Buying a home is a worldwide dream and a majority of us work hard to achieve it, don’t we? Possessing a dream home gives you that ultimate satisfaction of having shelter for a lifetime – an unbeatable feeling. You save money for years to invest in that one property that you can call your dream home. This is one of the most significant decisions of life so every step that you take towards it needs to be cautious.
Out of the array of decisions involved in property investment, one of the most critical ones is to know – The Right Time & The Right Place where you can invest your hard-earned money. Today one of the hottest destinations for property investment is Namma Bengaluru. You may ask why buy a house in Bangalore?
Well, this city has seen a significant uptick in the real estate market. This upward trajectory can be attributed to various factors few of them include the flourishing job market, infrastructure, and the evolving standard of living. Bangalore has become one open landscape for the builders to create exceptionally beautiful homes, gated and smart communities. All in all, Bengaluru has unquestionably turned into an exceptionally sophisticated metro city of the country.
Building further on this, let’s highlight the major indicators which suggest why it is the right time to buy a dream home in Bangalore.
1. Ever-Increasing Rentals
As the Silicon Valley of India, Bangalore is home to people from all across India and even abroad. Hence rising demand for Rental Properties makes the increasing rate of rentals fairly evident. Hence it is better to buy a house in Bangalore and invest in your property rather than pay high rents. Extending yourself to pay a few thousand more to invest in your property is way better than spending those on flat rents.
2. GST (Goods & Services Tax)
The government has made buying homes easier by cutting the Goods and Service Tax (GST) on under-construction properties. Currently, the rate of GST on under-construction properties is 12 per cent on payments made for under-construction property or ready-to-move- flats where a completion certificate has not been issued at the time of sale. Still, the Government is planning to lower it down to 5% for under-construction properties and 3% GST for the affordable housing sector without the input tax credit.
3. RERA (Real Estate Regulation and Development Act, 2016)
The Central Government has been incessantly reviewing the policies under the Real Estate (Regulation and Development) Act, 2016. The government has initiated welfare reforms under RERA to protect the homebuyers and at the same time boost investments in the real estate industry.
With all-new RERA you are promised with utmost transparency of the project and timely delivery of your property. It is highly advisable that if you are planning to buy a house in Bangalore then invest in RERA- compliant projects only like the ones from SJR Primecorp Group.
4. Great Investment Opportunity
Investing in a property in Bangalore is one of the most profitable investments – not just financially but also when you put it on the emotional meter. Owing your property gives you the satisfaction, confidence, and security for a good future with assured returns on your investment. In addition, it helps you utilize your spending’s on rents in other appealing investment projects.
5. World-Class Properties
The expectant, tech-savvy population of Bengaluru, hunt for sustainable, visually appealing and smart homes. Indirectly they have been challenging the creative nerve of the builders, who coddle to bring the chicest design to the plate. So, if you buy a house in Bangalore, be sure of investing in properties that have world infrastructure, amenities, and features.
In The End…
Indeed, with the government intervening actively in this industry sealing the interest of the homebuyers it is a good time to buy a house in Bangalore. SJR Primecorpoffers some amazing luxurious residential properties with all modern amenities that promise a life full of comfort and luxury. With properties designated to meet the ever-growing demands of the modern buyer, SJR Homes are a cut above the rest. View our projects right here.
