institutions help you resell your property easily, even if your own kids have grown up and don’t go to school.

4.  Safety and Security

An extremely important factor you need to consider is the safety and security in the area where you plan to buy your flat. If it is in close proximity to premium locations, then you can rest assured that the area is safe. However, it is always good to do your research to stay away from the areas where the safety and security is low because the chances of getting a good resale value for your property in such areas will be very less.

5.  Facilities in the Neighborhood

The price of a property shoots high if it has hospitals, educational institutions, recreation centres, and offices in its vicinity. If you buy your flat that is in close vicinity to these facilities, which you access on a daily basis, then the resale value of your property will also automatically shoot up. However, if you haven’t exactly chosen a prime location where the places you visit on a daily basis are not within a short distance, then you will end up spending a lot on commuting.

6. Evaluate the Apartment’s Interior Fixtures

Many realtors play a prank and don’t actually provide quality fixtures like electricity boards, plumbing gears, etc. They just include some luxury decorations to make the property look plush and nice from the outside. Quality interior fixtures are important and should be made of the best quality materials. Else, you will end up with more expenses than what you can manage at the time.

7. Talk to People around and Analyze their Community Experience

The kind of community you are going to live in is very important than just buying a property that looks good. You and your family will always want to mingle with the people around and be an active part of the community. In case the community does not match up to your lifestyle, you would feel socially deprived.

8. The Size of the Home You Need

There are 1 BHK, 2 BHKand 3 BHK apartments that are usually up for sale. You should know your budget and your needs before freezing on either one of these types. Being extremely meticulous in understanding what your requirements are and what you can afford is extremely important. Realtors can be persuading and their pep-talks can make you buy something that does not cater to your needs or fit your budget.

9.  Checking for Loan Approvals and Down Payment Options

Knowing the kind of banks attached to the property you are buying is very important. In case you wish to buy a property, please ensure that the banks providing loans come under government, such as State Bank of India or Life Insurance Commission. However, if international banks are involved, then make sure you understand their interest rates well before applying for the loan.

10. Light and Ventilation

It is very important to buy an apartment that is well lit and well ventilated. Natural light and cross ventilation are two important factors that aspiring home owners like you should consider. For this reason you should go and inspect the property during the day. Sunlight and air circulation is very important for you to stay healthy.

To Sum Up

There are several points to be considered while you zero in on an apartment. Buying a property can either be a ‘dream come true’ or a ‘total nightmare’. However, this depends on your preparation and the decisions you make. Hope these 10 points help you choose the best property, which can be cherished for a lifetime.

7 Mistakes That Can Cost You Your Lifetime Savings While Buying an Apartment

The real estate market is one place every one fears a lot. Fraud is frequent in real estate sector, which could be anything from low-quality construction and delay in handing over the property to builders absconding after taking the money from aspiring home owners like you and me.

If you are looking to buy premium apartments in Bangalore, there are quite a few realtors who offer excellent apartments. So, if you have made up your mind to buy an apartment, then here are top 7 mistakes that you should avoid.

1.  Focusing on Flashy Details Rather than the Essentials

Quality construction should be your first priority and concern rather than enticing external designs of the apartment you are looking to buy. Realtors can be good at luring you into lacquered glass, vitrified tiles and other exquisite details, however, taking a closer look at the plumbing, quality of the construction materials used and other details that assure long sustenance of your apartment is important.

Note: There’s nothing wrong in having a beautiful house, but only after the basics are in shape.

2. Avoiding Projects that Involve Huge Down Payments

Most customers who look for flats and apartments tend to choose realtors who settle for minimal down payment. While this might sound great initially, the process only makes a deep hole in your pocket.

Those who pay small down payments will then go on paying heavy monthly instalments, making a big mistake. First, huge down payments are helpful in keeping your pressure of monthly payments low. So, you will be left with more to make substantial savings and stay prepared for unexpected expenses that come as time passes.

3. Choosing a Risky Loan Scheme in a Hurry

There are various types of financial units that function within the real estate industry. You know for sure that buying a premium apartment without any kind of financial assistance can be difficult. Everybody needs some kind of loan to buy a property. Now, this is exactly where it can get tricky when you might end up choosing a risky loan scheme.

In India, two most reliable housing loan providers are - LIC and SBI, who provide highly competitive rates and are reliable as well. However, there are other international corporate bankers who offer home loans too. Unfortunately, they can lure home buyers into the trap of free market which ultimately results in huge monthly installments.

 4. Not Researching

Most of the people have major time constraints, which prevents them from doing the necessary research and falling into the trap of buying the property that they first see. You may have the hawk’s eye when it comes to property, yet not making the necessary research may not be the best idea always. Look around your choice of locality. Compare a few properties, a few builders, their construction standards and then narrow down on buying one.

Consulting friends and acquaintances and if possible, looping in some of your friends into buying apartments from the same project can be a great way to go about buying a property. It is always better to have family and friends close by.

5.  Not Reading the Documents Thoroughly

Realtors can talk home buyers into investing in the property without giving them an opportunity to thoroughly check the paperwork. Most of the people looking to buy apartments or flats get carried away by the sweet talks of the sales guys employed by the realtors and do not get the properties checked by a lawyer to validate if its genuine. One aspect that results in this is time constraint. However, this may cost you your lifetime earnings. So, do not get lazy to read the documents of the property you are planning to buy. It costs only a few thousand rupees to hire a lawyer and get the papers verified, but you can save lakhs.

6.  Over-Spending on Interiors

Most of us have a dream of making our houses look extremely beautiful. As most of the time we cannot get into buying high-end villas or houses, we satiate our hunger for beautification with interiors. However, going overboard to decorate your interiors too much may not be a great idea. Do as much that is good for the house and is essential. Save the rest for future maintenance requirements. What you probably don’t know as a first-time apartment buyer is that any property is a huge commitment. You will keep seeing new expenses looming up from time to time. While there is nothing abnormal about this, it is better to stay prepared for the expense that crop up. So, instead to overdoing your interiors, you can save that money for future.

7. Falling for Too-Good-To-Be-True Schemes

There would be many property dealers who lure you by showing properties that are very attractive. Understand something - no real estate company can afford to give properties at throw-away prices. You will have to pay a good price for a premium property. The situation of Indian real estate is such that no real estate company will be able to give it away to you incurring loss for them.

So, do your research well and stay away from fraudulent schemes that ultimately lead to huge financial pitfalls.

Summing Up

Many people in our country are running up and down the corridors of the courts trying to get their money back, which they lost by investing in fraudulent property schemes. After all, you spend your lifetime savings on an apartment. You can’t afford to lose it to fraudsters who are waiting to cheat you off your hard-earned money. Visit: http://sonavistaas.com/

5 Checkpoints Before You Invest an Apartment

Every time you see a new and lush property, don’t you get attracted immediately, Almost all of us look to buy a good property in a good location having good facilities. However, not all that looks good is worth a buy.

If you keep a constant tap on the recent property deals and the frauds associated with them, you would remain cautious every time you are looking top invest in a property. In case you are not aware of the property deals and the thugs associated with them, it’s time to check before you go headstrong in buying one.
We agree that a property is worth millions and one must invest on one. It’s an asset that every one of us should have. The Indian government has been trying to invest in building houses for one and all. However, they have failed to meet up with the promise owing to numerous reasons. Some of us who are lucky enough and can afford to buy an apartment, should always keep some check points in mind.

5 Checkpoints Before You Invest an Apartment

There are many checkpoints, but we are mentioning 5 highly vital out of these:

Check#1: Check the price of the property

Identify your salary slab and the savings you have. Check all the resources that are available with you that can give you the affordability of buying a property. Now after you have cross-checked with your resources, you need to look at the price of the property you have chosen and the facilities and amenities it provides.

Ask for the price of the property and compare it with other neighboring ones. Look around- take a thorough survey. Avoid brokers and middlemen and contact the dealers and real estate directly.

Check#2: Buyer-seller agreement

In case you decide to book a flat, you would be asked to make a down payment. This is usually 10% of the total amount and no bank or investment firm would pay you this sum. You need to arrange for this sum.

1. You must get a seller-buyer agreement where the entire deed of your property would be mentioned. Read the deed very carefully.

2. Check whether your property is A-Khata or B-Khata. Buy only A-Khata properties as they have been approved by the Govt. of India.

3. Once you have got an understanding of the Khata status, understand if it is a disputed property. Certain properties in Bangalore are still disputed and the developers have not received the possession of it. In case you fall into that trap, your entire investment will go in vain.

4. You all need to understand that your property dealer may put in additional clauses inside your deed, which if you do not read carefully, you may be taken for a good toss. These clauses could be hidden costs like market conditions and the rise in price due to several unseen factors.

If you are not careful enough about the things mentioned in the deed, you may end up giving more money by the end of the project, while you are going to possess your apartment.

Check#3: Location and its surroundings with upcoming projects

We all are basically looking to get the best of amenities, facilities and local surrounding of the property we select. It is important that you check what kind of neighbors you have and the kind of facilities like water, electricity and other basic needs that are being provided by your dealers. Also, always check the sewer storage and the other plumbing details to ensure no leakage is happening.

In case there are neighboring properties are getting constructed, you need to figure the status of these as well. After all, it is an investment of the lifetime and you need to ensure you are in good hands surviving with good neighbors.

Check#4: Date of possession of your apartment

These days many industrial construction projects are delaying in delivering than their stipulated dates. Most of them are also not delivering the apartments as promised. Innumerable such instances have been reported where builders have fled without completing the projects and returning the money. Once your dealer absconds from the site with delivering you your property, you can neither do anything about it nor spend long years in filing a case.

Such do your home work well. Study the history of your dealers and then and only then go and invest.

Check#5: Banks and other financial institutes that will give you the loan

The price of an apartment is so high, that it is not possible for most of us to afford through our personal savings. You need to borrow from a bank or a legalized financial agency that will support your at least 70-80 percent of the entire sum.

Check and cross the banks and financial agencies that have been enlisted with your builder. If it is a govt. sponsored bank or an internationally reputed bank, you are in safe hand. Also, LIC is one good funding partner. If your builder has tied up with one or more legalized financial agencies, you are in safe hands. Else you may have to pay more interest that can go heavy on your pockets.

Conclusion:

Buying a property is a good thing of course. Everyone needs a shelter which is safe and secure. All of us are saving and working our guts out to create a haven for ourselves. To make sure your investments and hard-earned money does not go in vain, kindly go through the check points we mentioned and also read more about the safety measures to be taken before you buy any apartment or property.

Sona Vistaas Apartments for Sale in Bannerghatta Road, Bangalore

Sona Vistaas offers you 2 & 3 BHK Premium Apartments in Bannerghatta Road, Bangalore. That feature great living arrangements creating a perfect blend of safe and friendly neighborhood, space optimized designs and a panoramic view of the beautiful surroundings.

Sona Vistaas Premium Apartments for Sale in Bannerghatta Road, Bangalore

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