Who doesn’t like living in their own dream home? When it comes to buying a home, it is a once in a lifetime investment, and we look for the best possible options. Consider a situation where you have just moved to a modern city like Bangalore or Hyderabad, for work reasons. In such a scenario, you can consider purchasing a small apartment comprising one bedroom, one hall, and a kitchen. These apartments offer several advantages when it comes to affordability.
We bring you some key overarching benefits to help you choose your affordable home.
Works Cheaper compared to bigger apartments:
Do keep in mind that the higher the property price, the higher will be your down payment and EMIs. Always 1 BHK flat works cheaper than a larger 2 BHK or a 3 BHK apartment. The primary reason behind this is that the square foot area of the flat will be less than that of 2 or 3 BHK apartments. Nevertheless, if you purchase a small apartment in a residential complex, then you can enjoy all the facilities available within the complex, even with lesser investment. You can always perceive a 1 BHK apartment as a lucrative investment that can produce good returns. Additionally, you will not have to pay rent every month if you have your place to stay. Thus, on the whole, 1 BHK residential apartment in Bangalore is considered to be a good investment.
Enjoy all Facilities, with minimum investment:
People prefer to stay in residential complexes because of the security and other amenities offered by these complexes. They have security checkpoints and facilities not only at the main entrance but also at the door of the individual buildings. Additionally, most apartment complexes have other facilities like community halls, jogging tracks, children’s play area, fully-equipped gymnasium, and other similar facilities. You can enjoy all these amenities like any other resident living in that apartment complex. Thus, with the smallest investment, you can enjoy the highest number of facilities.
PMAY – Key Benefits of the Pradhan Mantri Awas Yojana
Government has deployed a robust policy to tackle the issue of making housing more affordable for all sections of society, the government started Pradhan Mantri Awas Yojana (PMAY), a scheme that helps you become a homeowner on easy terms. Aspire Aurum by Sumadhura is a collection of real value homes in the heart of the IT boom belt in Bengaluru, which is eligible for the Pradhan Mantri Awas Yojana (PMAY) scheme. Factor in the 1% GST and the best interest rates in the market.
Eligibility criteria for NRIs
The NRI can buy a home for their parents in India under affordable housing scheme. The parents will be treated as “beneficiary Couple” with unmarried son(s)/unmarried daughter(s). They can also have a provision of the Subsidy grant under different segments.
Sumadhura Group offers spacious and modern living with a wide range of amenities, which are crafted to perfection keeping in mind the NRIs across the globe.