What are the precautions for buying luxury residential projects?

Q: What is difference between a luxury residential project and middle income group home. If we buying a luxury projects, what are precautions we need to take?

Bhargav Dev, Bangalore

22nd December 2011

Investment Advice in Bangalore

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According to the recent survey of Jones Lang LaSalle India (JLL), hike in property price, construction cost and other issues in real estate sector will lead to delay in Luxury residential projects http://www.commonfloor.com/stories/luxury-residential-projects-may-delay-11426

Rakesh, Bangalore

22nd December 2011

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There is number of things which diifers an affordable project or middle income group home from luxury residential project. First thing is its price which would be starting from 1 crore for luxury residential and second thing is its amenities and extra space. In a luxury residential property buyer looks on lifestyle and its publicity is mainly through word-of-mouth.

Precautions you need to take are check builders credbility, the previous projects done by the builder and difference or time gap between deadline and project delivery etc.

Abhilasha, Bangalore

22nd December 2011

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