BDA is Dire straits as they struggle to provide land for all

Despair for all 3728 land owners as the Bangalore Development Authority on Wednesday admitted that there was no land left in Arkavathy Layout to provide plots for these many allotees. Many angry allotees gathered outside the authority office in Bangalore to protest in regards to the allotment of site in Arkavathy Layout.

BDA Commissioner Raj Kumar Khatri said to the angry allotees that there isn’t enough of land to allot sites for so many people, but we are working to provide sites to as many people as possible.  The remaining we will ask the government to accommodate the remaining allotees in Kempegowda Layout.

Mr Kathri has said that the BDA has pinpointed 43 acres of land at Arkavathy Layout in six villages and has issued notice to the land owners. The BDA has received the response of the owners for 15 acres and will look to act swiftly to acquire this land and develop sites in the coming weeks. One of the leaders of the protest has expressed his anger towards the BDA as many allotees including him have been running pillar to post for almost ten years regarding this issue, but the BDA has been unresponsive to their claims. Most allotees lost their sites because of the de-notification which was issued in July 2014.

The protest took a wild turn of events when the angry protesters confronted the police when they tried to barge into the BDA board room after finding out the commissioner was not present in the office. Hearing this Mr. Khatri rushed to the office and tried to calm the angry protesters. He also announced that the seniority list of all the allotees eligible for alternate sites will be published within a weeks’ time. Here is a list of right steps to avoid buying fraud properties posted in the previous article you may like to know.

List for Kempegowda Layout

Suraj, an applicant for a site in Nadaprabhu Kempegowda was infuriated as he is perplexed as to why BDA is holding back his money when his name is not present in the provisional list of site allotment. He is desperately trying to get a refund on his deposit as his relative is in the ICU.

The BDA on July 2016 published the provisional list for 5000 sites to be allotted at Kempegowda Layout. But the final list is yet to be released. BJP leader S. Suresh Kumar has vowed to protest before the BDA office on November 2nd if the BDA does not refund the deposit money to those names that were not in the site allotment list. BDA Commissioner Mr. Kathri has said that they are in the final stages of approving the list which is likely to be published in a weeks’ time and then they would start returning the deposit to the people who were not allotted sites as soon as possible.

TGS Layouts develops residential land with quality amenities and sales plots in Bangalore at a very affordable price. These plots can be bought for investment as well as residential purpose. However the plots are designed only for residence.

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Steps to Avoid Buyers from Investing on Fraudulent Property Developers

Buying a house of your own is not just a big step in realizing your dream; it is also a major financial burden on your shoulders for a long period of time. That is why when you make a life-changing informed decision like this; it must be taken with utmost caution. Investing on residential units are godsend for real estate investors but  It is equally crucial for the buyer to do proper homework on not just the property but also the property developer as well as ensure the necessary documentation is in place from both sides of the party while making the purchase.

“TGS Constructions is a residential property developer, it constructs buildings and apartment in Bangalore, it has more than 40 ongoing projects in the city with affordable price quote. As per TGS Constructions Customer Reviews they have a very transparent legal agreement and their after sales services are also up to the mark.”

Here a key few points a buyer should consider to avoid being victim to any fraudulent activity:

1. Determine true ownership: At times there may be multiple parties involved while mediating the sale of a property. The buyer should ensure he is dealing with the true owner of the property and not a person who is acting on behalf of the owner. In case the seller possess a power of attorney on behalf of the owner, the buyer should confirm the authenticity of the person involved in the deal and then go ahead with the deal. If the deal is not done between the true owner and the buyer it may lead to legal complications being raised in the future.
2. Get verification from the bank on approving the property: If you want to find out the property is legitimate, approach a bank or a financial institution as they will only approve properties that possess the necessary paperwork. This can help buyers in not investing in a fraudulent property and also avoid being cheated by the property developer.
3. Verify the Title deed: It is extremely crucial for buyers to examine the title deed as it checks whether the property is in the sellers or builders name and it also checks to see if the developer/seller has the right to sell said property. It is better to ask the developer/seller for the original title deed rather than photocopies as it is advised to get it further checked with a reputed legal expert. If you as a buyer are finding it hard to make sense of the title deed it is better to not purchase the property as it may lead to legal troubles in the future.
4. Check the property’s certificate of completion: Municipal authorities issue certificate of completion to buildings which confirm the building is ready to occupy. If a building does not obtain a completion certificate, then local authorities have the right to demolish the building because of its illegal construction.
5. Procure a copy of building layout: Buyers must obtain a copy of the building layout from the developer/seller of the property to confirm that there are no risks in the building plan and also to check if the project is approved. This quick check is to make sure that buyers are not cheated after paying the initial down payment if any such problem arises. In order to prevent any rows between buyer and seller, it is better to mention the area details in the sale agreement as well.
6. Check if the property has any legal over-dues: It is advisable for the buyer to check if the property he/she wishes to buy does not have any outstanding dues, facing any legal issues or complaints. If the property is located in a society a no objection certificate should be obtained. Looking into this will ensure the buyer is not slapped with any additional charges on account of unpaid dues.
7. Procure a detailed breakdown of the property cost: Buyers should demand a detailed cost breakdown of the property from the builder/seller as they should be aware of the cost and to know when the installments amounts should be paid, also the buyers know the term for payment of the property. The buyer should intimate to the seller/builder to mention this in the sale agreement so that it is legally bound from any issues arising in the future.
8. Enter into a written agreement with the builder/seller: The buyer must ensure that the agreement in respect to the terms of payment, the facilities and amenities offered and available are mentioned in the written agreement, so that if any legal dispute arises there is a binding contract as proof. 
9. Ensure there is no delay in registration on a legal property: if a property which the buyer wishes to buy has all the necessary legal requirements ensure you get the registration of the property done as soon as possible to avoid numerous transactions are not done by the seller on that property. If all the necessary legal requirements are not done by the seller/builder it is advisable to wait it out and see if there is a need to invest in such property.
10. Buyer should opt for a construction-linked plan: It is suited for buyers to take on a CLP (construction-linked plan) as the payments are made by the buyer during stages of construction as it attracts less risk. Buyers are advised to not fall for offers where the seller/builder offers huge discounts when the payments are made upfront as they pose a greater risk to the buyer.  A construction-linked plan ensures the buyer need not make payment to the mortgage if there is a delay in construction of the project from the builder.

These are the few things to consider by real estate buyer while planning for a long-term investment like buying a house or land so as to ensure he/she is not a victim of any fraudulent activity from the seller/property developer.

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Residential Units in Bangalore is Godsend for Real Estate Investors.

A saving grace of this real estate business sector is that it permits adaptable development in numerous viewpoints, right from foundation and IT parks to inspirational organizations. 

Potential private small scale markets: Looking at the present prospects, one can suggest buying real estate which can be land area, flats or corporate spaces relying upon the financial plan. A decent interest in land ought to yield significantly over a drawn out stretch of time and henceforth is considered as a benefit. 

Hurry Up you might get late for buying land in Bangalore

With the current government initiations, there are considerable changes in measures of trust in a buyer, which was never seen before within the buyers.  Improvements like the as of passing of Real Estate (Regulation and Development) Bill 2016, Smart Cities initiatives, and introducing REITs are trust worthy enough to bring the transparency between the buyer and seller both. 

It has been seen that the most promising residential as well as commercial market are situated in the adjacent of outer ring road of Bangalore, whitefield and more closer to localities like Kogilu & Thanisandra. According to the recent studies of Knight Frank, Bangalore witness a jump in the real estate sales graph during jan-june 2016. The reason may be the suitable budget, connectivity between employee and its work station and the introduction of metro. If we see both east as well as north Bangalore has a good infrastructural benefit like accessibility and communication as well as transport facility.  Also you might love to know why Bannerghatta road is goldmine for investors.

Besides this an equally important pattern of development has been seen is that the shrink in the size of flats, new concept of studio apartments, increase in the sale of one BHK flats, introduction of 2.5 BHK flats with low budget are just like an invitations of this real estate growth. Real estate buyers with low budget are looking for outskirt projects located in Chandapura, Anekal, Hosa Road, Kamasandra, Bannerghatta, Kengeri, Tumkur Road and most of the south Bengaluru areas. Places like Mandur & Hoskote in east Bengaluru and Rajanukunte in north Bengaluru are the most demanded and favorable locations of long term real estate investors.

This also can’t be ignored that investing in residential land plots are always a good option for investors. The vacant lands located in the micro market areas have a greater future when it is adjacent to industrial regions. Localities like YPR & Peenya have good potential because of the supportive social infrastructural development. These regions have high command over connectivity and public transports like metros as well as railways and airport. Since the land price is comparatively lesser than that of central Bangalore so it holds a strong reasons to attract IT companies in the near future. Investing in gated communities or buying plot within 10-20 lack in Bengaluru at such areas can be a profitable investment for buyer in the coming financial year.

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Bannerghatta Road is a Goldmine for Realty Investors

Bangalore, the silicon valley of India is a city of enthusiastic and dynamic people. Being the IT hub of India, Bangalore is becoming one of the major economic hubs of India. Every day the city opens up with a new hope for real estate developers to launch their residential and commercial avenue. Among all the zones south Bangalore is one among of the top place hosted with the highest numbers of corporate IT Companies as well as residential properties.

Bannerghatta Road is one among such destination for real estate investors, it is becoming home for new commercial as well as residential projects and most of the sophisticated residential projects are found here. As the name derived from the National Biological Park, Bannerghatta has perceived many new launches with sky touching apartments and residential projects.

 Advantages of Location

It offers a good accessibility to the most important corners of the city through Bannerghatta Road. The well planned road and transport structure are connected with even interior localities to push the realty growth further. BMTC buses serve all the important locations like malls and hospitals of the area making it a preferable for home buyers.

TGS Om City in Bannerghatta

Site Preview of TGS Om City in Bannerghatta Road

TGS Layouts comes with TGS Om City with an aim to provide affordable plots for sale in Bannerghatta road, falls under Bangalore South. This wishfully designed residential land plots for sale in Bannerghatta Road is loaded with modern amenities. TGS Om City stretched across a land of 94 Acers and gives a choice of villa plots for the investors. Dividing the total land in to 1501 units of plots it has two different sized plots 30X40 and 60X40. These plots are sold at an affordable price of 8 lacks on wards and as a launching offer investors may get a discount on these plots as per the company’s terms and conditions.

Key Notes for Investors

Bangalore has coped much better against the real estate demand of other cities in India. Although the residential land prices are going up but land developers are trying their best to bring the best possible ways for the real estate investors. The price of residential sites in Bannerghatta Road is going high day by day and it is expected to continue in future as well. It is better to buy some low budgeted plots before the price goes out of your budget. 

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Land plots within 10 lakh only at TGS Gruha Utsav

TGS Gruha Utsav buy plots in Bangalore within 10 Lakh

TGS Layouts is all up and going with mega sale on plots and land layouts. The company was incorporated for the benefit of the middle class who wants to buy affordable plots in Bangalore. For this purpose the company started selling land layouts of sizes 30 by 40 feet, 40 by 50 feet and other odd sizes in planned layouts laying roads, sewage systems, electricity and other basic amenities. The other amenities that will be provided are temple, badminton court, different sports area, parks, pet area, jogging track, basketball court, tennis court, children’s play area and many more.

The good news is that TGS Layouts is selling these land plots in planned layouts in places like Mysore Road and Devanahalli at never before low prices. Apart from that there are cars, motor bikes, scooters, TV sets, refrigerators and washing machines to be taken as gifts and prizes. TGS Shambhavi is at IVC road of Devanahalli and TGS Padmavathi is on Mysore Road. Both are well planned layouts of land on acres of land with the best of infrastructure around with all kinds of facilities as well. The company can also take the initiative of building the houses for the customers. The company names it Gruha Utsav (A Festival of Homes) and calls all the prospective customers to visit the plots and the site. The company arranges free site visits for all its customers willing to book the sites. The company can also assist you in availing the loans from banks and can extend a hand of assistance for other aspects also. But as the quantity of land plots is limited the company insists that the customers should be quick. 

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Plots in Mysore Road sold at high discount at TGS Padmavathi

TGS Padmavathi for sale at huge discount and offers

Mysore Road is the busiest place of Bangalore nowadays. Mysore road is one of the most sought after too in Bangalore as well. Sites and plots here, although scarce are highly priced. The developers are mostly selling apartments here which are also high priced. TGS Layouts sells sites and land plots at best locations of Mysore Road with great infrastructural facilities and TGS Padmavathi is one among them. That is not the news that we wanted to tell you here. The news is that the company is selling these plots and land stretches at a discount of Rs. 1 lakh straight away on current price which is already low priced comparing to the other land developers plots that the companies are selling. Not only that you will also get a free gift like a TV set or a washing machine absolutely free. The land is also equipped with all the amenities like swimming pool, club house, park, party hall, jogging track and many more. You can also build row houses here as well. The opportunity states the company will not last for long as the sale will only go on for the period till the stocks last. So, you need to hurry. TGS Layouts has made all arrangements for you to buy the plots including a free site visit too along with a property consultant who will accompany you. If you desire to take the help of the company in procuring the loan for buying the plot or building the house the company can help you as well. Even the company can assist you in the constructions work or to build a house for you according to your plans. But this sale is only for limited period and so you have to be quick insists the sources from the company.

For a better insight of all properties of TGS Layouts located in Mysore road please give a through look into this slide presentation.

Tgs layouts in mysore road from TGS Layouts

We would appreciate if you participate in dropping reviews on TGS Layouts specifically on TGS Padmavathi here in the below comment box after completing your site visit, even though it is a complaint or a word of appreciation. Also if you are an existing customer of any projects and like to share your thought then we will be happy to hear from you.

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Realty Perspectives in India, City Wise Analysis

Among the major markets a current study has revealed that cities like Bengaluru has the most affordable residential market having more than 77 percent of the total residential units being under construction which is under the valuation of Rs. 50 lakhs. Bengaluru is one of the most preferred destinations of the NRIs after Mumbai and the recent study also shows that many NRIs in different regions prefer Bengaluru more than any other Indian city.

Know more: how real estate bill invites many NRIs to invest in India?

Mumbai still continues to be the most expensive market and most unfavorable as the price levels of more than 29 percent of the properties still under construction crosses a crore of rupees. The sales figures of Mumbai are low posing great trouble for the developers and the builders with the unsold inventory going high and new launches going low.

Leaving these metros if you think of the tier II and III cities they are fast growing and have started to reap the potential of the real estate market of the recent times. The population and industrial growth with the government’s plans of roads and infrastructure in cities like Ahmedabad, Surat, Vadodara, Hyderabad, Kochi, Kota, Rewari, Jaipur and other cities have made the real state sector in these place more lucrative than the major metros. In many of these places there was political instability like Hyderabad due to which there was a lull but now most of these cities have taken a lead with many multinationals expressing interests in these cities.

What should the end users and investors do?

The experts suggest that although the realty sector is going through a tumultuous change there can be wise investments made which can give higher returns than speculated. Negating the risks attached to it the trend watchers specifies few of the precautions. They suggest that if one wants to invest in the emerging areas one should analyze the scope of returns on investment by surveying the industrial prospects and the infrastructural development of the area. You can also gauge the NRI investment prospects in the area and see if any of the projects in the area have received foreign investment. The approval of the financial institutions is also an indicator. The policy of the government and the RBI also has a bearing and one has to check what kind of investor friendly measures the government has taken in recent times. The realtors stress that political stability is also a factor that should be there in order for things to run smoothly. 

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