Are you interested in buying a new flat in Bangalore? If so, you ought to consider investing in 3 BHK flats in Bangalore. This type of property offers better value for money than other homes.
Over the last couple of years, the real estate market has boomed. There has been an increase in the number of housing units available. As such, the prices of these properties have also gone up.
However, the price of 3BHK flats in Bangalore has remained relatively stable. Families who wish to live together will find these properties an excellent value for their money.
As the real estate market in Bangalore keeps on growing, flats are catching up with the demand. The sizes of the apartments in 3 BHKs are increasing as well. Several categories of flats have a wide range available in Bangalore. Many projects are being taken up in Bangalore, and many are in the 3 BHK category. So, what should you do if you have the money and requirement but are not sure where to buy them
Things to know before buying 3 BHK flats in Bangalore:
Price of the property
The very initial thing to consider before buying 3 BHK flats in Bangalore is the price of that property. You must select a property within your budget. When a budget is fixed, it is simpler to shortlist the properties that fit in that budget. You need to make sure that you get the best deal possible. However, this does not mean that you should compromise on quality or location.
Access and connectivity
If you plan to invest in 3BHK flats in Bangalore, it is essential to check out the location first. You need to make sure that your chosen area is easily accessible by public transport. It will be easier to commute to work or school if there is good access to major roads.
Plan your commute to work. You should find out how accessible the roads are if you travel by car. The project will be better connected with upcoming infrastructure projects.
Property Possession date
Plan when you need to move into the apartment. Ready-to-move-in flats are comparatively pricier when compared to those flats which are under construction. Additionally, when you book an under-construction apartment, you can start paying EMI’s before moving in, which might lessen the burden.
It is essential to consider the land on which your apartment is built. To build a house on a land of high soil quality, you must study its topography and soil quality. It is also imperative that the plot is registered and clear of all dues. It is essential to verify and detail the title deed before purchasing a house. Detailed information about rights, ownership, and responsibilities regarding the property is found in the deed.
Hidden and Additional Charges
It is essential to read the documents carefully and understand penalty clauses. The builder must pay a monthly penalty if you fail to receive possession of the flat within the grace period. Be sure to keep in mind all other charges such as registration fees, stamp duty, home loan processing fees, and GST.
The above points are essential to consider when buying 3 BHK flats in Bangalore. Checking all the above things can be hectic; pickyourprop is one stop to find the best properties for sale in Bangalore. We are a channel partner with the top builders in Bangalore and Mysore. Check out the best properties for sale in Bangalore by clicking here.