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Flat vs Plot Which is better to buy in Bangalore

A flat is always preferable compared to flat, if you are looking to live with in it or looking to draw rental income on monthly basis from your house.

In this post I explain the advantages of purchasing a flat in the scenario of living or buying it for rental income purposes.

Finding Land in a specified area

We Can’t find a land in an area like electronic city or hosa road as there is no land available.

And if you find a land , it might be a costly affair to construct a house again on it.

There is a huge difference in price for buying plots in layouts and barren lands

Amenities

If you want to buy a plot with amenities, you are living in a dream land. If you happen to find one, it is not possible to have social infrastructure as you might not find it in a town ship of a prime location(with in the same budget).

Cheaper to buy

It is cheaper to buy an apartment in our scenario, because there involves a construction cost, material cost(which are ever-increasing).

Resale is possible

Resale is obviously possible if you take an apartment in a prime location, or do your research and find the best location which will get an exponential appreciation in near future.

Construction Delays

Construction delays are inevitable as you are going to do it yourself. as we go for an apartment by best residential projects in bangalore , the possession time will be decided before commencement and the delivery will be apt.

Land generates only appreciation not income.

A piece of land will generate only appreciation whereas a flat or apartment in the prime location like hosa road you can get a rental income or you can live in it and avoid rent and security deposit.

Conclusion

If you want to reside in the prime locations of a cosmopolitan city like Bangalore, buying a flat is the best thing to do, as you might be facing the above problems. This list works in the scenario of living or rental income. The objective/scenario of your buying might change your list, let us know in the comment section.

Is it Worth Buying a 1 BHK Apartment

People always ask me this question,as they start their buyers journey in residential real estate. My job is to give them the best answer for the question, which suitable to them and land them on the best residential project available in the market.

But, whenever this question comes to me i give them an upright answer to go for a 2 BHK. there are rare cases i suggest a 1 BHK this post explains, why do i do this.

2BHK vs 1BHK

Demand

2 BHK

You can expect a high return on investment because 2BHK flats will be in high demand for ever  because of its suitability to the Indian house holds.

1 BHK

There is not enough demand for 1 BHK as most of the people buying an apartment have a family or planning to have one.

Convenience

2 BHK

It is always convenient to have extra space in order to accommodate a person or family in the future.

1 BHK

Space will be a constraint.

Registration and Other Charges

2 BHK

Documentation charges inclusive of amenities, maintenance etc will be payed for the whole family not only for the owner

1 BHK

The documentation will be the same or minimally less and for 1 BHK the owner himself lives, and pays the same maintenance paid by a family for himself.

Rental Value

1 BHK

The Rental value for 2 BHK is more but the demand is lesser compared to 1 BHK

2 BHK

Rental Demand is more in a city like Bangalore, if you are looking to buy an apartment only for rental income and nothing else you may consider 1 BHK

Conclusion

These are the factors effecting my suggestion to the clients who pose this question, If rental income is the only purpose of your investment you can try a 1 BHK in other cases its always a 2 BHK exclusively for Indian market.

5 REASONS TO BUY APARTMENTS IN HOSA ROAD BANGALORE

Bangalore is good for living and great for investing your money, You can invest in any part of the humongous metropolitan, but to choose the best location you should go through a check list. I wrote this blog keeping in mind this check list, Hosa road is one of the location which passes all the mentions in this list.

Appreciation

The appreciation value for the properties in hosa road will be very high due to the location advantage of connecting to the major national high way like Hosur Road and elevated express way. The appreciation value for the apartments in this location is ever-increasing due to social amenities, location advantage, demand of increasing population etc.

Work Commute

There are around 300 companies including Infosys, Wipro, TCS, HCL, Tech Mahindra, Biocon  and government companies like BHEL, etc. if you are working in IT/ ITES services, this is the right place live in. These 300 odd companies are located in the proximity of hosur road and hosa road JN.

Metro

The metro rail connectivity is a major reason to invest in this area. The metro not only connects you to major city parts, it also give you a hassle free commute. It is ideal to buy an apartment in hosa road junction or any apartment near metro station for living or for future investment.

Education

Educational institutions like Symbiosis, Welingkar , Don Bosco etc are located in the vicinity of electronic city which cater to all sections of students from schools to professional studies

The Best social infra structure in town

The social infra like hospitals, educational institutions, shopping malls are located in the proximity of hosa road and electronic city belt which makes it the best choice for city dwellers.

How did metro rail become a catalyst in real estate development

Metro rail connectivity is a catalyst for sustainable development across large urban areas and micro markets. It is one of the major asset of the city. This obviously shown a great progressive impact on the real estate. The property prices in Bangalore have increased to 20% in all the areas which are in proximity to the metro.

The metro project is changed the real estate ballgame  in North, East and South Bangalore. The Metro Phase II is expected to boost the real estate market in areas like west Bangalore. Buying an apartment in the area like mysore road is a best idea for real estate investment.

Phase 2 metro extension

This extension is from Mysore road to kangari (8.81 km) covering all the west Bangalore and includes a total of 6 stations and is expected to be completed by December 2020. It is being constructed in two parts  first from Mysore Road to Pattanagere and second  from Pattanagere to Kengeri. It is expected to be completed by December 2020.

The major advantages include

Travel Time savings

The travel time will be obviously saved because of metro rail station. The difference between metro and road commute is almost closer to 15 km in the purple line stretch, and its free of traffic hurdles and road accidents.

City always experience traffic conjunctions at peak times, with the namma metro we can avoid those and travel in a pollution free environment. You can reach to every nook and corner of the city with in no-time.

Property value boost

It has already given a huge appreciation to the properties around phase 1 of metro it is now going to impact

One can expect that there will be 20%-30% appreciation upon the completion of the Phase II. The prices in areas with micro market have already increased by about 10%-15% and will see more appreciation with the completion of phase II.

Buy or get a property on rent now itself to get the most out of it.

Offices and commercial real estate development  

The Metro rail development is going to show a huge impact on development  of the areas of North, South, East and West. The effect on commercial projects will be much more than residential projects.  Centre of Environmental Planning and Technology a Govt. Body in its study has concluded that metro construction leads to 19% increase in land value for commercial properties and 11% for residential properties that are within 500 meters of the metro line.

How advantageous is buying an under construction property

Often buyers are in a dilemma of while it comes to buying an under construction property or a ready to move in.

This blog gives all the insights and salient points to be considered in order to arrive at a decision.

Advantages of buying an under construction property

Can be acquired at less price

A property under construction can be booked at a very less price compared to a ready to move in property. If you compare the prices of a ready to move in property to an under construction one there will be a huge margin of 10-30%. This is accompanied by some pre launch, post launch offers by best builders in bagalore which will make it more affordable.

Good appriciation value

The appreciation value for any property will grow exponentially for an under construction property, as it approaches the possession date the value of the property will be obviously increased and the rate of increase will be dependent upon various factors like locality infrastructure etc.

An Under construction property is intended for investment while a ready to move in is considered for personal use.

Flexible payment options

While buying a ready to move in you should be paying the whole lump sum amount for possession, in the case of an under construction property you will be paying a minimal amount for possession and rest all can be paid in emi’s.

This flexibility makes it all easy for a buyer to become a proud home-owner.

You get it all New

If you are going for an under construction property, you get it all new and with a long life, one can customize the property according to the requirements. In a ready to move in you lose these advantages. A ready to move in property may have repair and maintenance costs extra on the huge down payment.

Conclusion

All said and done, an under construction property is always a better choice compared to the ready to move in one, because of the above advantages.

What is Guidance value and how is it calculated.

What is Guidance Value

Guidance value is a price which government decides for a location, a buyer cant buy a property below this value.

There are two types of guidance values for a property

Land value

The value for the land as fixed by the Government, I.e the site value

 Composite Value

The value of the building as well as the land

apartments in Mysore road

How is a guidance value determined?

There are 3 factors to be considered before attaining a value for guidance

Locality

Locality plays a major role in determining the guidance value. The social infrastructure around the location is the major contributor in determining the value. Upcoming projects, ranging from affordable, villas, luxury etc also determines the guidance value. An area like mysore road will have more margin because of the location advantage. Buying an apartments in mysore road is the best choice in terms of locality.

Amenities

Amenities are categorized into 12 different types ranging from

1. Community Hall Club House, Conference Hall, Party Hall, Card room, reading room, Library, Banquet Hall, Party area, Party lawn
2. Jogging Track / Running/ Cycling/ Walking/ Pebble
3. Play Areas Children play area, Children game area, Garden, Water body, Decorative pool, Plantation garden.
4. Social Infra Canteen, Mall, Commercial space, ATM, Bank, Hopcoms, Janatha, Nandhini Milk Outlet, Provision Store Parlor, cafeteria, super market, plaza & similar types of amenities.
5. Indoor games All types of indoor game area, squash, snooker, table tennis, carom room, indoor games area
6. Swimming pool indoor, Kids pool, Wading pool, Aqua gym
7. Lift Cargo lift, Elevator, mechanical lift for car park, high speed elevator
8. Surveillance and security of common area, manned security with video surveillance intelligent security, motion sensor based lighting multi camera security, CC TV, gated community, intercom, Wi-Fi, internet Parlour, video conference facility, generator, UPS, Kiosk, visitor tracking system
9. Helipad & golf field.
10. Cinemas Outdoor amphitheatre, open air theatre, open stage
11. Health Centres Health Clinic, Ayurvedic parlour, massage parlour, beauty parlour, spa, aerobics, yoga mediation, unisex parlour, steam & sauna Jacuzzi, Gym, day care centre, health club
12. Home automation, smart home, IP door lock, prepaid power supply, piped cooking gas supply, gas bank, gas detector.

An addition of in price is applied on the base price for determining the guidance value as follows

3 or fewer groups – No additional enhancement
4 groups – 0.75%
5 groups – 1.50%
6 groups – 2.25%
7 groups – 3.00%
8 groups – 3.75%
9 groups – 4.50%
10 groups – 5.25%
11 or more groups – 7.50%

The values also vary slightly depending on the wall structure and flooring used; mosaic, ceramic, vitrified, marble and granite flooring.

Number of floors and parking

Builder charges Premium price for the for higher floors, the Dept of Stamps accords a higher value for floors above 5. Up to 5 floors there is no extra charges are required. But from the 6th floor onward, you are subjected to a certain % of extra charge according to the values given below

6th floor -0.5%
7th floor -1.0%
8th floor -1.5%
9th floor -2.0%
10th floor -2.5%
11th floor -3.0%
12th floor -3.5%
13th floor -4.0%
14th floor -4.5%
15th floor and above -5.0%

Car parking value

The guidance value for the property will be determined by the parking value too For a property value up to 50 lakhs the parking charges will be 3%,

For a property value of 50 lakhs to 1 Cr. the parking charges will be 2%,

For a property value of 1 Cr. to 1.5 Cr. The parking charges will be 3.5%

Conclusion

Right place to invest and the right value for the asset are the key for a successful investment. This guidance value calculation will help you to acquire knowledge for making a decision.

Secrets of owning multiple properties with limited money

People becoming landlords in a fortnight is a myth, smart investing and a quick decision making can land you in a better position in life

As the saying goes “ The best investment on earth is Earth”
best builders in bangalore say this too

One should invest in multiple properties to get rich. It doesn’t need a bank account full of money, it only requires a mind full of thoughts.

In this post i discussed the 5 golden ways to shift you from the status of homeowner to landlord without drilling holes into your pockets.

Do your market research

Market research can unveil  many facts about property valuation location advantages, future prospects etc getting a property below market valuation now can be a productive decision in the future. Staying up to date with the local news can help you take a better decision. There might be a new airport coming in the vicinity, or might be an upcoming metro, or the property doesn’t go with the rules of law. Stay updated!! Grab the opportunity.


A study of economics usually reveals that the best time to buy anything was last year.

Buy a distressed or poor conditioned  property

A Distressed property is the property which comes under a bank or financial body for non payment of mortgage/loan. These properties can be bought through the live auction, it may be profitable most of  the times.Because the bank needs quick money.

Agent 1: “I Sold my hoover”

 Agent 2:    “ Why?!!”

 Agent 1:“Its just collecting dust”

Get everything re-evaluated

A time to time evaluation of your property can give you a good idea of the worth of the property, by this you can reassess of getting a loan on the property and may fetch you good rate.

Stay updated with the locality news

The locality of your property to be considered might  be going into some land procurement by Govt. or it might be coming into a special economic zone there are 2 sides to a knife. Staying up to date with the locality news will land you on a golden opportunity

Prefer interest only Loans

An Interest only loan is a loan which can be taken to repay in certain period of time and asks only interest in the meantime. Taking these kind of loans can be pocket friendly on the expenses.And can be repaid once your property gets a good value.

Choose A Khatha Properties like Apartments in mysore road which has an Approved Finance Number or Code (APF) which makes it Loan ready.

As the saying goes : Give a man a gun and he will rob a bank. Give a man a bank and he will rob everyone.

Conclusion

All Said and done these are the smart ways that work for a real estate buying and owing multiple properties at same time, are they executable or over the top, do you have any other ideas, please share your feed back. You can go through other aspects of home buying here.

Real estate info

Advantages of Living in Hosa road

Where is Hosa Road located?

Hosa Road is located right between Silk board Junction and electronic city, i.e it is located right in the middle of two major parts of the city, when you are considering to live near your work location without missing the city limits, then buying apartments in Hosa road Junction is the best choice.

Apartments in Hosa road bangalore
Advantages of buying an apartment in Hosa road JN.

Why the most sorted out location

Electronic City is the outsourcing capital of the world. It is on Hosur road which is a major arterial highway of Bangalore city. NICE Road is also adjoining it. These roads make it the significantly connected area of Bangalore. Whereas, Hosa road Junction is situated right in the middle of city centre and the work location is the best choice to buy an apartment.

Upcoming metro of Hosa road is to be completed by 2020. It connects your work location, and center of the city, (it extends from electronic city phase 2 to silk board jn.)

It has supplies of drinking water and electricity from BWSSB and BESCOM respectively and has good social infra with the best hospitals, schools and universities, located in this vicinity.

Growth prospect of Hosa road

With the statistics telling that the most of the areas in and around Bangalore have a good growth prospects in the future, Hosa road is amongst the top

Showing a thumping 10 % growth every year, this makes it a great investment.

Why should you consider Navami Funique Apartment in hosa road

Navami Funique apartment is located right in front of the metro and on the exact Junction of hosa road. The other projects which claim to be the best are located on this road but far away from the junction. Navami is a 30+ year old company with an epitome of trust from its buyers. The best amenities are also provided in comparison to other projects.