Owning a House in Bangalore:What Should You Keep in Mind?

The Silicon City Bangalore, known for its rapid growth rate of 10.3%, is a home to some of the super rich and millionaires. Having seen a tremendous boom in Information Technology (IT) and electronic goods since Independence, the city ranks among the top 10 entrepreneurial spots all around the globe. So, it is not hard to see why the place has become one of the most desired locations for investment in terms of real estate. Buying a house in such a city remains a distant dream for many. The buyers from upper strata in terms of per capita income can make their dream come true, provided they invest properly and keep a note of few things.

To buy a house in Bangalore, you need to have a decent knowledge of the preferred locality as well as the current market trends. It would, no doubt, be a huge investment on your part and you cannot take it as a piece of cake. Though enough information is available over net, you need to do go a step further by interacting with owners of houses already residing in that locality and by watching market trends over a period of time to get into the skin of the things.

Knowledge of how things work in real estate business in this city, or anywhere else, for that matter, is something that can help you immensely in buying flats in Bangalore. Go for the leading developers instead of local players in the market. The renowned builders are backed by trust, reputation and are better at getting you what you want. On contrast, you may end up being a victim of hoodwinking and compromised quality if you try saving money by choosing local dealers.

Being a little informed about property prices and their fluctuations over time can be rewarding. As the city has a lot to offer to those who are looking forward to luxury in terms of houses and villas in Bangalore, it is important to understand that a property price offered by one dealer may not be the best for you. They may try duping you by overcharging, so when looking for ads on flatsfor sale in Bangalore, try watching similar ads by other developers too.

Choose localities that provide best amenities are have good road & rail connectivities. Buying a house in the areas like Jayanagar, Indiranagar, JP Nagar, Sarjapur, Electronic City, Whitefield, Horamavu, Hennur road, Begur road, Hebbal, and Uttarahalli can be the best for you if you are keeping luxury as the top priority. Some of the prominent projects can be seen coming here in future, with plethora of houses rendering mod cons already developed. You may like to know that price per square feet has gone up by about 6% in past twelve months. The current psf value in July, 2013,is Rs. 3787 per sq. ft. The minimum price that you can expect of buying a housein Bangalore is around 5-6 lacs. And maximum can go in crores. Decide your budget and be very specific about what you are looking for.

For getting informed about the available flats for sale in Bangalore, visit the real estate portal Makaan.com, India's fastest growing property website.