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2–3 BHK APARTMENT: A WORTHY INVESTMENT WITH LIFELONG RETURN

In recent years, residential real estate in India has observed unmatched growth owing to revised Government policies and multiple home loan facilities. More and more people can afford to buy their dream home. However, when it comes to buying an apartment, home buyers get confused between what kind of apartment to purchase.

Although 2BHK-3BHK apartments might be expensive, they are a safe & stable investment. If you are looking to buy a 2/3BHK Apartment in Bangalore, you should have a fair idea about the factors that govern the price of per unit. The price of apartments are dependent on area, location and property developer. Moreover, there is not much difference in price between a 2BHK and a 3 BHK, so it is always advisable to invest in a 3BHK for a little extra room.

Let’s take a look at the top 5 reasons why investing in a 2/3 BHK Apartment in Bangalore is a worthy investment giving lifelong returns:

Cost Effectiveness: Although the cost of 1BHK or 1.5BHK may be much less, it is not cost effective in the long run. Instead investing in a 2/3BHK apartment is better if you are looking for a cost effective investment. For example, property builders in Bangalore offer 1 BHK apartments at 28–30 Lakhs or more but the price of 2/3 BHK apartments with all necessary amenities & central location starts from only 40–42 Lakhs. This means, if the homebuyer is putting in 10 lakhs extra he/she is getting a much spacious apartment worthy of investment.

High Market Availability: 2/3 BHK apartments are getting cheaper due to various new policies and schemes launched by the Government of India. This has completely changed the face of the modern real estate market. Thanks to housing schemes that have made 2/3 BHK apartments affordable for the mid-income group homebuyers. More and more, reputed property aggregators & developers in Bangalore are launching 2 & 3 BHK apartments nowadays owing to their high market demand.

Ready Audience: 2/3 BHK apartments are perfect for all kinds of buyers, be it nuclear family, small family or bachelors. The rental income from such apartments is good because they offer a spacious yet compact way of living.

Enough Space for Future Planning: Buying a 2/3BHK flat is a one time investment that gives all the space you need to plan your future. The need to buy another flat does not arise even when you start planning for kids or take care of aging parents.Since these flats are spacious, you do not have to start saving money or take up a loan to move into a bigger place with increasing family members.

High Resale Value: These apartments have high resale value especially if they are located in a prime location. For instance, if you are looking for a 2/3BHK Apartment in North Bangalore connected to a thriving infrastructure the important regions to target would be Yelahanka, Jalahalli, Hebbal and Devanahalli for a good investment. This scenario is purely dependent on the market demand and supply.

Final Thoughts

Your personal goals and situational urgency play a huge role in selection of your apartment. But, it is important not to rush and make an informed choice weighing all the pros and cons.Thus, if you are looking for an apartment in North Bangalore, consider buying a 2BHK or 3BHK flat for great return on investment and long-term stability.

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RENTING V/S BUYING A 2-3 BHK APARTMENT. WHICH ONE IS BETTER?

Real estate ownership is seen as an investment to build equity and a medium of tax deductions. But, renting may also have its advantages giving you more flexibility with little responsibility. Moreover, in India, many people believe buying a home is a sound investment compared to renting. This can be attributed to the age-old thought process that being an owner is the key to happiness.

However, in a cosmopolitan city like Bangalore, you have to base your decision on your current situation and plans. If you plan to settle in the city, buying a 3BHK Apartment in Bangalore may be ideal for a bigger family. If you are on a sleeker budget a 2BHK Apartment might be perfect for you. But, if you move around the country for work reasons, spending on monthly rents might be better.

Let’s explore the details of each to help you determine whether renting or owning is your best choice.

Investment V/s Budgeting

Renting a 2BHK Apartment in Bangalore, may not be financially burdening but buying one can be. It is important to calculate monthly EMI and compare it with a monthly income to get a clear idea if you are ready to invest in a home. For instance, if you have a monthly income of 1 Lakh, your EMI should not exceed over 25% of your salary. You should also consider making timely EMI payments to ensure lower interest rates on your home loan. Also, you should only consider buying an apartment when you can afford at least 20% of the cost of the home as a down payment. If all these factors are in your favor, you may take the step of buying a home. However, if you feel your pockets may be strained by such decisions, renting is the perfect option that will give you the required time window to sort out your finances.

Convertible V/s Permanent

If you live in a rented apartment in Bangalore, you can easily change your location and relocate to a different city or country. But, buying a home is a permanent investment involving a lot of emotions and creating a space for your family for building memories of a lifetime. Therefore, renting an apartment in Bangalore may be ideal when you are financially not settled. But, once you get through that phase buying a 3BHK apartment in Bangalore is always a better choice.

Liberty V/s Liability

In a rented apartment, you have to stick to a lot of rules and regulations and would be fully liable for monetary deductions from the security deposit in case of any damage to the property. However, if you own a 2/3 BHK apartment in Bangalore, you can enjoy an entire space to yourself and not be answerable to anyone. Tenancy restricts your flexibility where you need to follow the house instructions dictated by your landlord. On the other hand, ownership makes you take charge of your house and mitigate raised complaints on your own.

Designing Interiors V/s No Interiors:

When you have your own space you can decorate creatively and give shape to your interiors as you imagined. You are a free bird in your huge 2 or 3 BHK apartment. However, while living in a rented house you cannot plan and design your interiors according to your requirements.

Tax Benefits in Buying V/s Renting

You can enjoy multiple tax benefits as per Budget 2019. Timely interest payment on home loans qualifies you for a tax benefit of up to 2 lakhs. However, if the stamp value of your property exceeds 45 lakhs, you can enjoy tax benefits up to 3.5 Lakhs. Although you can avail of tax benefits in a rented apartment on the total annual rent amount, it is important to understand you will own no assets at the end of the day, regardless of the number of monthly rent payments you made.

Final Thoughts

Which option is best for you is about your convenience and comfort, not money. There will be people to tell you owing makes more sense in the long-term and renting is a waste of money. But, such blank statements are useless. If you are planning to settle down and finances allow you to buy a 2/3 BHK Apartment in Bangalore, go ahead with it. If you are in two minds, consider renting. At the end of the day, it is you who should decide what’s best for you.

Visit us today at www.zaurya.in for an insight into the curated properties in Bangalore.

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5 Reasons To Remember Before-Buying an Apartment in North-Bangalore

Bangalore, the IT hub of India is ranked as the third most densely populated state of the country. If you are thinking about buying a 2-3 BHK Apartment in North Bangalore, a lot of planning and calculations are involved before you take a plunge with your lion share of savings.

Let us take a look at the key factors to remember before buying a 2bk apartment in Jalahalli Location of the property The property should be located in a  secure place while offering easy access to other lifestyle essentials. You should also consider the physical infrastructure that comes with the 3bhk property in Jalahalli.

Builder’s Reputation:- You should consider conducting extensive research on the builder’s background and reputation. It is imperative that you check their overall track record in terms of the number of completed projects and delivery time for good rent, high resale value, and your own peace of mind.

Land Record Try to learn about the soil quality, topography, if the plot is clear of all dues and has been registered. Thoroughly inspect the title deed of the property, which will give you the details on the rights, ownership, and obligations with regards to the property. You should also check if the developer has approvals and NOCs from Area Development Authorities, water supply, and sewage boards, electricity boards, and Municipal corporations.

Interact for Reviews & Suggestions:- Before you decide to book your  2-3 BHK Apartment in North Bangalore make sure to check online reviews about the property and gather information through word of mouth from your potential neighbors. Bangalore is a cosmopolitan city with a mixture of different cultures, so you can able to meet interesting people having different perspectives making your house hunting experience even more enjoyable.

Property Price Having a fixed budget will make it easier to shortlist a house. Once you find a good property, compare its price with the ones in the area to know if the builder has quoted the right price.

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5 Reasons why it is the perfect time to invest in a home in north Bangalore

Bangalore is fast becoming a sought after City for employment, education and settling down, not just for the locals but for people from other cities too. Owing to its salubrious climate, cosmopolitan population and it being the hub of IT Industry in India, Bangalore poses to be the perfect destination for all. One part of Bangalore that is seeing burgeoning growth, not just in terms of infrastructural development but also enhanced presence of IT sector is North Bangalore due to which North Bangalore is rapidly becoming a favoured choice for Property investment, not just residential but commercial as well.

Here we list out 5 main reasons why it is the perfect time to invest in a home in North Bangalore.

Location and Connectivity to other parts of Bangalore and otherwise: One of the biggest location advantage for North Bangalore is the presence of Kempegowda International Airport which does not just provide connectivity to other parts of the Country and the globe, but also enables job opportunities and facilitates infrastructural development in the region. The connectivity is further enhanced due to the 6 lane Bellary Highway. North Bangalore is also well connected to other parts of Bangalore. with ORR which will be further smoothened with the upcoming Line-5 of Metro from Silk Board to KIA terminal, connecting Hebbal, Yelahanka and Jakkur, expected to be completed by mid 2025

Thriving Infrastructure: North Bangalore is home to a number of residential projects by some of the prominent builders in Bangalore, thus enabling a strong social infrastructure in place. This has made way for the presence of numerous shopping malls like Esteem Mall and RMZ Galleria, supermarkets like Fresh, More, Smart, Namdhari etc in close proximity. Also present are a number of Educational Institutes like Delhi Public School, Ryan International, Vidyashilp Academy, Presidency College, MVIT and many more. North Bangalore also has good health care facilities with the presence of prominent hospitals and clinics, Columbia Asia and Aster Hospital to name a few. With such a sturdy infrastructure in place, North Bangalore is becoming a favourable choice to reside and settle.

Employment Opportunities: An established infrastructure in North Bangalore is ensuring sufficient Employment Opportunities, attracting businessmen, medical practitioners, Airport and Aviation professionals staff, students, educators and IT professionals. Presence of expansive IT Parks like Manyata Tech Park in Nagawara, Ecopolis in Yelahanka and Kirloskar in Hebbal ensures good employment opportunities for the Corporate sector, especially from IT background. This is further enhanced with the upcoming IT SEZ and Devanahalli Business Park which promises better growth and job opportunities.

Good rentals: With a thriving infrastructure, strong connectivity to other parts of the city and good employment opportunities, North Bangalore is seeing good rentals with more and more professionals wanting to shift close to their workplace. This has led to a number of residential projects in the region, providing good facilities and amenities, thus facilitating secure and safe residential spaces for all. This also has a positive impact on rentals in North Bangalore

Appreciation of property: With steady infrastructural development and continued growth of the IT sector in the region, North Bangalore is seeing unfaltering appreciation of property. Add to it the sought-after rentals, Property in the region is sure to witness stable appreciation of property, thus making your decision to purchase your 2 & 3 bhk in jalahalli Bangalore, a wise one.

Hence, a Property purchase in North Bangalore will doubtlessly ensure better returns for you, both as a home and an investment.

For helping you with your decision in your Home purchase, Zaurya Realtech facilitates curated homes, primarily focussed in North Bangalore so that you can enjoy the benefits of your hard earned money in peace and to the fullest.

Visit www.zaurya.in for more details.

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8 Points To Remember Before-Buying an Apartment in North-Bangalore

Bangalore, the IT hub of India is ranked as the third most densely populated state of the country. If you are thinking about buying a 2-3 BHK Apartment in North Bangalore, a lot of planning and calculations are involved before you take a plunge with your lion share of savings.

In comparison to South Bangalore where rapid urbanization has already happened, buying an Apartment in North Bangalore seems more fruitful. North Bangalore provides an easy commute via the Ring Road to its residents. Since Kempegowda International Airport is located here, you can easily take a flight and travel anywhere you wish to. Besides, you will also find several IT parks like Manyata, ITSEZ, Ecopolis, and some high-end residential units like Durga Nanda-Shaurya Enclave in this part of the city.

Although house hunting in Bangalore might seem like a daunting task at the beginning with our informational guide the whole process will seem very smooth. Let’s take a look at the top 8 points you need to consider before buying an apartment in North Bangalore:

Location Inspection:- It is important to buy a property that is close to your office or your child’s school, so you can save valuable time by not getting stuck in the infamous Bangalore traffic. If you are looking for a new apartment in North Bangalore for investment purposes, you can expect a good rental income along with a clean water supply and green peaceful surroundings.

Builder’s Reputation:- You should consider conducting extensive research on the builder’s background and reputation. It is imperative that you check their overall track record in terms of the number of completed projects and delivery time for good rent, high resale value, and your own peace of mind. Make sure you go ahead with only the best & established real estate players in the market.

Check Legal Aspects:- You should make sure the property you are buying must have clear titles, requisite authorizations, and approvals from relevant authorities like Bangalore Development Authority (BDA). It is also mandatory to have a Real Estate Regulatory Authority Number (RERA). In case you are investing in a property under construction, ask for the commencement certificate, builder-buyer agreement, title approvals and other legal documents from your developer.

Interact for Reviews & Suggestions:- Before you decide to book your  2-3 BHK Apartment in North Bangalore make sure to check online reviews about the property and gather information through word of mouth from your potential neighbors. Bangalore is a cosmopolitan city with a mixture of different cultures, so you are able to meet interesting people having different perspectives making your house hunting experience even more enjoyable.

Check Apartment Amenities & Facilities:- Apartments in North Bangalore come with a range of amenities & facilities. But, it is important to choose specific amenities based on your requirements and lifestyle. There is no point in opting for facilities which may not be useful for you. For instance, if you are into fitness, buying an apartment with a gymnasium makes more sense than opting for luxury amenities which you will never use.

Property Inspection:- Every apartment has a model plan to give prospective buyers an idea about their dream home. Make sure to take a tour of the property premises and inspect every nook and corner of the model to ensure your builder delivers every promise being made. If you are buying a ready-to-move-in apartment, clarify all questions and doubts with your builder to ensure your house is finished to perfection.

Check Floor Plans:- Inspecting the property alone may not be sufficient. It is important to gather specific details of the floor plan in terms of measurements in square feet and design. Bangalore has a pleasant climate, so an air conditioner may not be necessary for a well-ventilated flat with ample natural light entry.

Appreciation Rate and Resale Value:- Buy a new apartment in North Bangalore considering the resale value and appreciation rate of the property. Apartments on high floors are in demand because they offer a panoramic view of the city and are less affected by dust and pollution. Flats having a northeast entry are Vastu compliant and are more likely to have a high resale value. Invest wisely today for better gains tomorrow.

The Zaurya Promise

At Zaurya Realtech, you can expect spaciously, naturally lit, and airy apartments in Bangalore. We have an excellent track record of delivering positive results in terms of quality and comfort. Zaurya Realtech is curators of properties that deliver spacious…… apartments in Bangalore understand it is not easy to negotiate the price of your dream house. So, we operate on the RIGHT PRICE-FIXED PRICE model to help you make the best choice.