Electronic City is one of the areas of Bangalore which is enjoying major growth and development in the real estate market. No longer considered the outskirts of the city, this neighbourhood is now a major IT hub, drawing in thousands of techies every year who are employed in the many tech companies located here. The most promising aspect of this part of the town is that although it has seen remarkable growth over the past few years, it is, in no way, saturated. Therefore, there is no stopping the real estate growth in Electronic City. So if you are interested in making property investments in the city, we suggest you to consider Villas in Electronic City as they guarantee you the highest ROI amongst the many options.
However, the investment can only be successful if you do your research properly prior to home buying. We decided to help you out with some golden words of wisdom to hold on to, before you dive into the property market of Villas in Electronic City.
1. Neighbourhood Watch
Electronic City covers a huge square footage. This part of Bangalore which is located in the south-eastern part of the city is almost a small town on its own. As such it is crucial to look into more concentrated localities before investing in Villas in Electronic City.
Ensure that you shortlist Villas in Electronic City based on their local amenities and distance from key parts of the city. A home, which is just a drive away from work, hospitals or the major eating, drinking and entertainment spots, is definitely worth the investment value.
2. Legal Help and Research
Get the help of experienced property lawyers to go through the paperwork and ensure that everything is in order. Property laws in India can be very convoluted. They also fluctuate from time-to-time and state-to-state. Property lawyers can also help you avail the best deal on home loans, in case you decide to take that course of action. Enlisting proper legal help will ensure that the entire investment process happens smoothly and without any legal or financial roadblocks.
3. Builder Verification
We can’t stress enough on the importance of investing in houses that have been undertaken by reputable builders. Check their previous records by reading up on their builder reviews online. You can also ask previous investors, who have had one-on-one experience of dealing with the particular builder that you are considering.
We would only suggest fully certified builders who have previously undertaken similar projects of equal or larger magnitude. Look into the total time of construction of their previous projects, in order to avoid delay in occupying dates.
4. Check the Villa Amenities
If you are going to be investing in a luxury villa in Bangalore, then might as well ensure that you get the full scope of luxury amenities. Expansive swimming pools, state-of-the-art clubhouses, modern tech security systems, these are just few of the luxury amenities that we think are a must-have for a luxury home in Electronic City.
5. Look into property appreciation prospects
Buying a property in an upcoming neighbourhood isn’t enough, if you’re hoping to get a good resale value. It only makes sense to invest in a market that will definitely appreciate in the near or far future. The Yellow Line of the Namma Metro project, which is slated to be completed in September 2018, is expected to boost property prices in Electronic City I and II.
Thanks to the huge scope of growth and development that is still left in this part of Bangalore, you can comfortably invest in a luxury villa in Electronic City.