Things you should look for while investing in new projects Real Estate Bangalore

Real estate investment is a big moment for any person. If you are seeking a new house to buy, it is likely you are putting in your lifetime savings into it. If you are buying a second property, then too, you are putting a lot of money, expecting good returns on your investment. So, whether you are a first time buyer or an experienced investor, you have to keep a tab on the market trends and development, so that you meet your exact purpose. No matter how experienced you are, the reality sector is changing at a fast pace, and many new localities and builders have entered the space.

Take for example, sites in Bannerghatta Road on the Indian State Highway, an upcoming location for residential development. It reflects upon an important trend in the city of Bangalore, as it continues to reel under the pressure of growing population and crumbling infrastructure. The same IT workforce, which had earlier set the pace of development at the heart of Bangalore, is now shifting base to peripherals of Bangalore. This shift was imminent. Also, metro connectivity has been a boon for the suburb towns of Bangalore. As a result, home seekers now have an option to invest in new projects in Bannerghatta. There are many existing projects in Bannerghatta, which is comparatively easy to invest in.

But what about the investment in new projects; take a look below.   

1)    The property may be under construction or the project must have been launched recently. There is variety of options to invest in new projects in new localities. Even though the final house construction is not visible to you, but there is always a blue print ready for the house to-be constructed. In addition to how your society and home are, you also have access to download on the area. Do a very careful study of the area. If it is close to your office, it is a big bonus. But you need to look at infrastructure holistically too. You should ideally have an inclusive infrastructure. Use internet to do a lot of research and ask many questions from your builder.

2)    Always do reference check on the builder. This is always important as the reputation of the builder matters a lot. If in the recent past, the builder has been accused of delay in possession then, you may better move to invest in some other project or area. There are ample options available.     

3)    It is also a good idea to map the development of the area from the point of view of upcoming projects. If you are investing in one particular property and a builder, it should not stop you from doing a competitive check. Who are the other builders launching new projects in the locality; which the existing options are; and, what is the feedback of local residents in the area about public transport, commuting feedback etc.

You will also need a good enough intelligence on the surveyed property. The land should be free of any encroachment or dispute. Your builder should ideally give you a certificate of approval about land ownership, claims etc. You can hire a professional expert to help you study the lengthy legal documents.