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The Top Reasons Why Bangalore Is The Most Liveable City In India!

Call it Bangalore or Bangalore, it is the most luxurious Indian city that we have and provides all the necessities that anyone would need in order to lead a life. From posh and a luxurious living standard to middle budget ones, there is something for everyone. And if you want to explore the liberty and freedom of India, then Bangalore is the place to be. Easily one of the most developed cities with its booming IT hub; here are 5 reasons which make Bangalore the best Indian city to reside in.

5 Reasons To Choose Bangalore For Residing

The Climate – One of the main reasons why people shift to Bangalore is because of the soothing climate. It is sunny and really vibrant in the mornings, and in the evening a cool breeze blows. So, in short, it provides everyone with a soothing atmosphere to reside. So get ready to snuggle up under the blanket every single day in this fantastic city. 

New Plus Traditional – Are you a follower of the traditions? Well, then Bangalore blends in all the elements that one needs to lead a modern lifestyle and at the same time vale one’s roots. One can get the real taste of the modern metro city and still be quite attached to the feeling of nostalgia and timelessness. Bangalore surely makes everyone awestruck with its beauty.

Cheap And Manageable Cost Of Living – Bangalore is one of the most flocked metropolitan cities that India has, and loads of people migrate every year from different parts of the country to this city. The reason? Because it is so liveable. The apartments are both luxurious and at the same time liveable in any budget that one wants. Affordable and liveable, no other city is as good as this.

North Bangalore is one of the prominent locations in Bangalore, If you live in Bangalore then buy Flats in Thanisandra Bangalore.

Powerful Economy – Want to live in a city that has a huge economy? Bangalore is the place. So are you planning for a new startup? Yes, this is where you should settle if you want it to be really successful and booming in no time. Moreover, the IT industry adds to a lot of GDP of the state making it one of the most important states of India presently. 

Amazing Places To Eat – Are you a foodie by heart? Bangalore is going to be your favourite place once you move in here. With a plethora of places to dine from, both veg and non-veg, you are going to be spoilt with choices. It is literally the paradise for every food lover, so time to stop that diet and start eating.

So these are the top 5 reasons what makes Bangalore the best city to reside in India. If you are still not convinced about this, then you should definitely head to Bangalore once to fall in love with the beautiful city. So the next time you decide to buy a home, settle at Bangalore, you will never want to go anywhere else.

After seeing all the advantages of living in Bangalore if you wants to buy flats and live visit below pages based on your requirement.

Flats for sale in Bangalore within in 50 Lakhs: https://www.saikalyanbuilders.com/flats-for-sale-in-Bangalore-within-50-Lakhs

Flats for sale in Bangalore between in 51 to 60 Lakhs: https://www.saikalyanbuilders.com/flats-for-sale-in-Bangalore-within-60-Lakhs

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Vastu Guidelines For A Building An Ideal House And Element Water Body

What Is Vastu Shastra?

Vastu or Vastu Shastra is an important field of traditional Hindu architecture. The very basics of Vastu architectural principles have been mixed with the laws and guidelines of nature, spiritual energy, and positive power. Maintaining the basic Vastu laws and rulws will help you to bring prosperity, happiness, physical and mental peace to your family and yourself. Vastu is based on scientific principles and laws; it is not the case of something irrational or irrelevant. So in this article, you will get to know few important tips which you must abide by the Vastu laws and also you will get to know the aspect of the importance of water element.

This section of the article will deal with some important Vastu Tips while you buy a new property to build your house:

● According to the Vastu architectural guidelines, it is recommended that you buy a rectangular or square shaped property. Avoid owning properties which have big corners, uneasy turns, and sharp corner cuts. This will help you to build and construct a house over the square or rectangle property in a much better way. Construction on curved or sloped places is difficult.

● Directions are important while constructing your house. Different directions have the significance of their own. For example, the prayer room should be constructed in the North-East corner of the property which is a very auspicious direction. This attracts more spiritual and positive power.

● Make sure that there are no broken walls, statues or faded paintings in the prayer room. You can paint the room yellow or red because they are vibrant and spread a feeling of warmth and passion which are necessary when you are praying. Pictures of violence, the struggle should be avoided being put up in this room.

● Living room, dining room, and the study room can be constructed in the North-East corner of the property. You can see that more emphasis is put on the North East corner of the house; this is because the north east direction brings good health prosperity and positive power.

● The entrance to your house is an important element. Make sure it is not located in the south and west entrances of the house because of the sun's rays that fall over them are harmful during the afternoon. Try to construct the entrance in the North-East or north direction. If not possible then any other direction will deem fit.

● There should be very good ventilation, and there should be enough access to sunlight. Keeping your house airy, filled with warmth makes it comfortable and builds up a healthy ambiance. A North, North-East or East facing property is recommended because they get ample amount of both the elements.

● Construct the kitchen in the direction governed by the element of fire. The direction South-East is ideal for the kitchen. The bathroom can be constructed in the south-west or southern corner of the property.

So these are the few important guidelines which you can follow and based on which you can construct your house. Following the Vastu guidelines will help your house, and it's members to gain all the positive aspects of natural ways and daily lives. The next section deals with the placement of water element im your property and how it will have an overall impact in your life.

Why Water Element Is Important In Your Property And What Are The Tips For It?

Humankind is connected with nature and its laws all the time. People are surrounded by Mother Nature and her elements which help you in every step of your lives. Water is one of the most important elements of nature which has a significant impact on all of your lives. You cannot imagine your lives without water. Therefore there are some important values and needs of water which you must abide to get the most out of the positive energy of water in your house.

● Water is one of the most important elements of human lives without which humans would not exist. Therefore it is crucial that you have a water body, big or small in your so that you can enjoy the cooling effect of it in the surroundings.

● Flowing and moving water has been proven to reduce stress and provide relief. The placement of the water body should also be taken into account. The ideal direction to place it is the North-East because of its positive impact on the overall design of your house.

● Keeping a water body inside your house is auspicious as well. Aquariums are powerful energizer of water. They have both water and living energy flowing within it. It is believed that fish aquariums attract good luck, prosperity and wealth to you.

● You must avoid placing any water body in the south-east corner of your property. This is because it is the direction of Fire as discussed above. Therefore if you place water and fire in the same direction, it can have a negative impact on your house.

● Make sure that you do not have a stagnant water body. Circulating bodies are more beneficial than stagnant water. Stagnant waters can attract unhealthy elements like the mosquitoes which can spread around dangerous diseases. Whereas of if you have circulating water will help the surroundings to get fresh air and increase the beauty.

The Bottomline

The importance of keeping the principles of Vastu in mind should not be neglected. Using proper plans for the correct direction will help you to bring a good ambiance, prosperity, good health and peace of mind to your house and yourself. Therefore it must be noted which colour can go well with which direction and decorate your house accordingly. The placement of water is also important and taken into account. Your home is a place of good ambiance and must promote secured peace of mind to you and your family. Follow the vastu rules and architectural plans to maintain a beautiful and healthy surrounding both inside and outside your home.

Sai Kalyan Builders and Developers in North Bengaluru constructing ‘ULTIMA Smart Home’ project near Manyata Park, with 100 Vastu. If you are planning buy flat near Manyata Tech Park then ‘ULTIMA’ is one of the best choices.

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Some Reasons Why You Need An Interior Designer For Your Home

Are you a busy person? Right?

Don’t have enough time to design your home?

And need to upgrade your home? Many home proprietors are looking for the same but for the time consuming they can’t do that properly. To designing the dream home needs proficiency, awareness, and capability to build your house more luxurious, also as evaluated to the new tendency of designing, decorations, themes, colors, and shades. That is why you must hire the experienced professional for home remodeling and improvement. They are very proficient, and not only give you artistic solutions but also put their attention to the smallest details which will transform the space into a wonderful abode.

So, let’s look why you need a professional interior designer to design your home perfectly.

Needs A Classic Look

Interior designers are spending years to perfecting their work craft, and this makes them conscious of every single detail. Though fabrics, color, and furniture are playing an important role in designing, there is the overabundance of ordinary tasks which are necessary of designers. The interior designer will give expertise in ergonomics, design, ethics and spatial concepts, etc.

Home That Reflects Your Personality

A home is the identity of the house owner, and it imitates who you are. The Professionals designers will listen to you, your needs, and then they create the exact original design which fits the space perfectly. This will provide you the positive image before the works get the start.

Ideas Of The Best Uses Of Your Space

The expert designers know the limitations of the design well and get themselves familiarized with scale and the size of the space accessible. They keep the nearby environment in their mind and take actions accordingly. If you have an Independent villa or a multi-stored house, the designers will take the prompt from surrounding and chose the top, based on the background of the space.

Get The Elegant Look For Living Room

People are good in observations, and you do this repeatedly when you go shopping for the house. You mentally evaluate the size of your rooms and existing spaces. Yes, it is the fact that in a show area the furniture will seem very smaller with large carpet and high ceiling area than it will look in your living or dining area. The interior designer will not imagine but actually, evaluate the space before making the shopping list. They also make sure to measure the stairs, doorways and the elevator openings important for your house and give you the measurements before your shopping.

Useful Artifact Or Furniture

Whenever we visit any showroom or a mall, it's little common that we normally get fancied through an artifact or beautiful furniture at the attractive price and after end up we find that it’s painfully uncomfortable or pretty useless. But in the interior designing, comfort is the main key, and there were no points to make a house look like a museum. It’s pretty appealing to use every piece of beautiful items you buy or got a gift but, a professional interior designer will embrace you only for sufficient and necessary parts of it.

Same Looks For Different Rooms

You can get it quite tempting to design the different rooms, through totally different concepts. But, a professional designer will precisely design your entire space that from moving one room to other won’t give the entering feeling to a different zone. The total design of your house will interlace mutually in shape, where all the rooms will be the extension of the main theme.

After reading the points as mentioned above, you can easily decide that if you need the interior designer or not. But there are also many other facts like availability, fee, etc. which can manipulate the designs to hire the best interior designer.

If you are looking for flats for sale in Bangalore within 70 lakhs, please contact Sai Kalyan Builders and Developers.

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Change In Sales Due To Cheaper Rates Of Houses

Real estate industry is booming when it comes to residential complexes as the sales have increased by around 28 percent. Around 51,701 apartments have been sold, and pretty soon the dark clouds that were brought by demonetization will soon go away. This has happened due to the imposition of RERA. In all the key markets, the price correction is around 15% - 10 %. Even though, you can observe that there has been a drop when compared to the last quarter of the year 2015.

The total number of sales in most of the metro cities such as Mumbai, Bangalore and other cities such as Hyderabad, Chennai, and Pune has decreased by 2 percent in the second half of the year 2017. Even though the market scenario is changing, it was still not completely over the demonetization effect yet. ShishirBajilal, who is the CMD of Knight Frank, has stated that the change in approach has resulted in the reduction of price in several markets. According to him, the time has also played a major role to pacify the turmoil caused by demonetization. The stakeholders are also coming to terms with the latest reforms like the ones in Real Estate. Markets, where RERA has already matured, has seen developers re-launch the projects at different rates. Now it is the time for buyers to rule the market.

Not only this, but there have been new launches in the market. There have been around 19,481 units that are introduced with a drop of around 21 percent and 71 percent when it is compared to the quarter of December of the years 2017 and 2015 respectively. The volume of projects in the second half of the year 2017 is around 40,832 units. This is around one-fourth of the amount of supplies seen in the year 2015. However, the launches in sales increased in 2017 by 78 percent.

In 2017, the sales went down by around 62 percent from 2011. It also shows that there has been a 7 percent decline when compared to the year 2016. The market changes differed from one city to another. While in Bangalore, the drop was around 34 percent, and there was a 19 percent increase in Mumbai. There was also a 21 percent spike in the NCR market. All this is due to the demonetization effect.

Niranjan Hiranandani who is the CMD of Hiranandani Company, has stated what is pretty obvious. The dust of the demonetization effect is slowly setting down. He also said that the Indian Market is looking sort of bullish for the upcoming 5 years. This trend has been seen mostly in the big metro cities. In big cities, the prices in the Real estate market have already been fixed. People who wanted to wait out before buying a property as they felt that they will get these properties at cheaper rates, are now coming back. They are now looking for the best deals that are available.

There has been a rapid change when it comes to Bangalore. There has been a steep decline when it comes to sales in residential properties. In the first half of the year, the decline was around 37 percent in launches.. The average decline is around 5 percent in Mumbai. The second half of the year, the decline was calculated around 34 percent. There has also been a decline when it comes to small cities. In Hyderabad, it is a decadal low when it comes to the launching of new home properties. In Pune, the rate of decline in launches is at 7 percent.

There are several markets that have inventories that are ready to move. These markets can be seen in cities of Hyderabad as well as Ahmedabad in India. According to the reports, prices moved upwards at around 3 percent in case of Hyderabad and 2 percent in case of Ahmedabad. Other kinds of markets that are dominated by the IT companies also met with the same fate. While Bangalore and Pune saw launches that declined at 37 percent and 58 percent respectively, Chennai saw a decline when it came to launches at 33 percent. However, the steepest fall when it comes to launches was observed in the city of Hyderabad. On the plus side, commercial sector looked bright as it increased by around 7 percent in the year 2017. Thus, these are the few changes in sales in different cities of India.

Sai Kalyan Builders & Developers, one of the leading builders in north Bangalore, constructing luxury apartments and selling at affordable price. If you are planning to buy apartments near Manyata Tech Park then ‘ULTIMA Smart Homes’ is one of the best choices, constructing by Sai Kalyan Builders.

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O Know About Grade – A Water Conservation Technique – Rainwater Harvesting

All You Need It often so happens that in a bid to urbanize everything around we end up ignoring the harmful effects that our actions might have on the environment, and it is as a result of such careless practices on our part that we have to face climate change and the problems that it brings with itself. Such climatic changes have also made the problem of water shortage and famine situations during the summer season in big cities common. This has resulted in a lot of families opting for methods in which there can happened better conservation of water so that one can put it to good use during emergency situations. There a good number of inspiring stories of Indian families all over the web that have switched to these ways and saved their families a lot of plights.

What Is Rainwater Harvesting and How Does It Work

Rainwater harvesting is quickly becoming one of the most commonly used techniques for water conservation, and more and more property owners are making demands from their construction companies for the installation of rainwater harvesting system into their sustainable homes. For those of you unaware of what exactly it is that the process involves, rainwater harvesting is a method wherein rainwater that falls on the roof of your property is directed to move into a water tank with an estimated capacity of four to five thousand liters. This tank must be made on the ground of the roof, and the extra rainwater is made divert in a way that it percolates right into the floor, ensured by a system of tanks for percolation. This mechanism also has the presence of intertwined plastic drums which remain buried inside with just the base of each of these drums cut so that a recharge of groundwater keeps happening. There is also fitted a popup filter which cleans the woof water and allows it to flow into a sturdy underground hollow with greater capacity.

Take Cue from the Situations in Big Cities

The scenario of water availability has altered a great deal in the last few decades with significant cities of India such as Bangalore and Mumbai facing grave consequences of acute water shortage during the summer months. Some cities are even facing consequent drought-like situations every year for almost a decade now. Such a thing has occurred even though these cities receive their fair share of rain for the simple reason that the rapid rate of urbanization has seriously altered rainwater’s capability to percolate into the subjunctive layers of soil. However, the volume in which there is produced runoff water is various storm drains increased rapidly.

Opinion From Experts

It will do you good to be made aware that even experts pioneering the mechanism of rainwater harvesting in today’s world maintain that more than half of a city’s water requirement can be adequately met if one comes up with effective ways of water harvesting. If every drop of rainwater is harvested religiously, the acute problem of water shortage in India can be resolved in the next twenty-five years. This process can even save the population of big cities in case of bigger famines that could go on for months. Therefore, make sure to research on the internet to chance upon construction companies that are equipped to install a rainwater harvesting system into your home.

How Can It Be Successfully Implemented?

It is important for everyone in the community to come forward and take responsibility to successfully implement rainwater harvesting so that it can become a primary process of water conservation. Government bodies and builders are also required to take an active part in propagating the need for rainwater harvesting among big city homes. The storage of rainwater can aid you in lessening the regular usage of water manifold. Consider switching to flushing toilets, watering plants and other activities using rainwater. It also acts an effective way in which groundwater can recharge with the help of dug wells, recharge trenches, recharge pits, bore wells and so on.

It Is Also Pocket-Friendly

One of the most impressive aspects of this technique that is encouraging more and more households to install the system is the fact that it is the most cost-effective way of conservation of water that exists in the current day scenario. Once you ask your construction company to install a mechanism into your home, the construction charges that apply is the only investment that you will have to make to ensure greater availability of water for years to come.

The Miscellaneous Advantages

It is also necessary that you find out some of the many miscellaneous uses of rainwater harvesting. Rainwater harvesting can not only lessen the process of soil erosion considerably but also reduces the running off of water that helps you to prevent flood in the drains meant for storm waters. It also helps in increasing the level of groundwater by reversing the adverse effects of a famine.

Sai Kalyan Builders and Developers, one of the leading real estate builders in north Bangalore. if you are planning to buy flats near Manyata tech park then Sai Kalyan Builders one of the best choices.

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Avoid Inspection Mistakes Before Buying A New Home

The home inspection is the best way to know about the home you are buying and the problems that it currently has or can have shortly. By doing an inspection of the home that you have decided to buy will help you to identify the hidden problems of the building and will save your money and time. This process includes a thorough inspection of the property's condition with keeping in mind that it is a long-term investment, so for the new buyers there are few ways to avoid the mistakes.

Hire Professionals

Not hiring a professional could be harmful to the buyer. As a home buyer, you should hire a professional by their experience and the goodwill in the market. There are many home inspection service companies that located in India. Many certified agencies will offer you the inspection service in all available areas of the property with the specialized equipment and tools and provide service like termite problems, moisture incursion assessment, etc. Professional inspectors’ help in determining major fault in the house.

Skipping inspection

Although you are not technically present for the inspection, it is too important to miss. You should make time for the inspection. You should accompany your inspector during the inspection because it allows him/her to point things out as the inspection progress and allows you to ask the questions on the spot. By keeping a regular interaction with your home inspector, you can get great advice from them.

Not inspecting the property

Before you buy a new home, you should inspect the price and all the information about the property. Don’t trust your builder fully and don’t assume that he/she has done everything correctly because of his/her goodwill.

Don’t ignore your inspector’s advice

Take all the information about your home from your inspector.  Don’t ignore your inspector’s advice, because it can incur a huge loss for you shortly. He can guide you correctly in the full process, so take the inspector’s advice instead of saving a little bit of money.

Not making a list

Most of the home inspectors don’t inspect tanks, wells and the underground pipes. While you are buying a new home, add these things to your list also. If the inspector refuses to inspect all these, then deal with someone else.

Ignoring outer problems

Most of the home inspectors just look at the internal parts of the home and overlook the exteriors; for ex:-rooftops, tanks, underground pipes, etc. It could be a further strain for the buyer shortly. Ignoring the problems like leaks in plumbing could boost up the rotten wood and cracking foundation.

Not querying

Most buyers often hesitate to ask questions or be ashamed to accept their knowledge inadequacy in some issues. Assure that you are getting your money’s worth. Go to the house with the inspector to study the different home systems and know how to use it. By not asking questions or raising concerns, you will end up dealing with some serious structural problems which can occur shortly.

Relying on agents

Most agents recommend a home inspector to their client. Relying on your agents for referring a home inspector is not a good decision. Usually, they will refer a home inspector who will ignore the faults of the home and will give the result in favour of the agent. To by-pass such situation, do your research and choose some believable.

Not doing research

Always do research before buying a property or selecting the property. Most of the home inspection fails due to lack of concern given by the buyer. Selection of a well maintained and perfect home needs a good inspection.

So here are the few steps that you can follow during the inspection and choose a home which is perfect for you on a good inspection.

Sai Kalyan Builders, one of the leading builders in north Bangalore selling apartments at affordable budget. Visit Sai Kalyan Builders if you planning to buy home or property in north Bangalore.

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What To Expect From Real Estate In 2018

Patterns 2017:

The year of 2017 as we know has set another benchmark for the Indian real estate. The usage of demonetization in November 2016 had the whole economy reeling until the point that the main quarter of 2017 and the reality portion was not absolved either, with arriving deals achieving stagnation because of greater contribution of cash exchanges. In any case, this, in the long run, lessened land costs subsequently making the final results more reasonable to the purchasers. By April 2017, when the business sectors were hoping to settle, RERA and GST were declared in the progression which again caused some dormancy because of perplexity among purchasers and engineers alike, with both anticipating the last arrangement of RERA warnings/enactment from their state administrative bodies.

The year 2017 has been the most memorable year for the land division, then any event in this decade. The demonetization drive propelled in November 2016 had a falling effect on the next months, while the authorization of the land law and the usage of Goods and Services Tax (GST) have made an influx of progress for the segment. In the midst of this situation, our exploration contemplates have demonstrated some striking patterns that are shown towards the bearing of the land area in India, is moving.

While business cycles have been influenced for the current year because the purchasers were keeping back the shares in anticipation of any administrative changes, and deals are as yet stagnant. We are watching THE indications of recuperation as the triple impacts of demonetization; RERA and GST have started to get down to business the division with new models of conveyance, responsibility, and straightforwardness. Post usages of these changes, the accompanying effects have been seen in the market up until this point:

1. More interest for 2 BHK and 3 BHK portion - evident by an unfaltering surge in site visits.

2. An inclination for ready to move-in properties those are without any consistency issues.

3. Eagerness to pay a premium for leading builders

Expectations 2018:

2018 is relied upon to be a time of the union of items and administrations in part - with the effects of all activities taken in 2016-17 now starting to come to fruition in the coming year. More joint endeavors/joint advancements will be the request of the day with fiscally bothered designers being controlled by bigger players and giving the business a crisp line up for the contenders. Finishing of existing undertakings will be organized over propelling new ones. Consequently, 2018 looks encouraging for a decent supply of houses crosswise over real Indian markets. We need to keep in mind that the end goal is to accomplish this where the engineers will rebuild their business procedures to streamline conveyance and unified administrations, without extending themselves a lot as far as obligation or extent of work.

The Government's endeavors to support "reasonable lodging" by presenting "foundation status" to this section and declaring different duty motivations will keep on attracting more noticeable engineers to realign their items to contend in this class. The Union Cabinet's choice to expand the cover territory of moderate units to 120 sq.m and 150 sq.m for MIG-I (salary classification 6-12 lakhs for each annum) and MIG-II (pay classification of 12-18 lakhs for every annum) portions separately, combined with an intrigue endowment of up to 4%, will profit the two purchasers and vendors as alternatives increment for the previous and inventories are cleared for the last mentioned. Reasonable lodging will accordingly turn into an essential fragment in each designer's portfolio in 2018. Designers could likewise be concentrating on their specialty skill in the new year, represent considerable authority in the different portions of land, e.g., plotted advancements, private activities, townships, and business spaces; and henceforth, pro specialist organizations could be rising in every one of these classes.

Bangalore Real Estate 2018:

The private area holds colossal potential for a place like Bangalore. Bangalore is at the cutting edge of the IT, online business and startup parts in the nation, notwithstanding, being host to various conventional ventures, administrations and government foundations. The business space retention in Bangalore has seen a solid pattern with a request of surpassing supply. A solid end-client market and development drive the lodging market in business age. Further, the proposed foundation changes including the Metro - stages 2 and 3, hoisted passageways and stage 2 development of Bangalore International Airport are required to drive request in the city additionally.

Going ahead, these components would be basic for Bangalore's land request an in the long haul, with sensible costs, great condition and enhancing foundation, Bangalore will rule as extraordinary compared to other set markets in the nation and remain a solid recommendation for vital financial specialists.

Affordable housing

Home arrangements across more than nine essential urban groups of India saw refuse of 18% for every penny in the midst of the 2nd quarter of the current financial year when diverged from a comparable quarter the prior year, data open with the show of PropTiger.com up. The nine urban territories joined into the examination are Bengaluru, Ahmedabad, Chennai, Hyderabad, Gurgaon, Mumbai, Noida, Kolkata, and Pune.

Meanwhile, Gurgaon saw an unequivocal change in demand which skewed towards sensible hotel units assessed in a range underneath Rs 24 lakh. In the midst of Q2FY18, the units donated for every penny private land bargains in a city.

These are the reason; Gurugram was the two urban groups, and another one in Mumbai, which recorded the change in bargains in the midst of the said time, while the different seven urban groups persevered through a fall.

The homeowners do look for parking spaces and well-lit places with a good neighborhood with proper stops and convenient routes. These are the necessities of anyone who is a resident of any metropolitan city. The extra amenities are also taken into consideration as well which also gives them an edge or rather a selling point to allure the buyers in.

For affordable housing in Bangalore contact Sai Kalyan Builders and Developers.

Flats in Bangalore with in 50 lakhs: http://www.saikalyanbuilders.com/flats-for-sale-in-Bangalore-within-50-Lakhs

Flats in Bangalore between 51 to 60 lakhs:

http://www.saikalyanbuilders.com/flats-for-sale-in-Bangalore-within-60-Lakhs

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Know That How You Can Claim Tax Benefits On Joint Home Loans!

There are many people who are now much developed to understand the various benefits of a jointly owned home. Of course they get great tax benefits for the same as well. All they have to do is make sure that they know about the exact ratio of these benefits in the first place.

The main confusions arise with the ignorance of knowing that who can avail the home loan benefits. Also many do not know that how much tax benefit are they eligible to claim as well.

The co-owners who are also co-borrowers:

The Income Tax Act, Section 26 helps provide people with great and clear guidelines about the tax benefits.

One must understand that the tax benefits depend on the share of a person’s ownership in a property. If a person has though not co-borrowed the loan amount as well, then they will not get any of the tax benefits on the loan.

But if they have co-borrowed but not co-own a property then the situation is no different. This is only why ensuring that both of these happens matters. One must be extremely careful when it comes to dealing with these things.

They must ensure that they in fact are co-borrowing as well as co-owning a property then claiming the tax benefits individually makes sense.

Sai Kalyan Builders, one of the leading real estate builders in north Bengaluru constructing ‘ULTIMA’ smart homes project near Manyata tech park. If you are planning to buy apartments near Manyata tech park contact Sai Kalyan Builders.

The Ratio that applies:

There are times when a person is a co-owner and also a co-borrower but only on papers. They are in fact not helping in resolving the loan amount at all. In this case scenario, it is highly possible that you get no tax benefits.

Rather this is the only way that it is. Each of the joint owners can claim up to around 2 lakhs as tax benefits. When it comes to the co-borrowers in a home loan repayment then each of them can claim upto Rs 1.50 lakhs each and every year. As mentioned in the section 80A.

But then again the ratio is divided in accordance to the contribution you have in the repayment of the same. If it is 50% of the repayment amount, then the ratio is also 1:1.

Determining one’s share in the home:

While buying the property in itself, the shares are fixed. There are various things that this depends on. Of course, this can depend on the share of the home loan or the amount that is assigned into the down payment.

Most of the times, the share is just presumed to be equal no matter what. But if there are other situations to challenge then the same cannot be adhered to.  There is no doubt in the fact that the ratio of the co-owners may not match the ratio in which the loan was borrowed. Also the ratio in which it is paid back will also not matter. But then again the share must be decided on the purchase and this cannot be changed at all. Depending on this, the ratio will be cemented of course.

Understanding these can actually be beneficial for the people in more than just one way.

More details about Home Loan visit: http://www.saikalyanbuilders.com/blog/a-complete-guide-for-home-loan-process-in-india/

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How Beneficial Is It To Reside At Properties In Bangalore?

With the immense growth of Bangalore, there have been some major transformations that took place in almost every corner of the city. One of its noteworthy change that needs mention is the competitive development in real estates in not only the heart of the city, but also in the remote nooks and corners of the city as well. Since it is the prime city of IT, Bangalore is a complete package of good social infrastructure, high class educational institutes, and continuously updating physical infrastructure and constructions. The residential properties are divided according to your margin of income and are divided into three broad categories. Let’s discuss.

Classification Of Housings

Everything is not suited for everyone. Likewise, the properties in Bangalore too differ in terms of the status of varied individuals. There are properties for people of all income groups. All the properties are provided with their own suitable advantages.

Luxury Residential

According to High Net worth Individuals, Bangalore is stated as the third largest hub. Bangalore is a home to more than 10,000 individuals. It can provide shelter to many emigrants who make their living in the city. The dwelling places are sophisticated, cultured and well maintained in tastes. With time, there has been an acute demand for high-end residential projects, especially in the Central Business District (CBD), Secondary Business District, Whitefield, north Bangalore, Outer Ring Road, and other sub markets. Under luxury residential, fall villa and row house developments mainly in the streets of Whitefield, ORR, Sarjapur Road, etc. As the name suggests, the buyers of luxury residentials demand quality over quantity. They sought after the fine quality of the property both the interiors and exteriors, and greater unit sizes.

Mid-Income Housing

This category comprises of mainly individuals employed in the IT sector and ITES industry. Factors that rule this segment are social infrastructure, affinity to work area, organized physical infrastructure, and approachability to medical and educational facilities. Due to these avaricious advantages, there has emerged a solid demand in the micro-markets like Electronic City, the ORR IT corridor, Whitefield and few other locations in Northern Bangalore.

Affordable Housing

The proprietors of affordable housing select their target market as the ones who are extremely price sensitive. Henceforth, these housings choose such locations like the suburbs or developing localities that offer large space in exchange of low cost. Areas covering this segment include Mysore road, Hosur road, Kanakapura road, etc. This category has been in demand due to graded developers such as Ozone Group, Golden Gate Properties, Nitesh Estates, etc. whose primary focus is on the customer benefit at a cheaper rate than the other two. Generally, the price here gets reduced due to the cut in the amenities, unit sizes and other USPs that differentiates affordable housing from others.

Increase In Demand

The north, south, east and west of Bangalore all covers a great demand for residential properties. The North Bangalore region caters to high-profile residential areas while in South Bangalore, its demand is low. Again, in East and West Bangalore, people prefer affordable housing. However, all the three residentials type are supported by as many facilities as possible.

Therefore, there are numerous factors that influence the individuals to make a living in Bangalore. The most important factor responsible for this is the growth and employment of the IT sectors. The movement of the expatriates has also been quite rapid to develop and settle in Bangalore. Whatever is your profile, high or low, availing a real estate in Bangalore is not a tough job. And, adequate facilities are provided at all housing levels.

Sai Kalyan Builders is one of the leading constructors in North Bangalore, developing projects near Manyata Tech Park. ‘ULTIMA Smart Homes’ one of the projects from Sai Kalyan Builders offering 2 & 3 BHK flats within 50 lakhs. If you are planning buy apartments in Bangalore within budget ‘ULTIMA’ is one of the best choices.

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The Various Constitutional Challenges In RERA That One Must Be Aware Of!

Is RERA old-school?

The real estate act 2016 and all of its 92nprovisions came into action on 1st of May 2017. The application of this act may lead to the birth of various issues for all ongoing project which will impact the developers and the buyers.

There are some major challenges and issues that may crop up among the developers and the buyers with the implementation of this act. And this may affect the basic rights of the developers and the buyer who have started their projects before 1st of May 2017.

Impacts against application of RERA.

There are many projects which began their construction before the date of May 1st 2017. These people also have to take this act into consideration if their completion certificates are not yet published. They are supposed to do the same within a period of three months from May 1st 2017. If there are any chances if violation their then they may have to incur a huge penalty as well. But unfortunately, most of the developers do not even have the idea of the act and its implications. This is one major issue where there may be no fault of developers whatsoever.

Places of progress:

The Supreme court of India has ensured that the new act cannot change the course of any law that has been implemented in the past. And this will result in the prospective application of the new law without any hindrance with the past legislations. Rather this law can be proved much more realistic if followed in a right way.

According to the law there are penalties which has to implied if there are any violation of the law. And accordingly, the amount of the penalty can be charged mentioned in the law against the specific violation. Apart from the very mentioned violation and the penalties nothing extra can be charged.

This law also adheres to the rule that if a person has not committed any punishable act which were not punishable earlier then he/she is not liable to face any punishments in such cases.

This law does not give the leverage to the developers which they use to get earlier where they use to fixed damages showing them as a relief. As in the current strict action will be taken if anyone is found practicing the same offense.

Another very important and crucial factor of this law as this law gives complete power and freedom to the buyer who does not get the possession of his/her estate within the given deadline by the developer. As if found, then the developer may have to return all the investment along with the interest to the buyer. And in extreme cases buyer can also lodge a complaint about the same to Authority of revocation of registration which may lead to cancellation of trade license of the developer.

This act is in many ways one sides as the developers are in complete soup with it. There are few states like Uttar Pradesh and Andhra Pradesh have managed to find loop holes in the law. Whereas states like Rajasthan and Delhi believes in keeping the law as it is. The courts are yet to decide that if challenged constitutionally will the act remain still the same.

Sai Kalyan Builders, one of the leading residential builders in North Bangalore. Currently constructing ‘ULTIMA Smart Homes’ apartments project near Manyata tech park. The RERA number is PR/KN/170808/001218. If you are looking for flats in Bangalore for sale within 50 lakhs, then this project is one of the best options.

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Invest In Real Estate And Find Yourself A New Home

Where to begin the search?

If you are planning to buy the house of your dream it is big responsibility on you. Choosing a property that is perfect from all aspects is a big work that you have to do. Investing in real estate requires you to be diligent and also very cautious. You need to a proper research before you take a step forward and make buy a property. One should always consult with different resources before making a decision about real estate. Now the question is – what are your resources of real estate advice?

1.      Online portals dealing with real estates

2.      Classified ads.

3.      Newspaper advertisements

4.      Exhibition or fairs of real estate

5.      Agents who deal with real estate

6.      Reference of known people

Locating a Good house to buy:

When you are buying your dream house the prime concern about the property remains the location. The place where the property is located determines the lifestyle that a family can have there. You make a choice of the location of a property after considering the below points of convenience –

The distance of the property from your work place and the mode of transportation available.

Ease in commuting

Availability of the basic needs like market place and grocery shops

The appreciation value of the location in future.

The social life of the area surrounding.

The type of property available in your budget:

It is an obvious fact that we all have our own budget when it comes to buying a house. Depending on the budget you have in mind for buying a house you will come across 3 different categories of residence –

A)    A property which is under construction

B)    Property that is made ready-to-move

C)    The properties on Resale

If the property is a resale one then obvious you will get the benefit of resale value of the property and the same can be quite cheap compared to a new house. The appreciation rate of a property which is under construction is very fast. If you consider buying a property that is made ready-to-move then you get the benefit of earning around 1.5% - 2% of the value of the property if you plan to put it on lease. There are always certain pros and cons attached to category of the property. If you look for one under construction then you have the chance of getting good deal from the developer’s end but there is always a chance of delay in handover. On the other hand a property ready-to-move in always gives an immediate handover but the return on the amount you invest is less.

Get an explanation on the area of the property:

When you make a deal with the developer on a particularly it is always good to be aware of the area of the house. Ensure that built-up area of your house is around % of the carpet area of the property. Take a proper measure of the carpet area keeping mind all the walls, common areas and pillars etc. Super built area is another thing to be considered.

Sai Kalyan Builders is one of the top residential constructors and developers in North Bengaluru. If you are planning to buy apartments within 50 lakhs, then contact Sai Kalyan Builders.

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RERA- What Is It And The Impact Of The Same On The Home Buyers!

RERA is practically the Real Estate (Regulation and Development) Act, 2016. This act was practically brought into picture on the 26th of March, 2016. While it managed to come into action since the month of May the 1st, 2017.

What it absolutely aims at is to ensure that it safeguards the home buyers. This is one act that believes in transparency and ensures that the real estate is an area that people still believe in.

The developers were given a notification of registering all their projects under this act by the month of July 2017. All the states were informed about informing their respecting real estate agents and developers. They registration process is still happening.

What is the RERA?

This act is the Real Estate (Regulation and Development) Act, 2016. It was successfully passed by the Indian parliament. It works hard towards safeguarding the home owners in more than just number of way 10th March, 2016.

The Lok Sabha too joined the same and managed to pass the same on March 15, 2016. But it took its time and came to action by May 1st, 2016 or at least its 59 sections came to action at least. The rest of the 33 sections came to action since May 1st, 2017.

The advantages of RERA:

There is no doubt in the fact that the homeowners were in complete dissatisfaction with the developers most of the time. And this is one reason why the government managed to work towards it and make it more transparent for them.

The transactions hereafter will be without any unpleasant surprises. And the states must follow the same for the betterment of their people for sure. The Indian real estate has most definitely got its very first regulator and now a standard has been formed.

RERA and its impacts on homeowners:

Following are some of the best impacts on the homeowners because of RERA:

The allotted are informed about anychange no matter how small they are.

There can be no promotion without registration with RERA.

Sharing of all information related to the project.

Ensuring strict laws for timely completion of projects.

These are some of the very best implications. The following are some of the best features of this act though:

Necessary establishment of a regulatory authority: There was no proper regulator in the very field of real estate. This act makes a governing body mandatory for the same. Its helps protectingthe stakeholders in various ways. Also a timeline of 60 days has to be maintained by the authority body for sure. It is when they have to address grievances.

Registration made compulsory:If there is any phase in a state that requires a space of 500 sq. for development. Or if any phase has around 8 apartments to be made, then they all need to be registered for sure.

Necessary updates:Monitoring the progress of a project through the RERA website will be easier for the home owners for sure.

Sale agreement standards:This act will standardise all the sales agreements. The developers can no longer include their own clauses for the same.

There are many such other positive changes as well. All these ensure that this act is here to stay.

‘ULTIMA Smart Homes’ is one of the best projects near Manyata Tech Park. This project is constructing by Sai Kalyan Builders. The RERA number is PR/KN/170808/001218. If you are planning buy apartments in affordable budget contact Sai Kalyan Builders.

For within 50 Lakhs: http://www.saikalyanbuilders.com/flats-for-sale-in-Bangalore-within-50-Lakhs

Between 51 to 60 Lakhs: http://www.saikalyanbuilders.com/flats-for-sale-in-Bangalore-within-60-Lakhs

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Let the Deftness of Decor Add the Vibe of Positivism to Your Livelihood

Your home is meant to be the most comforting place for you in this big wide world. The ‘homely’ fervor which you get to feel at your abode is the best refreshing and cloying one within all the environs of this world. However, you must make sure that the interiors of your abode is at pace with the natural equilibrium. This notion urges that the structural symmetry of your insides is in accordance with the cosmic geometry. Thinking how that can be accomplished? You can take the aid of the ancient Oriental science of civil construction known as ‘Vastu (Habitat) Shashtra (Doctrine)’. This is a vestige Indo-Chinese methodology to acknowledge you about the rightful technique to sequence your domestics with the forces and effects of nature.

This science enlightens you about the methods to reap the benefits of the environment around. By avowedly accenting your residence with the techniques of ‘Vastu’ you can imbibe the virtuosities of:

The Innate Magnetic Field

Universal Gravitational Pull

The Rains

The Energy of Galaxy

In your life and in consequence fetch the Almighty’s benediction as is contained in each of these dimensions. The basic ground-rule of the ‘Shastra’ requires you to sequence the positioning of your furniture, the chromaticity of your walls and curtains and the paint of your house’s outsides in relation to the norms laid down in it.  

For nurturing the leisurely ardor

If you are asked about which is the most coveted nook of yours in your residence to relax and be swayed with your fascinations, then surely your answer will be the living room. Whether to enjoy your evening-time tea or to cherish your holiday-special breakfast, cuddling up at your living room is the most desirable endeavors of yours. Now, get some ideas about how to adorn this so-cozy site with the rhythm of ‘Vastu’:

The Paint of the Wall: As for the shades, it is suggested for you to pursue colors like yellow, green, white and avoid the taints of red or black.

The Furnishing: Whether be the sofas, armchairs, rockers, center tables or coffee tables, always opt for the rectangular or square patterns and never pick the circular or oblong shaped ones.

The Drapery: Selection for this depends upon the position of the windows of your living room. When they are staying at the northern or eastern corner pick the transparent curtains for allowing the sunlight play in the ambience. However, if their location is at the western or southern alcove then elect the dark voluminous ones.

The Luminosity: Make sure there is an ample flow of light in your living room from all the 4 corners for the continuous 24 hours session. This augments the current of energy in the ambience.

The T.V Space: As for this the prudence of ‘Vastu’ asks you to pick the southeastern corner.

The Plant Position: The ‘Shastra’ necessitates you to keep the northeastern corner of your living area graced with a well-watered plant and in consequence welcome Lady Luck to your life.

The Cleanliness: You should and must guarantee that the space is in a polished and orderly symmetry with no dust particles at any point and all the displayed elements in their right position.

Doubling up the cozy fervency

Reading this much are you thinking whether the most amicable room of your residence—the bedroom can too be enriched with the norms of ‘Vastu’? It certainly can be. Continue reading to get a quotient of the idea:

It is always suggested to have the main or Master bedroom in the South-West direction and the entry door to it at any of the walls except the South     facing one.

‘Vastu’ lays down that you are allowed to sleep with the positioning of your feet at any of the four corners except the South One. Whereas the other corners are apt in bringing pleasure and profusion and peace to you, the South One may enact as the agent of evil upon your fortune.

For the location of the attached lavatory, either the North or the West     direction will be the fitting one and as per the windows, the recommended     alcove is the North or the East.

On the aspect of the wall shade, the hue of chocolate, blue or light rose can     be availed of.

Take the aid of classical science to ensure a smooth, prosperous and happy current of livelihood.

Buy flats in Bangalore within 50 lakhs from Sai Kalyan builders, decorate as you wish. Sai Kalyan Builders is constructing ‘ULTIMA Smart Homes’ flats near Manyata tech park. If are planning buy home or flat in north bengaluru, this project is one of the best choices.

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Some Of The Best Places For Investing In Property In Bangalore

The silicon valley of India- this is the perfect name for a region that is developing at a rapid pace. Regarding growth, Bangalore is the fastest growing Indian city. If property investment is what you are looking for, then this city is the place for you. Property is the million dollar business now, and the chances of running in the loss in this business are very less. This is the main allure of this business. The real estate market is booming, and you must look for properties that offer maximum returns on your investments. There are some localities you can look in if Bangalore is your investment destination.

The top localities regarding buying properties

The most heard about locality is Hennur where several major infrastructural projects are coming up in the recent years. The technology parks and specialty hospitals are also coming up in the area making it lucrative to the investors. This place has some of the best locations that you can put your money in. The projects in this place also come with high-end amenities.

The other two localities that have always got attention are the Electronic city and Whitefield. These are the places you must turn to if you want pure rental returns on your investments. Here the growth potential is significant though the prices of the properties are much lower than the other options. KR Puram is in the eye because of the recent flyover project that is to be launched in the place. Several roads are being created that lead to the airport.

The lands that are along the road have high value. The police are dealing with the traffic problems and snares that are arising in the area.

The new areas of high value

There are several new entries alongside the old favorites in the city. The newest entry that is deemed as being the most profitable one in the city is Nayandahalli. The main plus point of the area is that it is connected to metro and other important places like that of Indira Nagar. Hebbal is another one of such places that are absolutely worth putting the money. This place has seen rapid development of business and technology in the last few years.

The major companies like IBM andPhilips Software have set up their base here. That is not all. The major business hubs like that of Manyata Embassy Business Park and Kirloskar Business Park are located here. This is the space that the workers of the companies as mentioned above look for as their place of residence. That is the reason why the property prices of these localities are growing by leaps and bounds. Sarjapur Road is back in the business with the new government projects that have been launched in the place.

The techies are eyeing this place as their residence as the prices seem more affordable to them. The lack of large space to set up offices in the traditional hubs of investment has made many companies move over to the new places on the list.

If you are planning purchase apartments around Manyata Tech Park, visit ‘ULTIMA Smart Homes’ project. This project is constructing by Sai Kalyan Builders.

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Bangalore’s Myth Of GST Disadvantages On Buying Homes

Are you planning to buy a home in Bangalore but are apprehensive about it? One need not get fearful as the article is going to break the myths on GST and the buying of properties currently. To buy a home is one of the most valuable decisions taken by any buyer. The myths of buying can be done away with by possessing the knowledge of the procedures and the market scenarios.

Benefits of GST in buying homes

Every person is interested to buy a home that is affordable and of good design. GST provides varied benefits of buying a home that are discussed below:

GST makes home buying easier

The GST has consumed all the indirect taxes and thus has made the home buying easier and less complicated. Earlier consumers did not know how to calculate the VAT, the service tax as well as the entire tax calculation. Presently no GST is applied on the ready-to-move homes.

Subsidy on Home Loan under PMAY is available for adult earning members

In the credit linked subsidy scheme for the households, an earning member who is an adult in the family is considered to be a separate household. Such a person can avail of a home loan subsidy provided the buyer does not have a pucca house under the hisher name and can avail of the norms in the scheme guidelines.

RERA covers a few real estate projects

RERA covers the projects that are under the 500 sq meters or consists of eight units or even more. RERA is applicable to the projects for sale, but it does not cover the lease agreements, the redevelopment projects as well as the projects that receive a CC. The exceptions are the leases that have an extension of a 90 year period and also on the leases that have the benefits of sales rights. The RERA scheme does not cover the projects which received the completion certification before the commencement of the act.

Initiation towards affordable housing

A deficiency in the sales in the premium segment of the market with the government’s focus on affordable housing has made the developers create a demand for budgeted homes with positivity. There is good business development as the affordable housing projects are coming up well.

Renting a house is a better option

According to Bipin Kumar Singh, a house owner with the appreciation of property prices, renting a house would be a much better option. If the owner buys a house with the prices of real estate going higher, then a resale of the property would be very difficult later on.

Property purchase in an established area

The well established localities with transport facility and metro option are considered as the best residential option for property purchase. The buyer needs to purchase a house or even construct a house close to the main road, with good facilities like market place, bus stand, taxi stand and offices at the site of purchase.

Thus land is of value when it possesses all the facilities or is liable to get the main facilities in the future. A buyer must be very diligent while purchasing a house keeping all the aspects in mind.

If you are planning flats for sale in Bangalore within 50 lakhs, then ‘Sai Kalyan ULTIMA’ is one of the best choices. This project constructing by Sai Kalyan Builders.

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Supply and Demand Balance Tips in Housing Segment of Bangalore

Bangalore, a city, which is paying more emphasis on just developing affordable housing, is gradually moving towards becoming the hub for each individual who desire to invest in the low-costing houses. While the town's real estate scene is altering. Dotted by numerous luxurious projects, there is the number of apartments for sale in Bangalore that fall between the inexpensive and mid-segment section.

Bangalore and the popularity of real estate property

Being the popular IT hub of the nation as well as correctly nick named the Silicon Valley of India, Bangalore is the city that one feels proud of. This particular fast paced city has skilled some hostile urbanization, particularly in the real estate sector, and also houses a matchless physical infrastructure that has slowly evolved over the years to make the city Bangalore the most quickly growing city of this nation. This real estate colossal is house to a multi-cultural populace owing to its lucrative chances due to that the demand for capable social, physical and educational infrastructural facilities is constantly on the rise. It has resulted in the town witnessing its commercial and residential infrastructure grows by the leaps and bounds every year.

When the specialized person take on the mismatch

The city has witnessed the gradual shift in the demand from higher income segments to the inexpensive component. Though, as per the statement of the specialized and experienced person the recent trend is hastily visible as the purchasers in this high-income categories only have taken the back-seat provisionally in anticipation of the Real estate act as well as GST bill. The currency ban also played a major role in this recent trend of equivalency of demand and supply in Bangalore. Basically, the real estate property owner has already declared a fact that Bangalore is booming with having such exceptional demand of real estate properties. And that is why the property owners desire to sell those properties with worthy charges. But as a matter of fact, as the demand is growing high and high that they cannot control the expectations at all. As per the comment of Bruhat Bengaluru Mahanagara Palike (BBMP), it will amend the building bylaws just to enable the ultimate civic body to keep the ground floor right during the construction of the ground plus in its name.

The recent altering focus from high-income segment to inexpensive housing might seem to be damaging in Bangalore. This notion is also believed by the expert and professional of real estate property. As a matter of fact, this particular stuff is changing the realty landscape of Bangalore. But according to the expert and professional, the recent trend of the real estate business will be trending with a perfect evenness. In fact, the first hiccups are actually temporary as well as the phase will settle down, once the artificial ramble in supply in the secondary market decreases. Moreover, the high-income category is the biggest gainer, and that is leading to the bridging gap between the demand-supply of this segment. Sai Kalyan Builders one of the residential luxury apartments constructors in Hebbal location Bengaluru. ‘ULTIMA Smart Homes Apartments’ is one of new apartment from this builder. Its near Manyata Tech Park, if you are planning to purchase flats near Manyata Tech Park, visit website and schedule your free site visit.

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Developers Of Bangalore Facing Immense Slowdown In Property Sales

Bangalore is a metro hub and is a very popular choice for the property owners. The reason is the city is very developed and is well connected. In the recent years, there has been a steady growth in the retail sector and the IT sector has seen a massive boost, but now the property owners are thinking twice whether to invest in a property in Bangalore.  Home buyers are in a dilemma whether it will be a rational decision to invest in a property in Bangalore. Prospective property owners are reconsidering to invest in a property in Bangalore after the National Green Tribunal passed an order. The Karnataka Government is carrying out a demolition drive, which is not at all a desirable situation for the developers. The developers have already started facing a slowdown in the sales.

Slash In Sale

Bangalore which has been the best performing real estate market in India is experiencing a slowdown in the sales of property, and this situation is going on for the past one year. Sales of property have been slow, and the home buyers are holding on their decisions. But the developers are hopeful that the market will recover soon.

Reasons For Slowdown In Sale

Bangalore is facing a slowdown in the real estate sector over the year for the following reasons:

Weak economic conditions are primarily the reason for the home buyers in deferring their buying plans

The next reason is home buyers are expecting a fall in the price of the property.

In the last four quarters because of a low increase in salary and due to inadequate job opportunity there has been a fall of 30% in the sales of property.

Construction On Hold

The NGT or National Green Tribunal has banned the construction of property within the close vicinity of water bodies that can be harmful to the aquatic life. To be precise, no developer can construct any property within 75meters of any water bodies and NGT has also limited building construction of property near feeder canals. Environment Impact Assessment Authority of Karnataka has suspended the environmental clearance of ten mega projects of Bangalore and also the huge residential projects because of the encroachment of drains and lakes for the construction of the property. It is indeed a matter of grave tension among the developers of Bangalore as huge investments they have made in the property construction.

The Bottom Line

Karnataka Government and NGT is working together in demolishing the properties across Bangalore that have violated the laws and have constructed buildings at the cost of aquatic lives and by blocking the drains and encroaching the lakes and ponds. The property whose construction was in full swing was suddenly declared by the government that it was illegal, and it is being demolished by the government which is indeed a severe blow to the developers. The prospective home buyers are feeling insecure to invest in the property. Real estate sector of Karnataka contributes around rupees 5,500crores to the treasury of Karnataka Government in the form of VAT, property tax and stamp duty.

In this tough situation also Sai Kalyan Builders sold many apartments in north Bangalore. In their new project ‘ULTIMA Smart Homes Apartments’ only few flats are left. If you are planning to purchase flats near Manyata tech park, this project is one of the best choices. For more details visit Sai Kalyan Builders website or call 88801 50000.