SAFE PROPERTY INVESTMENT TIPS

(Bangalore property, 2 bhk apartments, flats, lands,studio for sale in Bangalore)

As far as residential property is concerned, it is safe to invest in those projects which are completed rather than those which are still under-construction.

For those who intend to invest on the property other than residential, for getting steady rental incomes, investment on the ready to occupy properties may be a wise choice. Also, the possibility of capital appreciation would be very great as ready possession property attracts premium market rates. Thus, purchasing an immovable property free from any kind of impediments is a time-consuming affair and it requires selection and involvement of professionals such as Advocate,Architect,Structural Civil Engineers, Contractors and Real Estate Agents.

Tips in brief

1. Scrutinize the documents with an experienced Advocate. Ensure that the documents of title of the property you intend to purchase are clear. Defective title will create problems at any point of time.

2. Always go for a property, which has a resale value.

3. Ensure that the building has been constructed as per the sanctioned plan and if there are deviations they should be within the permissible limit. The property should not be in a low-lying area.

4. You may always rope in the services of a reputed real estate agent and fix his commission well in advance.

5. Purchase the property in a developing area.The value of land will appreciate.

6. If you prefer a ready-to-occupy flat, select a flat which is off the main road on a wide street with adequate water supply, away from cinema hall, marriage hall, open drain, factories and place of worship but not very far from school, college, commercial complex, temple and hospital.

7. If you buy a Flat/Building under construction, visit the work site regularly and see the progress of work.

8. You may not be a Vaastu believer, but purchase House or Flat or land that is Vaastu-friendly from resale point of view.

9. If anyone offers flats/sites at a cheaper rate than the prevailing market rate, there may be certain hidden problems. So you should be extra careful in finalizing the deal of such a property.

10.Ensure that the developer has Clearance Certificates from government departments, VIZ., Electricity Board, Water and Sewerage Board, etc..

11.Commencement Certificate and Occupancy Certificate are other important documents that are necessary while buying the flats.

12.Check up the genuineness of the documents with the concerned authorities in person.

13.Ensure Agreement for Sale and Sale Deed, duly stamped, executed and registered are in your possession. Both should contain fair clauses for both the parties.

14.In case of flat purchase, specification of the building, including material used, difference between the carpet area and the super built-up area are the important factors to decide the rate. Other facilities like Club House, Swimming Pool etc., will also have to be considered.

15.Check up whether there is adequate water supply and sanitary line facility.

16.In case of GPA transaction ensure the validity of GPA. 

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