How To Invest In Residential Projects In Ahmedabad?

Investing in a house is one of the biggest decisions you take in life. What kind of life you’ll have ahead depends upon it. Therefore, it is crucial to come up with an informed and rounded decision. Knowing just the location is not enough. There are many things that you must pay attention to when investing in a home, knowing the location is just one of them. Ahmedabad, undoubtedly, is one of the best cities in India. With so much development already taken place in the past, Ahmedabad’s real estate market has maintained a steady pace. The influx of NRIs has also contributed to the birth of luxurious and affordable housing options that cater to modern families. However, while you hunt for your dream home here, keep the following factors in mind:

1. Locality: This is the first step towards buying a new home. Property location plays a significant role in determining the quality of life you will get in your new home. Ensuring that your new house or apartment building has an established market around it is the first task. You cannot travel far to buy items that you use every day. If you’re looking for 3 bhk flats in Ahmedabad, areas such as Vaishnavi Devi Circle and Tapovan Circle will offer the best apartments loaded with pre-attached amenities.
2. Finances: Maintaining a stable financial source is extremely crucial when investing in real estate. Plus, you must also have a flexible budget. What if the property of your choice does not fit in the budget you made? Nowadays, if you have not been a defaulter, you can easily get financial aid from banks or private lenders. Pre-approved loans give you instant access to your house without making you wait endlessly for permits and long documentation processes once the project is completed.
3. Neighborhood: Your neighbourhood has to be good. Nobody wants to live in a locality that has a high crime rate. People want educated and civilized neighbours. We believe you do the same. Therefore, go for a walk in your neighbourhood while looking for a house.
4. Builder’s Details: Irrespective of how much you like the location or find the apartment building attractive, you must check the builder’s details. Look for the previous projects completed by the builder to check the builder’s punctuality and credibility. A famous and experienced builder will also ensure the safety of your investment by completing the project in time and offering the possession when promised.
5. Project Layout: Nowadays, almost every real estate developer provides brochures related to the project you’re interested in. The brochures include every important information, like plot area, floor plan, price, etc. However, you may need to ask for it in some places. Don’t hesitate to ask for a project layout from the builder.

We believe this information will help you in choosing an ideal home for you and your family. However, don’t forget to do your research. Prepare yourself well before you begin the hunt for a new home.

Premium property segment of Bangalore is largely driven by NRIs

There is both good and bad news for the realty segment of Bangalore. The good news is that the market is impeccable, and it ranks high on the priority charts of the homebuyers, and the bad news is that the prices are high. Anyways, there is a win-win situation here for both the buyers and the builders, the only difference lies in the fact that these buyers are from abroad!

There has been a tremendous increase in the numbers of non-resident Indians (NRIs), who prefer investing in the real estate segment in Bangalore. These NRIs have been observing the real estate market of the city and the constant hike in the property rates has been the major draw for them. Since the real estate segment of countries like the US is picking up, the investors are looking forward to share the slice of the market pie in Bangalore. It has been easier to generate funds locally.

Reasons why Bangalore real estate attracts NRIs

Great capital appreciation in Bangalore, excellent local lending rates in the UA, eased investment norms by Indian government, foreign direct investment facilities and available property management services have been main driving factors for the NRIs to invest in the real estate segment in Bangalore.

The promising projects

Meeting their demands, the city has a number of projects to offer, particularly in the premium segment. Take an example of Zonasha Paradiso by Zonasha Group in Marathahalli, East Bangalore. The project offers 4 BHK apartments in the varied size range of 3200 – 4800 Sq. Ft, and these properties are priced between Rs. 3.18 crore to 3.55 crore. Another good example can be Prestige Ozone by Prestige Group. These are 3 – 4 BHK apartments available in the price range of Rs. 2.5 crore to 6.1 crore, and a total area range of 2000 – 6974 Sq. Ft.

What’s Ahead!

Considering the high property rates, these properties have been quite a hit among the NRI buyers. To further boost the realty market, government is taking numerous steps to restructure and upgrade the infrastructural aspects of the main city as well as the sub urban areas of Bangalore, so that it can attract more and more FDI in the city.