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What Are the Must-Have Facilities for Nuclear Families in a Bengaluru Home

With lakhs of people emigrating for work and lifestyle purposes, Bengaluru has long sinceestablished itself as a sought-after hub for families. Aside from indigenous Bengalureans,most migrants live in small, nuclear …

With lakhs of people emigrating for work and lifestyle purposes, Bengaluru has long since
established itself as a sought-after hub for families. Aside from indigenous Bengalureans,
most migrants live in small, nuclear families compared to joint families. Hence, what you
expect from a home in the city can differ significantly in the case of nuclear families.
Here, we list a few facilities you should look for when looking for a house for your small
family

Play Area for Kids

Young children learn when they explore the outside by playing outside. The act of indulging
in fun time in a children’s play teaches kids about communicating, making friends, and
teaming up. So, always look for a neighborhood or a project that has a play area where your
kids can partake in fun activities.

Proximity to Schools

Going to school should be an exciting experience for kids rather than a tiring one. Hence,
you should always find a neighborhood with good schools, so your children don’t risk
exhaustion to gain quality education.

 Hospitals Nearby

Medical emergencies can occur at any time. You may need to seek a doctor’s attention
immediately to keep yourself or your family safe. Hence, proximity to hospitals should
always be a factor when looking to buy a home in Bengaluru.

Uninterrupted Power/Water Supply

The Silicon Valley of India has grown exponentially over the last decade. Facilities like power
and water supply aren’t exclusively available to their fullest across all neighborhoods. Your
priority should be to find a complex that offers your uninterrupted power and water supply
to ensure you can lead your life without worries.

Garbage Disposal

Waste generation in Bengaluru has been growing at an alarming pace. While that isn’t a
concerning factor on its own, the fact that there isn’t a uniform management system in place
for all localities is. That’s why you should take a look at the waste management systems at
complexes or neighborhoods you are planning to buy a home.

Safety

Let’s face it. The universal truth across all cities around the world is that some localities are
safer than others. Typically, lower-income areas with dense populations have higher safety
concerns than middle-class and upper-middle-class surroundings.
The difference between these types of neighborhoods is often in the price. Never
compromise on safety for the sake of saving a few lakh rupees.
You can put all these concerns away when you buy an apartment from 5 Elements Realty.
We are one of the oldest developers in Bengaluru with unmatched experience in delivering
world-class projects for thousands of nuclear families. To know more, call us at 91 99026
78888 or visit our office at 5 Elements Realty 303, Brigade Corner, 110/73, Kanakapura Main
Road, Jayanagar 7th Block. Our dedicated sales team will arrange for you to visit all our
homes to help you find your dream home.

 

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Your Guide to Buying a Home in Bengaluru

Dubbed the most livable city in India, Bangalore, or Bengaluru, is an ever-expanding metropolis boasting a cosmopolitan culture, ample employment opportunities, top-notch educational institutions, and exciting lifestyle options. This unique …

Dubbed the most livable city in India, Bangalore, or Bengaluru, is an ever-expanding
metropolis boasting a cosmopolitan culture, ample employment opportunities, top-notch
educational institutions, and exciting lifestyle options. This unique combination contributes
to the irresistible allure of the city as emigrants from across the country throng the Silicon
Valley of India in search of a better life. And, there isn’t a better way to guarantee your
legacy in the city than buying a house.
Here’s a guide to help you buy a 1/2/3 BHK house that suits your needs and purpose.

Set a Budget

The first step in your house hunting should focus on determining your budget. You could
start by using free Home Loan Eligibility Calculators online to figure out the loan amount you
are likely to get based on your take-home salary. Ideally, opt for a loan such that your EMIs
are no more than 40% of your monthly income. You can even club your spouse’s salary to
increase your loan eligibility.

Determine Your Needs

You can find homes classified into 1 BHK, 2 BHK, 3 BHK, 4 BHK, and row houses or villas in
the city. Before starting your search, decide your current situation: do you see your
employer asking you to return to the office? Or do you have the option of working from
home indefinitely? In the first case, you may need to find a house that lightens your
commute to and from your workplace. In the case of the latter, finding a community away
from the city limits to enjoy a relaxed life makes better sense.

Do Your Due Diligence

Once you find a property you like, you need to do your due diligence. Check whether the
builder’s reputation, reviews on their previous projects, whether the project is RERA
approved, and whether they have all the necessary approvals in place. You could personally
request the details from the developer and have them verified legally by a counsel.

Think of Resale Value

Bengaluru has thousands of projects developed by hundreds of builders. However, you
should know that projects by a few builders command a higher premium compared to
others. It is especially true when you are planning to resale the property at a later date.

Keep the Future in Mind

You may buy a house at any stage of your life – single, married, and married with kids. Once
you cross each milestone, your requirements are likely to increase. For instance, a 2 BHK
may be sufficient for a nuclear family, but if you are married and have parents to care for,
the property may prove ill-fitted to your needs.
So, always plan a house purchase with the future in mind and know that it can be a big
financial commitment that stretches beyond 20 years.
To sum up, owning a home is a big responsibility – one that guarantees your future and those
of your kids. That’s why owning a 5 Elements Realty home is your best option. Our homes
are affordable, built to the highest standard, and offer you the peace of mind of owning a
premium property

 

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Why Buying a Home is Better than Renting One in Bangalore

The rising cost of inflation and the rapid uptrend in real estate prices have changed the property market in Bangalore. In the last decade alone, the average price of an …

The rising cost of inflation and the rapid uptrend in real estate prices have changed the
property market in Bangalore. In the last decade alone, the average price of an
apartment/plot has surged by over 100 percent with some locations witnessing an
astronomical increase.
Keeping this in mind, let’s take a look at why buying a home in Bangalore is better than
renting one.

You Get an Affordable Home

Ever since metro rail connectivity arrived, real estate prices have found a new impetus to
grow exponentially. Neighborhoods that are near metro stations have seen prices skyrocket
over the last decade. The same will hold true for regions where metro rail is already
proposed and in the works.

You Save on Rent

The average cost of a 2BHK home in upper-middle-class neighborhoods along the IT
corridors typically ranges upwards of INR 20,000 per month, exclusive of monthly
maintenance. This outlay is permanent and one you won’t get back. If you rent a house for a
year, you are shelling out INR 2,40,000 per annum. Add the standard 5% increase in rent to
the picture, and the rent for the second year increases to INR 2,52,000 per annum.
If you can save them money, what constitutes two years worth of rent can serve as a
downpayment for a decent 2 BHK apartment within the city limits.

You Get an Asset of Your Own

When you buy a home in Bangalore, you will officially be the owner of property in the
fastest-growing cities of the world. This also gives you an asset that you can call your own
and be proud of. Another benefit is you can use the house as a hedge to make further
investments or take loans in case of capital requirement

You Get Tax Benefits

Let’s face it, nobody likes seeing lakhs of their salary going into taxes. Getting a home will
change that for you. Here’s a list of all the benefits you can get on a home loan.

Section Deduction Details
80C INR 1.5 lakh On loan principal. Also
inclusive of stamp duty
charges
24b INR 2 lakh On interest paid
80EEA INR 1.5 lakh On interest paid provided
the stamp value is above
INR 45 lakh
80 EE INR 50,000 On interest if the property is less than INR 35 lakh and does not exceed INR 50 lakh

Are you searching for the best time to buy a house? The best time is Now! And, look no
further than 5 Elements Realty. We have dozens of tastefully designed projects across
Bangalore, available at affordable prices with connectivity to the tech hubs and key business
districts.
Visit our office at 303, Brigade Corner 110/73, 560 082, Kanakapura Rd, 7th Block, Jayanagar,
Bengaluru, Karnataka 560070, now and get busy choosing a house that suits your every
need.

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How to Get the Best Home Loan in Bangalore

Once you have decided upon your dream home in Bangalore, you are moving into the next step in the cycle ‐ financing the purchase. Unless you’re born with a silver …

Once you have decided upon your dream home in Bangalore, you are moving into the next step in the cycle ‐ financing the purchase. Unless you’re born with a silver spoon, like millions of us, you won’t come across lakhs and possibly crores of rupees required to fund a home purchase. That’s where a home loan comes into the picture. And, there’s no better time than the present to opt for a home loan, especially considering loans are now available for as low as 6.50%. So, let’s dig right in and take a look at how you can get the best home loan in namma Bengaluru.

Shop for Offers

You shop for just about everything ‐ groceries, cars, toys, flight tickets, clothes, and so on. So,
why don’t you shop for a home loan as well? That’s right. Shopping around for offers is the
best way to find the home loan you need.
Here’s what you could do: approach the three most popular nationalized and private banks
of your choice and ask them for the best rates they can offer.

Sort Out Your Down Payment

Banks expect you to make a 10 to 20% downpayment of the total cost of a home before
applying for a loan. The higher the down payment you make, the better the prospect of
getting a low-interest home loan.
Walking in with a sizeable downpayment is the best bargaining chip you can have. You may
even walk away with an interest rate that’s a few basis points lower than the prevailing
market rate.

Take a Deeper Look at Your Credit Score

Credit scores have become the standard when determining your creditworthiness for all
lines of credit. Usually, a credit score of over 750 is enough to get you a good home loan.
However, having a score close to the 850 to 900 range will make banks line up to offer you
the loan.
A higher credit score means you are less likely to default on repayment when compared to
someone with a lower credit score. So, apply for a credit report from CIBIL, Experian, or CRIF,
analyze if all your payments are accurate, and ensure you get all disputes rectified to keep
your scores high.

Find Builders with Pre-approved Loans

Real estate developers have upped their customer satisfaction game in recent years. They
are leaving no stone unturned to ensure prospective buyers have the smoothest home
buying experience. To that end, they are partnering with top banks to finish due diligence
and are getting loan approvals for all buyers as long as the credit score and documentation
are in place.
At 5 Elements Realty, we have a history of offering great value propositions for people across
all walks of life in the silicon valley of India. We have successfully delivered dozens of
completed projects and have dozens more in the pipeline. So, come, end your home search
with us, and rest assured that you are receiving a world-class experience at affordable rates.
Visit us at 303, Brigade Corner 110/73, 560 082, Kanakapura Rd, 7th Block, Jayanagar,
Bengaluru, Karnataka 560070, to learn more about our projects and enjoy a guided tour of
your new and forever home.

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7 Documents You Must Check Before Buying A House in Bangalore

Have you decided to buy a house in Bengaluru? You have a crucial step ahead of you — checking whether all the documents are in place! That’s right, having all …

Have you decided to buy a house in Bengaluru? You have a crucial step ahead of you —
checking whether all the documents are in place! That’s right, having all the necessary paperwork is an essential step in the buying process since you are about to take up a financial obligation for life.

Here is a list of documents you need to check before buying a house in Bangalore.

The Mother Deed

The mother deed is one of the most crucial documents concerning a property. It gives you a list of all the people who previously owned the property. When you apply for a loan, the bank asks you for a copy of the mother deed as part of their due diligence to ensure the property is legally clear.

To get a mother deed, you need to approach the zonal registrar’s office the house belongs to and pay the required fees.

Sale Deed

The sale deed is a legal document that documents the sale between two or more parties, i.e., you and the seller. Once registered, the deed acts as your proof of ownership of the property in question. As per prevailing rules, a sale deed needs to be registered within four months of the date of execution.

Encumbrance Certificate

An encumbrance certificate gives you details of any legal proceedings or uncleared loans or mortgages the property is subject of. Getting the certificate stands as evidence of free title and ownership.

Construction Approvals

A property needs to have all the necessary approvals from relevant authorities. For instance, the floor plan needs to be approved by the local municipal or metropolitan body. You should also check for necessary approvals from the local electricity, sewage, water, and fire department to ensure you receive power, water, and also to ensure there is a fire safety protocol in place.

Completion and Possession Certificate

As the name suggests, the completion certificate is the official document that states that the construction of a project is complete. It also ensures that the developer has carried out all the regulatory checks to certify that the property is fit for use. The possession letter, on the other hand, is a letter provided by the developer stating that you can take possession.

Occupancy Certificate

Lastly, the occupancy certificate is a no-objection certificate the regional municipal authority provides a property stating that the project is fit for occupation. Failing to get an OC may result in hefty fines for the buyer or the demolition of the property.

Khata Certificate

A Khata is a document provided by the revenue department. It consists of all the details relating to a property, such as the size, location, and built-up area. A Khata certificate is necessary to obtain a home loan and to receive electricity and water supply to your house.
5 Elements Realty is one of the best developers in Bengaluru with experience in delivering world-class projects for several decades. Call us at 91 99026 78888 or visit our office at 5 Elements Realty 303, Brigade Corner, 110/73, Kanakapura Main Road, Jayanagar 7th Block to take a look at our portfolio and end your search for a dream home.

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Banks to look for a house loan

J.P.Nagar is named after Jay Prakash Narayan, an Indian Independence activist  who played a major role during the emergency period. It was previously known as the Sarakki layout. J.P.Nagar is …

J.P.Nagar is named after Jay Prakash Narayan, an Indian Independence activist  who played a major role during the emergency period. It was previously known as the Sarakki layout. J.P.Nagar is an area known for its traditional as well as modern cultural habitats. This juxtaposition is rare to come across, and as you are going for house hunting, this is a combination you would surely not like to miss out upon. Let not the FOMO feeling catch on you. So let’s explore this happening real estate area of Bangalore.

J.P.Nagar is the perfect location for your family as it has all the modern amenities at the doorstep. It is no wonder that it is a popular choice among Karnataka’s most famous personalities, such as – actor turned politician Sumalatha and former Chief Minister HD Kumaraswamy, among the other biggies. By now, you must have got a fair idea as to why J.P.Nagar is the right investment destination. Well-dotted with famous outlets and modern amenities, J.P.Nagar is the right choice to go for.

J.P.Nagar is the place for every age group catering to diverse interests. It is a well-known place for lip-smacking street food and recreational activities. Some of the most popular entertainment destinations are Ranga Shankara (one of the most famous theatres in Bangalore) and Dialogues Café (where a lot can happen over coffee).

As you reside with your family, you can be sure that there is every provision in J.P.Nagar within a radius of 2-3 Km. The infrastructure here is at the top position due to equal attention paid to physical and social infrastructure. It has wide roads, which makes the commute to and for a smooth ride. It has its proximity to other popular areas of Bangalore such as Kanakpura, Bannerghatta, Jaynagar, Banashankari, and BTM Layout. It is literally in the heart of the city. It also has the famous Namma Metro, which sits on the green line. While the southbound destination is towards Yelachenahalli, the northbound is towards Nagasandra.

Below is a list of popular points of J.P.Nagar, which serve to the all-round family purposes:

  • Schools and colleges:
  • Primary & secondary – Brigade School Millenium, Ekya School, Clarence Public School, etc.
  • College – Narayan PU School, Sri Chaitanya PU College, Presidency PU College etc.
  • Hospitals: Fortis hospital, Apollo Hospitals, Medicare Hospital.
  • Shopping centers: Bangalore Central, Gopalan Innovation Mall, Vega City.
  • IT companies: Infosys, Amazon, VMware Valtech

Ratings for J.P Nagar is 7.7/10, and it comes under the category of ‘very good locality’ (source- Common Floor). This is because of the accessible provisions amidst its surroundings and also due to its consistent returns in terms of profits. J.P. Nagar will fetch you an average monthly rental of 32,000 for a 2BHK apartment (source – Common Floor).

Considering the above analysis, one can come to the conclusion that investing in J.P. Nagar is a shot to sure success for a qualitative life with quantitative returns. You’ll surely be hard-pressed to find a residential locality like J.P.Nagar in Bangalore. Make your move NOW – 5 Elements Realty