Which is a better investment option, villas or flats?

Here are some important features you need to know before making decision whether it is a Villas or flats. It's very important to take a good decision because nowadays investing in a property, house, villa or an apartment has become a quite huge investment in a lifetime. A middle-class people can invest only once in a lifetime so take certain measures before investing in a property, because of its a hard-earned money.

General features of Apartments

Apartments in Bangalore have increasingly become the most supplied property type across cities in India. Their popularity can be attributed to reasons including but not limited to contemporary looks, modern-day amenities, and better security. In addition, issues pertaining to water and power supply, and maintenance are usually taken care of by the developer. Thus, if you are buying a property for end-use, apartments might prove to be the best option unless you want the liberty to design your own house. As these units are easily available, you also have plenty of options to choose from, depending on your budget, location and other preferences.

Investment in Apartments

In case you do not plan to occupy the flat immediately, you may put it on rent and revoke the burden of EMIs if you have availed a home loan.

Another advantage of investing in an apartment over a plot or a house is its higher resale value and a wider buyer base. As demand for these units is usually the highest among all property types, it is relatively easier to find a buyer for your apartment than for an individual house or a residential plot.

General features of Villa’s or independent houses

Independent houses or villas are preferred by those who want the privacy of an independent unit but also want to avoid the hassle of constructing a home. One of the major drawbacks of these units is the lack of security and power and water backup, which is usually offered by society complexes. However, today, developers are offering these units in gated communities with the individual as well as shared amenities.

Investment in House or a Villa

When it comes to independent houses or villas, capital appreciation might not be as high as a plot or even an apartment. This is largely due to the high initial capital involved and the limited demand as compared to apartments.

Monthly rents for such units are usually way higher than apartments. However, due to the high price tag associated, it is difficult to find tenants.

If you looking for flats for sale in Bangalore you can visit builders and developers in Bangalore. So that you have an complete idea do’s and dont’s.

For more information Visit: https://www.onebangalorewest.in/, https://www.kessaku.in/

What are the ups and downs of living in a flat?

Apartments have long been an attractive living option for many of those who either can’t afford to or just don’t want to live in a full-scale house.

They come with a range of benefits, and in the midst of an economy that can be hard on those looking to buy a home, they could be a more viable option for people with smaller incomes. A few common benefits of apartment living include:

Pros for living in an apartment

• Less maintenance: Nearly all apartments, most maintenance is covered and taken care of by the landlord or the body corporate, making one less major worry for you when that leaky pipe finally splits. Apartment owners may still be responsible for some of the non-structural maintenance of the space they own.
• Amenities: living in an apartment complex can bring access to a large array of amenities that you might not get after buying a home. This potentially includes things like a common room, swimming pool, communal barbeques, a gym, covered parking, and a security system.
• Well-suited for living alone: – the smaller space and simplicity of an apartment can be ideal for those living alone who want less space and smaller bills.
• Bills and fees – apartment living can cost you less in terms of heating, cooling and other utilities such as water and electricity.

Cons for living in an apartment

• Smaller living space: one major disadvantage of apartments is that they’re generally smaller than the average house. While this means you’ve got less space to clean, for some people that’s only a small consolation for less living space, particularly for those who like to entertain.
• Privacy and noise – due to the crowded nature of apartment buildings, the privacy afforded by apartment living can be less than that of living in a house. You might overhear someone speaking (or singing, or shouting…) in the apartment next to yours, or they might hear you. This means that being impacted by excessive noise, and even in some cases cigarette smoke from other residents is entirely possible.
• Personalization – Because most apartments are overseen by body corporate, the extent to which you can modify and personalize your apartment is potentially limited and may require body corporate approval.

So while apartment living may be well suited to some, there are some notable disadvantages you might want to take into consideration before you choose an apartment over a house. If you are looking to buy apartments in Bangalore visit Phoenix kessaku which is Marvellously designed ultra-luxury high-end apartment.

For more information visit: https://www.kessaku.in/ , https://www.onebangalorewest.in/

Which do you think is better, flats or homes?

Once you have made up your mind to buy a home, the next question that comes into our mind is “Should I buy an independent house or apartment ?”

If you are looking to buy apartments in bangalore or apartments in bangalore for rent. I suggest you buy the apartments themselves do not look out for rent because you can pay EMI itself instead of rent with the same budget.

ADVANTAGES OF AN APARTMENT

• One of the key advantage of an apartment is security for your family members in the event you are traveling or for the expensive household goods.
• Facilities such as power and water backup, uninterrupted supply of cooking gas would help you to live a hassle-free life. The scarcity of power and good water is becoming a serious problem in most top cities and the problem is expected to escalate more in the future.
• An apartment which is part of a large development will have a well-maintained garden and landscaping as part of the complex. This will provide space for you and your family to take a stroll and relax.
• Club facilities will provide you access to the gym, sports, swimming pool etc which will help you to lead an active and healthy life – a must need in the current high-stress environment.
• Services such as a plumber, electrician are available on call (from the society) which will help to reduce the hazel of maintaining your home.
• If you own an apartment and you get transferred, some societies help the apartment owners to rent out the apartment which will enable you to generate revenue from the asset with limited efforts.
• No war of words with the neighbor for parking space which has become a daily phenomenon in the larger cities. The parking slots are well defined and allocated in case of flats.

ADVANTAGES OF INDEPENDENT HOUSE

• An independent house provides you greater degree of freedom.
• Ability to design the house as per your wish.
• Future modification of exteriors as per the latest trends and wishes.
• If you have a keen interest in gardening then you would have a space to build on your interest or grow your pets.
• More privacy with no more problems with regard to sound sweepage.
• You can always expand the space as per requirement in the future when your children grow up.
• You can develop higher floors when you want to make some additional income through rent.

If you are looking to buy flats in Bangalore you would be having more choices of locations like near Metro stations, Railway stations, Bus stops where you would get easy access to travel easily.

For more information Visit : https://www.kessaku.in/ , https://www.onebangalorewest.in/

When should I apply for an apartment?

I recommend starting your search 30-60 days before your desired move-in date. The inventory will be up to date during your search, and you’ll be ready to move in fairly soon once you find something.

Finding an apartment online is becoming the norm, so it’s no surprise that property managers and landlords are spending a lot more time advertising their rentals online. In the same vein, they’re also creating more detailed descriptions of the property so buyers can get a better idea of the unit without having to tour it. By reading through an apartment’s description, you can learn about the amenities offered, whether or not it’s pet-friendly, and, most importantly in this case, its availability.

Once you know when you want to move in, it’s helpful to know what you’re looking for a property in Bangalore. Having priorities, requirements, and even a checklist of what you want in your next place will help narrow down your search. Consider which of the following amenities you need and which you could live without.

• Parking space
• In-unit laundry
• Dishwasher
• Backyard/yard for pet
• Swimming pool
• Elevator
• Fitness center
• Resident lounge/common space

Next, do your research. Think about which neighborhoods you could see yourself in and which ones are off the table. You’ll want to factor in:

• Budget
• Commute to work
• Favorite places/hobbies and interests
• Public transit
• Cafes, grocery stores, restaurants

An apartment that is close to your work, but far away from all your favorite weekend spots, might not be the right choice. Decide what your definition of the ideal apartment is, then narrow down (or broaden) your search as you go.

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What factors should consider while buying flat?

Investing in a new house or Ultra Luxury Apartments in Bangalore is one of the most crucial decisions of your life and is probably an idea you have been nurturing since a very young age. Years of saving and years of planning cannot be let go at the right moment when you make the final decision. Hence, you are required to keep all possible points in mind before you take the leap and make a selection. Although some of the key factors to be considered while zeroing in on a new flat or house is location, possession date and price, there are some more precautions while buying a new flat:

Property Price: The first step in selecting a house or a flat is to fix a budget. It makes it easier to shortlist a house if you know how much you are willing to spend on it. Portal listings, brokers of the area or newspaper listings are such sources.

Flat’s Carpet Area: Usually, a property’s area or the super built-up area that is listed is the entire area including shafts, elevator space, stairs, the thickness of walls and others. However, the carpet area is the actual area within the walls of the flat.

Land Record: The land on which your flat is built is very crucial. You must research the soil quality and topography of the land on which the house is constructed. The plot should also be clear of all dues and be registered.

Legal Check of Property: Ensure the property is legally authorized to be constructed on the plot it stands on. The developer should have approvals and NOCs from Area development authorities, water supply and sewage boards, electricity boards, and Municipal Corporation.

Apartment Possession: It has become a trend of delayed possessions of flats owing to delay in commercial and residential plans. As a buyer, you should have a clear estimate of the timeline for possession.

Financing Banks: You should be aware of the banks that are willing or not willing to finance certain builders. Owing to a bad reputation, some banks do not offer loans to some builders.

Builder-Buyer Agreement: When you select a flat or house of your choice, you can book the same by giving a token amount, in return of which you get an allotment letter. Then, a tripartite agreement is entered upon between the buyer, the bank and the builder for the rest of the amount. This agreement should be read and understood in detail before signing it.

Location of the Flat: Not to forget, it is important to look around the area where you are going to be eventually residing in. The amenities, physical infrastructure and reach to all the basic places are important to be analyzed. The flat should be in a safe and secure place, offering some security to families living in the flat.

Hidden and Additional Charges: Ensure that all the clauses of the documents are read in detail and penalty clauses are understood. The builder is required to pay you a monthly penalty in case you do not receive the flat’s possession within the grace period.

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Does the real estate market always go up?

Property prices across India’s major markets are expected to rise in the second half of this financial year as sales momentum is expected to pick up the pace with an increase in demand.

he downtrend in prices was arrested with some markets witnessing an increase in demand. “In the past five years, bigger residential markets like Delhi and Bengaluru saw a marginal dip in average property prices while Mumbai, Pune, and Hyderabad witnessed 2-3% rise in average prices.

According to the report, and it is expected to be one of the fastest-growing residential markets in the current fiscal. In the last quarter of the previous fiscal, Bengaluru witnessed the highest growth with 4% quarter-on-quarter increase in total sales to around 8,800 while Delhi saw 3.5% growth.

Sales volume is coming back and, despite the flattish market, we have seen price moving up in our projects. In the current fiscal we expect prices in the existing and upcoming projects to see higher than inflation growth.

To give a boost to the sector, the government and the Reserve Bank of India are taking positive steps. The RBI has cut rates twice in 2019 to bring down repo rate to 6%. “The central bank has shown a positive stance by announcing a reduction in key lending rates.

For more information visit One Bangalore West| Phoenix.

What sets luxury apartments apart from regular apartments?

The regular apartment segments continue to be a popular choice with the middle and salaried class. Experts watching the real estate space are extremely optimistic about the demand for both segments. While luxury apartments raise the bar on comfort, convenience, and quality, regular apartments come with their own advantages. Statistics show that more than 60% of first-time homebuyers continue to opt for regular apartments.

Cost

1. The price of a luxury apartment can be in the range of Rs 1 to 4 crores, depending on the amenities. Add to that an annual appreciation rate of 3% to 7%.
2. As for rentals, luxury apartments fetch over 40% higher rentals than regular apartments.
3. In cities like Bangalore or even Pune, regular apartments are in high demand owing to the large middle-class pool. The price usually ranges from Rs 40 lakhs to Rs 90 lakhs, depending on the location and amenities
4. The annual appreciation of these properties ranges between 2% and 4%.

Investment value

1. Luxury apartments in an upscale neighborhood is a performing asset.
2. The rental value for luxury apartment owners is a 40% premium compared to regular apartments.
3. For investors, regular apartments deliver consistent rental income as they are more popular among the floating population who prefer affordable and smaller spaces.
4. Price volatility is is more in luxury apartments in Bangalore, with prices fluctuating between both ends of the spectrum. Regular, mid-segment apartments continue to have steady pricing and are an attractive option for all.

Space

1. A luxury apartment spreads over more than 1800 sq ft, accommodating a 2, 3 or 4 BHK space.
2. Expansive kitchens, maid quarters, attached balconies or a party space can be a part of it.
3. Regular apartments can range from 700 to 1200 sq ft and are mostly compact units housing all under the same roof.

Amenities and comfort

1. You are spoilt for choice – from roof-top private pools, Juliet balconies, helipads to canopied walkways - a luxury space offers lifestyle amenities that let you live life king-size.
2. Another hallmark of luxury apartments is its top-of-the-line construction materials and fittings.
3. Regular apartments offer standard amenities like power back-up, swimming pool or a functional gymnasium, for all its residents.

Highly secure living spaces

1. Luxury apartments have higher levels of security. Emergency buzzers, intercoms, fire chutes, and top-of-the-line security installations ensure a stress-free life.
2. Many high-end apartments provide solar generators, home automation, accident, and medical emergency relief rooms, natural disaster bunkers and safe rooms in case of terrorist attacks.
3. Regular apartments offer collective installations, power back-up, and secure access through electronic cards or guards. These apartments have a shoestring budget for security and depend mostly on outsourced agencies.

Conclusion: While it’s hard to fathom which side the scale tips, the demand for both luxury and regular apartments are on the rise. But ultimately your choice of a home remains an eclectic mix of emotions and economics.

For more information Visit: PHOENIX | High-end premium apartments in Bangalore

Which are the super luxury apartments in Bangalore?

Bangalore remains to be one of the most sought after cosmopolitan cities in India. Best known for its ability to make everybody from all over the world feel at home, Bangalore is home to some of the most well-recognized colleges and research institutions in India. Currently, numerous public sectors, software companies, aerospace, telecommunications, heavy manufacturing industries, and defense organizations have lent it a pre-eminent position in Pan India.

The city has an eclectic spirit and has always attracted talents from all over India and even from the global scenario. A city with cosmopolitan culture, as you step into the city you will feel it pulsating with you. Not only is it vibrant because of the jazz festivals, fashion trends, it is also, known as the Silicon Valley of India, but it is also demographically diverse and soon emerging as a major economic hub and the fastest growing metropolis in India.

To visit the Top Super Luxury Apartments in Bangalore

Phoenix Mills is a 100+-year-old company that has established a distinctive presence in 8 cities with close to 17.5 mn sq ft in retail, entertainment, commercial, residential and hospitality assets spread over 100 + acres.

Phoenix mills own and operate The Phoenix Marketcities and commercial centers In the cities of Pune, Bangalore, Chennai, and Mumbai.

Phoenix group is poised to carve a niche in the booming Indian real estate sector and Its currently developing premium luxury Apartment projects in Bangalore.

For More information visit: PHOENIX | One Bangalore West

Which is good locality to stay when you are in Bangalore?

Bangalore remains to be one of the most sought after cosmopolitan cities in India. Best known for its ability to make everybody from all over the world feel at home, Bangalore is home to some of the most well-recognized colleges and research institutions in India. Currently, numerous public sectors, software companies, aerospace, telecommunications, heavy manufacturing industries, and defense organizations have lent it a pre-eminent position in Pan India.

The city has an eclectic spirit and has always attracted talents from all over India and even from the global scenario. A city with cosmopolitan culture, as you step into the city you will feel it pulsating with you. Not only is it vibrant because of the jazz festivals, fashion trends, it is also, known as the Silicon Valley of India, but it is also demographically diverse and soon emerging as a major economic hub and the fastest growing metropolis in India. The city accommodates everyone so that everyone despite their origins can happily co-exist. You can buy flats in Bangalore for lower prices with all the benefits.

The following are some of the popular destinations where you can find flats in Bangalore:

• Yashwanthpur
• Malleshwaram
• BTM Layout
• HSR Layout
• Koramangala
• Indiranagar
• Nagwara
• Manyata Tech Park
• Marathahalli
• Jayanagar
• Harlur
• SG Palya
• Sanjay Nagar
• RR Nagar
• Thanisandra
• JP Nagar
• Whitefield
• Electronic City
• Bellandur

As per my suggestion, for all the facilities the preferred location is yashwanthpur and if you are looking to buy any property in Bangalore then please visit: PHOENIX | One Bangalore West | High-end premium apartments in Bangalore