With more local governments unveiling their urban expansion plans for the future it has become important to research on each one to make sure you are investing in the right property. This will help ensure you invest in a property which is legally authorized to thus also allow the property to appreciate rapidly.
The last few months of 2012 and at the beginning of 2013 has seen many government urban development officials unveiling expansion plans for their states’ major cities. These have been made public to help investors pin down areas that are legal to purchase different types of property. Residential, commercial and industrial properties have each been designated their own areas to help avoid mixing them and leading to major inconveniences for others. Many property development companies have taken this opportunity to purchase large chunks of land to develop apartment blocks which are growing in popularity across the nations. There are different apartment sizes being developed with 1, 2 and 3 bhk flat in Hosur Road Bangalore among many other cities across India. The 3 bhk flat in HSR Layout Bangalore have been noted to gain lots of popularity due to the cheaper prices they are being offered for. Most projects are investor flats meaning the investor require to make a small down payment for a flat in advance before building and this also means it cost much less than buying a ready made one. Investor flats have been noted to be the preferred mode of purchasing flats in recent years because they give the buyer time to accumulate the required funds over time while the plates are being constructed.
Below we have listed some benefits of investor flats to each party involved:
For the investor or buyer
If you invest in property for a profit then investor flats are the right way forward since you are capable of investing in a flat at incredibly low prices and pay for it slowly as the project is underway. This gives you ample time to pay for the flat and once completed and handed over many of the flats will immediately double in price. Most project planes take 5-7 years to be finalized and this is adequate time to complete paying for the flats.
Benefits to the builders
The builders benefit in that they need not invest their own money or borrow loans to build his apartment blocks. Most will only need to invest in the land and offering investor flats will see the consumer providing the down payments and instalment which can be used to develop 1, 2 and 3 bhk flat in Hosur Road Bangalore and other major cities in phases. The first investors and those nearing payment completion of their 1, 2 and 3 bhk flat in HSR Layout Bangalore will receive the flats first and the cycle continues as more flat buyers invest in these projects.
Benefits to the consumer
For the end consumer who wants to buy a flat to live in then they are capable if purchasing the property at cheaper rates then they would buy readymade flats. You must have a long term plan for this since the project last between 5-7 years so you must be sure you can wait this long to get possession of the property. Once possession is handed over you also benefit in that the property rate suddenly shoots up and continues rising over time.
Investment in property has been considered as the best investment and for those who can’t afford to buy plots and build on them due to the high costs. These investor flats are the perfect alternative for people who don’t have liquid cash but have expectations to get the investment in future.