Top 5 Advantages of Buying an Apartment Than Renting
Bangalore is one of the fastest-expanding cities in India, known for its booming IT industry, vibrant culture, and pleasant climate. Whether moving to Bangalore for work, education, or a change of scenery, one of the most critical decisions you must make is buying or renting an apartment. There are two main options for finding a place to live: buying an apartment or renting one. While both of them have their pros and cons, there are several advantages to buying an apartment that make it a better choice for many people. As Bangalore continues to grow, the demand for housing is likely to increase, which means that property prices may rise. Buying an apartment in Bangalore has several advantages. Firstly, it's an investment in real estate that can appreciate over time. Additionally, buying an apartment allows you to build assets over time, which can be valuable in the long run. Moreover, owning an apartment in Bangalore provides stability and security, as you can control your living situation and customize the property to your liking. Here, we will explore the top five advantages of buying an apartment than renting.
Investment in Real Estate:
One of the most significant advantages of buying an apartment is that it's an investment in real estate. Unlike renting, buying an apartment allows you to build equity over time. Equity is the difference between the price of your property and the money you owe on your mortgage. As you pay off your mortgage, your equity in the property increases. Over time, your property may appreciate, which means you can sell it for a profit in the future. This makes buying an apartment a wise investment choice, especially if you plan to live in the property for a long time.
Stability and Security:
Buying an apartment also provides stability and security. When you rent an apartment, you are at the mercy of your landlord. They can increase your rent, decide not to renew your lease, or even sell the property, leaving you without a place to live. When you own your apartment, you have control over your living situation. You can stay in the property for as long as you like, make changes and improvements, and have peace of mind that you have a secure and stable living situation.
Freedom to Customize:
When you buy an apartment, you can customize it to your liking. You can renovate, decorate, and make changes to the property without taking permission from a landlord. This allows you to make your apartment your own and create a space that reflects your personality and lifestyle. When you rent, you are limited by what the landlord allows, which may not align with your preferences.
Tax Benefits:
Another advantage of buying an apartment is the tax benefits. When you own a property, you can minus the interest you spend on your mortgage from your taxes. This can result in significant savings on your tax bill, which can help offset the cost of owning a property. Additionally, if you decide to rent out your property in the future, you can deduct expenses related to managing and maintaining the property from your taxes.
Potential Income Generation:
Finally, buying an apartment can also provide potential income generation. If you decide to rent out your apartment, you can generate rental income to help offset the cost of owning the property. This can be a fantastic method to earn passive income and build wealth over time. Additionally, if you decide to sell the property in the future, you can sell it for a profit, which can also contribute to your financial well-being.
In conclusion, buying an apartment has several advantages over renting. It's an investment in real estate that allows you to build equity and earn a profit in the future. It provides stability and security as you control your living situation. You can customize your apartment to your liking and enjoy tax benefits. Buying an apartment can generate potential income through rental income or selling the property for a profit. While buying an apartment may require a larger upfront investment than renting, the long-term benefits can make it a wise financial decision for many.
Prestige Park Grove
Prestige Group created Prestige Park Grove a high-end residential project in Banashankari's prestigious South Bangalore neighborhood. The project offers a luxurious living experience to its residents with a perfect blend of nature and modern amenities. Spread across 4.03 acres of land, Prestige Park Grove comprises 19 floors and 586 apartments. Prestige Park Grove Master Plan Apartment sizes in the project start at 1350 square feet and go up to 2526 square feet for the largest unit type. The thoughtful layout of each unit maximizes exposure to daylight, ventilation, and privacy. The project features first-rate conveniences like a clubhouse, pool, gym, play area for kids, event space, and a multi-purpose court. Lush vegetation and carefully maintained gardens make the project even more attractive. The development provides residents with an excellent living standard and modern amenities. An excellent road and highway system links the project to the rest of the city's major districts. The project's proximity to highly regarded educational institutions, medical facilities, and retail establishments makes it a fantastic spot for families. The project's proximity to the NICE Road makes access to the Bangalore International Airport simple.
Prestige Primrose Hills
Prestige Primrose Hills is a gated residential enclave located off Kanakapura Road. Excellent apartments set in neatly placed 15 towers with 1 and 2 bedroom sets, these 1680 dwellings have variants in layouts, dimensions, and prices. Planned for bachelor living and small families, each dwelling is thoughtfully designed to offer maximum space, ventilation, and natural light, coupled with stunning architecture, specs, and interiors. Each tower is smartly spaced so that the residents from each home can get an unhindered view of the magnificent central court, a part of the sprawling 15-acre land parcel of this property. The abodes and the curated amenities and facilities are expected to offer a lavish lifestyle that will go beyond the expectations of the buyers - every aspect here will give that signature Prestige experience. The project is currently under construction; the starting price of this property is INR 38 lakhs, and the possession date is 31 December 2024.
The Prestige City
The Prestige City is an ambitious residential township in the very popular Sarjapur Road, East Bangalore. Laid in a humongous 180 acres and 12 million sq. ft. of development area, the smart city has assorted housing - 7000 apartments, 140 villas, and 808 plots. The apartments have 1, 2, and 3 bedroom sets of exquisite units, and the villas have 3 and 4 luxe bedroom sets; both have options in sizes, layouts, and prices with elegant architecture, specs, and interiors. It has been developed and sold out in phases. Every sub-project within the township has its own set of unique amenities, features, and facilities. The Prestige City had a home planned to suit the needs and fancies of most home buyers and is priced to suit every pocket.
Prestige Jindal City
Prestige Jindal City is another set of ready residences in Tumkur Main Road, Northwest Bangalore. Sprawling across a spread of 32 acres, there are 1, 2, 3, and 4 bedroom sets of marvellous 3,571 apartments in diverse layouts, configurations, and prices. Meticulously crafted architecture, specs, and interiors with spacious and well-utilised accommodations feature each residence here. World-class recreation, entertainment, fitness and amenities, and numerous facilities for all age groups are available, attracting many home-buyers. The starting price of Prestige Jindal City homes is INR 81 lakhs.
Prestige Roshanara
Prestige Roshanara is a plush residential complex developed by the Prestige Group. The pre-launch property is being developed on a vast acre of land which offers an unmatched living experience. Prestige Roshanara is a high-rise nestled in the lap of nature and breathtaking views that will please your senses. The property offers exquisitely designed 1, 2, and 3 bedroom dwellings that feature modern designs and bespoke interiors. Prestige Roshanara also offers world-class amenities like a swimming pool, gymnasium, clubhouse, yoga pavilion, dance and music, tennis court, indoor games room, mini theatre, jogging track, kids activity zone, and many more, which will refresh you instantly anytime.
Prestige Waterford
Another project of the Prestige company is Prestige Waterford. The Prestige Waterford project's futuristic design aims to give someone who wants a posh lifestyle a contemporary home. East of Bangalore Whitefield, at Prestige Waterford, which comprises 7 stunning towers and 689 roomy, well-built 3 and 4 BHK apartments spread across a sizable 16 acres of land, is located. Three-bedroom apartments start at Rs. 1.42 crores. This Prestige Group apartment building offers several benefits: a fantastic location, a pleasant and comfortable lifestyle, first-rate amenities, a safe environment, and high potential. On ECC Road in the heart of Whitefield in East Bangalore, an opulent pre-launch building known as Prestige Waterford is expertly built.
Prestige Willow Tree
Prestige Group is one of the leading names among the country'scountry's builders. They have been dominating the sector of new-age construction technologies, fulfilling a wide variety of residential properties, from apartments to villas. The Prestige Willow Tree in Vidyaranyapura, North Bangalore, is a beautifully designed project in Bangalore. Being located close to the International Airport, Prestige Willow Tree will also be a beautiful project to invest in. The residential project also has excellent amenities.
Prestige Meridian Park
Extremely abundant home development is called Prestige Meridian Park. It offers first-rate amenities. The prestige group is the one who created it. The 180-acre Prestige Meridian Park is vast. There are 2680 of them. Apartment-style residences with two, three, and four bedrooms have been thoughtfully created. The interiors of each flat are exquisite. These residences are really elegant. The tower is visible amid the vegetation. The lovely scenery can improve your lifestyle.
Prestige Eden Park
Furthermore, Prestige Eden Park is a stunning undertaking. The prestige group will soon begin work on this residential building. It can be found on Sarjapur Road. One of the city's most developed neighborhoods is this one. 9.7 acres make up its size. The apartments are roomy. Prestige Eden Park has a total of 2217 units. They provide the finest neighborhood and landscaped gardens. You will undoubtedly have a rich life experience thanks to it.
Prestige Kew Gardens
A high-end housing development is the exclusive Kew Gardens. It offers large flats. It is in the Bangalore suburb of Yemlur. 15.74 acres make up its whole area. The initial outlay is 40.17 lac rupees. In 2019, the units were completed.
Prestige Silver Sun
A completed condo is called Prestige Silver Sun. The Outer Ring Road, Sarjapur, and Marathahalli are all close by. This is in Bangalore's East. It is a 3 BHK apartment with a 2 BHK. It is a region with development. The area of the prestige silver sun is 1221–1949 square feet. The starting price for this apartment is Rs. 1.15 crore and beyond. Many amenities are available here, including a clubhouse, a gathering space, and swimming.
Prestige Sunny Side
Bangalore is situated on the Marathahalli-Sarjapur Outer Ring Road. The flat is ready for Sunny Side Prestige to move in. It occupies an area of 3.8 acres. 1370 to 2439 square feet are available in various sizes. At this location, the cost is Rs. 67.82 lacks. An apartment measuring 2439 square feet costs Rs. 1.21 crore. The amenities and infrastructure of Sunny Side Prestige are excellent.
Prestige Lakeside Habitat
Prestige Lakeside Habitat is another posh residential enclave on Whitefield-Sarjapur Road. Sprawling across a massive 102 acres, the project showcases a total of 3,697 unique and breathtaking dwellings, out of which there are 3,426 impressive apartments in 1, 2, 3, and 4 bedroom sets and 271 imposing villas with 3 and 4 bedroom sets in an array of configurations, layouts, and prices. This grandeur overlooks the pristine Varthur Lake, the periphery encapsulates 80 acres of open landscape, and each exquisite villa has private gardens. Each of the abodes is thoughtfully planned and designed, which offers the dwellers a fine living experience. The residents enjoy the perfect bliss: world-class architecture, specs, interiors, select recreational amenities, and other facilities. The starting price of the outstanding property is INR 95 lakhs, and the property is currently sold out.
Prestige White Meadows
One of the most well-known home builders is Prestige Group. The Prestige Group's best project is Prestige White Meadows. Prestige White Meadows in Whitefield comprises four structures and more than 60 villas and bungalows on one of the prettiest hills in the city. Due to its various amenities designed to international standards, Prestige White Meadows is one of the finest residences in Bangalore.
Prestige Aspen Greens
The stunning villa neighborhood known as Prestige Aspen Greens is situated in the city's biggest township, The Prestige City municipality. This collection of villas is part of the 180-acre Prestige City development and sits on a 20.3-acre block of land with numerous four-bedroom homes. Available space ranges from 3344 to 3612 square feet. There are around 149 apartments at Prestige Aspen Greens.
Prestige Serenity Shores
The prestigious real estate developer The Prestige Group's newest affluent, opulent residential expansion project is called Prestige Serenity Shores. This prestigious project is situated in Whitefield's up-and-coming, hip, and quickly growing neighborhood. This region used to be just a peaceful, frequently disregarded footloose town on the outskirts of the metropolis. The premium apartments in the residential complex range from 905 square feet to 2882 square feet and include 1, 2, 3, and 4 bedrooms. The homes are Vaastu-compliant, flawlessly ventilated, amply illuminated, and equipped with the best amenities and services. It is situated on 102 acres.
Prestige Lavender Fields
Prestige Lavender Fields is top-notch and luxurious among Top 5 Advantages of Buying an Apartment Than Renting. In Whitefield, Bangalore, the Prestige Group has developed a futuristic residential Township called Prestige Lavender Fields. The development offers luxurious 1, 2, and 3 BHK apartments. The location spans numerous acres and is home to tall towers with opulent urban residences. The idea integrates luxurious outdoor space with contemporary conveniences. This concept is a passionate address for a wealthy life filled with elegant homes and luxurious pleasures. The apartments here are the epitome of exquisite craft. The apartments are carefully designed to maximize the usable space and create a spacious, breezy feel. Each house offers plenty of room and complete seclusion. The homes have adequate natural lighting and airflow. The apartments follow the fundamental Vaastu laws and logistics.
