Why Buying Flats In Hsr Layout Is A Good Investment Bet

HSR Layout is one of most favored destination in India property Bangalore. The area is positioned in between Hosur Road and Sarjapur Road and it is in Southeast Bangalore. Let's understand why property in HSR Layout is selling like hotcakes.

Location benefit: Many people look to buy flats in HSR layout as the Outer Ring Road stretch includes many IT parks as well as SEZs (Special Economic Zones). The area also houses many renowned educational institutions, entertainment centers, Shopping areas, etc. End-users look to buy an India property Bangalore over here as staying in HSR Layout offers convenience.

Infrastructural Development: The area has excellent roads and staying in property in HSR Layout means enjoying excellent bus connectivity, excellent infrastructural development and high rental returns.

Connectivity: The area is well connected and offers easy accessibility to other parts of Bangalore. Before buying properties in India the first thing that people look for is location and its connectivity. This area s well connected and hence people prefer to buy property Bangalore here.

Rental Perspective: Flats in HSR Layout can earn anything between Rs 16000 to 30,000 per month. The rental values in the area have gone up by 20% in the last 2-3 years. This makes this India property Bangalore an excellent investment bet for investors who are looking to earn good rental income. Also since many IT parks are located in close proximity many people prefer to pay more and stay close to their offices. Properties in India which are located near commercial and office areas always earn more rentals.

High Real Estate Activity: Like most of the property Bangalore the flats in HSR Layout have witnessed high real estate activity in the last few years. Property in HSR Layout is in high demand from IT /ITES professionals who work in Electronic city, Marathalli, ORR, Bellandur and Sarjapur Road.

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.

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