The Blog

For many people, the measure of their success is their house. Coming home from a hectic workday, you do need a private sanctuary that you can unwind in. No noise, no stress and no drama. Your own apartment, is your personal space-a place where you can be yourself, a rare opportunity nowadays!

If you are looking to invest in Bangalore, you are in for a treat. Houses are available in various places, and the houses themselves are of various sizes. If you have a large family, look at investing in a 3 or 4 bedroom apartment. The 4bhk villas in Electronic City are very popular among those looking for a living space away from the hustle and bustle of the city.

For many first-time home-owners, buying their first home might seem like a hassle. However, it is quite the opposite. There are a few things that you must keep in mind, before investing. Apart from that, the process is easy, and you will be able to become a home-owner in a relatively short amount of time.

1. Approvals and licences:
Check all the paperwork, approval and licences of the builder. The last thing you want is a property in dispute. Check for environmental clearance, approved building plans, the title deed, the release certificate, approvals by local bodies, property tax receipts, etc.

2. Banks financing the project:
Many builders don’t get bank loans. So, once you finalise the property, and confirm all approvals are okay, check out which banks are ready to fund the project, and which one is offering you the lowest interest rate loan.

3. Total Costs:
Do not listen blindly to the broker. Many times they mention just basic costs, and not internal/external developmental fees, location charges, and other expenses like parking, clubhouse, statutory charges and importantly service tax. Ask for the final consolidated property cost.

4. Right Plan:
Choose between down-payment plan, flexi-payment plan, construction-linked plan, and possession-linked plan. Experts insist you choose carefully, as every convenience has a cost. The price in subvention schemes, for example, is around 10% higher than regular schemes.

5. Apartment Size:
Builders generally mention super built-up areas in brochures, including common areas like staircases and lobbies. The carpet area could actually be around 30% less than the super built-up area. For example, what appears to be a 2-BHK 1,000 square feet flat, can actually just be around 700 square feet.

Buying your dream home is indeed a landmark moment. When you are looking to invest in luxury apartments be careful and take into account the above factors, before making a choice.

Living in Bangalore, can be truly a pleasure if you find the right house for you and your family. Do your research well, and buy your dream apartment soon.

Script a fairy-tale family life with your loved ones.

Chat With Us