Five Tips for Buying and Investing in Villas in Electronic City

If you have decided to invest in one of the luxury villas in Bangalore, you should look to buy 3 BHK villas in Electronic City. Read on for five tips for buying in one of Bangalore’s hottest micro-markets:

1. Before you decide to buy, visit the locality. Electronic City is considered the IT hub and is home to many MNCs in the sector. If your workplace is in and around this micro-market, nothing like opting to buy a villa in the vicinity. Even if you don’t work in Electronic City, the neighbourhood is well-connected to the rest of the city, thanks to NICE Road and Hosur Road Elevated Expressway. Also, the social infrastructure in Electronic City is excellent; there are reputed hospitals, schools, colleges and restaurants in the neighbourhood.

2. The next step is to zero in on some projects in the Electronic City vicinity. Most developers who are into luxury villas in Bangalore choose localities like Electronic City because of the availability of large parcels of land. Villas are luxury projects, so space is a big thing. So, do your research and zero in on some projects in Electronic City.

3. Choose builders/developers with credibility and reputation. Ideally, it is best to choose a developer/builder who has other projects across the city and has proven to complete and deliver projects on time. Find out about titles and timelines, and also the price per square foot, and whether it is reasonable or not for that locality.

4. Once you are convinced about the titles etc, seek more details about specifications of the project. What is the quality of construction, the fittings used and the design? If you opt to buy 3 BHK villas in Electronic City, you should first ascertain if they are designed according to the highest standards. Also find out about common area amenities — is there a pool, gym, spa?

5. Investing in a villa in Electronic City is a good choice because the locality is bound to see more growth, and capital values will increase in the future. The micro-market has seen a good price appreciation in the recent past.

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Created on Apr 24th 2018 04:13. Viewed 357 times.

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