Rents getting too high? Consider buying a home

Akansha Narang and family pay Rs 30,000 for a rented accommodation in Kormangala. Her landlord has just agreed to extend the lease contract and increased the rent by Rs 3,500 per month owing to an increase in housing demand in the last few months.

While residential real estate across top cities registered some amount of inaction, lease market is said to have fared better. This means while prospective buyers were waiting and watching for say a Budget 2015 session to talk decisively about tax rebates, housing finance, etc., there were people altering choices for some time and upgrading their addresses.

Pre-launch: Prestige North Point, Kammanahalli, Bangalore

Prestige Group is pre-launching their new apartment project near Kammanahalli - Prestige North Point.

Sprawling over 1.44 acres of land, Prestige Northpoint is a well-planned project with international level facilities.

The ground and first floors are designed exclusively for retail units, while the remaining 23 floors consist of premium apartments that tower above the rest. The Club House, spread over two floors is equipped with amenities such as a gym, an indoor sports area and a swimming pool, while beautifully adorned water features and some signature landscape complete Prestige North Point.

Prestige Northpoint comprises of total 184 flats with 2B+G+19 floors and built up area of 3,14,
787 sq ft approximately. The project has 2, 2.5 and 3 BHK flats on offer ranging from 1252 -1971
sq ft.



The project is closely located to Hormavu, Hebbal and enjoys good connectivity to hospitals, schools, colleges, Manyata Tech Park.

Pre-launch: Puravankara City of Gold, Kanakapura rd, Bangalore

Puravankara is offering yet another project on pre-launch - called City of Gold. 

The new project has been planned near Kanakapura road and is spread over 75 acres of land.

Purva City Of Gold consists of apartments, row houses, villas, commercial buildings including shopping mall. The project offers well designed 2BHK, 3BHK,4BHK and will range from 1000 to 1200 sq ft for 2BHK, 1500 to 1800 square feet for 3BHK and row house’s range from 2000 sq ft.

Expected completion is around May 2018.

Pre-launch: Sobha Aspirational Homes near Whitefield, Banaglore

Sobha is planning to launch 'Aspirational Homes' - a first of its kind project by the builder near Whitefield, Bangalore.

For inquiries, contact sales@themoneyestate.com or call us at + 91 886-722-4385

The project will be launched in early 2015 and is located in the midst of the four major roads in the city – the Outer Ring Road (ORR), Marathahalli road, Varthur road and Sarjapur road – aptly termed the 'Golden Quadrilateral'.

The project is expected to have a total land area of 81acres and will comprise of 1 and 2 BHK units ranging between 650 to 1,200 square feet, with over 6,000 units. The project will also contain abundant green spaces for sports and recreational facilities as also natural lighting and ventilation.

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Pre-launch: Esteem Altitude in Yeshwantpur, Bangalore

Esteem Group is launching a new residential apartment project - Esteem Altitude.

The project located at Yeshwantpur is in pre-launch phase and has 2 & 3 BHK apartments.

For inquiries, contact sales@themoneyestate.com or call us at + 91 886-722-4385

Esteem Group is known for several residential as well as commercial projects such as the Esteem Mall in Bangalore.

5 km travel can save Rs 10 lakh on 2BHK units

Are you interested in buying 2BHK units in North Bangalore? If so, then how about saving almost Rs 10 lakh on the property? Hormavu is a locality that offers you this luxury while other localities around it such as Banaswadi, HBR Layout and Thanisandra (within 8 km) provide property at a higher range. Let’s dig into the details.

What is available?

For inquiries, contact sales@themoneyestate.com or call us at + 91 886-722-4385

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Where to look for rented property in Bangalore

Looking for an apartment to rent in Bangalore? Try HSR Layout, Koramangala and Indiranagar. According to Magicbricks data, these localities offer maximum options for renting and are the most preferred. Here is a quick look at what these localities offer.

HSR Layout
The residential property mix available here includes multi-storey apartments, residential houses and builder floor apartments. 

Investment tips to save tax for first time home buyers

Property buying is a crucial decision, especially for those investing for the first time. On one hand, it is an emotional decision as it involves the life savings and on the other hand, one has to be cautious and aware of the tax implications that come along with it. However, most of us are ignorant and don’t know how to save taxes while making a property transaction.

Vaibhav Sankla, director, H&R Block India Private Limited, advises our readers on ‘how to save taxes through property investments.

Sankla says that when you take a home loan on a ‘self-occupied’ property, you are liable to claim tax rebate on the interest of up to Rs 2 lakh, under the head ‘Income from House Property’.
However, in case you own more than one property, income (equivalent to the rent that a similar property would fetch) will have to be offered to tax. One needs to pay wealth tax at the rate of 1 per cent on the second or more property investments.

Experts advise you to rent out your house because a locked house still attracts tax, which is calculated the expected market rent.
If the apartment is sold within three years you will incur a Short-Term Capital Gain (STCG), which is subject to Income Tax based on your applicable slab rate. STCG is applicable when a property is held for less than three years before it is sold off. On the other hand, one can claim Long-Term Capital Gains or LTCG when you hold the property for more than three years before it is sold off.

For your investment inquiries, contact sales@themoneyestate.com or call us at + 91 886-722-4385

What is done in the case of booking a property in an under construction project? 

New Launch: Nitesh Virgin Island on Old Madras Road, Bangalore

Nitesh Estate is developing premium condominiums - Nitesh Virgin Island - located on the Old Madras Road in East Bangalore.

Nitesh Virgin Island is spread across 8.15 acres of land and will offer 723 apartments across 11 blocks in 1, 2, 2.5 and 3 BHK configurations.

Amenities:

• Swimming Pool
• Fitness Centre with Yoga & Aerobics
• Banquet hall/Party hall/Badminton court
• Toilets
• Pantry
• Coffee shop
• Crèche
• Library
• Squash Court
• Billiards room/Table-tennis court
• Mini-market
• Steam, Sauna and Jacuzzi
• Tennis Court
• Children’s play area
• Jogging track
• Amphitheatre
• Basketball court
• Cricket pitch

For pre-launch offers, contact sales@themoneyestate.com or call us at + 91 886-722-4385

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Pre-launch: Prestige Gulmohar

Prestige Group is launching another residential property at Horamavu in North Bangalore.
The project will be developed on 3.5 acres of land and house 400 apartments.

Horamavu is good location to invest as it is closer to KR Puram, Old Madras Road and Mahadevapura which are large employment/commercial hubs. Embassy Manyata Business Park, RMZ Infinity and other office centers are in the vicinity of  Prestige Gulmohar.


Why TheMoneyEstate.com for all your property needs?

Advantages for you:

• Dedicated team for thorough research and analysis regarding the project
• Hassle-free paper work
• Group discounts 
• Value added services like property management, loan approval, property insurance
• Pre and post sales services
• Tracking the project progress and price if applicable
• Site visit assistance and identifying the best unit availability
• You can keep track of the project progress from your home through our research services

For pre-launch offers, contact sales@themoneyestate.com or call us at + 91 886-722-4385

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Visit us at TheMoneyEstate.com

Top 5 Expensive Locations to Invest Property in Bangalore

From past many months, the residential property prices of Bangalore are hitting up to the roof as compared to other metropolitan cities where the metropolitan city, Bangalore is overhauling as a real estate and IT Hub of Asia.

Due to the improvement of Information Technology enabled services, Business Process Outsourcing and infrastructural development imminent in Bangalore, the current year is expected to incident an enormous boost in home buying and property investment. This circumstance has created a high flying demand on Residential and commercial segment. Due to the rising demand there has been an empowering approach towards the small as well as big ones to increase a number of attractive and luxurious projects all over Bangalore where the Bangalore city has many locations which are accountable to be the most expensive real estate sectors.

The following are the top expensive locations to invest in property.

Indiranagar:

Pre Launch: Brigade Northridge near Jakkur, Bangalore

Brigade Group is set to launch it’s new project called Northridge located at Kogilu Cross, Jakkur, Bangalore North.

Spread over 7.5 acres of land, the project will offer 550 residential apartments in 2 and 3 BHK configurations across.

Project is well connected to the major parts of the city like Kempegowda International Airport, Hebbal, Yelahanka, Jakkur and many more.

Amenities

• Children's Play area
• Gymnasium
• Swimming pool
• Jogging Track
• Badminton Court

For more details and pre-launch offers, contact sales@themoneyestate.com or call us at + 91 886-722-4385

Ready to move or under construction home - Which is better for you?

Undeniably, everyone desires to buy a dream home, which they can call their own but everybody isn't that blessed. In reality, home buyers are always looking for the good deal however, the big confusion among buyers is whether to buy ready to move or under construction property. Each of these preferences has its pros and cons. It is extremely imperative to be aware about the advantages and disadvantages of ready to move and under construction properties. Let’s take a look at them.

Ready to move in property

A new trend has been catching up from last couple of months where a number of home buyers are slowly heading towards ready to move homes over under construction homes as going for the latter requires waiting for a couple of years to get possession.  Since 2008 recession, many home buyers complained about high wait times before possession of houses, because builders delaying the projects.

Pros:

Immediate accessibility: Home buyers do not have to linger around to move into their dream house. All buyers have to do is to make full payment, sign on required documents and get their belongings transported to the new place.

Highest demand for 2 BHK Flats in Bangalore

The Bangalore real estate market continued to remain steady growth in the month of Mar-July 2014. The mid level segment which shaped the majority of sales continued to register and a solid harmony between demand and sales.

In Bangalore, 2 BHK flat is on high demand and encountered an unparalleled growth due to the increase of prices and fall in affordability. The 2 BHK and 3 BHK flat embrace 90 percent of the market and notably the 2 BHK flat registered a demand of 54 percent, which is approximately equal to the supply in the real estate market. Many top most builders in Bangalore city are looking at building such units. This could predominantly benefit for youngsters, senior citizens and newly married couples.

Pre-launch: Purva 270 Degree in Bangalore

Puravankara Projects has announced the pre-launch of their new residential apartment complex called Purva 270º "Life Uncluttered" near C V Raman Nagar, Bangalore.

The project is part of the phase 2 development of Purva Seasons. The project will be spread over 10 acres of land and has on offer 660 apartments in 2 and 3 BHK configurations.

Every apartment at Purva 270 offers well ventilated corner apartments with 3 sides open and a spectacular 270 degree view.

The complex has good connectivity to major roads like Old Madras road, Outer Ring Road, K R Puram station and Byappanahalli metro station. It also has easy connectivity to business hubs such as Bagmane, ITPL and other Tech Parks.

Nearby shopping and leisure destinations include Gopalan Mall, Big Bazaar, Phoenix Market City, Indiranagar, Koramangla and MG Road.

With good connectivity and close-by shopping destinations, Purva 270 is an excellent choice for investment.

For more details and pre-launch offers, contact sales@themoneyestate.com or call us at + 91 886-722-4385

Pre-launch: Prestige Temple Bells in South Bangalore

Prestige Builders is set to launch another high rise residential complex at Rajarajeshwari Nagar, Mysore Road. 

 Prestige Temple Bells is spread on over 14 acres of land and will be an ideal investment.

For more details and pre-launch offers, contact sales@themoneyestate.com or call us at + 91 886-722-4385

5 upcoming luxurious residential projects in East Bangalore

Who does not want to own their dwelling home in the great garden city?! The Bangalore city has seen exceptional growth in past few decades. Many Bangalore developers are offering luxurious Apartments with world class amenities and luxury features. There is a high demand of affordable housing in Bangalore the main reason is most prominent developers are jumping on to the Premium Apartments, Flats with a new launch of luxurious projects.

In this Bangalore real estate market, finding a dream home is bit complicated. How does a home owner can find a project that meets his needs from all angles? But don’t worry below is a list of projects on east Bangalore. The eastern end of Bangalore city has a sprawling eucalyptus and coconut tree which looks amazing during monsoon season. This is well renowned business houses & industries and well linked via Roads and Railways. Equipped with all the educational institutions, Hospitals, Market areas, Theatres, Malls etc…

(1) Assetz Property's 27 Park Avenue Apartment Project:

27 Park Avenue is located at a tranquil locality sector 1 of HSR Layout by Assetz Home. This is located in the heart of the HSR Layout. The site itself open on 3 sides and a large 5 acre park on the fourth side. The vision to create a house that contrives together an accomplishment of light, park, sky and green spaces began to take perfect shape. To make as an ideal site of an exclusive, private and Luxury, the Apartment project ensure easy access to the major outer ring road, Commercial Hubs of Electronic City and IT corridor of Sarjapur - Marathalli to the East. 27 Park Avenue Apartment Projects ensures elevated luxury living that you deserve and you live a life seamlessly integrated with nature. The park in your backyard, a tree court, green space in every Apartment will make it seem like that you are living inside it. This is well equipped with all the facilities in few kms distance.

For pre-launch offers, contact sales@themoneyestate.com or call us at + 91 886-722-4385

Status: Up coming

Unit type: 4 BHK

Amenities: Basket Ball court, Club house with swimming pool, play ground, 2 hrs clock security, Roof top swimming pool, Private elevator, Double height entrance lob and Electronic security services.

Buying under construction project? Watch out!

Pre-launch and under construction prices of apartments are no doubt extremely attractive. In Bangalore, at an average, the pre-launch prices are around 25 to 30 per cent lower than that of a finished apartment. This is the main reason why consumers are open to booking apartments in projects at the earliest. In their enthusiasm to get the best price, consumers are often ready to go in for a buy even before ‘all’ the clearances are in place.

Although one understands the keenness to get the apartment at the price during this stage; there are several aspects that one needs to be aware of when going in for such a buy in Bangalore.

One of the risks at the top of the list is considerable delay due to various reasons.

For pre-launch offers, contact sales@themoneyestate.com or call us at + 91 886-722-4385

Given the inordinate delay in getting clearances, approvals and the various infrastructure requirements combined with different stakeholders involved in construction delay in construction is a definite possibility. What is worse is cancellation of certain floors due to clearances not coming through.

Pre-launch booking is also a way for builders to raise cheaper funds, especially by relatively smaller builders.

Listed below are some of the factors the consumer must look out for:

1- Ask for the IoD (Intimation of Disapproval) and CC (Commencement Certificate) as proof that builder has got all the clearances. As per law a developer is not allowed to take any money from prospective home buyers before getting all the clearances for a project.

Connectivity, commercial development pushing Bangalore’s property market

Several factors have collectively led to the growth and expansion of Bangalore, as it is today. From a nascent market mainly with individual plotted developments, it has grown into a mature market offering a variety of homes for every budget.

Pre-launch: Century Sports Village @ Devanahalli, Bangalore

Century builder is pre-launching its first of a kind sports centric plotted development project in Bangalore at Devanahalli.

The project to be called Century Sports Village and is spread across 66 acres offering 600 villa plots in various dimensions.

Century Sports Village proposed sport facilities include:

• Cricket nets
• Basketball Courts
• Badminton Courts
• Football field
• Archery
• Beach volleyball court
• Swimming Pool with pool bar
• Wall climbing structure
• Skating rink
• Dirt cycling track
• Endurance arena

Century Sports village enjoys good connectivity to the new Bangalore International Airport expressway. Due to proximity to the international airport this location holds great potential for price appreciation.

For pre-launch offers, contact sales@themoneyestate.com or call us at + 91 886-722-4385