In an era where everyone wants readymade things, even apartments, if you have decided on living in a villa then, congratulations. Bangalore offers fabulous options for land, plots, and villas. It has many areas in and around the circumference of the municipal limits that hold investor interest to make a sizable immovable asset like a dream villa. Opting for a plot is like moving out of the comfort zone-everything is done from scratch-getting the architect to make blueprints to handling documents to get the amenities and services from the builder. But it is an interesting process that one enjoys for privacy and luxury of peace of mind. There are villa plots in North Bangalore that have attracted several buyers. Just in case you also wish to take the plunge in this exciting realty sector then do not overlook a few points mentioned here.
One of the many reasons why people move out of apartments is that their growing families need more breathing space. Hence, opting for villas or plot of land is ideal where each room can be designed according to the occupant. There is also enough space for landscaping and making gardens.
Even though you will control everything from day one think about these points:
- Land prices in certain areas of the city have risen. For example plots for sale near Devanahalli are commanding good prices. Projects that are being made there with independent villas have various layout options. Check out the area, if it has all the other utilities in place to connect to the city. If you intend to live there eventually it should not cut you off from habitation.
- Builders are purchasing many land parcels from farmers. The agricultural land is now being converted to NA plots for people to live. As we all know, it is necessary to get all the paperwork, clear title deeds, ownership, builder’s NoC and certification from the agencies in the local government.
- Did you know that even if you buy an independent piece of land you would be subjected to taxation? Understand this from the real estate experts or get in touch with the CA to know how it will impact your loan repayment. A house under construction attracts different parameters of taxation and legal expertise.
- Do you look at the villa as an opportunity to invest and give it on rent? North Bangalore offers a wide variety of plots and even readymade villas. But you will have to understand how the municipality will be taxing you for the same. Will you have to pay a wealth tax if it is used commercially? Do keep this point in mind.
As the prices of land for sale in north Bangalore increases, builders of repute are helping investors to make decisions in their projects. They are offering demarcated plots. A potential owner has an option of getting professionals to get the house constructed or sourcing them from the builder.
Villas are healthier and offer more space to the owners. Builders are also offering maintenance and end-to-end security in gated communities where villas are being built. Imagine living in a close-knit community in a scenic location with like-minded people. It is no longer mission impossible. Go for it.