Can real estate in Vadodara offer affordable luxuries?
If the current situation is to go by in the area, it is certainly possible for people looking for real estate in Vadodra to get plenty of modern amenities on par with international standards. A few developers have moved out of the city to offer first homes and very affordable and attractive second homes properties in green environs. It is time to check the amenities and what else is on offer if the NA plots are so affordable? The social status of people is changing with good incomes. What can one expect from the developer who offers land to build individual homes?
Regular overheads in a city home
A residential property is a much sought after asset especially in prime localities. Having a roof over the head also means luxuries like club house, gym facilities, parks, playground for children, enough car parking space, security, 24 hours water supply, cable TV connection, annual maintenance or property management. In high-end societies the premium is on double-parking, enhanced security systems, alarm systems, speed elevators and cleaning services.In many cities every residential property reasonably priced will drill a hole of about minimum 30 lakhs. Most people prefer to invest in this asset no matter how long it takes to get it (even if it means getting it over a 20-year period of home loan with EMI). But if a larger plot of land is available just outside the city whereby one can build a home with indivdual specification, is that not a dream come true? An average midle class coupe can now simply look at affodrbale units in the most natural surroundings, with all the trappings of luxury they need. This is the biggest gain for real estate in Vadodra.
Increase in developers offering properties
The numbers of builders and developers have increased in the last two decades. Since real estate activity has become lucrative even corporates and reputed industries are opening up real estate divisions. This has of course increased the number of players in the residential property market. Naturally it is difficult for ordinary people to understand which projects are safe to invest in. If you choose a developer who has a good reputation for making second homes then half the battle is won. They offer NA plots that come with all documents cleared. All titles are clear and if you need a loan, they can help you to get one. In the prime years most couples can easily get the loans and pay emis and construct their own homes. A developer who has a company with anISO certificate means he is working on strict industry standards and can be trusted. With this kind of professionalism there is more transparency in dealings between the developer and the homeowners. Buying real estate in Vadodara outside the main city is increasing and it is best to go with developers who deal transparently. If the developer also offers a gated community project with affordable amenities then, it is worth investing in the land all the more.
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