Property values stabilise due to oversupply in Thanisandra, Bangalore - Dreamz Review on Bangalore real estate

Bangalore

Thanisandra, a locality in the Northern zone of Bangalore, has lately been witnessing stable property values. According to the city-based consultants, currently, Thanisandra has an oversupply of stock and there are many units which do not have any takers. As per the data with MagicBricks.com, the capital values in Thanisandra dropped by almost 15 per cent in the Apr-Jun 2013 quarter as opposed to the consistent rise of 5, 15 and 4 per cent respectively in the Jan-Mar 2013, Oct-Dec 2012 and Jul-Sept 2012 quarters.

Several projects were launched in the beginning of 2012, as it was believed that the values would rise as the projects neared completion. Avinash Rao, regional director – South, Knight Frank Pvt Ltd, once commented in MagicBricks.com’s PropIndex that, “Thanisandra witnessed several launches in the Jul-Sep 2012 having low prices. These are expected to rise once the projects take-off.”

A part of what Rao said did happen. The prices rose in the subsequent quarters but they dropped considerably in the Apr-Jun 2013 quarter, indicating that the area could not absorb the number of units that were being produced. Supporting this, Hemand D Rawal, director of Samruddhi Realty says, “Currently, Thanisandra faces an excess supply, as there were a number of new launches, especially in the mid-income category, and this led to a drop in capital values.”

Another reason hampering the growth of property values is the proximity to other preferred residential locations such as HBR Layout, Hebbal and Nagawara. These locations also offer properties in the range of Rs 3,500 and Rs 4,000 per sq ft. Rakesh Nathan of Property Estates says, “The overall housing demand in Thanisandra gets shared between the other nearby localities. Since, these offer properties within the same range, along with a well-developed social and physical infrastructure, there is nothing special that Thanisandra offers to attract buyers.”

Source-TOI

Reviews on Home Loan and Interest rates - A guide by Dreamz Infra

The floating interest rate for home loan

Country's economy depends on the Finance System of the common people. The rise actually affects the on the whole and mainly on vegetables, groceries and affect the price of the goods, that we use on a daily basis. The amount of increase in the purchasing power of the people leads to lifts in the loans. However, the current account deposit of rupees indirectly lifts the internal market and the amount of the loan becomes very fragile. RBI announced its first quarter credit policy in such a critical situation. The pressure on the rupee to stabilize the banks and to fill the current account deficit is expected to be limited. Nevertheless, the internal market has focused on the amount of debt that RBI lifts, all kinds of prices, as well as the options.

RBI had already taken action for the increase in the Urbanization of the banking sector, and to promote economic activity and lending activities. Despite the improved monetary policy, RBI had given its consent for the trademark. RBI has gone a step further this time and the interest on the loan is continued as earlier. This action has been taken to prevent the current lack of prevention and control inflation.

RBI had the responsibility to focus on the decrease in the value of the rupee, against the dollar that had an impact of inflation which is inevitable. RBI has promised that it would reduce the inflation rate at the end of the current year by 5%.

Repo rate (banks that obtain a loan from RBI) has been retained at 7.25%. Similarly, the reverse repo rate (RBI raising loans from banks) is also retained 6.25%. In addition to the cash reserve ratio (banks to deposit the sum in RBI) also increased. Through all of these factors, the need for banks to increase the interest rate on a loan is in front of the general consumer.

At the same time, 5.50% of GDP rate of progression of claims, is estimated to be slightly lower compared to the the last time (5.70 percent). Oscillatory state of the global economic situation will continue in the same situation and the possibility of monetary policy.

The floating rate is the best

Repo, reverse repo rate and the cash reserve have not seen a major increase in rates. So, the floating interest rate on the loan is a better choice for whoever wishing to purchase a home loan, because there is no rise in interest rates found in the current situation.RBI order to simplify the loan policy is already in step, so that the positive aspects of economic activity is likely to be found. In order to undertake further action and to improve the situation, RBI policy is likely to be further refined in the next one month.

Inflation is under control and the decline in the rupee value of a rise in interest rates play an important role with continuation of the actions taken. At the same time developers and builders as well as financial institutions are approaching the home construction and home loans are likely to field a number of new offers. Overall, the rate of interest on the bank loan is a boon for the home loan buyers and floating-rate scheme in the current situation is the best choice.

What is floating rate?

The floating interest rate is the interest rate on a loan which is not constant till the end of the loan and that may vary according to the season. The interest rate is calculated calculate on basis of index or base rate and specified for each period. The floating interest rate is more used in the loan given to the banking and large corporate sector. For example, one person has a loan of 5 lakh worth of Home loans and the interest rate will be 10% in the first six months of the period. In the next six months there could be a possibility of interest rate rising to 10.5%. Later there is a possibility of improvement in economy and the interest rate may descend by 9.2%.

Dreamz Infra Social Media Reviews - A trend towards Revolution

Social Media has emerged as an trusted and cost-effective medium to sell properties thanks to the recent slowdown in demand, real estate developers have accepted this new medium with open hands.

Big names like godrej properties, puravankara group, that housing are the names who have switched towards social media over the traditional medium to market their projects, which has also led to a overall reduction of the mass-media marketing cost by over one-tenth of the total cost. Social networks like Facebook, twitter and youtube are the most prominent medium. This new medium has seen success due to the increase in smartphones users and more NRI investment on properties due to the rupee depreciation against dollar in recent times.

Tata Housing has been an major example, one of there projects in Pune named La Montana generated one-fourth of the sales was affirmed by the leads generated by a Facebook Campaign, the make it more funstional they even offered buyers a chance to experience the La Tomatina festival in Spain this August. A spokesperson of Tata Housing development Company said " We have fosused on Social Media with a broder prospect, aggresively imroving there social presence with over 25% of annual budget allocated to social media".

Bangalore-based Purvankara Group, which has hired specialist agency Yrals to manage its online activities, too plans to significantly increase social media share in its marketing spends from the current 10%, its CEO Jackbastian K Nazareth said.

The company recently had run a social media campaign, named Breakfree, where they offered waiver on Booking amount, pre-EMI, floor-rise prices and loan processing fees - adding up to Rs 62 lakh - special attractions for the users booked through their social media platforms.

Big names such as Mahindra Lifespaces, Lodha group and Shobha developers have already adopted the social media trends for brand building, employee engagement and to address enquiries from potential buyers.

Dreamz infra has also followed the suite of social media propagation in the recent times  and have active interactions and quality information posted on major social media platforms such as Facebook, Twitter, Linkedin, Youtube, Slideshare, blogs, etc...

Prefer residential greenery to soothe your senses ? Dreamz Reviewed Tips

A vegetable garden can definitely contribute to your inner peace. Once the environmental growth parameters (sunlight, water & soil) are adjusted to their optimum, you can choose between a germinated sapling and a seed based upon your gardening expertise. Nevertheless, on your first attempt, the crops that can leave you satisfied to the core are “the fast growing” radish, “the foliage exhibition” of lettuce and spinach, “the versatile” onion & “the spice king” garlic…… These easy-to-grow frequent harvests can add to your heart content by crediting nutritional values to your salad recipes.

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A Vegetable Garden at home infographic

Residential Hubs Sprout Up In The Vicinity of Outer Ring Road (ORR)

Residential Hubs

Earlier also, Bangalore has witnessed sprouting up of areas like Malleswaram, Yeshwanthpur, Mathikere and Rajajinagar into enlivened residential hubs... This rapid growth was being stimulated by the developing civic infrastructure projects like the NH4 leading to Tumkur Industrial Town and Metro Line that was under construction.

Currently, this 19.5 km long commute-way, along with 4.5 km elevated expressway, has resolved the woos of traffic congestion pouring in from the residential as well as commercial junctions connecting Tumkur, Peenya Industrial Area, also smoothening travel to north Karnataka and Mumbai, radiating to opposite directions.It is quite obvious that the realtors did not require a microscopic detailing to cite the future prospects of urban growth along this facilitated positioning. 

An increased consumer interest, inferred from footprints of 1.20 lakh commuters per day, also has helped the research by Knight Frank to conclude that the connectivity to Mumbai, as well as the availability of future industrial zones, have added to future prospects of residential growth within these areas including Jalahalli, Yeshwanthpur, Hessarghatta, Nelamangala and Jalahalli . 

Future development possibilities have also welcomed the frontiers of healthcare, entertainment and other aspects of social infrastructural developments. The advanced link with the NICE Ring Road adds to the boon.

Is Your House 100% Vastu ? Here are some ways to eradicate the Negative Energy

Vaastu Shastra

Here are some ways to ward off negative energy from your home:

Vastu Shastra is depends on the 8 directions of the earth’s magnetic field.

Most of us know that Vastu means Directions to live, but it is not! Now a day’s people in city or most educated people follow vastu system (vastu Shastra).

Even though we are born with good horoscope, our lifestyle and many other things are dependent on the House where we stay, so we are concerned about Vastu.

What's Vastu all about ?

The main Direction is EAST - the house should be east facing, it is just a logic that the morning sunshine should enter the house, and Sun's Energy has the power to cure the most of the skin diseases!

Points mentioned below looks simple or silly for many of us but practice them properly; you will find some change in your life in short time!!!!

·        Get up early in the Morning at least by 6.30 AM

·        Clean the House (sweep and mopping) don't depend on your Wife (help your wife everyday so that she will feel happy and the whole day of yours will be cheerful).

·        Open Up curtains full and clean up the mats every day.

·        Don't keep used Towel on Doors, chairs or on Sofa (It causes for Loan or loss on financial matter),

·        Keep the toilets Clean – use Phenol or Dettol.

·        Use washed Clothes everyday and never use torn clothes.

·        Play a Lite Music / mantras at home (Morning and evening) like Vishnu sahasra Nama, daily chant mantras.

·        Have food with all family members every day – most of the times, whenever possible.

·        Talk nicely with Kids and make some funny moments there.

·        Have a positive talk every day with wife/husband and with your parents too, don't just say Bye to wife and go!

·        Never keep any rooms unused (dark or with no light) for longer time.

·        Try to accommodate an Aquarium 

Advanced Methods to ward off Negative Energy:

·        Keep Salt in a Teacup in all the corners(4 per room) of the House (Change every week once) – Don't use powdered salt and use paper tea cups (Small) and fill salt 75% of the cups.

·        (When changing the salt - collect all the salt in a tumbler and pour it to toilet or bathroom (Do Not use or reuse the salt).

·        Put some posters in Hall (currency posters).

·        Don't keep Mirror in Bedrooms, If you have already cover with clothes in nights.

·        Main Door –Door mats should be RED Colored – put one at outside and one inside.

·        Put an Om symbol (or Swastik) on main door (stick a gold colored symbol).

·        When doing Puja use Bells (Big bells).

Points are many, but the most important part is to follow it studiously. we will come up with more significant Do's & Don'ts for vaastu in our further posts.

Keep following us, for more insight on the same. More detailed manuscripts can be obtained, feel free to share your comments & reviews.

The run towards a Dream home - Reality or Myth ?

Every now and then you will hear people speaking “few years back a decent 2BHK flat cost around 30lakh now the same flat would cost some were around 80+lakh or even more depending on the locality”. Now rising prices are not common to people in country like India, where prices fluctuate for every little political stunt or even depend upon demand and supply. Now this is hard to accept the fact that sometimes these prices change a lot more than expected and there is no control over it. This major fluctuation is not always as per the market, real estate scams & frauds, excessive commissions between builders and agent can also cause the price increase to the end consumer. 

Hurdles before you own your dream house:

Normal middle class people always have dreamt for a dream home, right from the state when they start earning. But these dreams don’t materialise for many, because by the time they would at least manage to get the down payments for a flat, the prices might have gone higher than the time, when they actually planned for a house & started saving. Home loans are been arranged now a days with many private and nationalised banks to help the cause. But the point still remains that, the huge price variations have made many prospects buyer to shelf their dreams.

Agents in between builders:

“Agents”- now this term is a very common term now a days, almost every sector irrespective of real estate sector has agents in between the selling party (builders) in this case & the prospect buyers.

Agents can be good or might cause a big hole in your pocket towards your dream home, because they tend to raise the price to the buyers while increasing their profits. This can be controlled apparently if builders try to acquire buyers themselves rather been more dependent on the agents.

Land scarcity & Increase in living costs (Inflation):

Increase in prices is what we are more acquainted with, which has become very much common now days. Government change or major economic reforms, depreciation in exports, and depreciating rupee value cause major drive to the increase in prices. Now the increase in prices not only affects the upward trend in constructed space, it also pushes the cost of construction materials. The price for a flat before construction would largely vary in comparison to a constructed flat. Though builders are coming up with excellent offers to reduce the price to lure buyers, but largely they fail to keep up with the promise and somewhere or the other buyers end up to be on the losing side.

Land Scarcity is another big problem in developing cities like Bangalore, where the prominent places to stay are either filled up or there is no space to initiate any further constructions. Either a buyer has to shell out, way to much of cash to buy a dream home at a place of his desires or rather he will have to compromise to a different place which could be either far from the city or could be in down suburbs.

Dreamz Infra towards Innovation and Making people dreams come true:

Dreamz infra one of the upcoming and most respected real estate company in Bangalore. Dreamz has always strived in making people’s dream come true by building breakthrough price challenging homes; Dreamz looks forward towards their customers with robust engineering, excellentdesign team to assist, timeline bound, and customer centric approach. They believe in complete value for money in what they build, dreamz have continuously evolved them-self in respect to their customers from the customers reviews, feedbacks & encouragement. There residential projects include affordable apartments to luxury flats with all modern amenities, they have always worked towards to keep the prices affordable by keeping up the quality with innovative aesthetics.

What is "A" KHATHA and "B" KHATHA - find the differences

For thousands of Bangaloreans residing in the new BBMP areas, a legitimate document that proves they own their property is a matter of utmost importance.

Interactions by Deccan Herald with a cross section of people from these areas brought this out forcefully.

Srinivasan has a property near Hosur Road which was a gift from his father. “I am nearly 40 years now and waiting for the government on its stand on khatas. How many more years should one wait?” he wonders.
The area, where his property is located, was originally under the jurisdiction of the grama panchayat, before it came under the jurisdiction of Bruhat Bangalore Mahanagara Palike (BBMP) limits. But after four years, Srinivasan still has the documents of the panchayat days.

He has heard about the ‘B’ khatha, but does not want to apply for it because of its ambiguous nature. “It would be better that I directly get the A-khata and be sure and secure about my property” he says.

There is a great deal of confusion on the Khata itself, because the “B” Khata is actually an entry in a property identification register. The “Khata” is also a misnomer, as stated by the BBMP Commissioner, Siddaiah himself. No wonder, the property owners are a worried and anxious lot.

Compounding the confusion has been the eagerness of many BBMP personnel and middlemen to cash in on the “B-Khata” craze. There are several cases of bribery by people wanting to get properties registered through these khatas. Many have fallen into this trap. The cost of a document as proof of an entry in the B-Register (which is actually not a khata) has been fixed as Rs 110, but there are many residents who have paid much more.
Take for instance Lakshmanappa, a 65-year-old who owns a property in Kengeri. He had to go through a plethora of hardships to finally get that promised document, which he still thinks is an alternative for a khatha. “I had to shell out Rs 12,000 at the BBMP office and then again Rs 4,000  at the Sub-Registrar’s office. Even after paying so much, my registration was done only after four months,” he recalls.

Lakshmanappa knows that his ‘B-khata’ does not entitle him to his property and that it is just an acknowledgement for the property tax he/she has paid to the BBMP. “Well, something is better than having nothing”, he says.

Although the BBMP officials wouldn’t admit it, the bribery is an open secret. Salim (name changed) who stays near the Old HAL Airport, having heard about the “‘B’ khatha,” wanted one for his property and tried to get a middleman to do the job. “The agent said he could do it for me for Rs 2000. He also openly admitted that most of the money was for BBMP officials,” says Salim.

In another part of the city, Bommanahalli, also a new BBMP area, a resident, Kamal owns a three-storey building. He claims that his property is registered under the City Municipal Council. But he apparently was not even aware that since the inception of the BBMP, the CMC registrations wouldn’t hold much water unless he did the necessary documentations. 

“Most of them are clueless about B-register which is generally perceived as the B-khatha,” notes Mahesh Babu, an advocate. The BBMP offices, he says, take advantage of the ignorance of people to engage in mismanagement.  “People don’t even know that they cannot avail loans from nationalised banks with this so called B-khatha nor do they know that this doesn’t certify them as legal owners of their property.”

Most people want valid documents not just to feel secure about their property but also to convince banks to sanction housing loans. Many nationalised banks now insist on the “A-khatha” issued by BBMP. “I want to desperately get a loan but want to get one only from a nationalised bank.  A genuine document would benefit not only me but also a government bank” says Srinivasan.

A-Khata, B-register or ‘B’ khatha, almost everyone prefers the BBMP to hold an interactive forum for people to clarify all their doubts. As Srinivasan puts it. “That is the least the government can do at the moment.”
Siddaiah, Commissioner, BBMP.

There is nothing called a ‘B’ khatha in the KMC Act 1976. There is only one khatha. What has come to be known as ‘B’ khatha is the ‘B’ Register

Raju , property owner and realtor 

I paid Rs 4,000 and applied for the registration of my property a long time ago. However I got my ‘B’ khatha only 15 days ago

Sudheesh, property owner, Shastri Nagar

Although I have paid the necessary charges and got my khatha registered, there are a lot of property owners in the new BBMP areas who are confused about the issue. The BBMP could hold interactive meetings for better clarity

Khatha for dummies

* 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.
* Each City or Town municipal council and corporation issues a Khatha identifying the property owner, after verifying the title deed, the sale deed and other documents apart from measuring the extent of the site.
* Over the years, indiscriminate issual of Khathas were recorded in the City Municipal Councils and Town Municipal Councils without verifying the documents for the land.

* In 2007, those under the seven City Municipal Councils (CMC) of Bommanahalli, Dasarahalli, Krishnarajapuram, Raja Rajeshwari Nagar, Mahadevapura, Byatarayanapura, Yelahanka, one Town Municipal Council (TMC) of Kengeri and 110 villages, were brought under the fold of the Bangalore Mahanagara Palike (BMP).
* Following this expansion and creation of the Bruhat Bangalore Mahanagara Palike (BBMP), those who did not have appropriate approval from the concerned land development authority and yet to come under the ambit of the Palike were issued an acknowledgment which was in common parlance known as ‘B’ Khatha. 
* However, in reality, ‘B’ Khatha does not exist. Property identification numbers are entered into a register called as  ‘B’ register stating that the civic agency has been paid its dues by the property owners.
* For citizens in need of an approval from the appropriate land development authority but have a Deputy Commissioner (DC) conversion, the BBMP re-introduced Betterment Charges which will entail people to take a Khatha on their property.
* Recently, the Legislative Assembly approved the extension of the DC conversion for another year.
* However, owners of properties with building bye-law violations will have to wait for Akrama-Sakrama.  

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. 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.

Khatha conversion

 B Khatha can be converted in to A Khatha. Keep the below mentioned details and documents ready 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

Refferences -Deccan Herald and BBMP

For all latest and updated property news and Bangalore Real estate news please visit Dreamz Infra Information Blog Sites

Know where the most of Bangalorean go for Buying a Flat - CLICK HERE

4 POINTS - BEFORE BUYING A FLAT IN BANGALORE - CLICK HERE

40% discount on all Flats in Bangalore @ Dreamz infra - CLICK HERE

For Khata-Registration/Modification-Form Click here

For Khata-Application-Acknowledgement-Form CLICK HERE

Info By Dreamz Infra Bangalore

www.dreamzinfra.com

New Design Flats - A 3D View of Some amazing apartments

GALLERY (Please wait for a while - downloading images takes sometime) 

 Flats a living partner for all of us!!! It should look like : "Just amazing". When we are on travelling we would have seen some out standing Apartments, Flats, Villas.

But when it comes to our own - we end up with lot of confusion!!! Why Others? why not me? these questions are always a shadows for us isn't it? So here we have come up with some interesting 3D views of Flats.

Browse it and keep it for yourself, whenever needed you just come here and decide. In this Particular Blog of Dreamz infra bangalore we will be updating with lot of new pictures, desings and reviews about Bangalore real estate companies.

 Dreamz infra review page can be found here And dreamz infra bangalore - request all the readers to post your comments on the same and share some interesting Flat design here, so that other readers can make use of it.

Customer Reviews - Dreamz Infra

Hello Visitors...

You might have come across many websites across internet regarding property news, scams & other information on Dreamz Infra Pvt Ltd.

Our motive here is to highlight few good reviews we received from our esteemed customers. We have tried to get few excerpts from different sites all at one place, which can be followed.

With the web flourishing in full bloom, many sites are coming up and searching for a definitive content has become cumbersome off late. Hence, we conceptualized to start a medium where we would track the good reviews from different sites all across the web at one place.

This review we found in one of the major consumer forum websites:

Sunanda 

I am Sunanda from Bangalore. We never had the plan of buying a flat in Bangalore, just because of the high prices they quote and we could not afford that. One day I got a message from dreamz infra about the flats and price quoting only basic price and they will say more expenses that we have to bare, fortunately I visited Dreamz one day I came to know that whatever they are quoting is all inclusive except VAT and Registration. After having long discussion with Sales team I got the clue this could be the right builder to invest in and surely we can trust these people. The land was still not registered and I was taking a big risk. I thought I don’t know what I was doing? But still I thought I will go ahead to invested with Dreamz Infra. I just made my cousin also convinced and booked 2 flats at the same time. I got all the relevant documents and as promised the land got registered. Now the construction is about to start and I just can’t wait to move in my own home.

This review we found in one of the major consumer court website:

We were referred to them by a mutual friend/client who has booked several flats with them with high reviews and results. They have helped us with a flat to a level that exceeded our expectations. We knew that in building a new home we would meet with challenges and issues along the way but these have always been rectified in a timely manner by their office staff. I would make a special mention for their CRM member who always greeted our calls in a friendly, personal manner and helped us with all the questions we had. We have high regards towards them. - By LatifTariq

Few Video Reviews:

We would regularly update this blog, keep following us for more information.

Know where the most of Bangalorean go for Buying a Flat

Software city Bangalore has everything; it is one of the top recognizable cities in the world. It has Infosys, UB city, IT Park White field (ITPL), Bagmane Tech park (BTP), Glass House at Lalbagh, and many more.

Owning a Flat or Dream house is one of the goals in our life. People of Bangalore are well educated and for everything they refer internet to find the right place. Googling is a daily habit for the people here. Most of the software engineers do everything online – from ordering food to finding life partner, everything happens over internet. When we land up in search of flats or house in Bangalore, we definitely search for good Realtor or an agent. And think of others (friends) that where they have bought?

 Some websites will give us the shaded picture but seeing it in realty is very important.There are Many Real estate companies and builders selling flats in Bangalore. But we never know who the Best is or who is the skilled Realtor Finding the Best real estate company is not an easy job, in the beginning all say that they are the best but experiencing them will be too hard, And we cannot compromise in this matter, Getting cheated is a common thing in these days, and it will be memorable one too. Once cheated will remain until for generations.

Here is how we can find the right Realtor or the steps to proceed for that matter:

Our Needs – we need a Flat (1 BHK or 2 BHK or 3) doesn't matter, but the price and locality matters. Finding a Flat for very reasonable price in very good location is an art. For a better experience in finding flats we have to visit the flats in weekends. Visit at-least 30 to 50 flats in different locations in your weekends and compare it all.

Don’t judge sitting at home, take your family to flats which you liked the most and ask for their opinion. Only few real estate companies do the honest service in providing the transparent info.

And companies like Dreamz Infra Bangalore (near Silk Board –Bangalore), In One day you can visit 30-50 flats in different locations makes you narrower in finding your dream flat.

For Free Flat visits along with door step pick up & drops - register your name here Dreamz Infra Bangalore

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.