Why Property in Bangalore is better to buy than renting?

 

Bangalore is an ever developing city. Property in Bangalore is of all sorts. Commercial property and residential properties are available for all types of buyers. Property in Bangalore is also not cheap. This is because Bangalore is a metropolitan city offering everything for an individual to make a living. You practically get everything in Bangalore.

The city is the silicon valley of the country. You find tech giants with either their Headquarters or branch offices in Bangalore. So, If you are a student looking for an education or a graduate looking for a job, Bangalore definitely has an answer for your needs.

People from all over the country migrate to Bangalore for a lot of things; the first requirement for them is a property in Bangalore. The property can be for residential use or commercial use depending on the individual. When it comes to residential properties in Bangalore, there will always be a thought of either buying it or renting it. The best option is to buy the property in Bangalore.

The Rent and the EMI are almost same.

EMI and rent often tally to be the same if you are taking up a property inside the city with all accessibilities. No matter how long you stay in the property you will never own it. In a locality with decent amenities and requirements the rent is always very close to the EMI. The most practical thing to do, is to buy the property instead just giving rent, which will fetch you no good. With the option of low cost and easy EMI’s one can actually own a property in Bangalore.

Low cost EMI’s by various nationalized banks for RERA, BBMP, BDA approved projects.

When it comes to buying a property in Bangalore, there are many banks that offer loan facilities. These facilities are even easier to get if you are purchasing a property in Bangalore that is RERA, BBMP or BDA approved. An approval by a competent authority means the property of clean from any kind of litigations. This makes it easier for banks to evaluate and sanction loans. A house loan is one of the priorities for banks also. Top Names in the banking sector such as SBI, HDFC, ICICI, AXIS & KOTAK banks sanction loans at a very fast pace based in the property you are buying an your portfolio.

TAX Benefits.

Buying a property in Bangalore with the help of a home loan, not only saves you from paying income tax, or capital gains tax. It also, helps you improve you credit score. If you do not invest in the right place at the right time, you end up giving away a major chunk of your hard earned money in taxes.

Benefit of owning a property in a city like Bangalore, and an investment that will bore fruit even in the long run.

You will have the satisfaction of owning your own home, which is a milestone in the life of many. An independent house or a flat owned by you, will also give you a sense of security no matter what. The next opportunity you will have is to turn this in to another source of income by letting it out on rent. An Investment that you will not regret.

Conclusion.

GR Group is a well known name in the real estate sector in Bangalore with over a decade of experience. With various residential and commercial properties to their portfolio, log on to the website for more.