Wednesday, 5 June 2013

4 POINTS - BEFORE BUYING A FLAT IN BANGALORE

YOU SHOULD KNOW SOME IMPORTANT FACTS
OTHERWISE YOU WILL BE CHEATED – READ IT CAREFULLY AND THEN PROCEED:

You might have read so many reviews, complaints, suggestions and fraud about real estate companies, so before you go for some investment you should know or fulfill all these (below mentioned points). If any small mistake happens in this process we will end up in court or in police station, all it creates “paid mental torture” because we have paid for the property and now fighting to get our cash back. Here are some points make you perfect in Buying a flat.

So I request all the readers to go through the document clearly and make a note of it.
Here are the Points:

1. Budgeting - Financial arrangements
2. Where to buy? Which Realtor?
3. Preferred Location
4. Legalizing the process – Papers and documents

I – Financial Plan:
For most of us the money matters a lot, either we pay full or go for Bank Loan. If you are salaried employee it is better to go for a Bank Loan.
The Bank loan and its approval depends on your Salary, if one person's salary is not meeting the requirement you can go for joint loan – husband - wife can jointly apply for the loan. There are so many real estate companies where they provide loan facility from their side.
Before signing the Loan Documents ask the banker to provide a clear picture of your loan details.
Such as EMI, Processing fee, Document charges, Annual charges (if any), ask clearly about hidden charges and try to get all these in writing.
Ask about Electricity, Water
What are the fees? – Stamp Duty, Registration charges, and importantly agents commission (It is strictly 1% or still less – Not more than that)
If Buying built house or flat – Look out for its condition and then fix the rate or ask for renovation or repair.

2. Where to Buy? Who should be your real estate company or Agent?
First and foremost before buying a flat or a house is – you should talk to some real estate agents and visit some properties. So that you will come to know the price range and market price of that locality.
Negotiate the Price with all the Agents as if you are going to buy - this gives you the perfect idea about the price in that area
Do the same with all Realtor and tell them that price is too high and we are unable to proceed so that he will give you a best price, Compare all the rates from different Agents, then come to a conclusion.
Track down all the points and compare – such as – Distance to your offices, schools, people around you, Safety etc.

3. Location – the above points discusses itself about the Location. But after all these discuss with your friends and take them to that place and show the place, ask for suggestions, consider that  and make a note of it.

4. Legalizing the process – Papers and documents
Once all the survey is done from your end, consult a lawyer for Paper verification and don’t keep it in your mind that it costs you more
The Lawyer fee for Verification of Documents will be in the range of Rs.2500 – 5000.
Keep a copy of the entire document before you go for paper verification and ask for all identity proof of your Real Estate Company or agent. Do not hesitate to ask for the papers.
Never compromise on Legal formalities and force the agent to get it done.
There are so many property yatra will be going on weekends, please visit and take part in it. Have experience of such activities.
Recently some Realtor have conducted Property yatra in Bangalore for Free of cost.

For example – Dreamz infra Bangalore.
  




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50 comments:

  1. I gone through the points you have mentioned above. I think these above points will definitely help me in buying a flat.

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    Replies
    1. Ohh that s great..thanks for the feedback sir...

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    2. Its True.., These four points are very much helpful for the home buyers in Bangalore. And also we need to inquire about the Home loan process also.

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  2. Which areas should be considered for investment in Bangalore among IT driven localities? How big is the market of luxury real estate in Bangalore?

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    Replies
    1. For Investments:
      1.BIAL - Bangalore International airport
      2.Electronic city
      3.Whitefield
      3.Sarjapur Road
      4.JP Nagar
      Please follow our Blog we will update on the same in coming days

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    2. Now a days people has to Observe about the documents of the land also before buying anything from them.

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  3. What is the difference between A and B Khata in Bangalore? Do bank sanction loans based on B Khata? Can I invest in a property which has A Khata? Please help.

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    Replies
    1. * A Khatha is an identification paper issued by the local civic body to recognise the ownership of a property and that makes the owner eligible to receive the civic amenities extended to him or her.

      *B Khata is a temporary measure which will allow you to buy or sell a site, but you will face problems when you go for construction.

      It is advisable to go for properties having A Khatha as in case of B Khatha you are not entailed to have building license, trade licence or loan from banks or any other financial transactions.
      Khatha conversion
      Whenever the intervening irregularity is resolved, B Khatha can be converted in to A Khatha. Here are the requirements for converting a B Khatha to an A Khatha:
      (1) You should have DC converted property
      (2) Property tax must be paid till date
      (3) Betterment charges for the conversion property to be paid to BBMP

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  4. We had never built before and had heard many bad stories so were somewhat apprehensive. We found Dreamz GK Infra to be very helpful right from the start. We are using their floor plan which was great and their dedication in helping me understand the plans was very much appreciated. I have trouble reading plans and the 3Ds they created helped me understand our new home perfectly.The results till now have made us very happy and all of our friends are very impressed and I think a little jealous too! The construction is going very smoothly and our supervisor has made us feel very welcome. We would build again with Dreamz GK Infra unlike some of our friends who had less than happy experiences building with other companies over the years.

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  5. We are first time home builders and decided on Dreamz GK Infra after seeing the high quality of finish in their displays. I have been told by many how stressful building a home is, but have had nothing to worry about so far. The directors of the company went out and visited our site to check for any issues before we signed, which gave us great peace of mind. We have been very happy with the admin side of things, and everything has been quick and easy. I think this has probably helped us knowing what we wanted from the start and making minimal changes after signing. Our building supervisor is in constant contact with us with updates on our progress, and we are very happy with how it is progressing. So it’s so far, so good. I will give an update a little further down the track. Thanks a lot Dreamz GK Infra.

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  6. Dear people. I was amazed at how quickly the team would consistently respond to any emails, calls, etc. You really made the entire experience in a very positive way which is unforgettable for me and my family. I really like the bank process and the work flow. Me and my wife impressed by the mind blowing amenities. I would like to thank you for all of your assistance throughout the home buying process from starting till end in a very smooth way. Thank you Dreamz GK Infra.

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  7. Recently, I saw an advertisement Ad about Dreamz GK Infra and heard they are making big promises. Once we visited they were escorted with great care inside the company. I was happy for the offer they made and about the deal. The sales people explained about the pre-launch offers. They also took us to the site and explained the quality of materials used and their dead line to complete the project which impressed us a lot and we booked a flat in Siddhi. Which brought a great satisfaction to our family? Thank you

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  8. Hi people. We found the team at Dreamz GK Infra Builders to be extremely well organized and courteous during the entire building process which impressed us a lot, Since we were at a distinct disadvantage trying to build from out-of-state communication was key to having the build go smoothly on time .Mr. Ravi provided us with detailed information at every stage of the build and kept an accurate and detailed time-line and budget record. His relationship with his subcontractors was outstanding. Thank you Dreamz Gk infra for the great support.

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  9. Their sales personnel at Dreamz GK Infra were very honest, transparent and also very prompt. The whole buying process was pretty smooth in terms of fulfilling all the formalities. Even the bank related formalities and the registration went on swift and I am sure we would even get the possession on time. Very happy with Dreamz GK Infra.

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  10. "Before finalizing on Dreamz GK Infra we visited at least 20 apartments. Our expectations were very high; finding a house that is liked by everyone in the family was never possible. We liked the apartment architecture, landscape garden, swimming pool, and the best part was the children play area. Space utilization within the flat and the common area is very good. We are very satisfied and happy that we invested in Dreamz GK Infra.


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  11. The construction of our project with Dreamz GK Infra has already started ad we are very contented with them. During the selection process we found all the supply companies to be very helpful and professional. All are very well regarded and high quality suppliers that Dreamz GK Infra has chosen. The transparency of any additional cost, with higher than standard selections, made it easy for us to adjust our budget as we went. What also made us very happy was the fact that the standard range itself was of a high quality that the additional cost was low despite selecting top range fittings. Thanks a lot for all your help guys.

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  12. It was my lifetime best decision that I had chosen Dreamz GK Infra for my sweet home. Like a common man wish I am also gonna own my flat in few days. All because of Dreamz Gk Infra.

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  13. I am looking for 3BHK flat near to ITPL. Give me some idea about amenities and budget.

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  14. Thanks for sharing the above points.It will help me for buying a flat in and around bangalore.Thank you.

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  15. The above 4points are really valuable information to find the right property.Thanks for giving the ideas.

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  16. All these basic points are important.
    It's better before anyone go for investment they should know all these points.Thanks for your suggestion.

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  17. Is there any branch of Dreamz GK infra office near to Vidyaranyapura?
    Please send me the complete address.

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  18. 4 Points you given in blog are very good. I think everyone need to follow these before buying flat. If want to sell house online india visit to Property portal.

    ReplyDelete
  19. Faith Inc property developers from garden city, offering Flats and Apartments in Bangalore to the NRI’s with world class amenities at affordable price.
    Flats in Bangalore

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  20. Bangalore is a lovely city to buy apartments. buy flats in bangalore are in huge demand because of the emergence of IT companies and industrial sectors.

    ReplyDelete
  21. Informative post as for geting to stay in jaipur visit Luxury apartments in jaipur

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  22. Thanks a lot for sharing such a nice information.And I have something to share with you commercial office space for rentis a good website for office spaces.

    ReplyDelete
  23. Some of these are pretty cool. If would respect the list more if it weren’t so mac centric however. Nice list either way… more info visit "Barcelona Corporate Flats "

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  24. Yasoram Builders was in the forefront of the condominium boom when it started in the late seventies in Kerala with a plethora of completed projects to their credit. Yasoram Builders could consolidate its position as the pioneer construction and engineering firm in Cochin. Despite the bleak scenario prevalent in the construction industry Yasoram Buildershas embarked on a number of apartment and commercial complex projects and this reflects the company’s strong foot fold in the market.

    ReplyDelete
  25. I have some idea about Dreamz Infra - Dreamz infra is India's leading real estate company provide A-One quality construction in Bangalore or apart from the Bangalore also.
    Properties For Sale In Bangalore

    ReplyDelete
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  28. As per the price in north Bangalore, we will get the flats at cheaper price compare to south.

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  29. praneeth choudary13 January 2014 at 14:33

    So many fake builders in Bangalore, be aware of it, This will be helpfull in buying a flat. Very Useful information.

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    Replies
    1. Customers are taking care of all those issues before investing only as most of the flat buyers are from educated back round like Job holders in MNC's. As there are putting their all earned money into builder at one shot, there are thinking about all this issues. While going to the builder better that to knowing the builder name in the list of Bank's approved builders list. This is one more best way to escape from fraud Realtor.

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  30. I think one more point has to be added., that is Home loan. Before buying any flat through home loan, better that to know much about the EMI and all the details.

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    Replies
    1. Ya harshitha, Home loan is also an important factor to remember. Because most of the people are from middle class people who will depends on Home loan.

      Delete
  31. This comment has been removed by a blog administrator.

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  32. We should be so much careful before buying a property, because the agents also naming themselves as the builders. Better to meet the builder directly instead of going through the agents. As un necessarily buyers are feeding the agents also.

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  33. Before buying the property we have to careful with these points and also we have to be in touch with the real estate lawyers because they may know the rules and legal documents of the property.

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  34. In my numerous interactions with Dreamz infra for the project in vidyaranyapura, I felt that Dreamz GK truly stands for their dedication, transparency and above all for their commitment to their customer. They helped me for transferring my loan account from one Bank to other, Thanks dreamz for all your help in the past and I am sure that hey will continue their victory.

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  35. Prior to investing in any property we have to carefully go through the above points as these are an eye opener. Thank you for sharing this article and creating awareness.
    Apartment on Begur Road

    ReplyDelete
  36. Sell and Rent out your residential apartments / flats in Jaipur. Click4flats.com checks your property details & provides you actual buyers and tenants.

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