Know All about new property for investment in Bangalore
Property investments are considered to be the most profitable kind of investments. In order to safeguard our interests for the future, it becomes necessary to take measures that help secure our lifestyle. Residents are now gradually transitioning from living as tenants to first-time property aspirants. Godrej Aqua by the famed Godrej properties is a residential project located to precision at Hosahalli in Bangalore. The project offers 2 and 3 BHK apartments that are spread over 7 acres of land so residents can make the most of the space and resources provided within the premises. With high-rise architectural marvels within the premises, customers are delighted as they can catch stunning views of landscaped greenery surrounding Godrej Aqua Hosahalli. There are 540 residential units up for grabs that would help residents choose better among alternatives that are provided. With the increase in urban population and introduction of real estate governing bodies like RERA and tax reforms such as GST, the demand for affordable homes has increased significantly. Property developers are now forced to devise new strategize and target residents from the middle-income class group to make the most of the property market and release their excess inventory. Hosahalli, which is close to the Bangalore International Airport which contributes to land appreciation and customers can now go about with their everyday commute with relative ease and comfort. What’s even more fascinating about the project is that they have employed strategies to conserve and save the eco-system. With sustainable water conservation systems and 100% rainwater harvesting techniques, residents can enjoy uninterrupted supply of water straight from their tap. This would help residents make the most of the renewable resources and incorporate an organic lifestyle. The amenities are devised in such a way that they cater to requirements raised by residents from different backgrounds and income levels. Now, investing in the property market comprises of several factors that affect customer purchase decisions. Neglecting some factors that might not seem important at the time may adversely affect your investment decisions. Let’s now look at some factors that investors should look out for before making their final purchase decision.
Do not base your investment decision on your emotions
Property investments are long-term in nature. As these are high paying prospects, residents should make sure they take as much time as they need to categorize their priorities before they arrive at the site for future negotiations. Also, residents have an added advantage if they arrive at the site after consulting with professional real estate advisers to have a clearer perspective about the property market. Since owning a own home has a sentimental value attached to it, potential investors should make it a point not to let their emotions take over. Incorporating a logical approach would give one a clear mindset to evaluate their possibilities and invest accordingly.
Do your research- Pre-requisites for profitable investments
This is the most essential part of property investments. Unlike any other purchase decision which is short-term in nature, investing in the real estate market makes us realize the importance of securing assets for a formidable future. In order reach that stage, it becomes necessary to design a framework in regards to market research. The property market is never stable and fluctuates based on factors like location, social infrastructure and price. Residents should be sure to keep this in mind and analyze every aspect with utmost caution and conviction. Disregarding any factor that might not impact customer purchase decisions is the wrong way to go about it. A collective approach would make you think smart and invest based on prospective market trends.
Rental properties in emerging neighborhoods
One has to realize that there is a difference investing in locations that are developing areas as opposed to established locations. As far as the social infrastructure development is concerned, emerging locations offer more benefits than regions that are already developed. This is because there is more scope to capitalize on in emerging localities. Established locations have reached their saturation level and offers limited as far growth and returns on investment are concerned. Even the price variations are plenty when we compare locations. They are nominal in developing locations which is an added advantage for IT professionals to consider investing early.
Understand your locality
It’s important that we understand the pros and cons of the locality that interests us. Location, by far is the most important aspect of a residential project for rental benefits. Investors should make it a point to invest or stay as tenants in locations that are in close proximity to educational and medical institutions. Bangalore, known as the Silicon Valley of India has attracted IT professionals from different parts of the country. IT professionals and entrepreneurs can consider investing early so they could stay close to their workplace which is always beneficial and cuts the transportation cost on a daily basis.
To conclude, Godrej Aqua Bangalore, located at Hosahalli is an emerging project which is sure to provide formidable returns on investment. Get busy, get investing!