Top 10 Advantages of Buying a House in Bangalore

Top 10 Advantages of Buying a House in Bangalore

March 12th, 2022

 

Karnataka’s capital city, Bengaluru, is famous for being the IT capital and home to various start-ups. Located about 3,000 feet above sea level, the Silicon Valley of India allures thousands of people, all because of its pleasant weather all year round and the countless opportunities it offers.

As more people inter into the city, the demand for residences has increased, and with that, the real estate industry has seen a corresponding rise to feed the demand. If you’re thinking about whether buying a house in Bangalore is better than renting one, then the clear choice would be the former.

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This is the perfect time to invest in your future home since banks are offering loans at an all time low interest rate. Here we discussed the various advantages of buying a house in Bangalore. Let’s take a closer look into it-

Top 10 Advantages of Buying a House in Bangalore

Growing Market

Various upcoming residential projects are expressive of the ever-growing demand in the real estate industry. Since Bengaluru is the start-up and IT hub, there is always an inflow of people from other cities. Buying a property in a growing market such as Bengaluru will be a blessing since you can distribute your money towards gaining assets while avoiding paying rents.

Rental Income & Better ROIs

Property investment is one of the best practices to expect safe and higher returns. Regardless of what property you buy, the returns are going to be satisfying. Especially an apartment in Bengaluru can become an extra way of revenue generation if you decide to rent it out and use that money towards your EMI. Should you decide to move cities at a while later, you can always rent out the property to make extra income.

Stable Appreciation

The population in Bengaluru is on the rise, and real estate companies are in the race to offer various housing options. With the increase in real estate developments, land appreciation and apartment prices will definitely increase. Even if you sell the house in just two years, the returns will be profit-making.

Affordable Home Loans

With a stable source of income, you can easily avail of home loans. It is now much easier to get home loans than before. The process for obtaining loans has also become favourable and simpler. Regardless of what occupancy you look for, finding a wide range of home loans that suit all your needs, is very easy. If you’re able to finalize on a property – one that is value for money and with facilities to serve to all your needs, then loans can be processed in a second.

Tax Benefits

Buying a property with a housing loan means huge tax benefits for you! A large part of your earnings would vanish without the right investments. If you want to fully enjoy your gain, and save a noteworthy part of your tax amount, then a home loan for a property in Bengaluru will surely be of great help.

Inspire To Save More

Paying a larger down payment is a much better choice than paying a higher EMI every month. Hence, the moment you’ve decided to invest in your house, you could start working towards saving more so that you can make an effortless down payment. Strict monthly allowance, mutual funds, and other automated saving plans are a great way to ensure higher savings. Even after buying your apartment, you will be motivated to save more so that you do not feel the load of an EMI.

Assuring Freedom

The fear of being chased on short notice looms large amongst many tenants and the worry amidst about an annual increase in the rent is also purposeful. But, when you purchase your own home, you have the pliability and freedom to plan your stay. This ensures a sense of secureness in homeowners.

Quality of Life & Safety

With good quality housing, comes a better quality of living. Bengaluru has some of the excellent residential projects that set the bar up high. Reputed builders offer homes that are supreme in quality and lifestyle. Homes are now planned to strike a perfect balance between resort-like living while being easily approachable to reputed schools, good hospitals, office spaces, and a lot more. With around-the-clock security, apartments, villas, and gated communities give a sense of safety and privacy.

Community Living

Residents of apartments assemble around and celebrate festivals and other special events. Living in an apartment inculcate a sense of unity and supports communal harmony. Living in an apartment is perfect for everyone – from bachelors/ bachelorettes, elementary families to senior citizens – since help is consistently around.

Emotional Gratification

There is nothing more satisfying than having a space to call your “own”. Anyone who has lived in a rented house knows how landlord could restrict any modifications done to their house. From simple things like gardening to hanging a photo frame, you would have to take the owner’s approval in advance. With your own home, you can modify it the way you like and make customization that suit your taste. You can decorate and give a personal touch to your spaces however you want them.

Conclusion

In a city like Bengaluru, buying your own home is clearly to secure a better future. Investing in a house in Bangalore that is convenient and serves to all your requirements assist an affluent lifestyle. There is no better time to get started on buying your perfect home, than now. Owning from a reputed builder will ensure a easy and free process and on-time delivery.

You can find your perfect home in any of SOBHA’s wide range of apartments, villas, and plots over Bengaluru. For over two decades, SOBHA Limited is one of the most reouted and trusted real estate players in the country. The company is committed to excellence and delivering great quality products on time. SOBHA’s backward integrated model – a concept that makes the company self-reliant and independent, is aimed at providing best quality across widespread departments.

When you spend your hard-earned money, choosing a quality home is not only safe and secure but also a smart idea.

You can also call or WhatsApp @ 8825183565 if you are planning to buy flats in Bangalore.

About Admin

Noopur writes the content on real-estate from several years and she is one of the few writers who provide the thought provoking content on best properties deals.