{"id":310879,"date":"2019-03-27T05:00:24","date_gmt":"2019-03-27T05:00:24","guid":{"rendered":"http:\/\/tehelka.com\/?p=310879"},"modified":"2019-03-28T12:51:43","modified_gmt":"2019-03-28T12:51:43","slug":"real-estate-checklist-before-buying-a-property-in-bangalore","status":"publish","type":"post","link":"https:\/\/tehelka.com\/real-estate-checklist-before-buying-a-property-in-bangalore\/","title":{"rendered":"Real Estate Checklist Before Buying A Property In Bangalore"},"content":{"rendered":"

\"\"<\/a>Bangalore plays host to numerous government establishments and traditional industries. The cosmopolitan city that is India\u2019s Silicon Valley has attracted professionals and students from across the country due to its immense variety of employment opportunities.<\/span><\/p>\n

As a result, the real estate sector in the city is seeing exponential growth with plenty of housing projects offering the latest amenities and facilities. For instance, Provident Park Square<\/a> is one such housing project offering luxurious and elegant living spaces.<\/span><\/p>\n

If you are looking to buy a home in Bangalore, here are some factors you may want to consider:<\/span><\/p>\n

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  1. Finding the right location<\/strong><\/span><\/li>\n<\/ol>\n

    It is a wise choice to thoroughly research the locality you want to buy a home in. You should check whether the area has easy access to prime locations within the city, and find out if there are essential amenities like restaurants, shopping malls, schools, hospitals and banks nearby<\/span><\/p>\n

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    1. Good resale value<\/strong><\/span><\/li>\n<\/ol>\n

      It is important to look well into the future when you decide to purchase a property because you may want to sell it after a few years. If you choose the wrong location or property, it could affect the future sale value of your property. It is advisable to know about new developments in the years to come which offer growth prospects that could increase your property’s value in the future.<\/span><\/p>\n

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      1. Researching about the builder<\/strong><\/span><\/li>\n<\/ol>\n

        You may want to communicate clearly with the property\u2019s builder and ask any property-related questions you have in mind. Apart from that, you can also conduct research and examine past projects.\u00a0\u00a0<\/span><\/p>\n

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        1. Additional costs<\/strong><\/span><\/li>\n<\/ol>\n

          It is essential to find out additional costs over and above the basic price of the property you may have to pay from your pocket. These may include service charges by lenders or mortgage brokers or real estate agents, notary charges, parking fees, preferential location rates and so on.<\/span><\/p>\n

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          1. Property insurance<\/strong><\/span><\/li>\n<\/ol>\n

            Property insurance can provide you with coverage in case of property title disputes, damages to the property and other legal issues. It can safeguard your financial future in the event of mishap or destruction to the property. You can consider various options and choose the right policy.<\/span><\/p>\n

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            1. Documents to check<\/strong><\/span><\/li>\n<\/ol>\n

              Whether you are a first-time homebuyer or buying a second home, it is a good idea to keep the following documents at hand:<\/span><\/p>\n