Will Real Estate prices go higher in Bangalore in coming months?

The Bangalore real estate sector continues to be a favored destination for Indian as well as Global investors. Bangalore currently employs the largest chunk of IT professional, a population which is bound to increase with recent trend of startup success and growth plans of existing IT majors. The Bangalore population will surge in the coming years, which, coupled with growth in employment, education and health care, will push the demand for residential and commercial space.

There are few other factors which will push the price higher, now is the best time you can buy an affordable property and save yourself from price hike. CMRS properties, builds houses which are appropriate priced to fit your budget and to add to your lifestyle at the same time.

Market Demand and Higher Input Costs:

The traditional mutual fund, shares buyers are now keen to invest and reap dividends from the real estate market growth. These factors will increase the demand and hence the prices are going to go higher than normal inflationary price rise. Also, the construction cost has increased by 40% in two years, this eliminates any scope for reduced prices. Banks' reluctance to lend to real estate companies has led to increased cost of borrowing, adding to the overall cost. In fact, these factors will also result in an increase in prices in improved market conditions.

NOW AND THEN

Things that happened in 2013

Cabinet approves land acquisition bill
Sebi releases draft Real estate investment trust (REITs) guidelines
RBI bans buying property abroad
Lodha buys Rs 3000 crore property in London

Things that are happening in 2014

Developers, owners are launching REITs
Residential sales are improving, prices are about to rise
Vacancy rates in office properties to rise
Demand for properties to rise in IT capital

As things stand, it is wise to invest in real estate right now. Also, you should choose a trusted partner like CMRS properties (www.cmrsproperties.com) for better return on investments.

For any property advice, free legal advice and any other assistance while buying a property, feel free to call at +91-7676-122-000 or send an mail to info@cmrsproperties.com

Buy or Rent, What should you do?

The choice between buying a home and renting one is among the biggest financial decisions that many people in bigger cities need to make. But the costs of buying a home scares many people off when they compare the EMI with their current salary. It may not be always true as with the tax benefits your effective in hand salary increases and your balance salary after EMI instead of rent does not reduce much. Also the decision to buy becomes easier if you choose to buy from CMRS Group, which offers CMRS Royal Orchid, luxury smart, green homes starting from 33 lacs and give the possession to you in little more than a year.

Buying Cost
Initial costsare the costs you incur when you go to the closing for the home you are purchasing. This includes the down payment and other fees.Recurring costsare expenses you will have to pay monthly or yearly in owning your home. These include EMI payments, maintenance and renovation costs, property taxes and homeowner’s insurance. Property taxes, the interest …

Row Villas are a New Fashion in Bangalore Realty?

Villas continue to be a dream home for many, but they remain pricey at good locations. People choose to buy high end apartments instead, but Bangaloreans are queuing up to buy Row Villas which are located at premium locations and costs the same or lesser than high end apartments. For example, CMRS Couryard (http://cmrsproperties.com/views/courtyard.html), located at Varthur main market near Forum Value Mall is a big hit among buyers.

Row houses Properties come in the category of urban homes, which are located in the same area and are coherent with each other in architecture, design, and appearance. Row villas are premium segment of row houses. The row houses segment, though less in the overall market size, saw the highest increase in sales velocity in Bangalore with a rise of 23 per cent and only 9.4 months inventory. A clear indication of the growing demand for this type of property.
Advantages of Row Villas: Costs less than villas with private gardens providing the higher luxury for p…

Occupation Certificate (OC), the Hot Item which is rarely SERVED by Builders

Do you know the BDA had sanctioned the building plan and issued CC and OC for Mantri Tranquil project, but BESCOM disconnected the electricity finding the violations?

The reason, the BDA ignored the fact that the project was within BBMP limits and that the two blocks of the Mantri Tranquil were built on the storm water drain! The fact remains that the property buyers don't know the importance and meaning of occupation certificate in its true sense. This information asymmetry allows a builder to take customers for a ride.

It can be assumed and granted that the small budget homes will be made with little deviations and occupation certificate for the same should not be expected. Such homes have to wait for akarma sakarma to pay the penalty and regularise the construction to get the occupation certificate.

But how can you forgive the builders, who charge upwards of 75 lacs and do not provide valid and appropriate occupancy certificate?

Without OC, the building is technically unfit for occ…

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