Condo Living-A Walkthrough
Jun02

Condo Living-A Walkthrough

Searching home in today’s market can be quite confusing and stressful when lots of residential choices are available. It’s a challenge to find a suitable residential space that will perfectly match your taste and preference for good living. If you are one of those who are looking for an abode that offers clean & beautiful surroundings, independent living, and luxurious lifestyle all under one roof, then condominiums can be a good option for you. Condominiums are premium apartments that make living more heavenly.  Condominiums are yet another architectural way of defining comfort and luxury living. They are a gateway to a vibrant living complete with designer features, beautiful landscape, and posh neighborhood that reflects the living status of the residents. Condominiums The concept of condominium is not old; the trend started in Mumbai around forty years back with the intent of setting up an alternative to the “cooperative housing society” model though, of course, with some changes. Cooperative housing societies basically catered to the affordable housing segment, whereas condos are premium flats cater to the needs of buyers looking for high-end residences. In recent times, the concept of condominium has gained momentum. A condo building has almost everything that an ideal home should have from efficient administration in form of a governing body or owners’ association to most modern amenities, and good neighborhood. Condo Living – Luxury Housing Redefined Condominiums commonly known as “condos” are often located in prime location and have easy access to city centers, shopping zones, schools, work place and restaurants. When you own a condo you have the ownership of your unit that includes the floors, walls and ceilings but not the land. However, you have to share the responsibility of maintenance of your condo building with other unit owners for the exteriors, the common areas, and all amenities within the complex.  Since it’s a shared responsibility the maintenance charges are borne by all. Three things that make condominiums exclusive and premium are – they are thematic in design; they come with some breathtaking view – it may be a sea view, a golf course view, or a lake view; and lastly, many condos are full-floor residential units that are spacious and laden with most modern amenities. That’s why condominiums come at a premium and are priced higher than the residential apartments in societies. Some of the factors that make condominiums a popular choice among high end buyers are: A good neighborhood of likeminded people is a key feature of condo living. Condo living is a contemporary living style which has evolved from demand of the modern times, where it is possible to mingle with...

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Rise of Bangalore as a hot realty destination
Apr14

Rise of Bangalore as a hot realty destination

Bangalore is booming as a real estate destination with a number of world class apartments and elite condominiums coming up in this city of techies. Bangalore, which has earned the sobriquet – “Silicon Valley of India”, is home to millions of IT professionals from India and abroad. From real estate point of view, this IT hub has seen a robust growth both in commercial and residential segment. The reason being that most IT, ITES, BPOs, and other top notch companies have set up their offices in Bangalore. Now, since these companies have created a high demand for office spaces and residential spaces for their employees, there has been a boom in Bangalore’s realty market. According to one of the reports of the association of national realtors, in 2013 alone, more than eight thousand projects have been initiated in this city. This report corroborates the fact that real estate market is certainly booming in Bangalore. On the basis of its socio-economic and infrastructure factors, Bangalore is rated among the top ten preferred entrepreneurial locations in the world. This, coupled with its year round pleasant weather makes Bangalore a favourable destination for buyers and investors. Here are a few more reasons that make Bangalore a favoured residential destination: • World-class infrastructure and quality lifestyle • Cool, pleasant climatic conditions all year around • Profitable job openings in IT, ITES, biotechnology, and manufacturing industries • Good for schooling and higher education • A safe place to live There has been a tremendous increase in the demand for the real estate in Bangalore or Bengaluru, as there has been an increase in the number of IT and ITES industry, manufacturing industries, and aviation industry. Today, Bangalore is home to 35% of the total pool of one million Indian IT professionals and then there are people working in manufacturing industries. All these people are ready to invest in Bangalore realty as there are options available for all kinds of pockets and the annual appreciation of these properties is good and is likely to enhance further. Therefore, things are really looking bright for the realty sector in Bangalore. Bangalore’s real estate market is high on quality, innovativeness, and delivery. Most of the projects are available in various innovative formats and styles to suit the buyers’ tastes Bangalore’s residential real estate is mainly divided into two types of real estate projects. The first type includes the luxurious residential spaces like independent bungalows, hi-tech villas, luxury condos, or apartments. The second type includes affordable housing solutions like apartments, flats, and independent homes. The recent rise in the property prices has led to an increase in demand for...

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Real Estate Investment
Feb03

Real Estate Investment

Bungalows vs Flats: Sometimes it can be very confusing for a buyer that whether he/she should invest on a flat or a bungalow. Many factors contribute influences a buyer in taking the final decision such as: • Finance • Location • Facilities • Connectivity Income of an individual definitely determines the affordability aspect before investing in a flat or a bungalow. Sometimes the above mentioned factors influence the price of a property in a big way which makes investing either very costly or affordable for an individual. However majority of the income segment group look to invest in a flat rather than bungalows, as per the current real estate trends in country. While bungalows offer a more of a long term corporate leases with a greater chance for them to invest in. Investing in bungalow which is a part of the newly launched project can be affordable with sizeable amount of capital investment. While the rental yield can be a bit lower for such a property, but the prices can increase proportionately over the period of time. However, investing in a bungalow which is not located in a prime location, but is well connected to some of city’s major economic drivers such as the airport, employment hubs like IT parks and various other industrial zones can be a very smart decision. The biggest vantage point for an individual or a group investing in an upcoming bungalow is that the prices will grow steadily. The development in its surrounding areas such as the basic civic and social infrastructural amenities will contribute to the rising price. Moreover, it is still important to consider and assess the financial impact when investing in a bungalow. Influential factors such as property tax and maintenance cost contribute in a big way to the rising price of bungalows in comparison to flats. However if you consider the location, property size and assessment of the potential rental yield of a bungalow, then the return on investment is much bigger than returns from investing in a flat. Investors with a long term plan of leasing out property and returns can certainly reap the benefits of investing in a bungalow. One of the major reasons which benefit the investors while purchasing a bungalow is that a bungalow is constructed on a piece of tangible land with its compound area locked and secured. This makes bungalows earn a lot of value in real estate industry, in comparison to flats. On the other hand, when it comes to the flats, it’s an entirely different proposition in real estate. The share of land size allotted per flat is a little less in...

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