FAQ
Frequently Asked Questions
1. What are the main documents required when buying a property in Bangalore?
You will need essential documents such as the Sale Deed, Title Deed, Encumbrance Certificate (EC), Khata Certificate, Tax Paid Receipts, and approved building plans. It’s advisable to get all documents verified by a legal expert before purchase.
3. Which areas in Bangalore are best for property investment?
Popular investment zones include North Bangalore (Hebbal, Yelahanka, Devanahalli), East Bangalore (Whitefield, KR Puram), and South Bangalore (JP Nagar, Electronic City). North Bangalore is currently seeing rapid growth due to airport proximity and infrastructure development.
5. What are the extra costs involved apart from the property price?
Buyers should budget for stamp duty, registration fees, GST (if applicable), legal fees, and maintenance or association charges.
2. Is it safe for non-residents or NRIs to buy property in Bangalore?
Yes, NRIs can legally buy both residential and commercial properties in Bangalore (except agricultural land). All transactions can be done through Indian bank accounts and are governed by the FEMA (Foreign Exchange Management Act).
4. How do I verify if the property has legal clearance?
Always check for RERA registration, verify land titles, and ensure all municipal and environmental approvals are in place. You can also verify property details on the Kaveri Online Services portal.
6. What is RERA, and why is it important?
RERA (Real Estate Regulatory Authority) ensures transparency and accountability in real estate transactions. Buying a RERA-approved property safeguards your rights and ensures timely project delivery.