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.