What You Should Know Before Buying a Villa in Electronic City
Once a cluster of small villages, Electronic City is one of the prominent places to reside in Bangalore. Developed infrastructure, a growing tech industry, and a serene environment are reasons people buy property here. Individuals who want a quality living experience are particularly interested in buying a villa in Electronic City.
If you are one of them, we have got you covered. The post makes you aware of things you must know before buying villas in Electronic City.
Let us get started without any delay.
Surroundings of Electronic City
Before you start exploring villas in Electronic City for sale, get familiar with the surroundings. It helps you determine the proximity to essential amenities like schools and hospitals.
Originally, Electronic City was designed for the Karnataka State Electronics Development Corporation. However, today, it is one of the prominent IT hubs in India.
The entire Electronic City covers an area of 800 acres. It has four zones. They are known as Phase 1, Phase 2, Phase 3 and Phase 4.
Phase 1 is one of the most developed parts of Electronic City. It is renowned for multinational corporations and tech firms. Phase 2 is generally the expansion of Phase 1 with residential zones and tech start-ups. Phase 3 and 4 are still in the developing phase.
Electronic City has three metro stations nearby. These include Huskur Road Metro Station, Infosys Foundation Konappana Agrahara Metro Station, and Hebbagodi Metro Station.
If you are looking for premium luxury villas in Electronic City, considering Phase 1 and 2 can be the best bet.
Credibility of Builders
We often hear news like property builders engaged in unethical practices. Delays in construction and possession are other common complaints in India. As a result, you must work with a trustworthy builder.
Get a list of builders who have completed and provided the best villas in Electronic City. Read online reviews to learn about builders and their previous records.
If possible, contact old buyers who have worked with the particular builder. Learn about their projects’ quality, delivery timelines and overall reputation in the market.
Consider The Amenities You Want in Your Villa
Villas in Electronic City come with various features. Depending on the price, they may have a private swimming pool, dedicated gym, outdoor kitchen, and landscaped garden.
Some ultra-luxury villas in Electronic City also feature a theatre, barbecue area, and sports facilities like a tennis or basketball court.
Future Prospects
Not everyone purchases villas in Electronic City for investment purposes. Nevertheless, buyers must be aware of the potential resale value of their properties.
The infrastructural development in Electronic City is going on at a rapid pace.
If you buy a villa in Electronic City, its price is more likely to increase in future. Several projects are lined up for this region.
By April 2024, the Namma Metro Yellow Line will connect Electronic City and extend the Green Line on Tumkur Road.
Surrounding Atmosphere
Another thing you must care about when buying a villa in Electronic City is the surrounding atmosphere. It is something you cannot ignore if you follow a healthy lifestyle.
Before you finalise a villa in Electronic City, check out how much green space you have. Learn if there is a park in the neighbourhood.
Learn About All the Legal Formalities
Numerous ready-to-move villas in Electronic City, Bangalore are waiting for you. However, before you seal the deal, get informed about legalities and documentation.
If you are not sure about them, seek the help of legal experts or a local real estate company.
Some primary documents you must check when buying a villa in Electronic City include:
The Sale Deed
The document holds the information about the sale and transfer of the property. In short, it is proof of ownership.
The Mother Deed
This document contains the list of prior property owners.
Land Use Certificate
Read this document carefully before you buy a villa in Electronic City. It mentions whether the land should be used for agriculture or making residential and commercial properties.
The Sale and Purchase Agreement
The document mentions terms and conditions agreed upon by a buyer and seller.
The Building Approval Plan
No matter whether you are looking for 2 BHK or 3 BHK villas for sale in Electronic City, your builder must have an approved building plan. Before construction, they must get layout approval from local authorities.
Encumbrance Certificate
The certificate serves as proof of free ownership. It informs about outstanding loans and legal procedures, if any.
The Possession Letter
Your builder will be responsible for making the possession letter. The document mentions the date you take possession of the villa.
The Completion Certificate
The competition certificate ensures that the villa was inspected upon completion and that it adheres to the rules and regulations of local development authorities.
The Khata Certificate
The certificate proves that the property is legal as per the local municipality for taxation purposes.
No Objection Certificate (NOC)
The local civic body provides this certification to builders. It ensures the property does not violate any terms and conditions.
Sustainability Factor
If you have concern for the environment. You can assess the sustainability factors, such as rainwater harvesting and waste management systems. You can also go for villas with energy-efficient designs.
Conclusion
So these are a few things you must know before buying a villa in Electronic City, Bangalore. A comprehensive understanding of the property’s location, builder’s reputation and other legal aspects helps you make an informed decision.
It is advisable to engage with a real estate expert who can provide you with a villa that meets the requirements of your lifestyle. Explore our exclusive villa listings in Electronic City now!
Frequently Asked Questions
Electronic City is a posh area with excellent infrastructure. It is one of the finest places in Bangalore for villa investment. Proximity to tech parks, educational institutes and hospitals make it a popular choice for investment.
What amenities and facilities should one expect when buying a villa in Electronic City?Villas in Electronic City offer facilities like recreational spaces, 24/7 security, landscaped gardens, and more. Some luxurious villas in Electronic City may have a separate swimming pool, gym, sports facilities, and lush landscaping. Generally, amenities depend on the price of the villa.
Are there any upcoming developments or infrastructure projects that could impact villa investments in Electronic City?The future of Electronic City is promising. In the upcoming years, you can notice numerous infrastructural projects in the area. In addition to Namma Metro connectivity, you can see road expansions. Electronic City will also get connected to the upcoming Bangalore-Chennai Expressways.
These developments will surely increase the price of villas in Electronic City. If you invest right now, you can expect good returns.
