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Pick The Right Neighborhood For Your Home In Bangalore
Total Articles: 9
In a city such as Bangalore for all the features and amenities within a home or a community, a key factor that determines a home purchase of any property is the neighborhood. A good neighborhood for flats in Bangalore greatly appreciates the value of a property. Similarly even a luxury apartment in Bangalore at not-so-good location depreciates its value. Therefore before considering buying apartments in Bangalore, it is important to understand what constitutes a good neighborhood and its possible impact on your home.
Special Economic Zones and IT corridors provide a higher desirability factor due to the close proximity with workplaces and reduced amount of everyday commute. They offer several employment opportunities and vastly improve the convenience. With all the traffic and distances in large metropolis, staying close to a workplace can be a boon in so many ways.
Secondly, it is important to pick a neighborhood with existing or planned social infrastructure.The best projects will often be located in the vicinity of parks, public access, libraries, banks, facilities for the elderly etc., the presence of such facilities is vastly improves the worth of the property and adds to the convenience factor.
It is important to know that the location of your home purchase is a neighborhood experiencing an economic boom. Different areas undergo a period of boom and the cycle continues for a definite period of time. This factor is influenced by the civic body’s plans to improve amenities in the neighborhood.
Safety is another prime factor that one must consider. Not just safety within the premises but also safety in the neighborhood is vital. Safety provides you the assurance and long term stability to settle down in a particular neighborhood. Value-for money is another important parameter to evaluate. Not all homes provide the same value for money and may not always fit into our budgets. Thus, it is vital that the money you spend is commensurate with the homes you are getting.
Some of the factors that improve a property’s worth would be – availability of transportation; access to arterial roads; and presence of services such as banks, schools, shopping centers etc.
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