Second buyers eye North Bangalore as their preferred location

We read many articles on the web which states Bangalore is a safe place to invest. Many articles state that Bangalore’s real estate market is the most resilient and many more. Are all these true? Yes, it is true to a great extent. The HSI (Housing Sentiment Index) in its review of the quarter ending September 2014 reported that in spite of whole of Indian real estate market slowing down, Bangalore has attracted second buyers with 23 percent of the people living in their own houses are opting to buy a second home. The market watchers opine that the areas in demand are Thanisandra, Hebbal, Yelahanka and RT Nagar. The market watchers also feel that these buyers are eying on properties located in these areas as they can’t afford properties which are centrally located like Jayanagar, Koramangala or Sadashivanagar. Their moot intention is return on investment from their property.

Let’s investigate the buyers’ profiles to know more about the changing face of the market. The experts note that this part of the city has many senior officials of companies that are present who are buying such properties. They also say that there are considerable number of enquiries coming from cities like Kolkata and Mumbai too.

Appreciation of value and Return on investment: The key reason.
The quarterly Indian apartment Index (PropIndex) data shows that in the quarter Jul-Sept. 2014, most of the Bangalore’s localities have seen a rise of the prices. This report shows that prices of property have risen by 80 per cent in the last three years compared to the prices of 2011. A square feet which cost about Rs.2, 900 to Rs. 3, 800 in 2011 is priced at Rs. 4, 900 to Rs. 6, 700.

Areas like R. T Nagar and Thanisandra has witnessed a price rise of about 41 and 53 per cent during the last three years. Hebbal, R. T .Nagar and Thanisandra are within a radius of ten kilometers from each other. All these areas have good connectivity and have easy access to airport and also are located amidst numerous IT parks in the vicinity. It is noted that Hebbal’s property prices are a bit higher being 10 per cent more than Thanisandra and R. T Nagar. Along with these, Yehalanka is also an area that has noted a marked price rise due to its proximity to airport and all other infrastructure being added gradually. Yehalanka has witnessed a price rise of 25 percent in the last three years. These areas of North Bangalore are about 15 to 20 minutes distance from Central Bangalore and with the airport becoming operational the land development is also occurring at a jet speed which is forging the real estate market ahead.

What is currently on offer?
2 and 3 BHK residential flats are presently on offer in these areas. The size ranges from 900 to 1700 square feet Plots can also be bought in these localities with majority of plots in Yehalanka in sizes of land ranging from 1200 to 2400 square feet

Every locality in North Bangalore has yielded good returns on investment in the past. With the growth of IT and ITeS segment and the proposed infrastructural development real estate market of Bangalore is poised for steady growth and yield high returns for those planning for a second investment.

Is Real Estate Really Worth Investing The Hard Earned Money?

Investment is indeed a word that gives an individual sleepless night. The various bubbles which occupy an investor's mind are stocks, bonds, mutual funds, fixed deposits, gold and finally real estate. The options are endless and many but there have to be one fine decision which can take care of your savings in a right way also yielding a hand full of profits. One should invest in options which ensure utmost safety and proper gains in the crucial times. All the options available for investment have their own negative and positive points.

It is advised that one should always go for an expert guidance to make a safer investment as it’s the matter of your own savings and hard earned money. One should always go with a much secured option when it comes to investments. Witnessing the current trend there raises a question in the minds of many that why the real estate investment is a runway hit among the investors. Henceforth, the article focuses on the facts which make buying and selling properties in real estate a very profitable option.

The Retirement Income

The latest economy does not believe in the trend of saving and as a result of the cosmopolitan lifestyle there is huge pressure on the income which is lavishly spend covering expenses like school fees, fuel bills, marriage funds and many others. Due to all this pressure exerted the saving accounts is savings account of the individuals is receiving thinner and thinner checks. The real estate provides a steady growth of savings when the person after retirement plans not to work and can gain a steady income by means of these small real estate investments he can also indulge in renting properties which can later fetch him income is variable amounts. Thus, this will not force him to withdraw money from the saving accounts in terms of unforeseen events.

Confident Cash Flow

Real estate is a good option as it offers positive gains on a future date and also good returns on the investments made. This sector offers a guaranteed tangible income of your investments. This indeed justifies a positive and a confident cash flow. The cash flow can also be achieved while renting apartments and villas which will generate income in terms of rents. Taking the case of Bangalore where the rentals are uprising due to a bunch of reasons. A positive cash flow is assured indeed.

Tax Benefits

Taxes are a bane in our existence and are a necessary evil. The real estate investments can give a needed tax breather. India’s major contributor to the GDP is the real estate industry. A tax expert should be hired who could give you a clear picture on how to real most of the benefits from investing in real estate. The experienced advisor will advise you on how you can save on taxes while investing in this sector. The tax break extent depends on the income bracket an individual falls in-between.

Controllable Leverage

The real estate is a sector that provides an easy leverage and also an ability to use borrowed capital to ensure potential and positive return on investment. In the realty sector one can play only 20 percent of the whole property cost and the rest 80 percent could be paid by the means of home loan triggering the use of borrowed capital in from of home loan. This edge makes the investment in the real estate sector much more lucrative. Therefore, it’s a very safe bet as the ROI is assured and much secured.

Continued Appreciation

The real estate industry observes massive appreciation on the properties. Investments made in this sector assure a guaranteed appreciation. This appreciation is periodic in nature. The investments made in the real estate sector have receives a major percentage of appreciation in the times passed by. Taking the example of Bangalore the prices have receive a massive hike and the appreciation tag ranged between 20 to 30 percent. Thus, investments made in this sector will yield higher returns.

A Diversified Investment Portfolio

Adding real estate to the investment portfolio will bring on versatility to your investments and will surely yield better returns. This diversification will indeed lessen the risk and burden over other investments. Investors from all the stages mainly national or international aim to benefit from the investments and having a varied investment portfolio will definitely fetch better ROI. When compared to the Gold industry which is prone to frequent price fluctuation the realty sector is found to be more stable and secure.

Thus, the real estate industry is a potential sector for investing your hard earned money and also it provides returns which are better in monetary terms. Owning a property is also similar like gaining an emotional confidence as investing in a home or a roof is considered as a potential asset. Apart from the monetary constraint it’s more of an emotional link up and an urge which is fulfilled by owning a house of your own or even by investing the real estate market.

This article published by Dreamz Infra 001 Blog. If you're looking to check with Dreamz Infra existing customers then click below link: 

http://dreamzinfra001.blogspot.com/2013/06/customer-reviews-dreamz-infra.html#.U7FKEZSSw0o

Get more value if you spend more in a Project

Bangalore is witnessing a robust development in all sorts of projects including mid-segments and luxury projects. Each and every project today comprises of amenities like children’s play area, senior citizens walk and sitting area, landscape gardens, community halls for private functions, swimming pools and the list prolongs. But the question is do they really meet the expectations of the buyers.

In an attempt to make the consumer well-versed, here’s a list of necessities that will make sure that you have got the desired the property. 

Pedestrian passageway

The ‘pedestrian pathway’ should be wide enough for 2 people to walk at ease and senior-citizen friendly and free of risks. Generally, the average size of pathways is about three and a half to four feet wide to facilitate pedestrian and wheelchairs.

It is also suggested that the township planning authorities should be designed in such a way that it should be pedestrian environment safe, footways, paths and minimize clashes with outside factors like noise, vehicle traffic, and distended architectural features.

Swimming Pools

Know the hygiene and maintenance plans to manage swimming pools and chemical composition of water because sometime chlorine limit that needs to be maintained based on the quality of water and some developers are unaware of this.

Kids Play Area

Make sure the kids play area is close to parking as it is a safety measure and ensure that the sand in play ground is changed frequently and first aid kit is available in proximate.

Landscaped Gardens

Check landscape garden is available in the project and make sure that the plants planted are without thorns as it is unsafe for kids and during heavy rain its possible trees could fall hence make sure that trees planted have deep roots and some plants shed leaves that may make walkways slippery. So, it is better to keep an eye on the fauna in the project as well. 

Gym Requirements

Ensure that fitness room is huge and with sufficient lightings are sunlight. The club entrance should give the views of the key amenities that will allow users to get adjust easily.

Open to Senior-Citizen

Verify the project is open to senior-citizens with facilities like relaxing areas in open place that are quite safe as well, easy access to transportation within the project, separate paths for cycling and pedestrian pathways, etc.

This article posted by Dreamz Infra India Ltd. If you're planning to buy flat in Bangalore Dreamz is the best option. To see the customer testimonials click 'Reviews on Dreamz GK'.

BDA and BMRC under Legal Scanner

The BDA was directed by Justice AN Venugopala Gowda to conduct a survey on illegal constructions in TG Halli Reservoir Catchment limits Zone 3. Twenty-three villages would be subjected to investigation. Acting tough on the BDA, Gowda strongly expressed concern on failure to issue notices regarding such unauthorized constructions.

Citing violations of law by BDA, Gowda also pointed out that prompt action on BDA’s part would have prevented 137 units that came up in the area since 2013, despite a 2003 notification on the issue. The judge criticized city’s town planning authority in harsh words and seem to be keen on tackling illegal constructions.

This should be considered as a vital move in a city where illegal constructions have so far remained a significant concern. The court was straightforward in stating that the Government failed to deliver satisfactory results in the last decade when it comes to such illegal buildings.

December 14, 15, and 16 are the assigned dates and BDA does not have much time as the last date for submitting the report is December 17th. Also, two days are holidays. But, the court observed that authorities would not find it tough to conduct the survey on holidays. Also, to make things easy, the court has asked for 23 separate teams instead of a few teams, thereby one team of experts would get to analyze a specific village.

Yet another noteworthy development in relation to recent reformative activities is that the BMRC, Bangalore Metro Rail Corporation, has been asked to submit detailed information on its Namma Metro Project’s workmen, contractors and sub-contractors.

This move is in order to prevent further violations of labor laws and construction norms. Previously, there have been instances of such violations by the people involved in Namma Metro Project.

The court was informed that further improvement is needed in these areas in terms of labor and living conditions.

The court took action after hearing the arguments based on a petition stating unlawful working conditions for Namma Metro laborers. The PIL was forwarded by Sathya Samuel, a social worker.

The ruling came in last week by a division bench lead by DH Waghela, Chief Justice.

Meanwhile, BMRC informed the court that there are nineteen chief contractors and about 4,500 workmen on project site, and also that all laborers were supplied ID cards. Also, the official reply pointed out that all the accident or any untoward incidents happened were promptly recorded.