8 Points to Remember Before Buying an Apartment in Bangalore.
July 10th, 2021
A lot of planning, thinking, and calculations go into buying an apartment. Financially, it’s the biggest decision you make as it would involve the lion’s share of your savings. In a city like Bangalore, finding the right apartment that suits your budget, requirements and lifestyle may seem like a daunting task. But with the right information at your fingertips, the whole process can be made a lot simpler and easier.
Read on and find out what are the top 8 points to tick before buying an apartment in Bangalore.
1. The right location
You don’t want to spend quality time negotiating the infamous traffic in Bangalore. So, ideally the right location for you is the one close to your office, your kid’s school, reputed hospitals and places you frequent. If you’re looking at an apartment as an investment, considering prime localities will ensure you a good income in terms of rent. Other aspects that need to be taken into consideration are uninterrupted supply of water and clean and green surroundings.
2. The reputation
The real estate market has many players, both established and new. Besides, new entrants foray into the market from time to time. Obviously, the real task lies in choosing the right developer. Thanks to popular search engines like Google, it’s quite easy to research and find out everything about the developer that can suit your requirements: How many projects completed? Have they always delivered on time? What is the overall track record? Make sure that you go ahead only after finding satisfying answers to your questions. Choosing a reputed builder gives you peace of mind and guarantees higher rent and resale value.
3. The legal aspects
Clear titles, approvals and authorisations are critical when it comes to buying an apartment. Does the property have a clear title? Has the layout been approved by the relevant authorities such as Bangalore Development Authority, Bangalore Metropolitan Region Development Authority or Bangalore International Airport Area Planning Authority? Does the property have a Real Estate Regulatory Authority (RERA) number? If you’re investing in a property that is under construction, make sure that the developer has obtained a commencement certificate. Of course, you may find it difficult to check the veracity of all the documents and approvals. The best thing you can do is to hire a lawyer who can scrutinise all the relevant documents including builder-buyer agreement, title deed and all other legal documents for any kind of discrepancies.
4. The interaction
Don’t stop with the research you have done online. Before going ahead, meet people who live in the neighbourhood, or those who reside in the project complex – if you’re buying a ready-to-move-in home. Talk to your prospective neighbours, understand the locality and get a grasp of the environment. Bangalore, being a cosmopolitan city, is a potpourri of different cultures. Whether you prefer to live amidst people whose culture you’re familiar with or you want to embrace new cultures and perspectives, visiting the locality and talking to people can be of great help. To complement your face-to-face interaction, read reviews online. Together, they will provide you a better idea about your prospective house and its surroundings.
5. The amenities and facilities
Apartments come in all sizes and with a host of facilities – some are medium-sized with basic amenities in place, while others are sprawling and rich in amenities. Choose yours based on your lifestyle and requirements. It’s highly advisable to go for an apartment that offers amenities or facilities which you will find useful. For instance, it makes more sense to choose an apartment that has a playschool or creche in the campus if you have a little child rather than opting for one that offers fancy amenities which you are unlikely to use. Always confirm with the builder that they will provide the amenities listed out in their advertisements.
6. The inspection
Model apartments help prospective customers to get an idea about their future home. Hence, builders set up model apartments even when the project is under construction. Make sure that you visit the premises, take a tour of the model apartment, and inspect every nook and cranny thoroughly and critically. If you’re buying a ready-to-move-in apartment, make sure that you experience your future house in detail. Don’t hesitate to ask questions and clarify your doubts. It’s your house and it’s your responsibility to ensure that the developer has fulfilled all the promises and your house doesn’t lack anything in terms of finish and perfection.
7. The floor plan check
While inspecting the apartment will give you a fair idea about your future house, it’s not enough for a fool-proof evaluation. An ideal floor plan, however, will come in handy in this regard as it will have every detail including the design and measurement of the property. Be sure that you check the floor plan thoroughly and get the help of a qualified architect to further evaluate and ensure that your house has good ventilation, and it receives plenty of natural light.
8. The resale value
The appreciation and resale value of an apartment greatly relies on its location as well as the amenities it offers. As far as Bangaloreans are concerned, the preferred choice is an apartment on a higher floor. Two of the most prominent advantages of living in a high-rise house are as follows: 1) They offer a panoramic view of the surroundings. 2) They are less affected by dust and pollution in comparison with apartments which are on lower floors. Yet another factor that many a buyer considers, and which will have a say in matters of appreciation and resale, is Vaastu-compliancy. It’s a wise decision to opt for an apartment which meets all these parameters.
SOBHA – The Advantages
A name synonymous with quality, SOBHA Ltd., offers an array of apartments across Bangalore. Loaded with features and amenities, each house is meticulously planned to satiate even the most discerning of homebuyers. The advantages of owning a SOBHA home are manifold. A few of them are as follows:
- SOBHA apartments are spacious, airy and naturally lit.
- The properties are easily accessible to schools, colleges, hospitals and shopping centres, making them convenient places to live.
- The property is managed efficiently which not only sustains the property rate, but also maintains high returns on investment in the form of rental income and property appreciation.
- Has a track record of delivering positive results consistently, in terms of luxury and comfort.
- Renowned for its transparency and quality standards – SOBHA is the first real estate company in the country that introduced backward integration to gain complete control over quality and delivery.
- Maintains an excellent track record in delivering houses well in advance.
- German engineering and architecture that meet supreme construction and design standards.
Buying an apartment is the right decision you can make. But before going ahead, plan it properly, do your research and choose a developer based on their reputation, quality standards and transparent transactions.