A guide for first time real estate investors

Real estate business has created a significant number of the world’s affluent individuals, so there are a lot of motivations to believe that property is a sound venture. Whatever it may be, similar to any speculation, it’s ideal to be knowledgeable about the opportunities and problems before making a plunge. Real estate investment is not like the stock market, here you have to deal in lakhs and crores. Arm yourself with the most relevant and up-to-date data before beginning your investment in real estate. In case you are looking forward to buying some Apartments in Talegaon for the purpose of investment then go through the following checklist and ensure safety and security for your investment.

Checklist before investing in real estate

Look for Builders and Dealers

The builder community is the one who owns a maximum number of cheap apartments in Talegaon hence make sure to purchase through them. They can provide you with lots of options and they can help you to accomplish a good deal. So, whatever your wish villa, apartment, or independent house, always look for the most authentic builders in Talegaon.

Flats-in-Talegon

Apply your brain before investing

Don’t try to reside on the others “brain” always. They may misguide you or provide you backdated information. So, if you are really interested in staying and profiting from this market for a long time, then develop you own skill in real estate.

Avoid properties under dispute

Check the papers of a property before investing in it. Lots of first time investors are cheated due to their ignorance. After checking, if any doubt arises clear that doubt at the very first instant. It may happen that the entire amount is spoilt due to any dispute and you may have to take legal help to clear the hurdles.

Don’t buy a flat which requires a huge remodeling expense

Buying a low budget flat in Talegaon is easy and alluring, but always assess the remodeling jobs and related cost before investing. If it becomes really high, then the low budget does not remain low any more. If the investment is in such an area where the apartments are available at the lower rates then it may be a spoil of money for you. So, at first assess the valuation of the area then decide to a low budget or any house that requires remodeling.

Do consider amenities

This days basic and extended amenities are counted first. If your investment comes with 24/7 electricity backup, water supply, and security, you will get a good return within a short span of time. If you get some modern luxury amenities like part, perking, community center, temple, and retail stores within the housing complex, that will surely fetch good dividend within 4-5 years’ time period.

Always remember you are buying the flat to invest, hence you will also look forward to some returns from your investments. Go for a flat which cost you less than the market rates and with some innovation can reap you higher returns.

5 benefits of buying ready possession flats

Bangalore has one of the fast growing real estate markets in India. As more and more IT and other companies set up base in the city, there is an increasing demand for commercial as well as residential properties. The substantial growth in job opportunities results in an expanding employee base and migrating job seekers. They all require affordable and easily available housing units closer to their work places. Most of the home seekers prefer ready to occupy flats in Bangalore rather than invest in under construction projects. Here are the top 5 benefits of buying ready to move flats in Bangalore.

  1. No need to wait for end of construction

One of the major advantages of a ready to move apartment is that there are no construction delays. Usually in an under construction project, the buyer pays the money and wait indefinitely for the project to be completed. Delays occur due to reasons like land disputes, denial of permissions and licences, cash crunch, non-availability of materials, price hike, etc. Even when the project is completed after the stipulated period, some of the promised amenities are never delivered. In a lot of cases, the flat owners are still waiting for the covered car park or the swimming pool that the builder had highlighted in the project brochure. A ready to move flat poses no such issues to the buyer as the property is ready to purchase at any time.

ready-to-move-flats

  1. Immediate possession

When you buy ready possession flats in Bangalore, you get the property once you pay the price. In the case of under construction projects, a series of steps need to be completed before you can own the property, and it takes a lot of time as well for the project to be completed. Ready to move in flats provide the flexibility to buy when you want. For a person with ready to dispose funds, a ready possession flat is the ideal choice.

  1. You get what you see

Under construction properties often fail to deliver the features, facilities, and utilities shown in the brochures and projections. The final product may be different from the plan given to the customers. When you buy a ready to move property, you are getting what is already there, and this makes it easier for the buyer to evaluate the features. Construction quality can be checked before purchase.

  1. Financial benefits

Ready to occupy properties save big on rental and travel charges as the buyer can possess the property immediately after purchase. Another financial benefit is the savings in interest rates on home loans. In the case of under construction projects, tax benefits are reduced if the project is not completed within the stipulated time.

  1. Prior knowledge about the neighbourhood

When it is a ready to move in flat, you already know who your neighbours are. You have a clear idea about what kind of people live in the same building, what their professions and economic conditions are, what kind of communities and groups they interact with, etc. You can also verify the facilities in the location of the project, the social and physical infrastructure available in the area, ease of access, and many other factors that affect the quality of life.

6 Factors affecting Bangalore real estate in 2017

Whenever you plan to invest in a property anywhere in the country, you do count in many factors before you make any decision. Though off-late a slump in the real-estate was seen and expected to haunt the Bangalore real estate along with the economy in the year 2017. Here is a list of top 6 factors, which are haunting the Bangalore real estate;

  1. Demonetization;

After the declaration of demonetization, in November 2016, a drastic change in the real estate was noticed. The sale plummeted remarkably. Though the evil spirit of this ghost still haunts the real-estate market and had affected the market of new projects in Bangalore. People are willing to buy flats and want to even invest in the new construction in Bangalore, though it becomes really hard for them to pay the down payment as a slump had come in the market because of demonetization and banning of the notes. The government is too strict in cash transactions.

new-projects-in-bangalore

  1. Security of Females;

The latest molestation case in Bangalore had been in highlight for many days. People do show their rage towards the security in a city which was considered to be the safest city for women at some time. Today the time had changed, so as the safety, hence this factor is haunting and forcing people to make a distance in investing in the various sites in Bangalore.

  1. The upcoming of sub-standard projects;

You have been saving real hard, to get yourself the top project in Bangalore, and finally, you found out that you have invested your hard-earned money in a sub-standard project. This doubt had been created by builders who had either been using the lower grade raw material or coming up with add-on cost to be paid by the buyer disclosed at a later stage of the deal.

   4. Un-approved Project’s Market becoming Strong;

A term called Pre-Approved is used without any second thought. Though nothing like the same exist in the real-estate market. Builders are using this term to sell the new projects in Bangalore and the end results come to buying an unapproved project in hand. Such bad experiences are restricting people to invest in the under construction projects in Bangalore.

  1. The Broker’s fees becoming Big;

A person is already paying a good amount of down payment, and on top of it, the broker’s fees are becoming big with every passing day. This is actually restricting people to invest in the projects in Bangalore, as no one wants to pay a commission of over a lakh on a project of 30 lakh to the broker.

  1. Under Construction Projects in the Northern Bangalore;

Deconstruction projects in some major areas in Northern Bangalore are really haunting the real estate industry in Bangalore. Some of these projects are a standstill for years and several clients are claiming back their invested amounts. People don’t mind going for buying property nearby Bangalore, as there are better-planned projects with a comparatively less price.

If you want to know more about project details visit Sulekha Properties.

 

Is Haralur Road turning to a prosperous realty hub?

Haralur Road is located off Sarjapur Road in Bangalore, which is the most popular location for real estate investment right now. There are many IT companies in Bangalore due to which the demand for real estate properties is always high. There is a huge number of migrant population in Bangalore because many companies have their corporate offices here. Many prefer Bangalore because it offers various amenities and has a pleasant climate throughout the year. Haralur Road is an upcoming locality which is slowly turning into a realty hub as it is near Electronic city and so, many flats in Haralur Road are coming to cater to the needs of the people.

In the past few years, Sarjapur Road has been the hotspot for buying homes by people of middle-income group. It had many ups and downs in property prices in recent years but still many prefer to live here. The reason for this is that the Road is nearby the IT hubs in ORR, Electronic City and Whitefield of Bangalore. The employees working in these localities generally prefer to live in Sarjapur Road as it has easy access to the companies located nearby.

But in recent times, Haralur Road is getting popular for residential projects because the Sarjapur Road is almost saturated and there are many civic and traffic problems. The internal Roads are in bad condition, water supply is less and there is a lot of traffic congestion in Sarjapur Road. All these reasons have made the Haralur Road, which is off Sarjapur Road, an important place for investing and living here. Haralur Road is very close to Electronic City which makes it popular among the employees working there.

The other areas such as Whitefield, ORR and Electronic City, those techies prefer to live have become saturated and have led them to look for other localities. They usually prefer to choose those localities that have easy access to the IT clusters and have proper amenities. This has made the Haralur Road an ideal destination for residential projects. More number of housing projects in Bangalore is developed in the Haralur Road and surrounding areas like Sarjapur Road and Gunjur.

There are many flats in Haralur Road that are either completed or the construction is going on. People have many options to choose from and they can select the property according to their needs, budget and accessibility to their offices. Mostly, apartments in the range of INR 35L- 80L are preferred by the people, due to which they are sold very quickly. There are many apartments in Haralur Road that are in this price range and thus turning into a realty hub.

herlur-road.jpeg

As the city is developing very quickly in all the directions, Haralur Road is emerging as an important destination and slowly becoming a prosperous realty hub due to its proximity to the IT hubs in nearby localities. Due to the large parcels of land available here, the flats in Haralur Road are generally cheaper compared to other localities and it will only increase as the time passes as it is emerging as a favourite destination for the people.