A Comprehensive Guide to Buying Flats in Horamavu: Everything You Need to Know Before Investing in Your Dream Home

Horamavu is a fast-growing residential area located in the north-east part of Bangalore. The locality has witnessed a steady increase in residential and commercial developments over the past few years, making it an ideal destination for those looking to invest in flats. If you're planning to buy a flat in Horamavu, here is everything you need to know before making the investment.

Location and Connectivity

Horamavu is well-connected to the rest of the city through various modes of transportation, including buses, cabs, and metro. The nearest metro station is around 6 km away from the locality, making it easily accessible to those working in other parts of the city. The locality is also surrounded by several educational institutions, hospitals, and shopping malls, making it an ideal destination for families.

Price Trends

One of the most important factors to consider while investing in a flat is the price trends in the locality. According to real estate experts, the price of flats in Horamavu has witnessed a steady increase over the past few years due to the increasing demand. The average price of a 2BHK flat in Horamavu ranges between Rs. 50 lakhs to Rs. 1 crore, while a 3BHK flat costs between Rs. 70 lakhs to Rs. 1.5 crore.

Builder Reputation

Before investing in a flat, it is crucial to check the reputation of the builder. Research the builder's past projects, reviews from existing customers, and their financial stability. It is advisable to invest in a flat from a reputed builder who has a good track record of delivering projects on time and providing high-quality construction.

Amenities

When buying a flat in Horamavu, it is essential to check the amenities provided by the builder. Amenities such as swimming pool, gym, clubhouse, children's play area, and security features are crucial for a comfortable and safe living experience. Ensure that the builder provides all the amenities promised before making the investment.

Legal Check

It is crucial to conduct a legal check before investing in a flat. Check if the builder has obtained all the necessary approvals from the local authorities such as BBMP, BDA, and NOC from the concerned departments. Also, verify the builder's land titles, encumbrance certificates, and other necessary legal documents before making the investment.

Conclusion

Investing in a flat in Horamavu can be a lucrative investment, provided you do your research and due diligence. Consider the factors mentioned above before making the investment to ensure a safe and profitable investment. Remember to work with a reputed builder who provides high-quality construction, timely delivery, and all necessary amenities for a comfortable living experience.