Who Is To Be Blamed For All The Mess In Bangalore?

Recently the investors of property in Whitefield and other property in Bangalore were shocked when the city was flooded. As a correction measure the state government decided to demolish illegal residential property in Bangalore. Who is to be blamed for mushrooming of Bangalore property?

Business opportunities and jobs have attracted migrants to the city. This raised the demand of property in Whitefield and other property in Bangalore. However migrants cannot be blamed for the same as they are not responsible for Bangalore development and maintenance. It is the politicians and civic authorities who have to look into the matter the migrants are playing taxes and yet they are surviving by buying everything from water to drink, diesel for electricity, etc. Some people are even employing private companies for garbage collection. People who have bought residential property in Bangalore are complaining about apathy of the government.

Hundreds of Bangalore property has been created without proper town planning. There is no proper drainage system and as a matter of fact most drains are blocked by mud and wastes. Concrete road drains constructed without sedimentation holes are just elevating environmental disasters as ground water level are dipping each year. Also the land mafias are also filling lakes and other water bodies with soil so that they can claimed as lands which need to be developed.

Experts however also partially put the blame on owners of property in Whitefield and other property in Bangalore. A number of owners of Bangalore property have converted their garages and parking lots into commercial establishments such as beauty parlor, boutiques, doctor’s clinics, stationary shops, etc. as a result one sees clogged roads as cars as well as two wheelers are parked either on the footpaths or on the roads. Such practice should be strongly discouraged and owners of residential property in Bangalore who are indulging in such practices should be severely penalized.

Bangalore builder to pay for delay in flat possession

Bangalore Property at Makaan.com

In a landmark judgment in Bangalore realestate  Karnataka State Consumer Disputes Redressal Commission has asked a leading Bangalore realestate developer to pay a a substantial amount of cash for failing to give a possession of residential property in Bangalore within the stipulated time. The developer of realestate in Bangalore has been asked to pay an interest of 15% on the cash that was paid by the purchaser towards the sale of residential property in Bangalore.

According to the complainant the purchaser had bought residential Bangalore property . He was promised that the possession of flat in real estate in Bangalore India would be given in January 2003. He had requested the builder to merge the 2 flats of 1,150 square feet each and provide him with a larger flat which measures 2300 square feet. A sale deed was signed for the same, but when the developer of real estate in Bangalore, India failed to give him possession even in 2010, the complainant had to approach Karnataka State Consumer Disputes Redressal Forum.

The commission asserted that it is clear that the two parties had entered in a sale agreement in 2001. The complainant had paid builders of realestate in Bangalore an amount of  Rs 11.5 lakh, and the balance was to be paid in the year 2002. The purchaser had asked Rs 20 lakh as a compensation amount apart from seeking directions that the developers of real estate in Bangalore India to execute the deed. The commission has said that the delay of the property site was intentional and it has asked the builders to execute the sale deed of the 2,300 square feet property site within a month. The commission has also asked the builders to pay 15% interest on the money given by the purchaser alongwith Rs 2,000 as litigation expenses within a month. Makaan.com is India property sites that deals with real estate India. The property site lists India property and property in Ahmedabad.

Investors eyeing to invest in Bangalore property

Bangalore is a lovely city with pleasant weather and geographical location. The excellent connectivity and job opportunities make the city a highly preferred destination to live in. With people searching for properties to settle down in the city the demand for Bangalore property has increased both in the domestic and global realty market.

Although the city has witnessed a demand of property, buying a property in Bangalore has become costlier. The city’s residential real estate market has grown over the years and recently more than 35,000 residential units were launched to meet the housing demand.

Bangalore property is considered to be lucrative and so it attracts investors both within the city and overseas. With the launch of residential units the absorption rate has also increased. Among the various locations of the city, South Bangalore has witnessed the highest number of new launches. The areas attached to the outer ring road are some of the prime residential locations that working class highly prefer because of the excellent connectivity to the offices.

The North Bangalore is preferred for both office and residential space. In this region, construction of various housing is in the pipeline. As more major developers are entering the real estate market to meet the housing demand it is expected that the prices will be slashed which in turn will benefit home buyers.

With the coming of new infrastructure projects, the value of Bangalore properties has escalated. Moreover, the government is also framing policies and infusing crores of rupees to boost the infrastructure of the city and improve the standard of living. However, it is a known fact that with the new infrastructure projects with shoot up the value of the Bangalore property.

According to reports, the city is best for expatriates to live in. Expats always prefer for rental flats Bangalore  so that they can easily shift in the future without hassle. Moreover, with the coming of new multinational companies setting their corporate offices in the city the demand for rental flats in Bangalore has increased.

Buyers have become cautious and instead of relying on real estate agents, they are searching for flats in Bangalore with the help of realty websites. The realty portals let them browse for properties, developers and compare prices according to the budget.

Bangalore property has emerged as a favorite investment destination for investors. With premium villas and luxury flats are coming the value of the properties are expected to increase manifold.

Investors eyeing to invest in Bangalore property

Makaan.com

Bangalore is a lovely city with pleasant weather and geographical location. The excellent connectivity and job opportunities make the city a highly preferred destination to live in. With people searching for properties to settle down in the city the demand for Bangalore property has increased both in the domestic and global realty market.

Although the city has witnessed a demand of property, buying a property in Bangalore has become costlier. The city’s residential real estate market has grown over the years and recently more than 35,000 residential units were launched to meet the housing demand.

Bangalore property is considered to be lucrative and so it attracts investors both within the city and overseas. With the launch of residential units the absorption rate has also increased. Among the various locations of the city, South Bangalore has witnessed the highest number of new launches. The areas attached to the outer ring road are some of the prime residential locations that working class highly prefer because of the excellent connectivity to the offices.

The North Bangalore is preferred for both office and residential space. In this region, construction of various housing is in the pipeline. As more major developers are entering the real estate market to meet the housing demand it is expected that the prices will be slashed which in turn will benefit home buyers.

With the coming of new infrastructure projects, the value of Bangalore properties has escalated. Moreover, the government is also framing policies and infusing crores of rupees to boost the infrastructure of the city and improve the standard of living. However, it is a known fact that with the new infrastructure projects with shoot up the value of the Bangalore property.

According to reports, the city is best for expatriates to live in. Expats always prefer for rental Bangalore flats so that they can easily shift in the future without hassle. Moreover, with the coming of new multinational companies setting their corporate offices in the city the demand for rental flats in Bangalore has increased.

Buyers have become cautious and instead of relying on real estate agents, they are searching for flats in Bangalore with the help of real estate websites. The realty portals let them browse for properties, developers and compare prices according to the budget.

Bangalore property has emerged as a favourite investment destination for investors. With premium villas and luxury flats are coming the value of the properties are expected to increase manifold.

Buying a property in Bangalore is no more a distant dream

Bangalore property continues to be a promising real investment destination for investors. Some of its areas are known to be most expensive in India compared to other metros. But the good news is that Bangalore still remains the most affordable residential market. And so Bangalore flats are highly preferable investment options.

Since the demand for flats in Bangalore is shooting up, it is a good idea to go for house hunting and invest in it. Your efforts might pay well if you are able to find a potential property. However, the best time to find house is on a rainy day. The demand for properties in the monsoon is less. During this season, the number of enquiries decline and developers offer attractive deals to customers. They even show their willingness to negotiate on property rates and give home buyers the best deal available.

During this season, it is seen that developers try to attract customers by offering discounts on their usual offers and reduce inventory levels. Many developers come with schemes such as no pre-EMI, zero booking amount or at the time of booking they are asked to pay a fixed percentage of the price on Bangalore flats. Other additional offers are free furnishings, free parking, cash discounts and more. Smart investors take the advantage of such offers because they can save a considerable amount of money from such offers. However, you should note that the discounts and offers vary depending on the developer and project.

But hunting for a house could be a painful experience during this season. However, taking the advantage of realty websites you can make your search easier and find a good property in Bangalore or luxury Bangalore flats at a reasonable price. The realty sites help you connect to owners/developers of the flats in a simple way. Home buyers could check the flats through the pictures uploaded on the site whether the flats are in a good condition or need maintenance. With all these advantages, one could easily assess whether a flat is suitable to live or is it a good investment option.

According to reports, more than 77% of Bangalore is the under-construction units and the prices usually start with Rs30-40 lakh. Only 5% of the under-construction flats costs over Rs one crore.

Taking the help of realty sites, one can also find developers who offer easy finance with the help of bank. To know more about bangalore properties view at www.makaan.com