7 Factors to Help You Decide Which Floor To Buy a Flat in Bangalore

When you purchase an apartment you put a lot of thought and research into the process. Metro cities like Bangalore, Mumbai, Chennai, etc. have the urban chic vibe and tall skyscrapers that can lure you any day. With the increasing number of skyscrapers, the floor on which you purchase flats in Bangalore and other such cities has also become very crucial.  This is why we list down 7 factors below that will help you make the right decision while buying an apartment. 

1. Security and privacy concerns

This is a major factor to consider while purchasing apartments in Bangalore. It is usually considered that flats on the ground and lower floors do not offer privacy and the necessary security required when living in an urban area. Higher floors offer you the perfect private and secure life that you would want for yourself and your loved ones. 

2. Fire safety

Ensure that your building has an occupancy certificate (O.C) for all the said floors. This asserts that the building has been constructed as per the permissible plans and local laws which include fire safety. 

3. Lifts & staircases

There are many apartments in Devanahalli that can give you a good lifestyle. However, choose the floor that you want to live on according to the needs of your family. Lower floors are better in case you have older family members. Also, ensure that the building has a backup generator for the lift in case of power shut down. 

4. Floor deviations

Make sure that the apartment you are purchasing is from a reputed builder. This will make sure that there are no illegal deviations from the building plan which usually happens with the top floor. 

5. Vantage points & rentals

If you are looking for a good view from your apartment, you could opt for a top-floor apartment especially when the view is sea-facing or some other scenic area. Higher floors will give the best vantage points in this case. Also, if you are purchasing the flat for investment, make sure you think of a higher floor or a view that will fetch you good rent. 

6. Mobile network

In some areas, the network tends to get weak on higher floors. Make sure you have an adequate mobile network in your high-rise apartments before investing. 

7. Light & ventilation

Living on a higher floor does have its advantages like better light and ventilation. The kind of apartment you want to live in is a personal choice but these factors will determine that you make the right decision and real estate investment!

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5 Development Factors That Reshaped Investments in Shankarpally

Hyderabad is one of the fastest-growing technology hubs, the center for biotechnology, pharmaceutical, and science industries, and developing cyber city. Most of the places in Hyderabad are rapidly developing like Shankarpally which is home to several IT and ITES corridors. Investors from all over the world are more attracted to this fastest developing area and as such dynamic growth in real estate investment can be seen. 

Easy accessibility to HITECH city Cyberabad

HITEC City is spread across many areas of Hyderabad and together all the combined technology townships are known as Cyberabad. Several IT industries are located in this area and as such it is the most significant IT hub and excellently planned biggest HITEC city in India. Apart from this many multinational companies have also come up. The most important factor that led to the fastest growth of Shankarpally is its proximity to Cyberabad and the proposed four-lane highway is going to help in this matter and make traveling easy and convenient. For this reason, more and more investors are eager to invest in plots in Shankarpally. 

Good Connectivity

Shankarpally is well connected to other parts of the city via the Andhra Pradesh State Road Transport Corporation buses and also to Rajiv Gandhi International Airport via railways. Besides, the upcoming Peripheral Ring Road will also assist in connecting with the neighboring area. Such good connectivity and availability of budget, as well as luxurious apartments in Shankarpally at a reasonable rate, has brought about an increase in real estate investment. 

Well-developed social infrastructure

Shankarpally, a serene locality with beautiful landscapes and greenery all over has many renowned international schools, colleges, hospitals, recreational centers, shopping malls, entertainment zones. This improving social infrastructure has a positive impact on real estate investment. 

Unique spacious luxurious homes

Comfortable, peaceful, and luxurious living with unique architecture and all modern amenities is the dream of all. Residential projects in Shankarpally helps in fulfilling this dream.  In this area which is noise and pollution-free and far from the hustle and bustle of the city you can find well designed elegant, spacious, luxurious apartments and villas with top-class amenities like a swimming pool, clubhouse, gyms, spa, sports and recreation facilities, garden, children play area, facility of 24/7 security with CCTV camera, firefighting systems, and intercom facilities.  Enjoying a sophisticated life within the budget has encouraged more and more buyers to invest in Shankarpally plots. 

Capital appreciation and excessive returns on investment

All the above factors have led to a high capital appreciation of properties in Shankarpally which is sure to gain good profits in the long run. 

Seeing the tremendous growth, investing in plots for sale in Shankarpally is a wise decision.

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Easy Tips for Buying a Budget-Friendly 2 BHK in Bannerghatta

 Initially, Bannerghatta road or Highway 87 in Karnataka was an isolated place, but today it is the fastest developing area due to the upcoming of several residential projects of famous builders offering luxurious as well as affordable homes. As such it has become the favorite residential destination of several buyers and investors. Planning to buy 2 BHK apartments in Bannerghatta road the below-given tips can be of great help.  

●      Location and Infrastructure: After making a list of all the flats for sale in Bannerghatta road and selecting the right apartment of your choice to be purchased, personally visiting the exact location in Bannerghatta road where you have planned to buy a budget-friendly home is the most significant step to be taken. Knowing about the amenities provided by the builder, proximity to workplace, educational institutions, health care centers, shopping malls, connectivity to other places, having a view of the surrounding area whether it is safe and sound is of utmost importance before investing in a property.  

●     Price and Size of the Property: When planning to buy budget flats in Bangalore, especially in Bannerghatta road, having exact knowledge of property rates is very important as they differ based on the location, amenities provided, and infrastructure. Before buying, awareness of the built-up area i.e. the entire area including the lift, staircase, storage space, thickness of wall and so on and total carpet area i.e. the area within the walls of the apartment, will assist in calculating  the exact price of the property. For a genuine quotation and to avoid complications in the buying process it is better to compare the price quoted by the builder with the existing rates of neighboring property. 

●   Procuring and Verifying Legal Documents, Licenses, Approvals: The title deed i.e. the ownership of the property, sanctioned building plan, release certificate, occupancy certificate, property tax receipt, encumbrance certificate, mutation document are some of the important documents that should be obtained and thoroughly verified before buying an apartment. Apart from this make sure that the residential project has received the required approval of the Development Corporation and the local body of the city. Investing in RERA registered projects is a wise decision as the rights of the home buyers are protected and also ensures timely delivery. All this can avoid complications in the buying process. 

Consulting an expert in the real estate sector is also a genuine idea to solve your queries with regard to purchasing 2bhk in Bannerghatta road and you can also get proper guidance to take an absolutely right profitable investment decision. These tips are sure to assist you in buying budget-friendly homes in Bannerghatta and enjoy a peaceful and comfortable living in a home of your choice.

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This Property Investment Hubspot is getting attention for all the right reasons and how!

Devanahalli is a place of rich heritage. From villas in Devanahalli to apartments, the demand for real estate is increasing day by day in Devanahalli. Investment here is a good opportunity for those who are looking for a good home surrounded with all amenities. Let’s check out why Devanahalli is the next best Investment bet for you. 

●     Glimpse of Devanahalli

This is a town in the city of Bangalore with rich culture and heritage. It is also the site of the Kempegowda International Airport. It is a potential multi-billion dollar park with a couple of sophisticated IT Parks propping up here soon. The town is also proposed to have an aerospace park and Science Park. It is also going to be the hub for a financial city filled with futuristic and modern amenities including a lot of employment opportunities. This is why you will see a lot of villas in Devanahalli along with apartments and other residential projects. Rich in royal heritage, Devanahalli has seen the rule of Tipu Sultan and Vijayanagara rulers among many others. This is why the Vishnu Temple and Devanahalli fort are very famous. The town is also called Devanadoddi, and Devanapura. 

●     Real estate in Devanahalli

Kempegowda International Airport is 5 kms south of this town. This increases accessibility from the town making it more lucrative for real estate growth. This place in Bangalore has soon accelerated to become the real estate heart of the city. It is a residential paradise for many because of its growing amenities. Connectivity is its main forte. It is connected to the other parts of the city through the Bellary Road or NH7. It is also near to Yelahanka and Hebbal which makes it highly useful for commuters. Devanahalli is an integral part of Bangalore's Namma Metro project Phase 2. This is why apartments in Devanahalli are in huge demand. 

●     Infrastructure and Technology Hub

Apartments in Devanahalli are also famous because of the Infrastructure and Technology hub that the town proposes to be. Many International schools and reputed hospitals are located in Devanahalli which makes it a lucrative location for many working class people who live with families. Some of the Devanahalli residential projects are most sought-after in all of Bangalore. 

If you are looking for a stable and accessible location in Bangalore which will provide you and your family with all amenities, Devanahalli is the place you must invest in. Devanahalli residential projects are proving to be a goldmine investment for all.

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Here’s how you can calculate your house tax in India 2020-2021

Owners of property in India are liable to pay property tax. This tax is collected by the Municipal Corporation of a particular state. This differs from state to state. Nowadays, Property tax online payment can be done very easily. Let's understand some more points about property tax and how it can be calculated.

 

Every state has different rules and regulations when it comes to property tax. Property tax applicable for Apartments in Bangalore will be different than that of apartments in Mumbai, Chennai and Delhi.

 

What is Property Tax?
Property Tax is charged annually by the Government to property owners. It is charged from the property owners for different properties. This property can be residential like apartments in Bangalore and office premises as well. Well, if you are thinking who collects the property tax it is the Municipal Corporation or local government as authorized in that area. This property tax bill is basically used for infrastructural activities such as construction of roads, highways, sanitization etc.

 

Calculation of Property Tax
Property Tax is calculated for different locations, states and cities. A general calculation for the same. Base Value*built up area*age of property*type of property. This value is divided by building*category of usage*floor factor to get the property tax. This is why property tax differs for different types of property such as 1 or 2 bhk flat in Bangalore. The age of property also becomes an important factor in determining property tax.

 

Property tax calculation methods
Property tax payment can be done both in online and offline modes. Property tax online payment is much easier. Below are a few property tax calculation methods -

 

1. Capital Value System

As per this method, the property tax is calculated on the basis of the market value of the property. Where the property is located makes a major difference in this case too. Percentage of this market value will be the property tax to be paid.

 

2. Unit area value system

This calculation is on the basis of the per unit price of the entire built up area. Land price, usage and location become important aspects here.

 

3. Annual Rental Value System

This is the ratable value system. As per this property tax is calculated on the basis of rental value of property. Landmarks and amenities are of significance here.

 

Whether it is a 1 or 2 bhk flat in Bangalore or elsewhere, property tax needs to be paid and this guide will help you to understand your property tax in a better manner.

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Your property taxes in Bangalore may need to be checked in again!

Property Tax - This is an important payment for those who own a property in any place in India. When it comes to property tax it differs from state to state. In the city of Bangalore, the calculation and management of property tax is carried out by the Bruhat Bengaluru Mahanagara Palike (BBMP). It is calculated as per the Unit Area Value (UAV) of the apartments in Bangalore. 

●      Bangalore Property Tax Details

Property Tax differs from state to state and jurisdiction to jurisdiction. Calculating property tax on your property through digital mediums is very easy. The Bruhat Bengaluru Mahanagara Palike is categorized into six different zones or areas. The BBMP Property Tax Calculator is also a great and easy tool to calculate and pay your property tax online Bangalore. Property Tax in Bangalore can be paid annually or bi-annually. 

●      Process of Property Tax payment in Bangalore

Property Tax payment is made super easy with the Property Tax Online Payment. In the BBMP Property Tax Calculator it is important to fill in the required details for the property tax calculation. It is the usage, assessment Year, construction type, zone, year of Construction and Built-up Area that has to be added first. After adding all these details, Click on the SUBMIT button and your property tax for that current fiscal year will be shown on the screen. Whichever apartments in Bangalore you own, all kinds of apartments need property tax to be paid. 

●      Property Tax Payment - Offline

A property owner will be able to pay the property tax in both offline and online mode. Property Tax Online Payment is very easy to pay especially in the current pandemic scenario. The property owner can opt for offline or manual payment mode and has to pay the tax by first filling up the form at the nearest authorized Bangalore centers and ARO offices. These centers are usually the nationalized banks in Bangalore. Property owners of both 1 and 2 bhk flats in Bangalore can pay the property tax very easily. 

●      Property Tax Payment - Online

Outstanding property taxes can be paid very easily on the BBMP official website and does not need any hassle. One can also pay taxes online for your 1 or 2 bhk flat in Bangalore by entering a SAS application number that will help you to do your payments online easily. After you submit the application number, users can pay the property tax online easily using credit /debit card or internet banking. Property number will help you to initiate the payment process. Successful payment will generate a receipt with all the details of the online payment.

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Property Taxes – Everything you need to know about Property Tax Online Payment

Tax! This is a word that scares the common man. Taxes are of various types. Every person dreams of owning their home in a metro city, like the apartments in Bangalore. However, no dream comes without a tax. Whether you dream of starting your own business or buying your own home, tax is what you pay to the government as a mandatory financial charge. Income Tax, professional Tax, property tax are few of the many types of taxes a citizen has to pay in order to earn money in that particular country, practice their profession in a state or purchase a property of their choice, respectively. 

Failure to pay tax is punishable by law. Over the years many changes have happened through the Property Tax Bill. Nowadays, the payment and management of tax is easy and accessible because of property tax online payment. In this article, let's understand property tax, its characteristics and calculation. 

●      What is Property Tax?

Property Tax is also called House Tax. It differs from one municipal authority to another. For instance, property Tax for a 2 bhk flat in Bangalore, depends on the municipality law and regulation of that particular region in Bangalore. It is levied on real estate owners. 

●      Property Tax calculation

Whether you plan to purchase a 1 bhk or a 2 bhk flat in Bangalore, knowing how to calculate property tax is very crucial for good financial planning. Capital value system, Annual Rental value system and Unit area value system are the different types of ways to calculate property tax. Unit area system is paid as per the property unit price, the annual rental system depends on yearly rent and the capital value system directly reflects the market value of the property. In the technological online age, property tax online payment has become an easy way of paying your taxes. 

●      Property Tax characteristics

This is the tax which is generally used to maintain the civic amenities of that area. Property for apartments in Bangalore will be used for the maintenance of the civic amenities in that area. Civic amenities maintenance through property Tax includes cleaning roads, sewage areas, lighting, parks, various other residential and commercial infrastructure amenities etc. 

Taxes are a mandatory element. Proper tax planning and payment can avoid the overdue charges that you will be liable to pay if property tax is not paid on time. This property tax guide will help you to plan your tax management wisely.

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