Bangalore Properties - Real Estate Guide

There are lot of whatsapp messages and news paper articles doing the rounds that the demonetisation of old currency will result in a crash in property prices. Such messages and news even though they offer a feel-good factor to common readers are far from truth.  FEAR IS NOT NEW In mid-2015, reports predicted a 50% crash in real estate prices. The logic used, was that the rental yield on real estate is very low as compared to the interest rates on bonds. Nothing akin to the prediction happened. However, the report did create a sensation.  WHY DID THE FEAR FAIL When the sentiments were against investment in real estate and hence, prices should have down.  But, there were also inertial forces that worked against the reduction. Central government, state government, Banks and municipal corporations had indirectly helped stopping the price fall to avoid their revenue loss. Latest argument for Price Fall: The Indian real estate market has b...

Did you always suspect that you can't afford a home now? Have you been living on rent all your life and been wanting your own home? Are you afraid of paying the rent and EMI together till you move in to your own home? If you answered yes to more than two questions above, then the  subvention scheme is a god-send scheme for you.  You too can Afford Now You are not alone. We come across this story from many property seekers living in rented accommodations. To be realistic, an affordable property is always under construction, one would have to manage for a period of around one to three years when the project is under-construction. But as a Buyer they can not shell out both the EMIs as well as the rent. But, now the builders like CMRS Group are getting associated with Banks and Financial Institutes to design subvention schemes which require the buyer to pay just 10 per cent of the total cost as an initial payment, there is not pre EMI and you pay 10% at the posse...

You would be surprised that majority of people who buy a property for investment, end up getting very low return on investment. They may get higher appreciation for property, but higher share of loan interest and very low rent to value ratio give them very low returns.  You should be rational and business-minded when buying an investment property than buying a home. Since you don't plan to live in there, you should do your math right and investigate thoroughly before you invest. What's the Return on Your Investment? Your investment appreciates over time, but this alone is not enough to calculate your net returns. To keep a property with you, you incur annual costs such as loan interest, property tax, insurance, maintenance etc. Such costs are called carrying costs of your property investment. But, as you keep the property, you also earn rental income, which adds up to your return on investment. The rental yield is the ratio of real annual rent (Rent - Maintenance) to p...

You would be surprised to know that one to five years old resale property will be around 75-85 percent of the market value, five to ten years old will be around 65-75 percent and ten to twenty years old will be 50-65 percent of market value. Resale value further goes down if you have not invested in Right Property or if you have not kept it Looking New. Resale Value: Resale property value is the sum of the total value of the entire land UDS (undivided share of land), depreciated value of facilities, amenities and building. The major component of resale value is price of UDS which increases rapidly if bought in right location. Other depreciating factors like facilities and amenities can be controlled by investing in appropriately sized property at right price. Interiors of your home plays a big role in keeping it looking new and impacts the resale price significantly. Choosing Right Property: Location - Buy your home at Main Road with highest appreciation of Land ...

150 residents of I Block at  HRBR Layout, in northeast Bengaluru, received a notice from the tahasildar of Bangalore East taluk to vacate their houses within two days, as they were built on an encroached tank bed.  The tahasildar's notice said that their structures, on Survey No. 211 of Banaswadi village, are on a 'Government Lake' bed that had been encroached on.   What went wrong when they bought it? As the Constitution was originally drafted, the Right To Property was enshrined as a fundamental right. By the 44th Amendment to the Constitution, the right to property was removed as a fundamental right! The result is that the right to property as a fundamental right is now substituted as a statutory right. The amendment expanded the power of the state to appropriate any private property for social welfare purposes. Also, the adequacy of compensation payable on acquisition or requisition could not be questioned in a court of law. There were 262 lakes in Bangalor...

Home buying is always an important decision, and many times the appreciation value of future home alone drives the decision. But, the location aspect that has a bearing on your lifestyle and status cannot be calculated with some mathematical formula. Buying a home is a decision you should take some time to consider, determining how its location  and amenities will affect your lifestyle, status and general emotional satisfaction. Whether you are purchasing your home as an investment, a lifestyle upgrade or both, one of the most important decisions you will make is LOCATION. Here are some factors you should consider when selecting a location. Proximity to Workplace  - The length of your daily travel to work can have a significant impact on your daily expense, quality of life and how much time you get to spend at home with your family. Safe Neighbourhood  - Safety is a top consideration. You'll often pay less to live in an area with higher crime, but ...

Buying a home for living would often require you to stretch more than what you can afford in terms of total cost of ownership. Since its for your own living, you would like it to be at best location, with best of amenities and of bigger size. All this adds up and shoots up the total price. But you decide that it is worth the HIGH PRICE, as your income would grow over time and you would feel good about the wise investment at the right time.  But, the big question for many buyers would be to arrange the 20% of down payment which they have to pay today. How can you manage " present " down payment that for a home bought for " future " with price based upon your future income growth? TIPS FOR ARRANGING THE MONEY SAVE, SAVE and SAVE : Save and invest towards the goal when it is atleast two years away. Traditional saving instruments may not grow the money faster, you should look at non-traditional ways like high growth mutual funds or share trading. It may b...

Do you know that many A-grade builders in Bangalore are  silencing the voice of buyers, by inserting a clause in the ‘buyer agreement’ that forbids buyers from posting anything unfavourable about the builder online and the agreement says that the developer can claim damages from the buyer, in the event of a violation of the agreement.  Also there is a sponsored negative brand building against good builders who are seen as threat to earn super natural profit for substandard properties by A-grade builders! Young buyers are loosing trust and apprehensive about investing money in good properties, because they fear a delay in the project or worse losing their entire investment. But, little education, awareness and precaution can protect you from loosing money, and can guarantee the expectations for your investment. PROTECTING YOUR MONEY Always take a Receipt of the payment that you make. Prefer if you can get it signed by top management. Make sure the du...

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, t he 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! T he 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 buildin...

Do you know , India’s citizens have some of the weakest lungs, highest rates of  asthma  and  highest mortality rates  from respiratory issues of any nation in the world! India is experiencing an unprecedented construction boom. The country doubled its floorspace in last five year and is expected to add 35 billion m 2 of new buildings by 2050. Buildings account for 35% of total final energy consumption in India today, and building energy use is growing at 8% annually. This is just the half truth, the harsh reality is that the buildings even though tagged as GREEN BUILDINGS generate huge amount of carbon foot print. In our study to buildings in Banaglore, the pollution increases to over 40% in morning time in parking areas. So why is it going wrong? Design Flaws Most building designed by even leading architect are not designed to handle the peak time movement of cars during morning hours. Most cars while going out use lower gears and waste significant fu...

Everyone knows that the Marble is a beautiful and durable material selectively used for artwork and architecture. When used in flooring, it gives a dramatic visual attractiveness to home, that even the most discriminating tastes find appealing. It definitely adds luxury to the home and gives it long life. Also, its a proven fact that an apartment with marble flooring keep looking new even after many many years of living. You don't need to replace the marble flooring all your life, just keep painting the walls and doors to keep your home looking new, year after year. But do you know that apart from ultimate luxurious offering and longer life, the latest launch from CMRS properties has used marble flooring also for another strategic reason?  Family Apartment - A distant Dream Premium locations which have very good connectivity, local market and good eating joints, have become a preferred living destination for bachelors. Bachelors are willing to pay a premi...

Home Automation is considered a Luxury by many home buyers and most builders package this solution only with ultra luxury apartments, which cost upward of 1 crore in Bangalore. Such homes are always advertised to add an extra comfort to your life. But, a ll the apartments built by CMRS properties offer buyers the convenience to choose home automation features at the fraction of the market cost. These apartments  make your life easier, keep your family more secure AND save you money in electricity bills. SAFETY AND SAVING All apartments, villas and row houses by CMRS properties are built with home automation technology that add safety for both your family and home. You have the ability to control the small appliances and lighting with the simple tap of your finger on your favorite technological device. You can always keep an eye on the accident prone devices such as geyser, oven etc. to make life safer. Now, you can always check to make sure your daughter turned off h...