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Bangalore flats prices – Hike in guidance value

When looking at what the Bangalore flats prices are made up of, one thing that becomes important is the guidance value. Before going any further, one needs to know what the guidance value is and what are we looking at in terms of an increase. Guidance value is nothing but the land value that is determined by the government. This is not set in stone, and this doesn’t control the property value for Bangalore flats prices. It is a guidance for the government if they were to buy out the land for government use. For example when metro work was started the houses along the way were bought out, the value of this was based on the guidance value. The stamp charges and registration value is determined based on the guidance value.

Bangalore flats prices Bangalore flats prices   Hike in guidance value

Bangalore flats prices

The value of the property as determined by the property owners would be different. The reason being they would base the value on the currently running market value around the locality. The market value and the guidance value may not be different too much, however the government does keep revising the value to keep it as close as possible. In Bangalore, the guidance value is revised every two years.  The uses of guidance value are as below.

  1. Registration value of the property is based on the guidance value as set by the government.
  2. The stamp duty is also based on the guidance value, however in this case if the sale value is higher, then whichever is higher would be considered.
  3. The guidance value is also determined based on the usage of the land, for example residences would have lesser value than commercial properties. The same case applies to property located on highways.

Let us look at the aspects taken into consideration when setting up the guidance values.

  1. The first one is the special conditions on valuations. These are cases where the usage of land determines the valuation of the land.
  2. When the guidance value is set for building aspects like: what kind of building, materials used for construction and the kind of parking is all considered when setting up the guidance value.
  3. There would be separate charges for the parking as well that gets accounted for.
  4. Then there are charges based on the floor number on which the flat is located. There would be more charges the higher it goes.
  5. Special amenities like lift, swimming pool, gym etc. would be charged separately as well. The percentage is low but it would still be charged.

Considering all this the guidance value gets revised every two years at least. All this should be read and understood when looking at the Bangalore flats prices. This would help make a better choice in buying flats.

Shriram Luxor - The Luxury of the Perfect Life
ShriramHebbalOne
Shriram SouthernCrest - Home Where Your Heart is
Shriram Greenfield – Own the home meant for you!
Shriram Sameeksha – Affordable homes for all budgets
Shriram Signiaa – A dream house that you cannot miss
Shriram Smrithi – A wise investment that appreciates every year
Chirping Woods – A idyllic bird haven amidst lovely woods
Shriram Suhaana - Luxury villas and apartments for sale
Shriram Summitt – Make the right move now and book your space

Bangalore flats for sale Frazer town – Resale price trends

Let us look at one of the oldest part of town and look at Bangalore flats for sale Frazer town. This is a very diverse locality with a motely combination of residential and commercial property. Finding a new home is not easy here, what you will find here is resale properties. Frazer town is spread across four kilometers. This was set up in 1910 though the name is changed to Pulkeshinagar but unofficially it is still known as Frazer town. The place is connected to all the major city centers and has many companies in the area. There are also many food joints here than one can count. So what kind of Bangalore flats for sale Frazer town would one find?

Bangalore flats for sale Frazer town Bangalore flats for sale Frazer town   Resale price trends

Bangalore flats for sale Frazer town

Frazer town may be commercial, but the most important part of this area is the nature. The trees on the side of the road still remain intact. What one should not miss here are the colonial bungalows and the British architecture seen in most of the older houses that remain as a mute witness to an era gone by. So it is quite evident that one would not find a new home here though a lot of resale property is available. It is very difficult to buy a property, which is not new, there are many challenges involved and let us look at the challenges.

1.     Resale property is not cheaper: The property that is available for sale is not cheap. If the money is not a matter then, there is no problem in going ahead. Again if the purchase is for conversion to commercial purposes then going ahead would not be an issue.

2.     Maintenance charges: The existing property should be checked on what the maintenance would be required for external property maintenance every month.

3.     Car parking: check for the car parking facility that is available at the location. In a locality finding a place to park is not easy and so it needs to be checked on what facility is available for parking.

4.     Water and electricity: The facility on water and electricity should be checked. This would help keeping things in perspective.

5.     Get the document checked: if anyone is buying a resale property getting the paper checked is important. There are many properties that are on litigation and the only way to find that out is by getting the papers checked.

Considering all this the price trend for a resale property is almost similar to a new one. This would be in a locality that is in demand. The amenities and commercial spaces are all set. Most people would be offering apartments for conversion purpose. So it is important to keep all this in mind when buying Bangalore flats for sale Frazer town.

Shriram Luxor - The Luxury of the Perfect Life
ShriramHebbalOne
Shriram SouthernCrest - Home Where Your Heart is
Shriram Greenfield – Own the home meant for you!
Shriram Sameeksha – Affordable homes for all budgets
Shriram Signiaa – A dream house that you cannot miss
Shriram Smrithi – A wise investment that appreciates every year
Chirping Woods – A idyllic bird haven amidst lovely woods
Shriram Suhaana - Luxury villas and apartments for sale
Shriram Summitt – Make the right move now and book your space

Bangalore expensive apartments – Five questions to ask the owner during a sale

Many home seekers who lose their hearts to Bangalore expensive apartments in areas such as Indira Nagar, Koramangala and even suburban areas like Hebbal need to do a lot of asking about the property before deciding to actually buy it. Owning a luxury property in the Garden City which suits your and your family’s lifestyle also involves undertaking certain amount of risk. Hence, it is important to ask all the right questions before buying expensive apartments in Bangalore, some of which are listed below –

Bangalore expensive apartments 195x300 Bangalore expensive apartments – Five questions to ask the owner during a sale

Bangalore expensive apartments

Home features and customization

Since home seekers are paying through the nose for a luxury property, they expect certain kind and type of home features. Hence, they must ask them and make sure that the apartment has all top-notch amenities such as high–end security features (biometric systems, video phones, or CCTV cameras), high-end bathroom fittings that give it a spa–like feel (mini Jacuzzis and saunas), high-end kitchen fittings and imported flooring. Additionally, many Bangalore expensive apartments and luxury properties today allow the home seekers to customize living spaces according to their lifestyles. Hence, home seekers should also ask the owner/developer whether he is allowing them to choose the specifications they want or not.

Common amenities and facilities

Today, luxury apartments are expected to have facilities such as clubhouses, gyms, swimming pools, fitness centres, recreation rooms and badminton and squash courts. Before zeroing in on a luxury property, one must make sure that all these amenities are being provided by the owner/developer. Home seekers must also ask about and ensure that owners/developers don’t compromise on maintenance of these amenities, which includes the fitness centre having new equipment and the swimming pool be cleaned regularly.

Green cover

Green cover is rapidly disappearing in metro cities today, and greater emphasis is being laid on open green spaces, especially in luxury residential projects with huge common areas. Home seekers must ask as to how much percentage of the area is dedicated to green cover and ensure its maintenance too. For instance, some of the projects of Shriram Properties in Bangalore have up to 60–70% of the project area as green cover.

Space

Home seekers must ask about the carpet area of the Bangalore expensive apartments they are looking at, which should be at least 3,000/3,500 sq. feet. Additionally, they should ask about the FAR (floor area) ratio (apartments per acre), since lesser number of dwellings per acre and more amount of open space allows a project to be classified as ‘luxury’.

Bringing in value

Tall buildings with more number of floors (15-20 or more) automatically get classified as luxury. Additionally, developers tie up with leading brands to attract deep-pocketed home seekers. This should not be so. Home seekers should ask owners as to what value the apartment is bringing for them to the table.

The bottom line is that it is better if home seekers of luxury apartments in Bangalore go to experienced developers who have been operating in the luxury segment rather than new and inexperienced developers.

Shriram Luxor - The Luxury of the Perfect Life
ShriramHebbalOne
Shriram SouthernCrest - Home Where Your Heart is
Shriram Greenfield – Own the home meant for you!
Shriram Sameeksha – Affordable homes for all budgets
Shriram Signiaa – A dream house that you cannot miss
Shriram Smrithi – A wise investment that appreciates every year
Chirping Woods – A idyllic bird haven amidst lovely woods
Shriram Suhaana - Luxury villas and apartments for sale
Shriram Summitt – Make the right move now and book your space

Bangalore flats for sale 3 BHK – Three reasons to invest

Owning a home in a place like Bangalore is not easy, though there are many Bangalore flats for sale 3 BHK. There are many options available in the choice for a house, however not all are affordable. People who have dreams of owning a home would think twice because of the prices and the difficulty of obtaining a loan. The documents required and running behind the bank officials deter many more of the interested parties. Sometime even after getting a loan, it may not be possible to actually get the house that one saw as the price of Bangalore flats for sale 3 BHK may have gone up or the flat may no more be available.

Bangalore flats for sale 3 BHK 300x215 Bangalore flats for sale 3 BHK   Three reasons to invest

Bangalore flats for sale 3 BHK

Is there no option available? Yes! There are many options, however the problem is the options are different for what one hopes for. No matter what options are available, let us look at the reason why buying a house in Bangalore is a good investment option.

1.     Save on rent: anyone who owns a house would save a lot on rent. Rent in Bangalore is not cheap. This is the reason why owning a home is better than paying the rent. People pay the same amount on rent as much as the EMI of a home loan.

2.     Future investment: owning a home is a good investment. The prices of property are only going to increase. There are places that have doubled in price in the last 10 years.

3.     Growth factor: the city is growing at a fast pace. Places that were once considered as outskirts of Bangalore are now part of the city.

So why should you invest in Bangalore flats for sale 3 BHK? Apart from the above factors the biggest reason is the money. The flat that costs about 30 lakh right now may cost double that in the next two years. Many of the apartments that are available for lesser cost right now are pretty much outside the city. However, in a few years these will be inside the city. There was a time when people did not buy a house in Koramangala. Now flats in Koramangala are most in demand. This is how it would go for many of the places in Bangalore. The current growing places are like Sarjapur, Hoskote and so on.

If someone has enough resources then they should invest in more than one flat. This kind of investment is only going to double and yield benefits. Do not shy away from investing.

Shriram Luxor - The Luxury of the Perfect Life
ShriramHebbalOne
Shriram SouthernCrest - Home Where Your Heart is
Shriram Greenfield – Own the home meant for you!
Shriram Sameeksha – Affordable homes for all budgets
Shriram Signiaa – A dream house that you cannot miss
Shriram Smrithi – A wise investment that appreciates every year
Chirping Woods – A idyllic bird haven amidst lovely woods
Shriram Suhaana - Luxury villas and apartments for sale
Shriram Summitt – Make the right move now and book your space

Bangalore residential flats – Ways to keep your child safe in a gated community

Living in Bangalore residential flats which belong to gated communities has a large number of advantages. Not only they are safe and secure for adults, they are quite beneficial when you have a child in your family.

These are the ways through which your child is safe in a gated community-

1) Safe Recreation Spots for Kids

Bangalore residential flats Bangalore residential flats   Ways to keep your child safe in a gated community

Bangalore residential flats

Most of the Bangalore residential flats of gated communities have recreation spots and sports facilities where kids can socialize and play. They often also have small parks and play-houses specifically designed for small kids and toddlers. The parents thus don’t have to worry about the safety of their kids.

2) Minimum traffic

Since traffic on the streets inside the gated communities is negligible, young children can easily walk and play around without risking their lives to cars and other vehicles.

3) Restricted Access

Since gated communities generally have security guards at the entrance, the access to the premises is restricted. Unlike independent houses which are easily vulnerable to thefts and other life threatening acts, with gated communities the people that go in are checked and kept an eye on. The security guards are also equipped with communication equipment for improved safety. This adds another level of comfort and instils a sense of safety among the residents.

In a country where horrendous acts as kidnapping are not uncommon, residing in a closed and restricted community is indeed comforting.

4) Day Care Centres

Many of the gated communities in Bangalore have their own day care centres today. And while the parents can always opt for other private day care centres, the one in their own community is likely to more safe. This is because, while any other private day care centre can’t be fully trusted, the one in the community can. Besides, it is also more convenient this way, and saves time and energy.

5) Well-Structured Layouts

The properties of most gated communities today are laid out in grids and are structured well. This makes it easier for young children to find their home in case they become lost. Also, a lost child can contact a security guard for help. This advantage is not available with independent houses.

For families with kids, gated communities are very beneficial and a lot more convenient than independent houses. But still, despite of all these advantages, one must never take these services at face value. One must ensure that the staff appointed for the community has a good background, and is trustworthy. One can never be surer. Stress on the security and safety is an absolute must.

Shriram Luxor - The Luxury of the Perfect Life
ShriramHebbalOne
Shriram SouthernCrest - Home Where Your Heart is
Shriram Greenfield – Own the home meant for you!
Shriram Sameeksha – Affordable homes for all budgets
Shriram Signiaa – A dream house that you cannot miss
Shriram Smrithi – A wise investment that appreciates every year
Chirping Woods – A idyllic bird haven amidst lovely woods
Shriram Suhaana - Luxury villas and apartments for sale
Shriram Summitt – Make the right move now and book your space

Bangalore luxury apartments sale – Advantages for NRI

Bangalore luxury apartments sale has seen a huge demand in the past few years, and it’s going on still. In the past few decades Bangalore has developed at a very fast rate. With the boom in the IT sector in Bangalore, the metro city gradually became the Silicon Valley of India. Today, the city has a wide range of education institutes, IT companies, and top-notch infrastructure and transportation services. All this growth and development has naturally attracted a number of realtors and investors. And while resident Indians are enjoying the benefits of investing in Bangalore real estate, the NRIs are not behind too.

Bangalore luxury apartments sale 224x300 Bangalore luxury apartments sale   Advantages for NRI

Bangalore luxury apartments sale

There are many advantages for NRI to invest in Bangalore luxury apartments sale.

Additional Income

The demand for luxury apartments is seemingly never-ending in Bangalore. Hence, an NRI can buy one such apartment and by renting it to a family the person can avail of an additional monthly source of income. Also, if an NRI plans to come and live in India for a couple of months or longer in future, whether it is regarding some work he has in India, or due to a job change, then he can reclaim his apartment.

The idea given above will kill two birds with one stone, as by renting an apartment an NRI won’t have to worry about property invasion, thereby insuring safety and a steady monthly income will work as icing on the cake.

Potential

Although Bangalore is already one of the most developed metro cities of India, there is still scope of growth, and hence, there is an abundance of potential in the real estate sector of the IT capital. The government has also proposed infrastructure projects which include Mono Rail, High Speed Rail Link, and Elevated Expressway’s, Signal Free ORR, Metro Rail, Peripheral Ring Road, (the southern portion of the PRR also known as the NICE road is already functional).

There are also several IT parks and SEZ under construction that will add more value to the real estate sector in future. Hence, by investing in Bangalore luxury apartments sale an NRI can avail increased market value in future.

Ease and Comfort

Another good advantage for an NRI to invest in Bangalore luxury apartments sale is that the Governmental regulations pertaining to the buying of property by NRI’s are quite lenient. NRIs can also seek help from real estate agents for aid in the acquisition, and Bangalore has plenty of them.

According to experts, Bangalore today offers a minimum of 13-14% of return on a property investment. Since past many years the tech city has continued to provide a very stable real estate market. Hence, more and more NRIs are going for it.

Shriram Luxor - The Luxury of the Perfect Life
ShriramHebbalOne
Shriram SouthernCrest - Home Where Your Heart is
Shriram Greenfield – Own the home meant for you!
Shriram Sameeksha – Affordable homes for all budgets
Shriram Signiaa – A dream house that you cannot miss
Shriram Smrithi – A wise investment that appreciates every year
Chirping Woods – A idyllic bird haven amidst lovely woods
Shriram Suhaana - Luxury villas and apartments for sale
Shriram Summitt – Make the right move now and book your space

Bangalore apartments in Koramangala – Five landmarks of this area

Bangalore apartments in Koramangala is the most sought after location for people these days. The cost of an apartment would start around 80 Lakh to 1 Crore and just starts to grow higher. Anyone who has been in Bangalore would know the changes this city has gone through. About 10-15 years back Koramangala had just started to grow. The inner ring road was getting built the access to airport was getting changed. In some places Military land was acquired just for the roads to be passed through. The property prices were very low. There were however not many takers for the Bangalore apartments in Koramangala.

Bangalore apartments in Koramangala Bangalore apartments in Koramangala   Five landmarks of this area

Bangalore apartments in Koramangala

Currently the price of an apartment in Koramangala cannot be afforded by most people. Many people who bought independent houses at this time are selling out the place to be constructed to a commercial property, or to be connected as an apartment complex. No matter what the case is, the property is drawing huge money and there is no stopping. The prices are going to just grow higher and one point of time as much as on M. G. Road or Vittal Mallya Road. So any one who can afford a place is Koramangala, should go ahead and purchase it now. After a few years that is going to yield you good benefits.

 

From just a place in Bangalore, Koramangala has become the most visited place in Bangalore. Every nook and corner you have a “Barista”, “Coffee Day”Or “Cuppa”. So much is the demand that even “Startbucks”opened their first shop of Bangalore in Koramangala. It is no wonder that many of the companies have set up their offices here as well. You have the “Dell”Office near the Domlur fly over, and the many different firms that have set up office inside of the “Embassy Golf Links”. It is for the convenience and also for the good name of the firm. It was possible that at one point of time someone could cross a road in Koramangala when Blind folded. Now to cross a road people may take a long time. That in itself is an indication on the changes this place has gone through.

If anyone is planning to buy a Bangalore apartments in Koramangala, should know what the landmarks of this place are. First of what many people know of is “The Forum”. It was one of the first shopping malls of Bangalore. Then you have the JNC college street, it has different eateries and shopping places, Apart from this there are the various parks, which are in each part of Koramangala. Last but not the least everyone should visit the animal shelter. This is right next to the passport office and houses more than 150 cows, which otherwise would have made it to the different slaughter houses. There are many more sights and sounds to suit everyone’s needs. Just choose what suits the need.

Shriram Luxor - The Luxury of the Perfect Life
ShriramHebbalOne
Shriram SouthernCrest - Home Where Your Heart is
Shriram Greenfield – Own the home meant for you!
Shriram Sameeksha – Affordable homes for all budgets
Shriram Signiaa – A dream house that you cannot miss
Shriram Smrithi – A wise investment that appreciates every year
Chirping Woods – A idyllic bird haven amidst lovely woods
Shriram Suhaana - Luxury villas and apartments for sale
Shriram Summitt – Make the right move now and book your space

Bangalore Flats for sale 2 BHK – Why is there a high demand for 2 BHK?

There are many people from out of Bangalore residing here and calling it their home, why are they choosing Bangalore flats for sale 2 BHK. Many people come to Bangalore with a dream of making it big. This is the silicon valley of India. The number of contact centers that run out of Bangalore is limitless. There are the smallest, to some of the exclusive centers of different companies. Many companies of the west feel that investing at a location in Bangalore is going to get them a lot of goodness in terms of new contracts. This increase of work is also bringing in a lot of workforce. When people start to establish a safe place at work, they would start to look for places of their own. This is why there are so many takers for Bangalore flats for sale 2 BHK.

Bangalore flats for sale 2 BHK 262x300 Bangalore Flats for sale 2 BHK   Why is there a high demand for 2 BHK?

Bangalore Flats for sale 2 BHK

The dynamics of this city varies from one place to another and adjusting to this environment is not easy for all. Especially people who are from different segments of the country. However the climate and the ‘adjust madi’attitude of the people is what gets these outsiders to settle here. While the whole Maharashtra was reeling under anti-north Indian campaign, there was absolute peace here. Anyone who did try and interrupt this peace was discouraged by people around them.

In a place like this, why is there such a high demand for the 2 BHK flats? There are different reasons to it and let’s see which holds the best for different situations. Below are the reasons why Bangalore flats for sale 2 BHK is highly the most demanded advertisement.

  1. The prices are very high, but a normal salaried person would be able to afford a 2 BHK house in a good apartment. This of course means he would be taking different loans to help with the purchase.
  2. The 1BHK house doesn’t serve the purpose of a growing family.
  3. The family may be small right now, however there can be many guests coming in. The second bedroom would help with the extended family that has decided to come over.
  4. The maintenance charges would be far less when compared to the larger homes and apartments. Maintenance charges are a required evil and there is no way to fight it.

These were a few simple information on why a family would buy a 2 BHK house. There are of course a few things which cannot be ignored. The 2 BHK house in a reputed builder’s apartment, would cost you more than a villa. This is because of the amenities that is provided to the person staying. The facility would be like a GYM, swimming pool and many more. This is why when buying a house in Bangalore, it is better to know what the eligibility is and then choose.

Shriram Luxor - The Luxury of the Perfect Life
ShriramHebbalOne
Shriram SouthernCrest - Home Where Your Heart is
Shriram Greenfield – Own the home meant for you!
Shriram Sameeksha – Affordable homes for all budgets
Shriram Signiaa – A dream house that you cannot miss
Shriram Smrithi – A wise investment that appreciates every year
Chirping Woods – A idyllic bird haven amidst lovely woods
Shriram Suhaana - Luxury villas and apartments for sale
Shriram Summitt – Make the right move now and book your space

CR060: Why Decluttering is Not Necessary to Revamp Your Home

Is decluttering necessary to revamp your home CR060: Why Decluttering is Not Necessary to Revamp Your HomeYou and your life are constantly changing, and that’s why regularly updating your space is so important. You don’t have to wait to move or do a big spring cleaning to sift through your belongings. Take time regularly to update your home so that it reflects who you are and who you’re growing into. The answer is not always decluttering, but editing. Listen on to know why decluttering is always not necessary to revamp your house.

Bangalore Apartments Electronic City Sale – Sale and Rental Trends

Electronic city also known as Ecity is one of the prime areas in Bangalore and Bangalore apartments electronic city sale has seen a tremendous rise after the IT boom in the 90s. The real estate market in Bangalore has seen a steady increase in the past few years and Electronic city is no exception to it.

Bangalore Apartments Electronic City Sale Bangalore Apartments Electronic City Sale   Sale and Rental Trends

Bangalore Apartments Electronic City Sale

Electronic city is one of the largest IT hubs in Bangalore with many IT firms and industries across it and a very huge workforce to cater it. With most of the prominent localities in Bangalore being saturated, it is best to make an investment on property in Electronic city as it provides a great opportunity for good benefits in the future.  Real estate builders have increased their Bangalore apartments electronic city sale by providing affordable properties with top-class amenities. The increase in the demand for land led to the extension of Ecity and today there are three phases namely phase I, II and III with the phase I almost completely developed and phase III still developing with new projects.

Electronic city predominantly consists of apartments with 75% of the total residential property area taken up by it. The need for safe and secure affordable housing with all amenities has given rise to an increase in the number of apartment complexes. Apart from the working class people flocking the area for residential properties, the local settlers with individual houses opt to convert their houses into apartment complexes by collaborating with builders and also make a handsome profit out of it. This has led to an increase in the number of apartments in the area.

The demand for a place to stay close to workplace has led to the growth of residential real estate projects which in turn increased the Bangalore apartments electronic city sale. The property prices in Electronic city have seen lots of variations in the past year. The price per sq.ft that was at Rs. 4899 at the beginning of 2013 depreciated to Rs. 4500 in December 2013 due to the slow economy rate. However, it later picked up and got appreciated to Rs. 4671 in September 2014 and has seen a gradual increase since then.

The rental price per sq.ft for apartments in electronic city has seen a slow and steady rise in the past year but has declined by a few rupees in 2014. The average rental rates which were Rs. 35 per sq.ft  at the beginning of 2013 went up to Rs. 44 in December 2013.  But it later went down to Rs. 38 in April 2014 and has seen a gradual increase since then reaching Rs. 42 in September 2014.

The entire area has seen a vast development with 70% of the total area being occupied by completed projects. New and upcoming projects take up the rest 30% of the available area.

Shriram Luxor - The Luxury of the Perfect Life
ShriramHebbalOne
Shriram SouthernCrest - Home Where Your Heart is
Shriram Greenfield – Own the home meant for you!
Shriram Sameeksha – Affordable homes for all budgets
Shriram Signiaa – A dream house that you cannot miss
Shriram Smrithi – A wise investment that appreciates every year
Chirping Woods – A idyllic bird haven amidst lovely woods
Shriram Suhaana - Luxury villas and apartments for sale
Shriram Summitt – Make the right move now and book your space