Is it too late to own a row house in Bangalore

Looking for a row house in Bangalore and find it hard to come by? If yes then you are not the only one facing the dilemma as more and more builders and developers today are focusing their attention on fast selling affordable housing projects. But this does not mean there are not enough row houses on offer. Unlike many people who think the need for row houses in Bangalore in past its attraction to the buyer, builders are still offering row houses in bigger and better projects.

Being one of the largest cities and a thriving metropolis of India, Bangalore is on an upward surge with regard to real estate development. The demand for property has risen exponentially very recently in the city, say property experts at Sulekha Properties. You purchase affordable apartments in Bangalore, but finding affordable row houses will be difficult, if you don’t know where to look. This is especially true if you are looking for a calm, serene and green home in the crowded and bustling city of Bangalore.

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Why are row houses hard to come by?

On an average it may be the right estimation to assume that the number of row houses on offer in Bangalore may have dipped compared to the same period a few years back. One of the many reasons includes the constant rise in real estate pricing. With row houses getting a tad too expensive users opt for 3 or 4 BHK apartments and save on any unwanted expenses.

Another reason is the change in family patterns as more people are moving away from a joint family system and adopting nuclear families. With smaller families the need of a row house apartment gets minimized hence the lack of consumer interest in the segment.

Builders on the other hand are also well within their rights to focus on areas that have a better consumer demand which includes smaller homes and affordable housing. Such projects are easier to compete in faster deadlines and sell off easily making it easy for builders and developers to manage.

So is it too late to own a row house in Bangalore?

If row house is what you need there are definitely options for you to choose from. At best your options may have been minimized but there are still multiple options available as a row house buyer.

 

 

 

 

 

Benefits of Buying a Recent Launch Row House

Quaint rows of homes, joined together for a wholesome neighbourhood – if that is your idea of good, clean and happy living, then a row house may be the ideal option for you. Space is a premium element in most urban quarters. Yet, if you have harboured the dream of living in a home without the high maintenance estates ruining your day and with proximity when it comes to neighbours, then the recent influx of row house properties will certainly be of interest to you. Recent launch of row houses for sale in Bangalore have revealed neatly lined up homes placed in townships that also boast of towers and various amenities. These row houses are a convenient and luxurious option with your own driveway and a patch of greenery as well. As per Sulekha Properties, the best time to invest in a row house is at the launch of a project. Here’s why!

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–    Soft Launch: The soft launch of a property or township is one where the initial marketing happens when the property is in the planning phase. At this point, it is easy to get an early bird discount. At the very onset, the builders and developers will be happy to offer a discount of 10% to 15% for most buyers. This soft launch is usually used to generate a cash flow, which means that they will take on many bookings to generate the funds to develop the property and get all the necessary permits in place. Therefore, they will be keen to get those bookings by offering heavy discounts.

–    Rising Prices: Here, rising prices are a thing of the future, which makes the present look rosy. At this point, the price of the property may not have really gone up as it is yet to be developed. So it is a good idea to invest in it and watch as the prices soar later at the recent launch row houses for sale in Bangalore. Builders and developers do understand that the buyer and the builder are sharing the risk at this point, hence they do not really hike up the prices to begin with.

–    Loans: When you buy a property at launch, you will be paying the down payment and the rest of the amount as and when the various levels of construction and development happen. This gives you precious time to plan and avail a housing or house building loan at competitive rates.