Amid the vast IT set-up, the real estate market of Bangalore is always in demand. New housing projects, top-notch amenities and quality infrastructure continually boost the residential popularity among professionals. However, since buying a new home requires significant investment, particularly in a Tier-I city like Bangalore, it is imperative to ensure careful planning and a solid budget. Doing so can help you go a long way in selecting the right project. But what are the details to look into when shortlisting a new housing project in Bangalore? The article here shares a comprehensive checklist to keep in mind for a hassle-free experience.
Tips to shortlist a housing project
From checking the builder’s track record to narrowing down a location, there are multiple details to look into the home shortlisting process.
Check developer record
In a city like Bangalore, where numerous developers launch housing projects each day, finding the one that offers quality and holds an excellent delivery record is the key. Quality assurance, market credibility and timely possession is rudimentary. Hence, when shortlisting a project in Bangalore opt for K-RERA registered builders and research developers’ track records. While many developers in Bangalore have a pan-India presence and a long legacy to follow, some home grown builders, too, have carved a niche for themselves by delivering quality projects on time. And, one such builder adhering to these principles is Trifecta Projects Private Limited, a renowned Bangalore-based group. Trifecta Projects has recently launched a residential project, Trifecta Vanto, along the Sarjapur Road in East Bangalore. The project spanning across 9.06 acres, boasts eco-friendly features, sustainable construction materials, and 85 percent open space. Total 825 units are on offer across two towers of 24 floors each. The developer also promises quality construction using low or zero-VOC paints and cooling materials for lower utility bills.
As per Sarada Reddy, Co-Founder, Trifecta Projects Pvt Ltd, "With over twenty years of expertise in residential and commercial development, Trifecta Projects Private Limited exemplifies excellence and innovation. By integrating modern design with sustainable principles, we create unparalleled living environments. Our reputation for quality, sustainability, and customer satisfaction distinguishes us in the real estate sector. Among our notable projects are Trifecta Joli, Trifecta Beaumonde, Sollievo, and Esplanade in Whitefield, Verde En Resplandor in Thirumenahalli, Verdure and Bueno in Sarjapura, and Starlight in Mahadevpura. Additionally, our commercial ventures, Trifecta Adatto and Fait Pour, in Mahadevpura, Bangalore East, showcase our commitment to excellence."
Location and facilities
Location holds a significant place when shortlisting a housing project. When choosing an area to live in, ascertain that it has all the indispensable amenities for those who will be occupying the unit. For example, if you have a family, prioritise locations such as Sarjapur Road, a major thoroughfare dotted with commercial establishments, educational institutes, healthcare centres, shopping hubs and recreational zones. Also, it provides good connectivity to key business hubs, such as Marathahalli, Whitefield, and Electronic City, located 7-13 km away.
Nearby connectivity
Bangalore is notorious for its traffic, where traveling just a few km can take 1-2 hours! If you don't want to spend most of your day commuting, carefully consider where you choose to live. Buying a flat in Bangalore isn't too difficult, but ensure it is close to work, has good connectivity, and boasts robust infrastructure. With Namma Metro expanding in many parts of the city, you can even consider localities that are farther away but well-connected by the metro.
Project amenities
Project amenities are one of the biggest game changers when it comes to finalising a home. While going through various projects, make a checklist of must-haves, such as outdoor space or a deck or kids’ play area considering your family’s future needs and lifestyle. Homebuyers looking for a balance of modernity and sustainability can consider Trifecta Vanto along Sarjapur Road. Boasting extensive open areas, eco-sustainable features and an expansive 50,000 sq ft Platinum Oasis Clubhouse, homebuyers here have access to everything. The clubhouse comes replete with facilities such as a clinic, crèche, grocery store, multipurpose hall, library, and asalon. Also, it includes a semi-Olympic-size pool and eco-friendly wellness and fitness centre. Residents can also enjoy a virtual golf, a sports court, a cafeteria, a mini theatre, a yoga/art studio, and a terrace party lawn within the project.
Water and electrical inspection
Bangalore, despite its immense development, suffers from acute water crisis. While earlier, the water shortage was an issue in a few locations, today the situation has deteriorated. At the pace at which the city is growing, it is nearly impossible to supply water to everyone. Many housing projects in Bangalore rely on tankers, rainwater harvesting systems, and similar methods to manage their water supply. Hence, when planning to buy an apartment in the city, it's essential to check the water source. Also, with the growing trend of working from home, it's crucial to ensure the apartment you're considering has a reliable electricity supply. Look for flats that offer 24/7 power backup to avoid long outages. For instance, Trifecta Vanto has an extensive rainwater harvesting system in place to conserve water and eco-friendly roofing and paving materials to reduce the urban heat island effect. Also, it offers 100% power backup and is designed for natural airflow and ample light, reducing the need for artificial lighting and cooling devices.
Return on investment
Considering the return on investment (ROI) is crucial before buying a home. Ahead of finalising a deal, analyse the price trend of the area, potential appreciation, rental income, and overall value growth to ensure your purchase is financially sound and aligns with long-term goals. Properties in well-connected locations and areas with upcoming infrastructure developments are more likely to see an increase in property prices. As per 99acres, areas such as Sarjapur Road have shown immense growth. The average property price in Sarjapur Road hovers around Rs 9,400 per sq ft, post a significant appreciation of about 60 percent in the last five years.
Therefore, when purchasing a home, it is wise to take a step back and assess the factors mentioned above. Staying updated with real estate trends can help you spot cities and areas that are or will be in demand due to upcoming infrastructure projects. It is best to opt for potential markets like Sarjapur Road where infrastructure and property values are growing rapidly. You can also seek advice from developers and real estate industry experts before making your final decision.
