Krishna Mystiq Multistorey Apartments Area Range 1110-1375 Sq.ft Located off Hosur Road, Bangalore offered with 2BHK Apartments and 3BHK Apartments.
Description:
Great homes, strategic location, refreshing amenities at an unmatched price.
Krishna Mystiq, located off Hosur Road, before Electronic city, (Hosa Road Junction) is right next to your workplace. Just 10 minutes drive from Central Silk Board, these stylish homes will be a new address of pride.
Krishna Mystiq - an exclusive apartment community spread on 6.3 acres with excellent connectivity to all parts of the city. Comprising 14 towers of B+G+4 floors with each offering 2 and 3BHK apartments, Krishna Mystiq is also embellished with refreshing amenities, which revitalizes you. Clubhouse with fully equipped gym, games room, swimming pool, toddler's pool, landscaped garden and lots more.
Amenities:
Swimming pool
Toddlers pool
Fully equipped gym
Cards room
Sauna
Departmental store
Party Hall
Aerobic Hall
Creche
Pantry
Multipurpose hall
Squash Court
Indoor Badminton court
Table Tennis
Billiards
Library
Man does not live only for food, cloth or shelter or for
himself. He has certain social
responsibilities to provide for his family and also for himself in old
age. This naturally makes him to save
some portion of earnings and invest in lucrative portfolios. After the basic needs of food, cloth and shelter
are fulfilled he strives to improve his standard of living and to enjoy the
fruits of hard earned money.
Investment avenues are many.
But the investor should be prudent enough to select a proper area, which
is safe and secured with assured reasonable returns. Earlier the bank deposits,
stocks, mutual fund insurance policies and bullion were most opted. With
increased business, globalization of economy have unfolded many more
areas. The investment has become very
complex which has led to the emergent of specialized investment advisers.
Bank deposits, insurance policies, mutual funds have become
unattractive because of low returns and failure of many companies. Stock market
is unpredictable and volatile. Moreover, these investment avenues are for
short-term which need close monitoring.
Further the quantum of investment is generally small.
In recent past real estate has emerged as a safe and high
yielding investment opportunity. Investment in real estate is a long-term
investment and needs considerable amount.
It is not only financial but also sentimental, emotional investment.
The liberalization initiated by the Government, opened up
the hitherto dormant Indian economy and many multinational companies set up
their offices in major metros. The
improved pay pockets of vast middle class population offered as many investment
route. With a desire to own a roof over their head as early as possible, the
migration of rural people to urban centers in search of assured income jobs,
further expanded the real estate market.
However, as the demand exceeded supply, many fly by night
operators appeared on the stage and indulged speculative and artificial price
spiral, which resulted in crash of real estate market in later half of
1990. But now the market has regained
its potential. Only serious vendors and endusers are operating in the market.
The yield in the realty market has to be calculated on the
capital invested and annual rental returns less property tax, income tax and
annual maintenance charges. This return
varies according to the type of property, residential commercial officespace. In Bangalore the returns are
about 8% for residential, 12% for office space and 15% for commercial space.
They are certain determining factors, which play a crucial part in property
investment.
Where to invest? In other words the location. There is equal
demand for all types of space in metropolitan cities and market trends rates
are more transparent on account of competition and frequency of deals. But smaller towns have potential of increased
returns because of dearth of space.
Local politics also plays its role in determining the returns in small
towns.
Amount of investment: Investment in real estate needs higher
amount and the minimum entry level will be in multiples of lakhs about 15 lakhs
for residential and more for office and commercial space.
Time factor: The sale
of property requires long time for finding a suitable purchaser and complying
with legal requirements, further the appreciation of capital value of the land
is slow but certain and stable unlike in stocks and debentures.
Statutes Local Laws: The realty investment calls for more
discretion and involves complicated process like title verification, land use
according to local laws, floor area ratio restriction on sale for some period
and many more unexpected laws, rules depending upon the political environment.
Tax factor: Uncertain tax rules, rates which vary every year
need to be considered. Property tax is an annual commitment which is being
increased every year by self-assessment or capital based assessment. Rental income also attracts income tax to be
paid annually, sale of the property attracts capital gains and purchase invites
stamp duty and registration charges, property tax & stamp duty varies from
state to state.
Type of property: As stated earlier the type of the property
is also very important. It may be
residential, commercial or office space. The demand and supply position of each
sector needs to be carefully examined.
Residential property calls for smaller investment. Commercial and office space need higher
investment.
Type of returns:
Real estate sector offers two types of returns:
Recurring: This is monthly return in the form of rentals, or
the returns on the lease amount invested bank, securities or in business. The other type is return on sale of the
property. The amount to be invested also depends on the mode of returns
expected. Generally leasing of property
is attractive only for business people.
Lease amount does not attract interest.
Commercial property and office space yield high returns to the extent of
15%, where as the residential property yield about 8%.
Real Estate Properties are available in Bangalore City.......
