5 questions to ask before buying a property in Bangalore

Whether you are a professional or a retiree, Bangalore’s green, open spaces, pleasant weather and quality of life makes it the perfect destination for everyone. Whether you already live in Bangalore or are moving there, you can explore a number of options when buying a new property in Bangalore. However, choosing a property in Bangalore requires careful thinking and thorough research just like any other city. To get an ideal property at affordable prices, you can invest in townships like Shriram Chirping Woods, Ozone Urbana Aqua, Hiranandani Villas, and Nikoo Homes.

While investing in a property, consider these 5 questions to make an informed decision.

  • Where is the property situated?

Researching the locality before investing in property will help you make an informed decision, as it plays a big role in your overall life and convenience. Choose between a popular area like Jayanagar or a developing area like Nallurhalli. You can also pick places around K R Puram which offers good rental income on your property investment. On the other hand, if you are an IT professional and looking for a home near your workplace, you can choose areas like Electronic City and Marathahalli. For selecting the right location, consider your living requirements and convenience in terms of daily commute.

  • How is the connectivity?

Before buying any property in Bangalore, the most important thing you should check is the connectivity of your locality to other parts of the city. This can save you a lot of your time during daily commute in terms of your kids’ schooling, your work, and your preferred places of recreation. Make sure that your area of preference is seamlessly connected to the places you frequent via Metro or is well-connected via the Bangalore Metropolitan Transport Corporation (BMTC). This way, even if you put your home for rent in future, you will get tenants easily, who look for the same convenience.

  • What is the price of the property?
READ  Investing In Real Estate: Simple Tips And Tricks

While buying a property, learn about its exact value via the per square foot rate and have a fair idea about the historic price trend in the locality. Having a grip over the pricing will help you to understand the future value of the property. Investing in a property that offers a higher resale value in the time to come will give you more financial security for the asset you purchase. Choose properties located on the developmental corridors of the city that offer good connectivity and amenities to gain appreciating returns in future. When selecting the property, don’t forget to check any associated maintenance charges levied to arrive at the actual cost.

  • What is the legal status of the property?

Before shortlisting any property, you should also ensure that the property plans for it are approved by RERA and other government and municipal bodies. Also, make sure that the plan is in accordance with laws and regulations so as to avoid any problem in the future. While registering the property, check that the developer is providing you with a list of government-approved documents along with the clearance certificate and the legal sale deed.

  • Which amenities are offered and how is the neighbourhood?

Learning the specifications of the property and checking it physically before signing on is also essential. See whether the property has sufficient space, proper ventilation and check the carpet area and the built-up area. Apart from this, visiting the property at different points of the day is also a good idea to check how the home is affected by sunlight and sunset and what the security is like round the clock. Moreover, visit the locality to see if you have ample retail stores, parks, schools, medical centres and entertainment centres in close proximity. Also look out for amenities including gym, park, playground, sports arenas, and clubhouse within the premises and check them on completion. This way, you will know if you can use and enjoy these at your selected property.

READ  Essential Tips To Help You Buy Or Sell Commercial Properties

Whether you are still looking for your ideal property in Bangalore or have found it, you can purchase it using home loans from Bajaj Housing Finance Limited of up to Rs.3.5 crore. Additionally, you can enjoy benefits such as property search assistance and in-person site visit assistance along with easy repayment options and minimal documentation when you choose Bajaj Housing Finance. To become a homeowner in Bangalore stress-free, check your pre-approved offer and enjoy a customised deal with instant approval.