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Showing posts from 2013

Despite remaining unsold, apartment prices refuse to come down in Bangalore

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Over 50,000 residential units in city are yet to find buyers. However, oversupply in property market shows no signs of fall in prices. This is a classic case of supply exceeding demand. Of the 89,761 residential units launched in the city since 2010, about 50,184 units are yet to find buyers. However, if you thought this to be the right time to buy a property, think again. The oversupply in residential apartments shows no signs of leading to a fall in prices. According to Srinivasa Reddy, assistant vice-president, research, Jones Lang Lasalle (JLL), a global property consultant firm,  the number of vacant units in the city has been increasing  steadily since 2008. “The increasing number of nuclear families, migration to metros due to employment prospects, along with natural growth of population, drove the growth of residential real estate sector in Bangalore.  However, there has been a demand-supply mismatch, leading to piling inventory,” says Reddy.

Read this article Before you Buy an Apartment/Flat

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After spending some time in rented house  you’ll realize that you should stop throwing away money on rent month after month, and buy a house or an apartment. If you are going to buy your first apartment ever, then in this article will show you a checklist of things that you should verify before buying. We've made this list because in future I’ll want to buy an apartment for me, and I want to be aware of things that I need to know before buying, avoid unpleasant surprises and of course invest carefully in  future. Decide on the area you want to buy an apartment. This may involving spending some time in that area or at least doing some research at home. Before you buy , research the market to make sure you is getting value for money. Talk to independent valuers and real estate agents, and check recent sales in the area. Don’t rely on advice from the developer or their agent. This is particularly important if you are buying off the plans. You want to know that the value

Useful Tips to buy an apartment in Bangalore.

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This article is specific to Bangalore; but the micro level principles should apply across the world.  Many Flat buyers used to approach me with the brochures of the apartments furnished by the builders. I noticed many Builders do not think the user end requirements while planning, they would have thought only built-up area and cost factors .  These incidents provoked me to write this article for the people who intend to buy apartment/Flat. I have not included everything related to buying an apartment here like location, security, legal factors, etc. I will probably add here later. Size: Size (Sq.Ft. area of the Flat) shall be variable for 1BHK, 2BHK and  3 BHK Flats, Well Designed/Planned apartments (Flats) shall have all the advantages for a comfortable living, by accommodating the required furniture of your choice with sufficient movement space around is must. A Well planned Compact, but comfortable flat sizes (lower figures) to Spacious Flats (upper Figures) are given be

Safety Precautions for High-Rise Buildings During Emergency !

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Evacuation Systems for High-Rise Buildings Back Ground   The Urban population in India is increasing day by day so as the demand of new buildings. In the scenario, more usable spaces are expected in less ground coverage. Tall buildings or High Rise building are the result of these developments. The protection of occupants of high-rise buildings must be made a part of every service. Panic of occupants of high-rise buildings during the early stages of a fire is a danger that can contribute to high casualty losses. Smoke, gases, and super-heated air make it imperative that an emergency evacuation program be established for all high-rise buildings.