Are ready to occupy flats a good choice?

The choice between ready to move in flats or under-construction properties needs to be thought through. If you find a good property in a location of your choice, it is likely you bypass ready-to-move in property. But, considering the present situation of delays in property possession, it is not always wise to invest in an under-construction property.

There has been a steady rise in demand for ready to move flats in Kengeri and other areas of Bangalore like Whitefield. While both locations are a contrast; Kengeri is a suburb location of Bangalore with a laid-back environment of coconut trees surrounding the area and Whitefield, a very famous, upcoming yet developed area of the city. This rise in demand shows an interesting trend in the realty sector.

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There are many reasons for home seekers to invest in a ready to occupy flats in Kengeri for example.

  1. Ready to occupy flats indicate a positive trend of reality investment in the said locality. It means that people are staying there and the occupancy is good. Property buying has reached to the next level if a realtor is offering ready to move in flats. The buyer also has an advantage of sourcing information through recommendations and word of mouth publicity.
  2. Another major reason is the convenience of moving into a fully constructed flat. It means the basic amenities are in place. It also means that the area and your neigbourhood is completely developed. There will be schools, hospitals, commuting options in the vicinity. In other words, you are paying extra-money (if at all) for instant comfort of shifting to a new home.
  3. When you are investing in a ready to occupy flat, it is obvious you are not making any compromise like staying in the best locality, having recreational facilities which you desire, or checking on security. So, thus the benefit of buying a home close to your office is your prime option too. The sooner you shift close to the office, the luckier you are.
  4. Ready to move in flats are mostly ready for possession too. It means you don’t have to wait for long to switch to your desired location. It is hassle-free in comparison to investment in under-construction project. Even the reputation of the builder cannot get a possession in time, if it is not meant to happen.
  5. When you are investing in a ready-to-move property, you know the house structure exactly. In other words, it is evident to you what you are buying. You can buy an appropriate size flat depending upon your personal requirement. It saves you a lot of time in searching for a property.

While all this means a positive feedback for ready to occupy flats, one important thing is to do a ground check on the facts. It is advisable to seek recommendations, and also, check on the construction quality of your home. You should not get anything less than what you asked for, especially when huge money is involved.

How to get the best deals for property in Malleswaram

Malleswaram is a beautiful clean and green city on the outskirts of Bengaluru. It is dotted by numerous temples and is home to many famous personalities. Boasting of a lifestyle of varied types of people, belonging to both upper elite class people and middle class residents, property in Malleswaram never go out of demand. The demand is the most for apartments in Malleswaramhowever, some people also want to get a residence. Either way, you need to check out these tips to get the best property deals in Malleswaram.

Criteria to keep in mind while looking for property in Malleswaram

1) Make up your mind so as to how big your family is to be sure of the number or bedrooms and bathrooms that you are going to need. This will help you to narrow down your search for an apartment or residence. Unless you do this, you might find yourself overwhelmed with a number of decisions and end up with a wrong choice. Since real estate dealing is quite troublesome, a wrong decision can keep you in regret for a long time.

2) Keep in mind the various pros and cons of residences and flats in Malleswaram to be sure that you take the right kind of property. Preferably, people who do not like to socialise a lot and want their privacy to a great extent should never opt for apartments. On the other hand, people who want to stay with others in a flat to share problems, socialise, etc should opt for flats.

3) Check the distance of the property from the main roads of the city, main destinations, schools, malls, hotels, etc. It is going to help you a lot of your residence is close to the places that you would probably be frequently visiting. The rates of any property are determined by its location.

4) Make sure that the property plan has been approved by the Government of Karnataka lest you should fall into legal hassles. If you do not understand how to read such papers, a legal advisor may prove to be a great help.

5)  Check the amenities that will be provided by the builder in your property. Amenities like lift, power backup and car parking is a must. Other special amenities indeed can make your living better in various ways.

6) Check the builder’s reputation to know that you are buying your property from the right person. You do not want to discover later that it was a fraud and your hard earned money had gone to waste.

7) Search for property online so that you can save the hassle of travel and compare the prices of various apartments with a click. By comparing prices you can check out the most profitable deals.

There are several other tips that you might want to keep in mind while  getting a property like whether it complies with Feng Shui, the age of the building it house, etc. By keeping all these tips in mind, you can get the best property deals in Malleswaram.

How to deal with builders for property related issues

Owning a home is a milestone in everyone’s life. But many innocent buyers fall into the traps that plague the real estate business world. Dealing in real estate is a smart game as one need to keep his eyes and ears open to escape from these two-faced dealers.  One needs to be diligent to get a good deal and to buy affordable flats in Bangalore or in any other Indian cities. All legal papers in connection with the property must be verified before one signs an agreement with the builder.

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CREDAI (Confederation of Real Estate Developers) Bangalore, which is a charter of CREDAI India is a governing body of builders and is working towards forming a group of quality builders who sell properties and low budget flats in Bangalore to the buyers. CREDAI consists of builders who aim to provide transparency and promote real estate industry in the right way. All CREDAI members need to follow some code of conduct as if they should maintain uniform clauses for agreements on construction of the property, the timeliness in the completion of the project, the approvals, area utilization etc.

Even when all these rules and norms are present, many fall into the false traps and become prey to the frauds. It usually happens when people go around looking for cheap flats in Bangalore, and get cheated by builders who doesn’t care about quality aspects. Here are some important points to keep in mind while you deal with a builder or when your under construction property is in dispute.

  1. Approach the builder directly, as most of the builders are customer oriented. They focus on the customer’s interest always. As the builders are obliged to provide the details on the issues of the property to all customers, they have no other way than to address your concern.
  2. If the builder is not directly solving the problem, then one can approach CREDAI, if the builder is a member. A complaint can be filed in the CREDAI through the customer Redressal forum. When the forum takes up the complaint, then they will enquire with the builder and ask them to take necessary steps to resolve the issue. The builder is supposed to get back within the stipulated time mentioned. If the builder is not responding and if the matter is genuine, then CREDAI takes action like, the committee can call up a meeting with both parties.
  3. If the customer is Bangalore based and wanted to solve their property related issue, then he/she can approach other organizations like National Realtors Association (NRA) which have a branch in Bangalore called the Bangalore Nations Realtors Association India.
  4. If the builder is a non-CREDAI member, then the consumer court is the best to be approached for to protect the consumer right. They will help consumers to deal with unfair practices happening in the consumer world. The committee investigates the cases and a board decides the verdict depending on the circumstances.
  5. Legal actions are the last resort, which a consumer do to battle against the builder. But if you are filing a civil case it may take a long time to get settled.

Which locality is better to buy a flat in Bangalore?

Many people migrating to Bangalore from other cities and states for better career perspective and education. Bangalore, the IT capital of India, promises far more than you imagine. The maritime climate, great career opportunities, education and schooling facilities, are just a few to mention. For the same reason, the real estate market of Bangalore is soaring high.

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There are many choices for calm residential areas in Bangalore. Sarjapur is one such place. It is the heart of Bangalore, the hub of IT companies and a highly booming place. Due to the wide population and increasing demands of the people, many sky-scrappers have also come up in this area. Vicinity of Ring Road connects Sarjapur Road to Whitefield and other posh areas like Koramangla. Popular residential complexes, apartments and buildings have made Sarjapur a much preferred residential area in Bangalore city.

Are you looking for a flat or house?

Are you looking for a house or a residential apartment to start your dream life? There are many choices of both individual houses and flats in Sarjapur road.  You can contact a reliable property agent who can show you the flats within affordable rentals or with best buying rates. Online real estate marketplaces like Property.Sulekha.com are also the best bet for your property hunt.

Sarjapur Road now houses several popular residential localities like RBD Layout, Springfields, Greenwood Regency, Purva Sunshine etc. The place also boasts of several international schools like Prakriya Green Wisdom School, Indus International School, etc Since Sarjapur road is quite an old place in Bangalore, the rates of apartments and the rentals of the flats are within affordable range.

Sarjapur road is one of the best places for real estate investors today. There is a wide range of common apartments as well as luxurious featured projects to choose from. The price range of this 2BHK apartments starts somewhere from 50 lakhs and it can cross 1.5 crores as well depending on the location, square feet area, interior decoration, basic amenities and other additional facilities. The prices of these apartments are, however, very competitive. The booming IT industries are one of the main reasons there is a high demand for 2 and 3 BHK apartments in Bangalore.

Decide your budget, prerequisites and set out to find your dream house in Sarjapur Road, Bangalore.

Favourite Destination to Buy Apartments in Bangalore

Bangalore is one of the most cosmopolitan and well connected cities in the country and the famous garden city – lined with beautiful green expanses within the city. These areas are however, fast disappearing from the landscape of Bangalore as rapid industrialisation takes place which is being accompanied by rapid development of agricultural and green expanses into residential and commercial real estate space as the expense of the environment. More and more people are moving into Bangalore to avail of the immense opportunities that are being presented by the city in terms of software, IT and general business. These people wish for a good standard of living and thus they wish to choose apartments in areas that are well known and well connected. Some of the best apartments in Bangalore can be found in these areas.

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  • Malleswaram is steeped in colonial and early Chalukya history.  This is one of those areas that have been established as the mainstays of the city. Small apartment buildings, individual houses, clubhouse and small gardens and parks line these areas. Quiet and peaceful, it is an oasis in the middle of the otherwise bustling city. It is one of the most well connected areas too, as there are several arterial roads that lead to the business districts of Whitefield and Koramangala, Electronic City and the residential areas like Jayanagar and Indira Nagar. This also has one of the most proactive community cultures anywhere in the city with a lot of small clubs that you can join and increase your social circle with.
  • Hebbal: Located right on the ORR or the Outer Ring Road, it is one of the most sought after suburbs in the city of Bengaluru. It was nothing more than a simple expanse of land a few years back and now it is bustling with residential and economic activity. This is located on some of the main arterial roads as well and has all the basic amenities required by the residents of this area.
  • Marathahalli: Among those who are working at the electronic city, this is one of the top locations for plots and residential complexes as per trends on property.sulekha.com. This boasts of some of the most well constructed malls and recreational centres anywhere in the country.
  • Koramangala: This is arguably the cultural hub of the city. There are several theatres and cinema halls located in this area, along with shopping malls, performing arts centres etc.