How to Buy an Affordable Villa in Bangalore (Tips for Investment)

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hardik, February 10, 2019

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The Garden City offers everything that you can dream of for a comfortable and happy life, be it ample job opportunities, affordable living, excellent dining and nightlife, a cosmopolitan population and pleasant weather. So it’s no wonder that young and old Indians alike consider settling down in this city to make the most of what’s on offer.

These factors are also reason enough for you to invest in real estate in Bangalore. Whether you want to raise your children here, invest for retirement or want to rent out property, investing in Bangalore will surely pay off.

Be it a comfortable apartment in the developing areas like Jalahalli, a lavish flat in the Sobha Dream Acres or even a luxury villa in Sarjapur, the options are endless.

Villas for sale in Bangalore, especially in the outskirts, start from Rs.55 lakh and can go up to Rs.14 crore. Even though a villa may cost a fortune, you can make this purchase more affordable by planning smartly. Here is a checklist that will help you do this.

Also read: How to Choose the Right Property in Ahmedabad

Decide your budget

When planning to buy a villa for sale in Bangalore, you must first allocate a budget for the purchase. This helps you save time as you can weed out expensive projects and narrow down on ones that fit in your budget.

While outlining your budget consider various peripheral costs as well such as stamp duty and registration, maintenance charged by the builder, one-time payment for a parking lot, etc.

Make sure you learn about these costs before sealing the deal so that your purchase is within your budget and you can plan for all possible payments in advance.

Choose a location smartly

The location of the villa you plan to buy also influences the cost. For instance, in areas like Whitefield, Sarjapur, and Kaadubeesanahalli, IT hubs and business parks are aplenty. To save time on travel, IT employees wish to buy properties in such areas.

This demand can add to your villa purchasing costs but also offer higher rental income. On the other hand, if you wish to stay in the home yourself, by choosing locations away from IT hubs and business parks you can save several lakhs. This is true especially if you are planning to use the villa as a holiday home or once you retire.

Also read: Real Estate Investment: Ultimate Guide For Beginners

Evaluate your needs and weed out costly amenities

A villa is known for its expansive rooms, high-class amenities, canopied common areas, private swimming pools and decks, party halls and more.

Naturally, if you want to buy a villa with all such facilities, you will have to bear higher costs. Therefore, evaluate your needs and understand which facilities you seek. This will help you understand if the benefits are worth the cost.

Also, note that these days builders offer customization options. Using this facility you can opt out of the private swimming pool and terrace if need be, and choose other facilities that you’re more likely to use. Moreover, you can choose to not add smart home features to your villa at the time of purchase to bring down the total cost.

Also read: 5 Reasons Why Buying a Flat in Bangalore is a Smart Investment

Avail an affordable home loan

Finally, to buy villas on sale in Bangalore affordably, shop around for home loans. Compare lenders and consolidate the charges and features. Weigh these factors and go for the lender offering maximum features at the lowest cost.

Consider home loans by Bajaj Housing Finance Limited to avail a sanction of up to Rs. 3.5 crore at affordable interest rates. Not only this, but also enjoy property search assistance and property dossiers that help you with the legal and financial aspects of your villa purchase.

With in-person assistance for site visits, you can get all the help you need to shortlist various options. You can also get documentation assistance to help you find your dream villa and hasten the buying process.

With this guide on purchasing an affordable villa in Bangalore, start your property search now! Check your pre-approved offer from Bajaj Housing Finance Limited to view customized deals and enjoy quick approval. Make the most of this all-encompassing financial solution and wait no more to buy a villa on sale in Bangalore.