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All about Bangalore Apartment Service Tax

For the average home owner in the Garden City, the Bangalore apartment service tax of 12.36% is a huge amount to pay, apart from the cost of the flat. Service tax in real estate is a tax that is payable on the services provided, i.e. the property itself, by the purchaser to the developer of the property.

bangalore apartment service tax All about Bangalore Apartment Service Tax

Bangalore apartment service tax

The Service Tax Act Section 65(105) directed the builders and developers of under–construction properties in the Garden City to pay Bangalore apartment service tax whenever they sell the apartments to buyers. When it comes to properties under construction, there are two parts to the selling price of the property – the construction cost and the land value. Since the broad definition of service tax includes only goods and services and not immovable property, the government has issued an abatement scheme for imposing service tax in real estate transactions concerning under–construction property. According to the Union Budget 2010–11, the government allowed for an abatement of 75%, which meant that service tax would be levied on only 25% of the total sale price of the apartment. The abated value also represented the service component in case of under–construction activity. Hence, the effective rate of service tax came to 12.36% X 25%, which is 3.09% of the total transaction value. Hence, for instance, if the price of the property is INR 40 lakhs and its size is 1,300 sq. feet, then the service factor value is = 40,00,000 X 12.36%, that is INR 4.944 lakhs. The total service tax factor in this property’s case will be 25% X INR 4.944 lakhs that is INR 1.236 lakhs.

However, from 1st March 3013 onwards, the Bangalore apartment service tax rules have changed. The government then directed that flats and apartments which are valued at INR 1 crore or more or those who have sizes exceeding 2,000 sq. feet, service tax rate applicable to them is 30% of the gross value, as against the earlier 25%. Hence, the service tax factor from 2013 onward changed to 12.36% X 30%, which is 3.71% of the gross transaction value. The only stipulation to the abatement was that the gross value charged from the buyers of apartments should include the value of the land on which the property has been built. Additionally, for the certain facilities that the developer provides such as fire-fighting equipment, electrical installations, club membership, car parking or even preferential locations, the abatement isn’t available. Hence service tax applicable on all these facilities is at the full rate of 12.36%.

However, buyers of apartments in the Garden City need not despair. The budget also said that those developers who had been selling apartments under construction without obtaining the completion certificate needed to pay service tax, while those who’d obtained the completion certificate didn’t need to. Hence, the only scenario wherein buyers do not need to pay service tax for under–construction properties is when they buy the properties after their developers have obtained the completion certificate for the project from the local authority.

In this era of increasing guidance values in the Garden City, ready-to-occupy flats are the way to go.

Shriram Luxor - The Luxury of the Perfect Life
Shriram HebbalOne
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 for Sale Electronic City – A Hike in Guidance Value

The prices of Bangalore apartments for sale Electronic City have gone up by at least 10–25%, thanks to the latest hike in guidance values across the city. This steep hike, which came into effect last week on November 13th, impacts all stakeholders right from finance companies, banks and the sellers to the average buyers, builders and developers and the government.

Bangalore apartments for sale electronic city 300x200 Bangalore Apartments for Sale Electronic City – A Hike in Guidance Value

Bangalore apartments for sale Electronic City

Guidance values are the minimum values set by the state government below which no residential properties can be legally registered. It is not the selling price of the property, but rather the minimum price for registering the same property with the local registrar. This essentially means that home buyers will need to shell out a larger amount of money for both the registration fees as well as the stamp duty, which will consequently increase the property prices by at least 10–15%. For instance, Bangalore apartments for sale Electronic City priced at earlier guidance values of INR 40 lakhs would originally attract INR 2.64 lakhs as stamp duty and registration charges. With even a revision of 15% in guidance values, the new price of the property becomes INR 46 lakhs and the stamp duty and registration charges become INR 3.04 lakhs, an increase of almost INR 40,000. The guidance values for apartments (ceramic/mosaic flooring) even in developing areas such as Kudlu near Electronic City rose by 17% in a matter of days. For an average middle class person, the additional money is extra burden. The same thing translates as revenue for the government.

Home buyers are now becoming wary of buying property and are approaching home–buying with extreme caution. Their biggest worry is that the registration value of the property is not calculated at the time of booking. When the project undergoes delays on part of the developers, it is the buyers who end up suffering because the costs just keep rising as values keep getting revised. This leads to additional pressure on the middle-class buyers. The developers and builders in the Garden City are not a happy lot either. They believe that the market is still recovering from last year’s sluggish growth, and revising guidance values right now is uncalled for.

Most real estate experts are pointing home buyers towards ready-to-occupy flats in south Greater Bangalore areas. And when it comes to maximum stock of ready-to-occupy apartments, Bangalore apartments for sale Electronic City and surrounding areas such as Sarjapur Road and Whitefield are the maximum in number across the city. 2BHK apartments in Electronic City, which are the most widely preferred choices amongst buyers, are priced anywhere between INR 15 and 65 lakhs and have sizes between 650 and 1,300 sq. feet. Besides, buyers are not only sure of what they are investing in but they also cut risk of construction delays. Some projects with ready-to-occupy flats are Shriram Chirping Woods and Shriram Smrithi in Sarjapur Road and Shriram Summitt and Signiaa in Electronic City.

In this era of increasing guidance values in the Garden City, ready-to-occupy flats are the way to go.

Shriram Luxor - The Luxury of the Perfect Life
Shriram HebbalOne
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 Apartment Sale Indiranagar – Five Advantages of this Area

When it comes to Bangalore apartment sale Indiranagar flats have been very, very popular, despite given the expensive nature of the locality. Whether it is the cosmopolitan vibe of the neighbourhood or the many shopping hubs that the locality has, living here is the dream of almost anybody who wishes to own a house in the Garden City; unless the budget is not an issue, that is. Summarized below are five advantages of this in this uber chic and upscale area –

Mix of cultures

Indira Nagar is one of the few places in Bangalore where one will find the Kannada–speaking population of Bangalore, Muslims, Tamilians, people from North India, and everybody else living in harmony, giving the place an absolute pluralistic and multi–cultural vibe. The only thing common about the people in the area is the use of multiple languages and a sophisticated and upmarket lifestyle. Home to many of the state’s celebrities, actors, sports personalities and politicians, Indira Nagar is the perfect place for non–Kannadiga migrants who wish to settle in Bangalore.

Great apartments

When it comes to a Bangalore apartment sale Indiranagar, one can be assured of great, spacious apartments with all sorts of amenities and facilities onsite. Although priced quite high (average price of flats in the region is around INR 7,000–8,000/sq. feet), home seekers have a great number of apartment choices when it comes to Indira Nagar which have a complete set of facilities and amenities including access to nearby markets, swimming pools and jogging tracks, club house facilities with gym and recreation rooms and 24/7 security complete with video phones and intercom. If one does not mind paying through the nose for living here, Indira Nagar apartments can become lifestyle statements.

Culture hub

Are you dying to eat a traditional kathi roll? Do you wish to learn salsa and join one of the best classes in the city? Are you a regular at high street brands such as Steve Madden and Chemistry? Or are you a foodie who loves trying out new cuisines with your family? Then Indira Nagar is the place for you. The locality, especially 100ft road, is undeniably one of Bangalore’s best places for shopping and entertainment. Whether you wish to party at a nightspot or go on a buying spree, this place is the ultimate shopping and entertainment paradise.

Connectivity

Indira Nagar is centrally located, and is close to the old HAL airport road (6km), Bangalore city junction railway station (11km), MG Road (5km), OMR (2km) and ORR (6km). Kempegowda airport is around 42km away and the Indira Nagar metro connects the locality to most of the areas in and around the city.

Infrastructure and price appreciation

One of the biggest USP of a Bangalore apartment sale Indiranagar is the fact that the social, urban and commercial infrastructure of the region is excellent and continues to bloom every day. Real estate prices are increasing every day, making it an extremely wise choice to invest in Indiranagar properties today.

Shriram Luxor - The Luxury of the Perfect Life
Shriram HebbalOne
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

CR057: Rising Importance of Vaastu

Rising importance of vaastu CR057: Rising Importance of VaastuGrowing importance is being given by home seekers to Vaastu while choosing Bangalore apartments projects. Stress is a given in today’s hectic lifestyle. Since the aspects of the science of Vaastu can bring about a stress–free living environment, more than 80% of home buyers in Bangalore today wish for their homes to be ‘Vaastu compliant’. In fact, home seekers are even willing to pay an extra 10% to get the house built on or modified according to Vaastu principles. Developers and builders are capitalizing upon the same and incorporating Vaastu related aspects in their projects, listing them as ‘Vaastu compliant’. Listen on for more info!!

Bangalore Apartments for Sale Marathahalli – Sale Trends

Bangalore apartments for sale Marathahalli are sought after by many IT professionals working in the tech parks of ORR, Sarjapur Road, Whitefield and even Electronic City, leading to the neighbourhood being called as ‘techville’. Literally meaning ‘Marut (god of wind/air) village’, Marathahalli went from being a sleepy hamlet on Bangalore’s outskirts to being a booming suburb in a short span of time.

Bangalore apartments for sale Marathahalli Bangalore Apartments for Sale Marathahalli – Sale Trends

Bangalore Apartments for Sale Marathahalli

In the late 1990s and early 2000s, Whitefield was established and Electronic City began developing on the eastern and south-eastern outskirts of the city. At that time, Bangalore apartments for sale Marathahalli were scattered all around the region. When IT companies began settling down in Sarjapur Road, Electronic City, ORR and Whitefield and nouveau riche IT professionals began looking for homes, Marathahalli blossomed. Marathahalli’s proximity to ORR, which traverses the entire circumference of the city and which joins with other roads is another major reason for the increasing popularity of the region’s real estate. ORR connects Marathahalli to many important destinations in and around Bangalore including Silk Board Junction (13km), Bangalore city junction railway station (17km), Kempegowda international airport (46km) and other places such as Electronic City, Indira Nagar, Koramangala, etc. due to the excellent connectivity that the area enjoys, the social infrastructure of the place bloomed as well.

Today, Marathahalli is no less than any of Bangalore’s older and well known areas – it houses good educational institutions, excellent hospitals, and provides for convenience of residents with many banks, ATMs, restaurants and eateries, and grocery stores and places of worship. The addition of pubs, lounges and shopping malls to its infrastructure has catapulted Marathahalli into real estate limelight.

Another reason for Bangalore apartments for sale Marathahalli being preferred are their prices, which are almost 10% less than those in Whitefield and more than 15–20% less than the inner parts of Bangalore city. For instance, prices of apartments in Marathahalli five years back were around INR 2,700/sq. feet. In contrast, prices for flats in both Whitefield and Mahadevapura at that time were around INR 3,100/sq. feet. Today, prices for apartments in Marathahalli are around INR 4,300–4,500/sq. feet, while those in Whitefield and Mahadevapura are around INR 4,500–4,800/sq. feet. Clearly, people are coming to Marathahalli for the value–for–money offering that the real estate the region is providing.

In recent times, however, Marathahalli is facing tough competition from Sarjapur Road, which has turned out to be a dark horse of sorts. The south–eastern suburb, which lies just 18km south–east of Marathahalli, is seeing a flurry of real estate activity. Excellent social infrastructure, great connectivity and the tag of ‘affordable luxury’ with flats’ prices just around INR 3,000–4,000/sq. feet have home seekers flocking to Sarjapur Road. One much sought–after project by home seekers is Shriram Chirping Woods on Sarjapur Attibele road. With one of the future phases of the metro all set to enter the locality, Sarjapur road’s prospects of completely replacing Marathahalli as a real estate hotspot are extremely bright.

luxor.shriramproperties.com - Shriram Luxor
hebbalone.shriramproperties.com - Shriram Hebbal-one
southerncrest.shriramproperties.com - Shriram Southerncrest
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 Hebbal – A New City in Making

Bangalore apartments Hebbal are very popular with home seekers in the Garden City, especially the retired personnel and families. Connectivity, the tourism factor, it proximity to the international airport, and the fact that it has a 150–acre lake in the neighbourhood has made Hebbal very popular. In fact, it has tipped the realty market of the IT corridor in Central Bangalore (Kanakpura Road, Mysore Road, etc.) and has taken the top spot for its own.

Bangalore apartments hebbal Bangalore Apartments Hebbal – A New City in Making

Bangalore Apartments Hebbal

Hebbal was once the indicative north point of Bangalore city known only for Hebbal lake, and Bangalore apartments Hebbal were almost non–existent. With Bangalore expanding beyond the neighbourhood, it has boded well for Hebbal. Hebbal’s transformation began with the construction and operations of Kempegowda international airport (28km) in between 2005 and 2008. Its strategic position and connectivity are Hebbal’s standout features. The Hebbal flyover connects the Bangalore Hyderabad road (a.k.a Bellary road) and ORR, making Hebbal accessible via all three roads. The area has a main BMTC bus stand and several options for public transport including rickshaws and cabs. The area also saw infrastructure growth on the account of it being served by the Hebbal railway station, with the Bangalore city junction railway station also just around 10km away. Hebbal’s growth curve as a city in the making was intensified after the area saw commercial activity. Its proximity to IT parks such as Manyata Tech Park and Kirloskar Business Park, and the proposed financial and IT city, aerospace SEZ and IT parks in Devanhalli triggered a spate of growth activity in the region, majorly contributing to the region’s success as a residential hub.

With green cover rapidly disappearing in metro cities, it is refreshing to see a 150 acre lake in the middle of a suburban neighbourhood. This is one of the major reasons for the popularity of Bangalore apartments Hebbal. One of the oldest lakes and spots in the city, Hebbal Lake, is an important tourist destination and the epitome of greenery, peacefulness and recreation in the neighbourhood. Today, it is one of the key drivers for real estate demand in Hebbal owing to the quietness and greenery cover it brings to the neighbourhood. Additionally, the social infrastructure in Hebbal is excellent. The region has many schools and colleges, hospitals and medical centres, banks and ATMs, hotels, restaurants and eating joints, grocery and convenience stores, supermarkets and shopping malls, etc., making it thoroughly self-sufficient.

Houses in Hebbal are spacious and affordably priced, at least compared to many areas within Bangalore city that lie close to Hebbal. Additionally, the prices have shown a steadily increasing trend with a massive infrastructure development taking place in the region. For instance, prices of multi-storey apartments six years ago were around INR 2,600/sq. feet, which have risen to almost INR 5,300–5,400/sq. feet today. Similarly, villas and bungalows are priced around INR 5,000–9,000/sq. feet, with an annual price appreciation being around 11–18% at least. With the metro making inroads in the neighbourhood with the proposed Phase III, Hebbal is sure to reach greater heights of glory.

luxor.shriramproperties.com - Shriram Luxor
hebbalone.shriramproperties.com - Shriram Hebbal-one
southerncrest.shriramproperties.com - Shriram Southerncrest
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 Electronic City Flats For Sale – Five Landmarks of this Area

Bangalore Electronic City flats for sale are finding many takers for their relatively lower priced homes, especially compared to those in the inner areas of Garden City. However, it is the social infrastructure that is catching the eye of home seekers, especially since it is the combination of great homes and excellent infrastructure that gives the best return on investment. Listed below are five landmarks of Electronic City –

Bangalore electronic city flats for sale 262x300 Bangalore Electronic City Flats For Sale – Five Landmarks of this Area

Bangalore Electronic City Flats For Sale

Crowne Plaza Hotel

The five–star Crowne Plaza Hotel is one of Electronic City’s crowning jewels and is located right in the very heart of the neighbourhood in Phase I. Housing 262 rooms, the Crowne Plaza is considered to be one of Bangalore’s best business hotels. It offers a complete range of services including business services such as conference rooms, wi-fi and business centres, and other guest services including currency exchange and concierge services. The establishment of this hotel gave a very big boost to the attractiveness of Electronic City as a commercial and residential destination.

Shriram Summitt and Signiaa

Bangalore Electronic City flats for sale re incomplete without mentioning Shriram Signiaa and Summitt. These are two of the few ‘affordable luxury’ apartment projects in Electronics City. Located around 5–6 minutes from the main Hosur Road, both projects have beautifully designed and well–thought out 1/2/3BHK flats with a host of amenities. However, the standout feature of both projects is their beautifully landscaped gardens complete with water cascades and acres of greenery.

IIIT-B

The campus of the International Institute of Information Technology in Bangalore shifted to Electronic City in 2003, making it one of the biggest and most well–known landmarks in the region. Offering specializations across the fields of science, business and hotel management, IT, commerce and arts, this institute located behind BSNL telephone exchange in Phase I is one of India’s top educational establishments.

Infosys campus

A pyramid shaped building, a 9-hole mini golf course, a glass eco-friendly façade and glassy interiors, a conventional library and amphitheatre, and a contemporary state-of-the-art recording studio – the variety of architectural styles employed on the Infosys campus is mind–boggling, to say the least. The Infosys campus, which is located just around 5 minutes from Hosur Road, has an enviable green cover and is perhaps the only IT company in Electronic City which has its own putting green with more than 6,000 plants and trees. It is one of the most iconic landmarks of Electronic City.

SIBM, Bangalore

Although SIBM Bangalore is only six years old, it has been able to establish itself as an excellent and sought–after management institute and has carved out quite a niche for itself. Ever since SIBM has come up in the heart of Electronic City in Phase I, it has managed to turn the tide in favour of residential real estate activity in the area.

It is due to the massive development that social infrastructure has seen that Bangalore electronic City flats for sale are now finding all kinds of takers, right from techies and entrepreneurs to business families and non–T industry professionals.

luxor.shriramproperties.com - Shriram Luxor
hebbalone.shriramproperties.com - Shriram Hebbal-one
southerncrest.shriramproperties.com - Shriram Southerncrest
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 Electronic City Flats – Sale Trends

Bangalore Electronic City flats, which were earlier mostly lapped up by techies are now being sought after by a wider range of the home–seeking population. Industrialists, entrepreneurs, and even the elitist group of Bangalore are now seeking homes in Electronic City. The IT hub, which lies around 18km from the city centre, was established way back in 1978, but has become a major commercial and residential hub after the LPG era began in the 1990s.

Bangalore electronic city flats 195x300 Bangalore Electronic City Flats – Sale Trends

Bangalore Electronic City Flats

Bangalore Electronic City flats have come up and developed slowly over a long period of time. Apartments also dominate the property market, making up almost 75% of the properties in the region. These are followed by plots and layouts and independent homes such as villas and bungalows. Right from the very beginning, property prices here have always been lower than everywhere else in the city, which is mostly attributed to the location of Electronics City on the ‘outskirts’ of the city, making it part of Greater Bangalore. Apartment prices around six years back in 2008 were averaging around INR 1,850/sq. feet, making Electronics City more affordable than the city’s nearby areas such as Koramangala and even HSR Layout. Moreover, the infrastructure development the place was seeing made it more popular than areas such as Bellandur, Gottigere, and even the area near the old HAL airport. One of the first aspects of social infrastructure to be developed was the road system. The Hosur Road, the NICE ORR and the Electronics City–Madiwala flyover catapulted Electronics City to newer heights of fame, especially since the travelling time between the city and the IT hub was reduced. Its proximity to Heelalige railway station and Silk Board junction gave a big boost to sale of properties in the region. The eventual development of aspects of social infrastructure including educational institutions, banks and convenience stores, hospitals, restaurants, hotels and resorts, places of worship and scattered parks and gardens gave further impetus to the real estate of Electronics City. With the metro expected to arrive in the region shortly, the popularity of Electronics City is expected to rise even further.

Hence, property prices and the demand for Bangalore Electronic City flats have always seen a steadily increasing trend in the last so many years. Apartment prices rose to INR 2,000/sq. feet in 2009, INR 2,200/sq. feet in 2010, and INR 2,500/sq. feet in 2011. After seeing a slight dip in the beginning of 2012, apartment prices again increased to INR 2,700/sq. feet at the end of 2012 and INR 3,000/sq. feet in 2013. Currently, the prices of apartments are in the range of INR 3,100–3,200/sq. feet, making Electronics City still more affordable than most of Bangalore’s areas.

The one issue is that the roads in many of the inner regions of the IT hub are broken and very badly maintained. With Electronic City now having come under a single industrial jurisdictional authority, the focus will all be on the infrastructure and economic growth of the region, giving the real estate of the region a big shot in the arm.

luxor.shriramproperties.com - Shriram Luxor
hebbalone.shriramproperties.com - Shriram Hebbal-one
southerncrest.shriramproperties.com - Shriram Southerncrest
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 Review – How Effective Is A Social Media Review?

It might come as a surprise to many that a whopping 80% of home seekers in the Garden City read Bangalore apartments review of projects before actually visiting them! Ever since the real estate industry has gone digital in the form of real estate portals, websites dedicated to the projects, their Facebook pages and Twitter handles, the many forms of social media have emerged as one of the most dominant and potent marketing tools for real estate professionals.

Bangalore apartments review 300x286 Bangalore Apartments Review – How Effective Is A Social Media Review?

Bangalore Apartments Review

Practicality and pragmatism are essential when it comes to home searching. Buying a house involves investing one’s entire life’s savings in it. The versatility of social media has already been demonstrated in various fields before it hit the real estate industry too. Today, the average home seeker in Bangalore would have at least checked out the property’s webpage, their Facebook page, and/or their Twitter pages and read some Bangalore apartments’ reviews by other home seekers who have visited the property with the intention of buying an apartment there.

Not only that, but even the real estate portal commonfloor.com has a public forum wherein people can not only post questions regarding the project but can also write their reviews and share them across social media platforms including Facebook, twitter, Google plus and even e-mail. Even the professional business–oriented social networking website LinkedIn has dedicated property pages that allows people to write reviews about the various aspects of the property.

Positive social media reviews end up helping both the developer and the home seeker. For instance, a positive Facebook review will grab eyeballs since it is a public forum. The home seeker who is reading the review will be encouraged to approach a particular project with a positive intention, not doubt clouding his mind. Additionally, these reviews also give home seekers a realistic idea about the location of the project, the price range and whether they can actually afford the apartment, the onsite amenities, the home specifications, etc.

Today, a number of home seekers looking for Bangalore apartments’ review are also turning to Propertyscamreview.wordpress.com, which rates many residential properties in the Garden City based on critical criteria such as builder’s track record, value-for-money, facilities and amenities, location, etc. The amount of faith and dependence being shown by home seekers on online reviews has encouraged this website constantly to upgrade its comparative study of properties across Bangalore. Right from Vaastu compliance of the apartments and the building standards to the quoted price range and the carpet area of the apartments, the website not only posts reviews but also allows for random discussions between home seekers so that they can discuss the aspects related to the building project. Other websites that are popularly referred to by home seekers for their reviews on projects in Bangalore are propreview.in, bricktip.com and homebuyersvoice.com.

Reviews on the above sites are trusted, especially since they involve home seekers helping each other make informed decisions. Today, a social media review can not only influence the buyers’ home-buying decisions, but it is also a powerful addition to the developers’ business marketing arsenal.

luxor.shriramproperties.com - Shriram Luxor
hebbalone.shriramproperties.com - Shriram Hebbal-one
southerncrest.shriramproperties.com - Shriram Southerncrest
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 New Launch – Types of Offers and Discounts

When it comes to Bangalore apartments new launch today, developers and builders have devised all kinds of early bird offers and discounts to lure home seekers to buy homes. Everybody wants a piece of real estate today, and the overall mood regarding home buying amongst buyers is rather upbeat. Developers are cashing in on this positive upswing and introducing all sorts of offers to get people interested in their projects.

Bangalore apartments new launch 221x300 Bangalore Apartments New Launch – Types of Offers and Discounts

Bangalore Apartments New Launch

One of the most popular and enduring offers to be introduced to entice home seekers to buy homes is the 20:80 subvention scheme, which was initially introduced to beat the slowdown in the industry a few years ago. It requires buyers to pay only 20% of the home’s cost upfront during the buying process, and pay the rest only during possession. Additionally, people who’ve invested in ‘under – construction’ properties in this scheme needn’t pay EMIs until possession or until a defined time frame. The advantage is clear, but the buyer also stands to lose more if the project gets delayed, since EMI payments will begin irrespective of construction status. Another scheme to be introduced is the warranties of the flats bought in Bangalore apartments’ new launch. Warranty periods range from 1–3 years for flats with electronic appliances to as high as ten years for a flat with waterproofing.

However, the glitch here is that the warranties being advertised are for the aspects within the apartment, not on the construction–related aspects of the apartment. The newest thing to be introduced is warranty on paint jobs, including peeling, flaking or fading of paints, and growth of algae and fungus on the walls.

Other regular freebies being offered by builders and developers across Bangalore include fully furnished apartments, foreign holidays and luxury tour packages, high-end luxury cars, membership to elite clubs, no charges for parking spots, and even 10–100 g gold coins and tickets to the tennis championships. However, since buyers have become extremely price sensitive in the last two years, builders and developers have changed their tactics and are moving away from the freebies such as cars and holidays. Instead, they are offering packages that ease the financial burden of the home seekers such as waiving stamp duty, registration charges and service tax amounts for them. As per industry norms, builders should construct and sell flats within a period of 36 months, a process that currently takes almost 72 months. It is due to this pile up of inventory and high-interest rates that builders are resorting to these schemes to dispose of flats.

However, what experts believe is that instead of offering these extra freebies, builders of Bangalore apartments new launch should be offering cash discounts or should be slashing their rates. A cash discount of even 1–3% on a house of INR 30 lakhs will translate into almost INR 1–3 lakh saved for the buyer. That will get most of the buyers sitting on the fence waiting for rates to fall to come forward and invest in homes.

luxor.shriramproperties.com - Shriram Luxor
hebbalone.shriramproperties.com - Shriram Hebbal-one
southerncrest.shriramproperties.com - Shriram Southerncrest
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
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