|Buying Property Tips#1: Choose the Right Location|
|Before you choose a location, it is of utmost importance that you consider the development prospect of the area. Other factors to consider here is crime record of the area, availability and nearness of public facilities and utilities.|
|Buying Property Tips#2: Study the Local Market Dynamics|
|It is important to get well familiar with the local realty market. Learn the variation in property prices by street. Don’t shy away from asking a few realty investment agents questions to get better insight on the matter.|
The continuous increase in the business activities has resulted in a number of real estate projects in the city. Bangalore real estate has much more to offer in terms of style, comfort and price. Several housing options include house, villas, bungalows, apartments in Bangalore. The price of different property depends on the type, size and location of accommodation.
To take the advantage of boom in real estate sector in the city, a large number of realty players are coming up. Some of the reputed developers include NCC Urban, Multi Group, Balaji Developers, Pavani Homes, SRK Infrastructure, SRR Group, Sierra Constructions, Edifice Builders, JSR Enterprise Housing Projects, and Galaxy Developers.
These builders offer state-of-the-art residential and commercial property, which is an ideal option to make investments. In today's time, real estate sector has come up as one of the most profitable investment options in India.
Posh Realty Destinations in Bangalore
|Buying Property Tips#3: Choose the Right Property|
|Getting the right property right away is quite unlikely. First, you need to be clear on why you want to buy an investment property. After that, you will be able to make right decision based on factors like remoteness or accessibility of the property.|
|Buying Property Tips#4: Do the Math Properly|
|Get a precise idea on the value of assets you have available. If you are investing in rental property, make sure you can easily cover the mortgage payment through rents. Additionally, get a clear idea on the appraisal value of the property beforehand.|
|Buying Property Tips#5: Consider Additional Expenses|
|When purchasing an investment property, it is not only the selling price that investors need to consider. There are various additional expenses such as property tax, home owner’s insurance, repair & maintenance that must be considered.|
South and East Bangalore include numerous well-known locations that are perfect for buying or selling property. Such locations include Whitefield road, BTM layout, Outer ring road, Airport road, K. R. Puram, Sarjapur, Electronic City, Marathahalli, Bannerghatta road and JP Nagar, among others. On other hand, North Bangalore includes posh areas such as Devanahalli Road, Doddaballapur, Hennur Road, and Yelahanka. Hebbal is one of the prime locations in North Bangalore, which is known for its luxury apartments, infrastructural facilities, parks and connectivity. 2BHK, 3BHK and 4 BHK flats in Hebbaloffer a lucrative option to make investments and earn huge returns in future.
Real Estate Projects
To match up with the increasing demand for residential and commercial property in Bangalore, the developers in the city are coming up with a plethora of realty projects, including apartments, villas, luxurious condos, bungalows and townships. Some of the projects include:
Sowparnika Swastika, Sarjapur RoadHouse of Hiranandani Villas, Devanahalli RoadGarden Residency, WhitefieldPratham Casa Serene, Jalahalli WestGarden Residency, Electronic CityHealth City, DoddaballapurHebron Enclave, K R PuramMBR Shangri-la, Mysore RoadGlen Gate, HebbalThe Aeries Residences, Indira NagarBlossoms, AnjanapuraKings & Queens, J P NagarAban Essence, HSR LayoutSobha City, Hebbal
The property price in Bangalore is witnessing a surge due to an increase in industrialization, foreign investments and rising disposable income of people. The residential complexes offer every possible facility that makes Bangalore real estate a perfect destination for potential investors. Moreover, the growth drivers such as flourishing IT sector, infrastructural facilities, rising income levels and set up of IT Parks is expected to maintain the rising property trend in the coming years.
|Buying Property Tips#6: Inspect the Property|
|To ensure that you are getting everything you are paying for, a thorough inspection of the property is essential. Besides ensuring that you are not overpaying, a rigorous property inspection also gives you a good estimation on what the additional expenses might be.|
|Buying Property Tips#7: Pick the Right Financing Option|
|While interests on investment property loans are tax free, some borrowing costs aren’t immediately tax deductible. Knowing that, and structuring your financing in accordance is crucial. Don’t hesitate to ask for help from a financial advisor.|
|Buying Property Tips#8: Invest through Equity|
|One of the best ways to purchase an investment property is to leverage the equity of another property (including your primary home). This is a preferable way among regular investors, especially due to added tax deduction advantages.|