If you are going to buy an apartment, you will have to put in a lot of effort. Putting money into an apartment is a huge investment, which can eat up all your savings. The same is true if you are looking to buy an apartment in a big city like Bangalore. Below are some things you can consider when buying an apartment in Bangalore.
Legality
Before creating a list of good options, don’t forget to find out if the property plans are approved by the Karnataka government. Plans must comply with laws and must adhere to the original plan.
You can find ads for apartments in Bangalore. When you read the ads, don’t forget to check the fine print. You should discuss the matter with the developer and ask for the government-approved document such as authorization certificate.
reputation builder
Don’t finalize the decision unless you’ve done your homework to make sure the builder is reputable. His previous projects can tell you a lot about his reputation. Also, you can check out customer reviews to better understand what kind of builder they are.
project rental
Since you will be staying in the apartment for years to come, make sure the apartment is built with future needs in mind. Since Bangalore is an IT hub, almost every part of the city has undergone significant development.
Therefore, you may want to buy your apartment in an area that is not far from the city center. Also, your apartment should be close to banks, public transportation, schools, supermarkets, and hospitals.
Mod cons
You may want to find out about the facilities that the builder offers. Many developers display a fake list of services to attract as many buyers as possible. But what you need to do is consider the big picture and check everything first.
apartment area
Before proceeding with your purchase, you may want to understand the different terms related to the area of the apartment. Here are some common terms you should understand:
Carpet Area: This term refers to the actual area of an apartment in a city.
Built-up area: This term refers to the total area covered by the area of the carpet and the area covered by the walls of the apartment.
Super Urbanization: The term refers to the area obtained by adding the common area and the urbanized area, which will include an elevator, elevator lobby and corridor. Builders sometimes include other amenities such as a clubhouse, garden, and pool.
Usually, the price of land is calculated based on the overbuilt area. Before buying the apartment, do not forget to consider the method of calculation.
Budget
Before looking for an apartment in Bangalore, you need to set a budget. Also, you should consider current market prices before investing in real estate. Before finalizing the property, please also consider additional prices such as water supply charges, transformer charges, electrician charges, loan processing fee, stamp duty, registration fee, service tax, parking space fee, etc. parking and club membership fee, just to name a few.
The actual cost of your property will be the sum of all these expenses. Find out what the additional costs are for the apartment before finalizing the deal.
So if you are going to buy an apartment in Bangalore, make sure you consider these things.