Advantages Of Buying A House in Bangalore

Karnataka’s capital city, Bangalore, now known as Bengaluru, is famous for being the IT capital and home to numerous start-ups. Located about 3,000 feet above sea level, the Silicon Valley of India attracts thousands of people, all thanks to its pleasant weather all year round and the countless opportunities it offers. As more people set foot in the city, the need for residences has increased, and with that, the real estate industry has seen a corresponding rise to cater to the demand. If you’re wondering whether buying a house in Bangalore is better than renting one, then the obvious choice would be the former.

This is the ideal time to invest in your future home since banks are offering loans at an all-time low-interest rate. Here we discussed the numerous advantages of buying a house in Bangalore. Let’s take a closer look into it-

10 Advantages of Buying A House in Bangalore

One doesn’t need a lot of reasons to buy a home. However, here are a few reasons why buying your property in Bengaluru is advantageous.

1. Growing Market

Numerous upcoming residential projects are suggestive of the ever-growing demand in the real estate industry. Since Bengaluru is a start-up and IT hub, there is always an influx of people from other cities. Buying a property in a growing market such as Bengaluru will be a blessing since you can allocate money towards gaining assets while avoiding paying rent.

2. Rental Income & Better ROIs

Property investment is one of the best ways to expect safe and higher returns. Regardless of what property you buy, the returns are going to be rewarding. Especially an apartment in Bengaluru can become an additional source of revenue generation if you decide to rent it out and use that money towards EMI. Should you decide to move to cities at a later stage, you can always rent out the property to make additional income.

3. Steady Appreciation

The population in Bengaluru is on the rise, and real estate companies are in the race to provide various housing options. With the increase in real estate developments, land appreciation and apartment rates will definitely increase. Even if you sell the house in just two years, the returns will be profitable.

4. Affordable Home Loans

It is now much easier to get home loans than before. With a steady source of income, you can easily avail of home loans. The process of procuring loans has also become convenient and simpler. Regardless of what tenure you look for, finding a wide range of home loans that suit all your needs, is easy. If you’re able to finalize on a property – one that is value for money and with amenities to cater to all your needs, then loans can be processed in a jiffy.

5. Tax Benefits Galore!

Owning a property with a housing loan means huge tax benefits for you! A large part of your earnings would disappear without the right investments. If you want to fully enjoy your increment, and save a significant part of your tax amount, then a home loan for a property in Bengaluru will surely be of great help.

6. Inspire To Save More

Paying a larger down payment is a much better option than paying a higher EMI every month. Hence, the moment you’ve decided to invest in your house, you could start working towards saving more so that you can make an easy down payment. Strict monthly budgets, mutual funds, and other automated saving strategies are great ways to ensure higher savings. Even after purchasing your apartment, you will be motivated to save more so that you do not feel the burden of an EMI.

7. Assuring Freedom

The fear of being evicted on short notice looms large amongst many tenants and the worry about an annual increase in the rent is also persistent. However, when you buy your own home, you have the flexibility and freedom to plan your stay. This ensures a sense of stability in homeowners.

8. Quality of Life & Safety

With quality housing, comes an improved quality of living. Bengaluru has some of the finest residential projects that set the bar up high. Reputed builders provide homes that par excellence in quality and lifestyle. Homes are now designed to strike a perfect balance between resort-like living while being easily accessible to reputed schools, hospitals, office spaces, and much more. With round-the-clock security, apartments, villas, and gated communities offer a sense of safety and privacy.

9. Community Living

Residents of apartments gather around and celebrate festivals and other important dates. Living in an apartment instils a sense of unity and aids communal harmony. Living in an apartment is ideal for everyone – from bachelors/bachelorettes, and nuclear families to senior citizens – since help is always around.

10. Emotional Gratification

There is nothing more gratifying than having a space to call your “own”. Anyone who has lived in a rented house knows how house owners could restrict any modifications done to their house. From simple things like gardening to hanging a photo frame, you would have to take the owner’s approval beforehand. With your own home, you can customize it the way you like and make modifications that suit your taste. You can decorate and personalize your spaces however you want them.

Conclusion

In a city like Bengaluru, buying your own home is a sure-shot way to secure a better future. Investing in a house in Bangalore that is convenient and caters to all your requirements promotes an enriched lifestyle. There is no better time to get started on owning our perfect home, than now. Buying from a trusted builder will ensure a hassle-free process and on-time delivery.

When you spend your hard-earned money, choosing a quality home is not only safe and secure but also a smart idea.