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Buying a Dream Home is a lifetime goal and, in some case, it may be an investment for savings from their career. the list of factor
For any Home Buyer should consider before deciding to invest in a property to ensure then their investment is perfect.
We brief 13 key factors below in detail which will help the buyers to know about real estate:
Types of Khata : Any property buyer should know about Khata while buying a new property.
Khata is divided into three types:
An A-khata means you are buying a property that is legal, and it will allow you to construct it and obtain a trade or building license.
An B-Khata means that the property is illegal or semi-illegal, have pending property taxes to be cleared or do not conform to government rules regarding properties.
B Khata can be upgraded to A Khata property by paying due taxes till date and betterment charges levied by the local authority.
E-Khata refers to the electronic khata that is filed online. The property owners can pay the taxes online.
A separate register is maintained by BBMP that list the legal, illegal or Semi-Legal Properties in the Bangalore. This register enables BBMP to collect taxes from buildings constructed illegally i.e. properties in violations of by law, construction is done in unauthorised layouts or in revenue lands or properties without having issuance certificates.
Vaastu is an ancient science of architecture that provides the guidelines to be followed while setting up an office or directions to be followed while building a residential space. An Ancient scripture called Vaastu Shastra provides the guidelines, are as follows The Direction of the main entrance, Kitchen, master bedroom, wash room and utility
As there is a belief that entire universe is made up of 5 elements - Earth, Wind, Fire Space and Water. All these elements should be balanced properly as it essential for the existence of life. It is applicable for residence since it is the part of the universe.
This indicates the details relating to the construction of a structure. The Specification, usually designated in the blueprints of the construction. It also describes the procedure involved in the construction, types of materials used, and the styles and designs that are to be incorporated etc.
Undivided Share is the percentage of land allotted to the buyer while purchasing a flat. When a Home Buyer Purchases an apartment, he/she is authorised to two things:
To Construct the Building. The proportionate share of the land on which the whole Building is constructed.
Any developer/landowner should get the permission to construct the property from the authority regulating the property development which is concerned in the respective area. For example, Bangalore has a different regulatory body which takes care of different parts of the city which is based on location.
Approval Authorities in Bangalore
Banaglore Development Authority (BDA)
Bangalore Metropolitan Region Development Authority (BMRDA)
Bruhat Bengaluru Mahanagara Pallike(BBMP)
Bangalore International Airport Area Planning Authority (BIAAPA)
Commencement Certificate is an Official document issued by the local Town Planning or Municipal Authorities to allow or permit the builder to begin construction or work, once all norms, licenses, permissions and consents have been obtained from the concerned or appropriate statutory authorities.
Occupancy Certificate is a document issued by the local government agency or building department certifying a building’s compliance with applicable building codes and other laws and indicating it to be in a condition suitable for Occupancy
Based on the nature of construction, social infrastructure and the accessibility to the external entities residential venture are listed as below.
A Gated community is a residential housing property with a protected environment and dedicated compound or wall built around the property. It has controlled entrance or dedicated pathway to travel within the campus for pedestrians, bicycles, and automobiles. Gated community plots are different from the normal apartment. It has small streets, common amenities which include Clubhouse with indoor games, outdoor games, swimming pool, shopping complex, convenience centres, clinic & etc within the campus.
Retirement Village/Community in Bangalore is a residency sector mainly built for senior citizens aged 55 or above. It is designed for residents who love to lead an independent life.
Residents of Retirement Village will get accommodation and services essential for their daily life other than the normal service available in other community venture.
Apart from usual facilities, the retirement village will have some extra facilities like old age care, Nursing Homes, parks, and pathways for walking.
Mixed-Use Development is a type of real estate project which is characterized as pedestrian-friendly development that consists of two or more residential, commercial, cultural, institutional, and industrial blocks. The Functions of each block will be integrated with other and can be accessed by every individual such that residents can get access to every facility close to the doorstep.
A Township is a self-contained residential zone which is the large-scale venture usually developed by some of the reputed builders. Since the culture of living has changed drastically with the evolution of the latest infrastructure and amenities. These Township projects will have all civic infrastructures available in the City. The residents can access main facilities - Education, Hospitality, Medical Institutes, Banks, ATM, Transportation and Super Markets.
A Condominium is a type of real estate development which refers to a group of housing units where the homeowners own their individual unit space. This type is best suited for the working professionals and nuclear family who love to leave close to their office with frequent transport facility.