Things to keep in mind while buying a Luxury Gated Community Villa Plots

Property buyers in metro cities are always on the lookout for safe investment options. They prioritize the safety of assets and the overall returns upon resale. Quite lately, the concept of buying gated luxury villas in Bangalore for sale has become a trend amongst potential homebuyers. There is no denying the fact that gated villa plots in Bangalore or any other city will be more secure, independent, and convenient investments.

If you are thinking of investing in lucrative properties for sale in Bangalore, it will be a great opportunity to invest in a gated community. Here are some important points to consider before you make the decision:

#Accessibility

Accessibility is a major factor to consider when you wish to value a property in Bangalore. A plot in a luxury gated community in Bangalore, with the ease of accessibility, will derive more value upon a resale. Connectivity to significant roads in the region and day-to-day mobility with both public & personal means of transportation should be utterly convenient.

#The Overall Living Experience

A gated community that is situated in far-off places with an absence of civic amenities will be less desirable for potential buyers. Moreover, such a community will also increase the complexity of executing day-to-day chores. On the other hand, luxury gated communities featuring impressive civic facilities -including shops, schools, hospitals, malls, markets, and so more, will always be in demand.

#Advantage of the Location

An advantage in terms of the location implies the locality in which the gated community is situated. If the gated community villa plot is situated in a prime locality in Bangalore, then it will deliver a greater return on investment in the future. Villa plots that are located far from the heart of the city will be available at reduced rates. However, their appreciation in value will take time -including factors like public facilities, connectivity to core areas, public transport, and so more.

#Value of the Property

Villa plots that are available within a gated community in Bangalore might cost slightly more than the standard plots outside a gated community. At the same time, a property situated in a central city or within a posh locality will also cost more.

A villa plot within a gated community in less developed areas of the city might be available at a lower rate. At the same time, buyers are initially expected to verify the existing price of independent plots of land per square feet in a particular neighbourhood. If the price per square feet in a gated community turns out to be more than the existing market price, the buyer should look into specific advantages offered by the community.

#Facilities Offered

There are several luxury gated communities in Bangalore offering access to high-end amenities -including 24/7 camera surveillance, dedicated parks, clubhouses, shops, parking lots, and so more. The presence of additional facilities within a gated community enhances its overall value in the long run.

#Important Documents

The paperwork while buying a luxury gated community villa plot in Bangalore can get overwhelming. Some of the important documents you need to check in with your property dealer are:

● Title Deed: It is an important piece of paper to make sure that the seller has legal and undisputed ownership of the property. You should ask for the original Title Deed from the seller. Check whether or not the property has been registered under the name of the seller. To be safer, you can ask for previous title deeds of the property.

● EC or Encumbrance Certificate: It is crucial to analyze whether or not the particular plot is under any type of legal dispute. You can obtain the EC at the office of the local registrar.

● Release Certificate: Inspect whether or not it is a resale property. If it is, you should ask for the release certificate. This document remains valid only in the case of a resale property. It makes sure whether or not the seller has cleared all existing loans on the given property.

Conclusion

It can be a great investment to buy a luxury gated community villa plot in Bangalore. However, given the risks involved, you should consider all important factors before making the decision.