Real estate in Bangalore is booming, and why not? With more and more companies setting up base here, it’s only natural for residential demand to increase. The youth today looks for all-inclusive homes that are not just close to their workplace (the traffic woes in Bangalore are never-ending), but also generate excellent return on investment.
That said, if you’re looking to buy a home in Bangalore, here’s five things to keep in mind:
1. Make sure that your home is under BBMP (Bruhat Bengaluru Mahanagara Palike)
If the residence you’ve selected falls under the BBMP category, rest assured that basic amenities such as water, sewage and electricity are taken care of by the locality. Of course, there are some exceptions to this, but luxury properties are often covered under this area.
2. Pick only a reputed builder/developer
Needless to say, do a thorough research before investing, and go for only developers that have a rich legacy and a good name in the market. Dig deeper into their ethics, rules, delivery schedules, and an overall reputation, and only then should you zero in on a developer.
3. Verify all the land documents with a lawyer
Next only to choosing a reputed developer is to ensure that all legal formalities are taken care of. This includes legality of the land on which your home has been/will be constructed and any ongoing disputes that need attention. If the land is disputed, it’s best to stay away from it so as to avoid any legal hassles in the future.
4. Choose a location close to your workplace
It’s a well-known fact that Bangalore isn’t benevolent when it comes to traffic. Boasting of one of the highest densities of traffic in the country, a strategic location in Bangalore easily translates into proximity to work. If you’re a working professional, pick a location that’s close to the Outer Ring Road, World Trade Centre, and of course, boasts of great connectivity to other important areas in Bangalore.
5. Ensure good ROI
Whether you’re buying a home in Bangalore from an investment or residential purpose, a good return on your investment must be a top priority. Therefore, instead of buying a home in established locations in Bangalore, pick localities that have attractive infrastructural prospects for the future. It’s a simple rule – more development, higher rates!
Creating the perfect blend of all the afore-mentioned pointers, Salarpuria Sattva group presents Luxuria, an assemblage of luxury 3 Bhk apartments and 4 Bhk duplex and penthouses in Malleshwaram, Bangalore. A reputed name in Bangalore’s real estate arena, this much-awaited residential project by the group offers you the convenience and connectivity one could only dream of.