Buying Houses in Bangalore

Home is among the basic necessities of life for everyone in the world. It has today attained a new meaning by traversing the path of being a style and status symbol. The immensely known scope today in Indian real estate is of international standard homes at cost effective prices. The current buzzword of realty in India is that of 'affordable housing' as all the leading property builders of the country are targeting the middle and lower class segments.



With the revival of Indian economy after the global recession, the boom in real estate in India has bounced back. The real estate industry of metro cities like Delhi, Mumbai, Bangalore, Hyderabad, etc. had had a sharper fall during the slowdown. But now after a year and a half, all these cities seem to be picking up pace and recovering with a bang. Property market in Bangalore, especially the residential segment seemed to have gained a lot of attention after the economic meltdown.



Real estate in Bangalore or Bengaluru (the new name) is flourishing greatly. It has once again become one of the upcoming realty destinations of the country post recession. The capital of Karnataka, Bengaluru is the nation's leading IT exporter and widely known as the 'Silicon Valley of India'. It houses almost all the leading software companies of the world and has been a technology hub for nearly a decade now. Therefore, for obvious reasons, it will always have an extremely high demand for housing as lots of professionals migrate to this technology capital every year.



Another reason for popularity of property in Bangalore is the low home loan rates given by banks to lure the property buyers. It has helped pull in large number of realty investors in the city, thus, making it rank among one of the most sought after property destinations. Though most popular in the housing sector is apartments, every part of residential property in Bangalore, from apartments to villas to deluxe houses to flats, has high demand.



So, what is it that you should keep in mind while buying a house in Bengaluru. Let's take a look at some of the most important things to be considered while investing in Bangalore's residential property.



-The most important thing to be kept in mind while buying home/ flats in Bangalore or elsewhere is to never think that you should buy a smaller house today as you can always buy a bigger one later. This is something highly impractical and extremely difficult because if you can't buy a bigger house today, you can't buy it some years later either. So, it is extremely crucial that you buy your new home according to your growing need in coming years.



-It is important to check the amenities provided in the apartment or house you are buying. Today's lifestyles embody luxury and style and so, developers are creating integrated townships with health clubs, swimming pools, playgrounds, etc. Make sure you are able to avail all these facilities as you have to pay for them even if you don't use them regularly.



-Another important thing to remember before investing in residential properties is to calculate the amount of loan you can avail. Know your EMI amounts, interest rates, other things like pre closure, insurance, tax exemption, loan disbursement, etc. The clarity of these things helps in avoiding any trouble in later stages.



Real estate in Bangalore is the new realty destination for both property developers and property investors. There are plenty of projects under construction as well as slated to be launched soon by leading property builders. Bangalore is definitely a favorite for investment in residential property.



Deepika Bansal writes on behalf of 99acres.com, which is an internet portal dedicated to meet every aspect of the consumers needs in the real estate industry. It is a forum where buyers, sellers and brokers can exchange information. At 99 acres, you can advertise a property in India , search for a property, browse through Bangalore Property & other Properties.