Wednesday, 29 July 2015

Upcoming localities offer value for money homes

What would you classify as a ‘must’ for your new home? Is it Vaastu compliancy or open spaces or a good neighbourhood? Or something else?

Power back-up, lift and security, parks, reserved parking, intercom facility, outdoor sports court, 24/7 security are now considered essential. With an increase in the buyer spending capacity, buyers are getting more demanding and developers are in the queue to please them. So, what is in the market today?

Clubhouses, private terrace and gardens, swimming pools, maintenance staff, banquet halls, gymnasiums, indoor games areas and separate kids’ play area, rain water harvesting, event space and amphitheatre, ATMs within the housing complex are now in. Click here to check out a whole range of projects that boast of added facilities.

As a buyer, in most cases you would have had to settle for a layout that was pre-conceived by the developer firm. Therefore, every unit in an apartment would have been similar. However, today most developers are letting you customise.

“Buyer preferences are constantly changing and so is the spending capacity. Many builders are letting consumers design their own living spaces. This means a buyer can make changes in the initial phases of construction thus saving up costs on breaking down a constructed structure and renovating it all over again,” says Thejas Nambiar of Hari Krishna and Sons.

K. S. Satyanarayana Reddy, CEO, DSR Infrastructure says, “Suppose you want a particular kind of tiling, layout, fixtures and furnishing, you could mark your choice early on in the construction, say within a year of construction. This not only takes care of your choice, but also helps you save time from changing an already framed mould.”

“Customisation also includes some bit of automation and depending upon your budget, you could choose what facilities you would want to opt for. Moreover, project delivery is very important, so the earlier you mark your preferences, the better it is,” he adds.

Why is there an increased attention paid to modern facilities?

Besides buyer preferences and how much they are willing to spend on property, a very important factor is the way how the city has been branching. “With established localities getting saturated, newer residential pockets are concentrated in areas where IT/ITeS offices have recently come up. As a result, builders are coming up with projects in remote areas as well. It becomes necessary to provide all amenities within the housing complex so that residents do not have to traverse long distances,” says Mani Vaidya, Basanth Properties.

Home buyers have also become very choosy when it comes to zeroing down on a property. While workplaces are close by and property prices are affordable, they insist on having conveniences such as provision stores, milk booths and grocery stores within the housing society. Vaidya says that such projects have better chances of closing a transaction.

If it suits your lifestyle, go for it!

You can also check for specifications. Is the tiling, flooring, doors and windows made as per your choice? The project mentioned above has the following specifications listed on the website:

Online home purchases are slowly picking pace, thanks to the way technology and cyber space has permeated into our daily lives. With every passing day, there is every attempt made to provide a prospective home buyer with as much genuine information as possible.

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