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How do you feel secure and protected heading to a future that is everything but certain? Would living as tenants under someone’s watch count as a sustainable life? These are some questions that often puzzle residents who are figuring out their financial planning. Godrej Aqua by Godrej properties is a unique project that is strategically located at Hosahalli in Bangalore. It is crucial that residents realize the utmost importance of having an own house which not only gives a sense of pride, it even saves assets for the future so your children and loved ones can count on something tangible. Hosahalli is one of the twin villages Mattur-Hosahalli which is located along the banks of the Tunga River that is sure to contribute to an eco-friendly environment. The project comprises of architectural marvels so residents can enjoy impeccable views of landscaped gardens surrounding the project. With the development of social infrastructure, the land prices have increased and subsequently the property prices as well. Hosahalli is close to the Bangalore International Airport which is certain to increase land appreciation contributing to residents partnering with renowned property builders for their investment requirements. With residents flocking to emerging parts of the city, demand for residential spaces have increased significantly. To match up to the demand, realtors are now forced to devise new strategies and amend existing ones so they could release their excess inventory.
Regulations to increase the property tax coming financial year’2019
The BBMP has now come up with norms where there would be an increase in the property tax around various locations around the city. This is solely for developmental reasons as it can contribute to increased social infrastructure around the city. According to the recent reports, BBMP has proposed an increase in property tax of 25% for residential properties and a 30% increase for non-residential ones. Residents, especially first-time property aspirants have to look into this carefully and go about their investment decisions. It is always better to consult a profession before diving into the property market that fluctuates often. Rest assured, residents in and around Hosahalli who are willing to partner with Godrej Aqua Hosahalli Apaprtment are sure to sail through their lives with effortless ease and convenience.
Contributes to enough revenues for the city
It is important that the government makes arrangements so there are surplus funds that are required for overall development in different sectors. For instance, the civic engineering sector, hospitality sector, educational and medical institutions require sufficient funds to continue operations to serve the society in an effective way. To complement this, a property tax increase has become mandatory while balancing the supply demand ratio.
Plan your investment needs to be less affected by increase in property tax
With the proposal by the government regarding the increase in the property tax, residents should now devise a framework so that the affect of the tax increase is minimal. It all depends on the size of the house you are willing to purchase. Be it any residential project, there are various floor plans investors can choose from. It is important that residents prioritize their requirements so that the purchase homes that suit their requirement. Not less neither extra should be opted for. This would mean that the size of the apartment/unit would result in tax variations. On the contrary, residents can even benefit from the tax increase by BBMP. For example, Godrej Aqua Hosahalli Bangalore is situated close to reputed schools, colleges and medical institutions so residents can provide the best for their children and go about with their everyday commute with relative ease. In addition to this, there are numerous independent plots of land that are up for grabs. This increases the overall land value and investment demands. Residents can be smart enough in these situations and rent out the property with the property tax increase in picture. With IT tech parks close to the project, property owners or investors can now look for profitable tenants to avail long-term gains.
Rest assured, residents who are planning to relocate to areas around Hosahalli are sure to reap formidable returns because of numerous variable factors. With amenities, floor plans and project specifications clearly catering diverse residential requirements, people can be sure to bring value to their investment in the long-run.
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Bangalore as a city has developed leaps and bounds as far as real estate is concerned. We have world class IT hubs spread over all the parts of Bangalore with high-class infrastructure provided by top end realtors. Bangalore has also proved to be the most profitable city to invest in south India when compared to cities like Chennai and Vizag. The number of units by different realtors sold per project per financial year is far more than units sold in the rest of South India. On a national level, Bangalore placed 2nd to the metropolitan city of Mumbai. Sobha developers for instance have come up with one such project called Sobha Lake Garden KR Puram which is considered to one of the top locales to invest. Residents are smoothly transitioning from living on rental basis to owning their house, which was always the dream.
Statistics for real estate property and price trends in and around KR Puram
KR puram is considered to be one of the prime locations in Bangalore. With schools, colleges, medical institutions and IT hubs in close distances, the appreciated value of the land is staggering. We have accumulated data which provides us with statistics on property deals as well as the price in KR Puram.
Accessibility and Conveyance benefits
Citations and References: https://www.realtycompass.com/blog/bangalore_properties/kr-puram-real-estate-trends/