What are the tips for first-time home buyers?

Buying your first home is considered one of the biggest achievements in life as well as finance. It is a major responsibility, and there is a good chance this will be the biggest purchase you have made to date. The process of buying a house might seem complicated at first, particularly if you are a home buyer dipping a toe into real estate for the very first time.

The majority of people need a loan to make a house purchase. In many cases, it makes sense to get pre-approved for a home loan before you start searching for a house. Your pre-approved loan can give an idea of how much you can afford.

Once you have determined how much you can afford and pre-approved for a home loan, search for a good real estate agent, or real estate developers in Bangalore or your preferred city. Your real estate agent should listen to your all requirements carefully. They may suggest or explain the market to assist you to find the best house that suits your requirements and that you can afford.

I have mentioned in a simple way following eight steps can help make the home buying process easier and help you make the best decisions possible.

Step 1: Start your research early

Step 2: Determine how much you can afford for a house

Step 3: Get prequalified and preapproved loan for your house

Step 4: Find the right real estate agent or real estate builders

Step 5: Shop for your house and make an offer

Step 6: Get a house inspection

Step 7: Coordinate the paperwork

Step 8: Close the sale

Gopalan Olympia, the most- admired, ready-to-occupy intemperance apartments with 2 and 3 BHK luxury apartments for sale in Mysore Road, Bangalore.

4 best places to invest in Bangalore for higher returns

Bangalore, the ‘Silicon Valley of India’ has seen a supreme transformation over the years. A city that is evolving with every passing day.

To invest in Bangalore is nothing but a boon, now as well as in the future. East, West, North, South, all the four zones work as strong pillars for the Garden City. With big IT companies, transport routes, malls, educational institutions, and many other social infrastructures, Bangalore has become one of the best places for real estate investment.

So, if you are keen to invest in Bangalore and are looking for the best of areas, this can be a quick help for you.

Here is a list of some of the best places to invest in the IT hub. 

1.Electronic City

To the South of Bangalore is a place which offers almost everything to the people who are residing, or plan to reside in this area. Top IT companies, well-built social infrastructure, renowned educational institutions, etc, makes Electronic City one of the hip and happening places in Bangalore. Affordable and comfortable homes both in Phase 1 and Phase 2. Gopalan Lakefront offers stylish 2BHK and 3BHK apartments for sale in Electronic City, Phase1. Your home for a happy stay.

2.       Kanakapura Road

The upcoming metro station and the continuous infrastructural development that this area is witnessing, has made it one of the most liked areas of Bangalore. This area has also seen a lot of residential as well as commercial development in the last few years. Proper connectivity and proximity to some of the major spots of the city have made this area a complete real estate zone.

3.       Yelahanka   

This area initially was not known for real estate investments. This part of the city dealt more with manufacturing companies and various factories. It was only after the setup of the International Airport that this area saw a boost in the demands for residential.

4. Thanisandra

One of the fastest-growing areas in North Bangalore. Not only residential, but this area has also seen an increasing demand even when it comes to the commercial part as well. Well-developed infrastructure, proper transport facilities, and the upcoming 72km Metro Rail Phase 2 only adds to the list of the various advantages that this area provides.

The real estate builders in Bangalore is only evolving. The introduction of RERA and GST has also not impacted much on the increasing residential demand. With all this, it has become clear that this sector in Bangalore is here to stay.

Importance of Amenities and Open Spaces in Residential Real Estate

Not just a great property, but now buyers also look for amenities and open spaces while investing in their dream home.

This is the reason why developers and builders in Bangalore have also shifted their focus from wooing buyers with the quality of properties to providing them with world-class amenities and vast open spaces where they feel healthy and close to nature.

Various amenities along with open spaces solve a lot of problems and help buyers engage in a variety of activities. Kids can make full use of the play area, elders can go for walks in the vast gardens, and others can use the gym and also go to the swimming pool to stay healthy and fit. Properties with open spaces and amenities have something for everyone. A perfect home for the lifestyle you deserve.

Why Open Spaces are Important

For a life as hectic as yours, all you need to do is come back to some fresh air.

Here are some advantages of open spaces:

·       Healthy Lifestyle

·       Enhance Property Values

·      Close to Nature

·       Building a Gated Community

·      Improved Appearance of the Community

A safe and secure surroundings where the residents can have some lone time as well as spend quality time with their families and loved ones.

When it comes to amenities, there is no limit to the number of amenities apartments can have. The more the amenities, the more it attracts buyers.

·       Clubhouse- A clubhouse has become more of a necessity and of great importance to every buyer. A well-equipped clubhouse with various lifestyle amenities will solve the purpose of celebrations, family functions, etc. A place where people come and meet each other, build communities, as well as take benefits of the amenities, present inside the clubhouse.

·       Gym - Fitness is something that almost everyone is concentrating on. But considering the busy schedule, you may not have the time and energy to look for a nearby gym and go their regularly. A gym inside the premises will be very useful and you can hit the gym whenever you feel like.

·        Kids Play Area - Playground for kids and bonding area for parents, serves the purpose for both. With almost zero playgrounds in cities, choosing a property with a kid’s play area has definitely become a priority.

With cities growing and becoming congested, to move around will be a difficult task. Gopalan Enterprises, with luxurious 2BHK and 3BHK apartments in Bangalore, provides naturally-lit homes with world-class amenities and vast open spaces to give you a healthy and comfortable lifestyle.

The impact of 3D printing in construction and real estate

The real estate has seen the highest number of changes compared to any other sector when it comes to technology and new innovations. The newest of all technologies that are creating a buzz in this sector and is taking convenience and intelligence to a new level is the 3D Printing.

What is 3D Printing?

Also referred to as additive manufacturing, 3D printing is a process that makes three dimensional solid objects from a digital file. It is useful for manufacturing geometrically complex components and prototyping.

The role of 3D printing in construction

The entire concept of printing a house has changed from science fiction to reality. Though this may take some time to understand, but the truth is that it is happening and houses are being constructed through 3D printing.

When people think of 3d printers, they think of printers that are a bit smaller or almost the same size as an oven. But these are not the 3d printers that are used to build houses.

The 3D printers that are used to construct houses are massive machines and use special materials which include fast-drying concrete.

Gopalan Enterprises offers luxurious 2 and 3 BHK apartments in Bangalore. The company is known for its quality construction and has delivered some quality projects in and around Bangalore.

Here are a few reasons why this method of construction is gaining a lot of attraction in the real estate sector.

1.       Speed

When it comes to the speed of constructing a house, 3D printed houses have a lot of advantages compared to homes that are built traditionally. You will be surprised to know that there are some houses that were built within a day or two using 3D printing.

Now compare this time with the old standards where it would take weeks or months to complete construction.

2.       No Noise Construction

Everyone is aware of the atmosphere around a construction site. The hammering sound, drilling, sawing, yelling and all the annoying noise. But when it comes to 3D printing there is a possibility of a quieter construction area. Too much noise can cause construction teams to pause their work or start it at a time which may be convenient for the surroundings but may not be for the workers. With 3D printers, there can be a non-stop construction process be it lunch, dinner or even midnight.

3.       Low Labor Cost

3D printing can lower the labor cost as most of the work is being done by the machines. To be précised, 3D printing can lead to an 80% reduction in labor costs. This leads to a massive cost saving for the builders. Less management and more time to focus on the work, what else does a construction company need? Also, there is almost zero chance for errors as humans make mistakes, but machines don’t.

4.       Various Design Possibilities

With 3D printing, there are options to go crazy with when it comes to design. Traditional techniques of construction mostly deal with rectangular shapes whereas the mechanical arm in 3D printing can add a lot of color to a boring design.

With limitless possibilities and huge potential, this new method used in construction is all set to create a benchmark for the real estate industry.

Gopalan Enterprises offers luxurious 2 and 3 BHK apartments in Bangalore. The company is known for its quality construction and has delivered some quality projects in and around Bangalore.

Gopalan Olympia at Mysore Road offers you luxurious flats for sale in Bangalore with outstanding amenities that are worthy of your lifestyle.

Reasons to Invest in Property this Festive Season

The Indian festive season is considered to be the most awaited as well as the auspicious season for property and home buyers to make some big investments.

The period is usually marked by a number of offers, new project launches and a lot of other deals that attract more and more customers.

Here are some reasons as to why the festive season is the right time for real estate investments.

1.       New Project Launches

It is during the festive season that a lot of developers launch new projects. They consider this an auspicious time for any launch. On the other hand, a lot of property buyers choose this time of the year to make any big investments. So the festive season rightly works for both the real estate developers as well as the home buyers.

2.       Festive Offers

To attract customers, turn them into prospective buyers and meet their sales targets, a lot of developers come up with various schemes and offers during this season. The schemes can be ranging from finance schemes to giving something for free. Offer! Free! Sale! Discounts! Are words that make people happy, and all this on the festive season is surely the cherry on the cake.

3.       Low Interest Rates

The festive season is usually the time when banks take the initiative to reduce the interest rates on property loans. For example, RBI this year has reduced interest rates to a four year low irrespective of the loan amount which has worked for the betterment of the customers. This move by RBI is expected to lower home loan EMIs by 8-10 percent.

4.       Increase in Disposable Income

This is the time when companies generally announce appraisals or bonuses for their employees. This can serve as a down payment option for buyers with a sense of financial security. These slight increases in incomes can come as a big relief for home buyers as they can invest their money in their dream home.

Gift a luxurious home to your family this Diwali and save up to Rs. 10 Lacs at any 2BHK and any 3BHK. Gopalan Lakefront offers you ready to move-in flats in Electronic City 2BHK at Rs. 73 Lacs and 3BHK at Rs. 90 Lacs, any size, any floor. Hurry, book NOW!

Is it better to buy an apartment or independent house in Bangalore

Selecting a better location would give a better appreciation of your investment. While some people select independent houses, others prefer apartments. Usually, properties having high rates in metropolitan cities like Bangalore so most of the home buyers look at apartments as their preferred choice.  These come marginally less expensive than independent homes. 

While an apartment property comes with all the amenities such as parking spaces, security, power back-up, fire safety mechanism in place and water system, an independent property needs extra effort for setting up all these services.  It is estimated that one needs to spend 2-3% of the total property value on these amenities around an independent house.

In case you are planning to take a home loan for buying a property, it is difficult to get the loan for independent homes than an apartment. Loaning banks regularly prepare a list of sanctioned projects where buyers can easily get their loan approved. However, banks sanction loans after strict investigation of borrowers for independent properties.

The independent homes need constant efforts for cleanliness, maintenance, construction, and repair. It has been observed that the cost of maintaining an apartment property is less than that required for an independent house. However, the maintenance is taken care of by society’s RWA in apartments.

The Real Estate industry estimates suggest that apartments are more in demand now. Real Estate developers in Bangalore are now bringing apartment projects with a mix of plotted developments. If you decide to sell your property at a later stage, it is simpler to sell an apartment. Within apartments, 2 &3BHK apartments are the most in-demand in Bangalore. 

If you want to buy a property, do your groundwork on all the above parameters.

The best localities in Bangalore to invest in real estate in 2019 and beyond

When we hear about Bangalore, we quickly relate to IT parks, gardens and of course the Chinnaswamy Stadium.  Also known as the ‘Silicon Valley of India’, this city is well-known for software companies and is a hub for IT professionals.

Lately, Bangalore has seen increasing growth in terms of real estate investment. The booming infrastructure and other strong developments make the city offers high returns on selling and rentals of properties compared to other metropolitan cities.

Here are some best localities in Bangalore to invest in real estate.

1.       North Bangalore

Well-connected to the Outer Ring Road, this is an attractive area for all real estate investors. Considering its close proximity to the airport and the Central Business District, the property values of this area have witnessed a hike in the past few years. Yalahanka, Hebbal, Devanahalli, and Thanisandra are serene residential areas of North Bangalore with large empty lands for the construction of properties, making these areas cost-effective investment options.  

2.       East Bangalore

Though Whitefield is considered to be the most popular residential area of East Bangalore, it is Varthur and Budigere that are catching the attention of investors lately. If 70-80 lakh is your budget, you can consider investing in East Bangalore. With the metro expansion coming up, the apartments in Whitefield and its surrounding areas are already in high demand.

3.       West Bangalore

Though an industrial zone, areas like Tumkur Road, Rajajinagar, and Yeshwantpur are upscaling rapidly to an affordable housing option for investors. With comparatively lower entry prices, West Bangalore is becoming a beautiful destination for long-term investors.  

4.       Sarjapur Road

Located in the south-eastern part of Bangalore, Sarjapur Road is turning to be an investor’s delight. With many IT companies showing interest in this locality and many already having put up their offices, this is resulting in the development of housing areas to cater to the needs of IT professionals in an affordable manner.

5.       BTM Layout

With robust infrastructure and a number of residential options, BTM layout is reaching the top of a property investor’s list. The rental value of this area is increasing due to the advantage of its location and its connectivity to some major parts of the city like HSR Layout, Koramangala, and Bannerghatta Road.

If you are looking for a long-term investment in real estate with higher returns, Bangalore is the place you should consider. Though developing rapidly, the ‘Green City’ still lives up to its name and retains its charm. Also, there are top builders in Bangalore who provide luxury apartments in and around Bangalore.