Tips To Buy Property In Bangalore

If plan to buy a house in Bangalore is your first initiative then, you might be in for a shock. The process will be nothing less than a nightmare.
When we decided to lookout for a house in Bangalore, we contacted few real estate agents. We cleared him what we was looking for as well as the budget we could afford. He took us to few assorted properties, but none of them were even close to what we was looking for.

Investment in property is definitely a good call especially in a place like Bangalore, but you need to be cautious while concluding to fetch you good Profits. First-time home property hunters commence the search long before most even realizes it. There are many important aspect to keep in mind while buying a property, below are points for your assistance, having learned them hard way.

Mind your Pocket size:

This is the primary step when you go for an investment. The expected expenditure for house must be around or below 35 percent of your total income. Flexibility in your budget would definitely help during times of any unforeseen events. Find out your capability to accrued loan from any trusted housing loan institute or bank. Watch out your income and Ensure how much you can pay as down payment. This will help you to ascertain and conclude your budget while hunting property in Bangalore.

Find the best Location:

Location plays an important deciding factor in buying of property. Make sure you checklist few aspects before jumping into conclusion.

Ensure there are proper approaching roads to the house.
Ensure there are proper water & electricity connections.
Ensure that well laid out drainage, sewerage and garbage disposal arrangements have been made.
Is there any issues concerning to pollution due to industries etc?
Level of developmental activities of the area – ensure adequate public transport facilities and other prominent amenities like educational institutions, hospitals etc.
Survey the market and talk to local people and enquire about the standards.

Do a market research on the current scenario:

Lot of people go by the opinion of someone they know. While trusting is good, but view important decision requires lot of facts & figures. It is advisable to visits brokers, look at websites on real estate, visit exhibitions, then shortlist properties based on your requirement.

Find the right sources.

. Buying a property in Bangalore is one foremost resolution taken by us, make sure you invest your hard Earned income in projects acknowledged by renowned developers or agency having proven track record.
You may rope in trustworthy real estate agent for a nominal commission.

look for resale value:

Always go for a property which has a resale value. Purchase the property in a developing area. The value of land will appreciate but purchase house or flat or land that is Vaastu-friendly from resale point of view. Even if you have to be more flexible with your budget, invest in a property which has resale value. Focus on property in developing area. The value of your property may appreciate in future. Investing your money in Vaastu- friendly property will boost your resale value.

Look for your lifestyle and layout:

Before you search out for a property, decide on what kind of lifestyle you and your family will be comfortable. Would you like villa, apartment or individual house? Or do you need a suburb or inner city? All defines your lifestyle. Study on the layout is also very important. You dont want to buy an apartment and invest twice the amount in restoration. First of all, ensure there are enough rooms for your family. Confirm on the available space of the living, dining area and kitchen. Entire layout has to be planted in prior depending on the size of the family

Once zeroed on a property go through ALL the papers:

Once finalized on the property, the verification of all the required papers and documents becomes property. Before documenting the property in your name, ensure that the building has been raised as per the government sanctioned plan and if there is any deviation, it should be in the allowed limits. Check and recheck the documents and papers with a learned advocate. Assure that the documents of property you intend to purchase are crystal clear. Especially
a) Mother Deed – can be assessed in the registrars office. Mother deed gives you an entire scenario as in the details of the holdings of the property for past 30 years.
b) Sale Deed
c) Conversion Documents Very important when you buy property in place like Bangalore, where propertyis not available in central part, most of the land outside will be meant for agriculture, so it is important to be converted.
d) NOC(No Objection Certificate) – Ensure you have a NOC from BDA or the required authority, if the property is converted.

Own your Dream:
You need to make sure that you repay your home loan instalments periodically in time. Once you occupy your home. Ensure you maintain your property in proper condition for resale if required.

Buying a property in a place like Bangalore is dream come true. There is a need to maintain extreme caution while finalizing a property. After all its our hard earned money invested in it. Make sure you entrust your dream in a trusted hand. I suggest one such company named, who takes an extra initiative in find a home for us. This is one such company which gives personal attention to all above aspects.

Buying An Apartment In Bangalore

Advantages of Buying An Apartment
Everyone has a dream of owning an apartment. There are lots of advantages in buying an apartment compared to buying a house. Some of them are as follows:

i. It is easy to maintain.
ii. Apartments come with all modern amenities like Gym, Club House, swimming pool, jogging track, Childrens play ground and many more.

Process of Buying an Apartment:
The process of buying an apartment is a long procedure and it is as follows.
1. Choose your preferred location.
2. Decide your budget and requirements of your dream home.
3. Prepare a list of builders and check for their projects in that location.
4. Check if it matches your budget and requirements.
5. Choose a flat and verify the BBMP approval certificates for the building.
6. Check the encumberance certificate if any loan has been taken on the property.
7. Check the Khata certificate for the flat and land
8. Take a Xerox of all the documents mentioned above and verify it with a good real estate lawyer.
9. Also verify the Sale Agreement and Sale Deed with the lawyer.
i. Sale agreement is the first agreement to be signed on stamp paper between the buyer and the builder. It includes the booking advance, carpet area, built up area and super built up area, final amount to be paid and the due date to pay the final amount.
ii. Sale Deed is a document that states that you are the owner of the apartment,that is certified by the sub registrar of that area.It includes the address of the apartment and the amount for which you are buying the apartment.
10. Book the flat by giving the booking advance and get the sale agreement from the builder on stamp paper.
11. Give the final amount of the flat before the date mentioned in the Sale Agreement.
12. Get the Sale Deed registered from the sub registrar in the locality.
13. Get the khata for the property.

Real Estate Consultancy in Bangalore:
There are some real estate consultancy in Bangalore who take care of all these things, from guiding you to choose your dream home, taking care of all the legal procedures. And once you have purchased your dream home, they also help you in your relocation by arranging for packers and movers.They focus on End to End Ralocation.

Relocation was never so Easy