5 Things To Consider When Buying Your Own House

"The thought that we were paying nearly 40% of our income as rent began to kill me," said Vinita . Now that our son Neel was born, we felt like creating an asset and having a home of our own so Raj and I decided it was time for change. 

Like many young couples, Vinita and Raj lived their carefree, double income no kids (DINK) life in rented accommodations simply because a house to their liking was either too expensive or too far. "All that changed when our friends suggested this property in Mysore road. At first, we dismissed it because it sounded like it's very far but I'm glad we took a second look."

Vinita says they compared several options before making up their mind and we asked them what the top considerations were when it came to identifying and buying the right house or making a good investment. 

1. Infrastructure 

"Being a working mother, this is my highest priority," says Vinita who is an interior designer. "It's so important that my child has enough to do within the safety of the housing compound," she adds. Vinita and Raj closed in on Salarpuria Sattva's Divinity because they were charmed by the sprawling 11 acre plan of the property with a central courtyard and water body that all houses would look into. The standalone, three level club house would offer world class amenities and a swimming pool. 

2. Amenities

Next to sophisticated and convenient infrastructure was the availability of all facilities management services in an organized manner within the complex. "Retail stores, the local market, Gopalan Arcade mall and hospitals are all nearby which is a big plus," Raj felt. 

3. Location and connectivity 

For the couple who have only one car, the fact that Salarpuria Sattva's Divinity would be right next to the Nayandahalli Metro Station was a blessing particularly because Vinita's clients are spread across Bengaluru. The location is just 25 minutes to MG Road. "It connects fairly easily to electronic city where I work," adds Raj. 

4. People and Company 

This was another key consideration that Raj and Vinita saw as an advantage. With Neel around, they wanted more like minded people and young children with whom they could interact socially. Salarpuria Sattva has been a well known name in real estate and attracted a similar demographic of people who shared a social and cultural vibe. 

5. Liquidity 

While the Divinity property would be ready for possession in 2020, Raj and Vinita also wanted to make sure that their investment was liquid enough just in case they wanted to exit the property after a few years. "Although our primary goal was to own a home, we wanted to be careful at the same time." And Divinity scored high on that front with its prime location in an area that was already developed and continuing to grow at a rapid pace. The new metro line, upcoming multiplexes and malls and the main Mysore road infrastructure would mean a strong chance of appreciation in its value so that liquidity is not compromised.  

"I'm not very superstitious but knowing that Divinity is built on the concept of 'Mandala', which is the spiritual symbol for the cosmos made me feel a bit more comfortable. We don't have to get into the vaastu details which I don't understand much of," says Vinita smiling. The unique design of Divinity emphasizes the synergy of the four elements- earth, light, air and water to induce peace and harmony into one's living environment. 

In fact, the spiritual basis of the design ensures 78% of the total project area is open and green. 

Top Reasons to Buy

Area with excellent social infrastructure

  • On Main Mysore Road with Connectivity through new infrastructure 
  • 500 mts from ORR
  • 800 mts to Metro Station
  • 2 Kms from BHEL circle
  • 2.5 Kms from NICE link road
  • Less than 1 Km from Nayandahalli Railway Station
  • 6 Kms from KR market

 
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