Investing in property is a wise decision as it is considered a long-term investment for the future. Bangalore is a lucrative investment option as it offers well-built infrastructure, as well as one can find affordable to premium properties in Bangalore, reliable builders and financing schemes to fund your dream.
Here are other benefits of investing in real estate:
- Bangalore is growing economically at a rapid pace. Thus, the property you invest in will earn appreciable returns in the future. The appreciation will cover not only the investment value but also provide high return on investment on the amount initially put towards the property.
- Bangalore attracts mixed crowd and thus offers affordable housing to cater to the demands and needs of potential home buyers.
- Major NBFCs offer lucrative home loan finance with higher loan amount up to Rs. 3.5 crores at affordable rate of interest and flexible tenure of 240 months. However, it must be noted that specific terms of the loan depend on individual terms of the lender and individual profile of the applicant.
- The loan offers part-prepayment and foreclosure facility thus making it convenient to be repaid back.
- You get relief from paying up to 3 EMIs with amount adjusted against the loan tenure. This provides salaried professionals grace period without having to compromise on their financial obligations.
It is suggested to opt for reliable and experienced real estate builders and developers who provide properties at prominent locations, basic amenities and comfortable living spaces for home buyers.