Flats in Bangalore, Luxury Apartments for Sale in Bangalore

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 home 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 home in detail. Don’t hesitate to ask questions and clarify your doubts. It’s your home and it’s your responsibility to ensure that the developer has fulfilled all the promises and your home 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 home, 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 home 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 home 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 home 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 homes 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.

Buying a home involves quite a lot of procedures and attracts a slew of statutory charges. It’s always better to know about these in advance, particularly about the latter, to avoid unpleasant surprises later on. Let’s get to know in detail about the stamp duty and registration charges applicable, when buying a home in Bangalore.

Stamp duty and registration charges vary from state to state. More importantly, these charges make your home costlier. But what exactly are stamp duty and registration charges? Section 3 of the Indian Stamp Act 1899 mandates the collection of these charges for the following reasons: 1) To authenticate the sale agreement. 2) To maintain a record of the property. It’s the state government that decides and fixes all charges that are collected towards stamp duty and registration.

Stamp duty & registration charges in Bangalore

Type of fee	Amount
Registration charge	1% of the property value
BBMP, BMRDA & village areas added cess	10% on stamp duty
BBMP & corporation added surcharges	2% on stamp duty
BMRDA & other surcharges	3% on stamp duty

 

Amount	Stamp Duty Charges
Less than Rs. 20 lakh	2%
Between Rs. 21 & Rs. 35 lakh	3%
Above Rs. 35 lakh	5%

What are the parameters that determine stamp duty charges?

Age of the property: Stamp duty is calculated based on the total value of the property you are purchasing. Since with age properties register depreciation, the age of the property has a prominent role to play in determining the stamp duty. Precisely the reason why older properties are easier on the pocket in terms of stamp duty when compared with brand new ones.

Buyer’s age: If you are a senior citizen, you’ve reasons to cheer while buying a property. Yes, senior citizens pay a lesser amount in terms of stamp duty whereas people of younger age get no relaxation, and hence end up paying more.

Gender: Yet another factor that has a say in stamp duty is gender. In most states, Women, in comparison to men, pay a lesser stamp duty – roughly 2% lesser than men. However, in Bangalore the rate is same for both men and women.

Type of property: While there is no escape from stamp duty, residential properties have an advantage. They, in comparison with commercial properties, attract a lesser amount in terms of stamp duty.

Location: Buying a home in an urban area? Be prepared to pay a higher sum as stamp duty. However, if your plan is to buy a home in a semi-urban or rural area, you pay a lesser amount.

Amenities: Does the home you are planning to buy have a host of amenities? Well, shell out more towards stamp duty. It is simple – the more amenities you have, the more you pay. If your home has a swimming pool, library, gym or even elevators, you will have to spend more money on stamp duty.

Whether you are opting for a budget home or a luxury home, whether your choice of location is an urban setting or a rural area, knowing about the charges towards stamp duty helps you greatly. One of the most important advantages is that it lets you be in control, in terms of budget. Make sure that you do your research thoroughly before buying your home.

So, finally, after pondering for months following consultations with family and friends, you have made up your mind to go ahead and buy your home. Congratulations! You have made the right choice. Mind you, this is one of the most important financial decisions in your life. You might have weighed the pros and cons in all its detail, no matter what they are. Before going ahead any further, a word of caution: check all the documents that you ought to check at each stage with utmost care. If you think that you cannot verify it all by yourself, do not hesitate to seek professional help. After all, it’s your hard-earned money, and you don’t want to take any chance.

Buying a home, of course, is a nuanced procedure and documents are integral to it. Let’s delve into the details of what documents you need to check before buying a home. As you are aware, asking questions and eliciting satisfying answers are of vital importance while buying a home.

Layout Approval – Does the property you are planning to buy have a valid layout approval? If yes, you’ve nothing to be concerned about. But if it’s a no, it’s not advisable to move forward, because buying a property without a valid layout approval will cause you trouble in future. In Karnataka, layouts are approved under provisions of Karnataka Town & Country Planning Act 1961 and Karnataka Urban Development Authority Act 1987.

Master Plan – Where exactly is your home in the city? What conveniences are available in the vicinity? Checking the city’s masterplan will help you find answers to these. But there is more to a city’s masterplan. It will help you find out any inconsistencies or irregularities in comparison with what you have been promised by the builder. The master plan, without fail, showcases even the minutest detail regarding the infrastructure around the property you intend to purchase.

Land Records – It’s the most important of all the documents. A proper land document gives all the details of the land including pending loans and ownership details. It is important to verify it in detail as any discrepancy will result in legal complications in future. Verifying land records is easier now, thanks to the Digital India Land Record Modernisation Programme (DILRMP) launched by the government of India in 2008. Karnataka being the first state to digitalise all its land records, now offers easy availability of them online.

Land Use Certificate – Land is categorised into different segments such as commercial land, agricultural land, etc. It’s not permissible to build residential property on lands earmarked for commercial or agricultural purpose. A land use certificate, also known as change of land use (CLU), is issued to the developer. Make sure that you check the land use certificate from your builder thoroughly for any discrepancies to ensure that your purchase is valid and trouble-free.

Occupancy Certificate – As the name suggests, an occupancy certificate (OC) is a guarantee that the home you are purchasing has all the basic amenities in place including water, electricity and drainage system. Ask for your occupancy certificate and scrutinise it further to make sure that the whole process of purchasing your home is truly transparent.

Allotment Letter – Issued by the builder once the advance is made, the allotment letter is a crucial document that comprises an array of information pertaining to the purchase. The most vital information that an allotment letter will have, includes the following: payment, terms of construction, construction schedule, amenities, the final amount that must be paid to the builder, the delivery date and the builder’s liability if there is a delay in delivering the project as promised.

No Objection Certificate – First things first – it’s unlawful to sell a property without obtaining a No Objection Certificate (NOC). An NOC is given to the builder by various departments that deal with safety, water, electricity supply, etc. Asking for an NOC is a matter of critical importance before you make any payment towards the purchase of your home.

Certificate of Commencement – Bruhat Bengaluru Mahanagara Palike (BBMP) issues the certificate of commencement. This certificate is a proof that the concerned authorities have inspected the construction site and find it satisfactory to give the nod. Obtaining certificate of commencement is mandatory for builders to start any type of construction.

Completion Certificate – A completion certificate is issued by the local authorities after verifying that a property is built based on the approved plan and complying to all the necessary standards set by the local development authority. Some of the most important details furnished in a completion certificate are details of the land, building plan, builder details, approved height of the building, the location and the building’s distance from other buildings in the vicinity.

Builder-Buyer Agreement – It’s quite important to read the builder-buyer agreement thoroughly before signing it. A typical builder-buyer agreement will have a construction timeline, price escalation clause, change in the area of the apartment and payment delay. While all these are important, particularly pay attention to the clause related to payment delay as it can result in you paying a hefty sum if you delay the payment.

Sale Deed Registration – Once the project is completed, you need to obtain the sale deed registration from the registrar’s office. Considered as the ownership document, it is important that you go through the sale deed in detail before purchasing the property.

Possession Certificate – The final one that is awarded to you, the possession certificate validates the ownership of the property. It is given once you have moved into your new home.

Now you know what documents and certificates you need to obtain and inspect thoroughly before buying a home. Remember, the whole process of scrutinising these documents can be exhausting. If you think that you will not be able to do it all by yourself, reach out to a professional. Make sure that you take zero chances to make your homebuying experience smooth and transparent.

Real Estate in the Times of Covid-19

The impact of Covid-19 outbreak has been devastating. The outbreak created a great deal of uncertainty in terms of trade and businesses across the globe. Home sales and new property launches suffered as the nation struggled to battle the global health emergency. Due to the pandemic, the entire economy had slowed down, and businesses were at a standstill.

But things are rapidly changing for the better. The vaccination drive coupled with increasing consumer demand, is putting the economy back on track. As per the Economic Survey 20-21, “the V-shaped economic recovery is supported by the initiation of a mega vaccination drive with hopes of a robust recovery in the services sector and prospects for robust growth in consumption and investment.”

Like everything else, Covid-19 outbreak too has its set of blessings in disguise. One such silver lining that is particularly beneficial for the real estate sector is the changed perception – that owning an apartment is better than a rented one. According to Prashant Thakur, Director & Head of Research at Anarock Property Consultants, “the security associated with owning a physical asset during such a crisis has resulted in increased demand.”

In the past two months, realtors have started seeing green shoots of hope in Bangalore. The Economic Times says, “the third quarter of financial year has seen some of the top listed players like SOBHA, reporting best-ever sales post the outbreak of Covid-19.” Moreover, JLL says, “a number of global in-house centres (GICs) continue to look at Bangalore favourably as the city offers large arbitrage on talent and real estate cost when compared to the rest of the world.”

Selecting the right apartment, matching your requirements, is most crucial. However, it is quite an enormous task. Quality, location, reputation of the builder – all these factors come into play while choosing a home. SOBHA, known for its uncompromising quality standards, scores on all fronts. Our homes are ideally located in close proximity to schools, hospitals, shopping centres, colleges, IT parks, places of worship, etc. We can make it easy for you to search through some high-end properties.

Benefits of Buying an Apartment in Bangalore

Luxury apartments in Bangalore are the most sought-after properties that you can invest in. With a wide range of features and amenities, the top luxury apartments by SOBHA in Bangalore listed below will cater to all your requirements.

1. The benefits that you can get from buying a luxury apartment in Bangalore are great views, spacious living, prime location, prompt maintenance, full-fledged amenities and security.

2. Luxury apartments facilitate a quality lifestyle.

3. Well-planned layouts mitigate pollution, giving you cleaner air to breathe.

4. The kids’ play area gives you the freedom of letting your kids play around in a safe environment.

5. Living in a close-knit community helps you have a vibrant social life, celebrate festivals and enjoy the spirit of togetherness.

The Advantages of Owning a SOBHA Home

A name synonymous with quality, SOBHA Ltd., offers an array of apartments across Bangalore. Loaded with features and amenities, each home 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:

1. SOBHA apartments are spacious, airy with ample flow of natural light.

2. SOBHA properties are easily accessible to schools, colleges, hospitals and shopping centres, making them the most-convenient places to live.

3. At SOBHA, the property is managed efficiently that not only sustains the property rate, but also maintains high returns on investment in terms of rentals and property appreciation.

4. SOBHA is well-known to deliver positive results, consistently, in terms of luxury and comfort.

A List of Luxury Apartments by SOBHA in Bangalore

Apartments in North Bangalore

SOBHA Athena

A Mediterranean paradise in the middle of the city, SOBHA Athena is designed for the moguls who like to go beyond the ordinary to build a home for themselves. This project is one of SOBHA’s latest projects in North Bengaluru featuring a host of amenities like swimming pool, multi-purpose hall, children’s play area, gym, and a senior citizens’ meditation hall. A pristine property with spacious homes for your loved ones is amongst a few things that SOBHA represents.

SOBHA Dream Gardens

SOBHA Dream Gardens is a project that is designed around the principles of Zen. A space that lets you enjoy a balanced living. With amenities like co-working space, swimming pool, tennis court, cricket pitch, etc., this property allows you to be close to convenience and make life simpler. Apart from this, you can also be close to nature, thanks to the green spaces around the property. Moreover, the clutter-free and fluid architecture of this property lets you channelise your inner Zen.

SOBHA HRC Pristine

Amidst the bustling cityscape of North Bangalore, this green oasis called SOBHA HRC Pristine is a property that should be on your list. Located in Jakkur, this serene property is close to Bengaluru International Airport, world-class hospitals, IT parks and international schools. With an incredible bouquet of 3 & 4 BHK luxury apartments, rowhouses and penthouses, this new property is the talk of the town. With rare native trees like mango, silver oak and teak, SOBHA HRC Pristine is truly a lush green heaven! The amenities including a bio-pond, a meandering stream, reflexology trail park and bird’s nest coves, make this property a treasure trove of amazing experiences.

SOBHA Palm Court

Secluded amidst lush greenery of Bangalore’s Yelahanka area, SOBHA Palm Court lets you surround yourself with the modern-day pastimes. This property is located close to Bengaluru International Airport, IT parks and tech hubs, making it a sought-after address. SOBHA Palm Court has curated exclusive amenities in the clubhouse for your leisure time. In addition to that, the premise features 24/7 security, making it a safe place for you and your family to live.

Apartments in East Bangalore

SOBHA Royal Pavilion

With an eloquent brilliance of Rajasthani architecture and a stylish panache of cosmopolitan community living, these luxury apartments are just what you need to feast your eyes on before you make an informed decision. A complex that has been inspired by the palatial Rajasthani living will render you the feel of timeless luxury, along with ample amenities and bespoke comfort. The awe-inspiring interiors will make you want to invest your money in this property. In addition to that, the amenities like swimming pool, gymnasium, tennis court, clubhouse and playground will help you unwind and relax after a long day at work. Moreover, the co-working space is designed to help you work without any distractions.

SOBHA Windsor

Think British architectural style, think SOBHA Windsor. These apartments in East Bangalore are luxurious, comfortable and stylish. SOBHA Windsor, located in Whitefield, is spread across 15 acres of land with a total of 793 units. Surrounded with substantial open spaces and devised with a wide range of neoteric, urban amenities, SOBHA Windsor offers apartments with modern-day architecture reflecting a comfortable and luxurious living experience. Make this premium residential space your perfect home.

SOBHA Dream Acres

A property that offers great community living amidst lush greenery and open spaces is what Dream Acres is all about. This unique community features apartments in 2 BHK configurations starting from Rs. 68 lakh onwards. The location is close to workplaces, shopping centres, hospitals, and top-notch educational institutions. These homes are designed using advanced precast technology that embodies beauty and value. With amenities like badminton court, swimming pool, co-working space, tennis court, and more, this property keeps you busy and active.

SOBHA Lake Gardens

Opulence and grandeur have a new address. Experience vast and uninterrupted views from SOBHA Lake Gardens. Situated in KR Puram, this property is all that you ever expected from a luxury apartment segment. With a wide range of 1, 2, 2.5, and 3-bed apartments, this property offers you expansive living spaces, world renowned quality and grand gardens. Visit this masterpiece of a property to know more.

Apartments in South Bangalore

SOBHA Manhattan Towers – Townpark

Vibrant and suave, challenging yet inspiring, New York is a city of possibilities. Living here is a statement – the one that differentiates you. The lifestyle you have always admired and desired for is coming closer to you. SOBHA presents Bengaluru’s first-ever residential township crafted in the architectural footsteps of New York. Come, bask in its sparkle and stride to the future with aplomb.

Located near Electronic City, Hosur Road, an upcoming neighborhood in South Bangalore brimming with potential to be the next hub, these iconic residences will usher you into a world of unparalleled luxury. Register your interest now and be the first to know more about the project. Stay tuned!

SOBHA Arena

SOBHA Arena is a sports-themed residential enclave built for the people who desire a healthy and happy lifestyle. With an array of indoor and outdoor amenities, you can keep yourself occupied and be inspired to rediscover your passion for sports. With an open amphitheatre, swimming pool, tennis court, basketball court and gym, this property is sure to channelise the sports person in you. Starting from 87 lakh onwards, SOBHA Arena offers 2 and 3 BHK apartments in a location that has schools, hospitals and IT parks in close vicinity.

SOBHA Forest Edge

Start your mornings with a refreshing view of the Turahalli forest. Take advantage of a cosmopolitan neighbourhood that is nestled amidst lush green forest with a freshness of clean air. With a range of state-of-the-art amenities, this super-luxury apartment welcomes you to start a lifestyle that is elegant and refined.

SOBHA Clovelly

SOBHA Clovelly is situated across 3.5 acres of land, giving you enough space to explore while being within the premises. With 3-bed homes and 4-bed penthouses, SOBHA Clovelly is meant for people who live without compromises. Located in Banashankari, SOBHA Clovelly comes with 137 homes surrounded by nature and pristine design. With an array of amenities that help their occupants lead a healthy life, this property is for those who prefer a living beyond compare.

If you are a potential homebuyer in Bangalore, then you should explore some of SOBHA’s luxury apartments across the city. You will find some of the finest properties crafted by SOBHA amidst the pleasant climate and seamless connectivity. The year 2021 is a hopeful year when it comes to homebuyers seeking out for the best properties. Visit www.SOBHA.com and discover your future home.