Chitrakut Amber Multistorey Apartments Area Range 1470 - 1900 Sq.ft, Located in Horamavu, Bangalore this projects having 2BHK Apartments and 3BHK Apartments.
Description:
Chitrakut Amber boasts a brilliant neo-classical elevation. The structural design is principally derived from the classical architectural style of Europe. It highlights simplicity of geometric forms and detailing with the dramatic use of columns, and a preference for blank walls which, translates into a space that is aesthetically beautiful while expressing a quiet, serene grandeur.
Property Highlights
Proximity
Located at Hormavu, Chitrakut Amber lies within easy access to all of life's necessities; be it the IT hubs at Whitefield, Marathalli, and Sarjapur, or major schools like Ebenezer International School, Deva Matha Central School and Maruthi Vidyalaya, or even the leisure hotspots at MG Road.At ChitrakutAmber you will always be a step closer to your destination.
Space
With 96, 2 & 3BHK apartments measuring about 1,860 – 1,900sq.ft each, Chitrakut Amber stands tall with its G+11 floors towers in this fast developing region of Bangalore. Each home at Chitrakut Amber is spacious and has maximum ventilation and ample natural lighting. It also has almost 80% of its land area dedicated to lung space for a healthy living.
Vaastu
Chitrakut Amber has been designed in accordance with the longstanding principles of Vaastu Shastra, to ensure that the living environment is in harmony with physical and metaphysical forces, and energy flows optimally through the spaces.
Security
State-of-the-art security features, include video door phones, 24-hour CCTV surveillance and security guard, electric perimeter fencing, and intelligent door locking systems.
Located at Hormavu, Chitrakut Amber lies within easy access to all of life's necessities; be it the IT hubs at Whitefield, Marathalli, and Sarjapur, or major schools like Ebenezer International School, Deva Matha Central School and Maruthi Vidyalaya, or even the leisure hotspots at MG Road.At ChitrakutAmber you will always be a step closer to your destination.
Space
With 96, 2 & 3BHK apartments measuring about 1,860 – 1,900sq.ft each, Chitrakut Amber stands tall with its G+11 floors towers in this fast developing region of Bangalore. Each home at Chitrakut Amber is spacious and has maximum ventilation and ample natural lighting. It also has almost 80% of its land area dedicated to lung space for a healthy living.
Vaastu
Chitrakut Amber has been designed in accordance with the longstanding principles of Vaastu Shastra, to ensure that the living environment is in harmony with physical and metaphysical forces, and energy flows optimally through the spaces.
Security
State-of-the-art security features, include video door phones, 24-hour CCTV surveillance and security guard, electric perimeter fencing, and intelligent door locking systems.
The impact of world recession is way reaching. it's brought slump within the stocks and shares market, lost employment opportunities to an oversized section of individuals, there's collapse of computer code business, insecurity of employment in one. T. industry, lesser buying power on account of reduction in wages, strict vigil and restrictions within the disposition activities by banks and monetary establishments, slump in realty market so on. owing to the world economic recession all the fly by night operators World Health Organization were instrumental within the artificial rise within the worth of properties in urban center have disappeared from the scene and solely the acknowledged property developers square measure left within the field.
Present trend in realty market
The buying power of an oversized variety of I.T. workers has return right down to its lowest level owing to under-employment or state within the one. T. sector, and there's no demand for properties from this class of individuals. Even the persons World Health Organization have created some investment in realty try to wriggle out of such property dealings.
This new development has place the property developers in a very fix. they're compelled to sell their properties at lesser worth than the rates at that that they had originally quoted. The property developers ought to pay principal and interest on the money borrowed additionally to alternative liabilities. to save lots of themselves from this example, the property developers have currently started providing discounts locomote between twenty to thirty per cent on their quoted costs and additionally freebies to attract the potential consumers.
Prior to world recession, the property developers were dictating the terms to the purchasers. The Investment purchasers were at the mercy of property developers and had to toe line with the terms and conditions of the developers. Not solely this, the developers were un-available for discussion sand negotiations for the purchasers and also the purchasers had to be glad by holding discussions with the promoting workers of developers. Now, the trend is that the alternative manner spherical. Developers do look forward to the purchasers, treat them with respect and entertain them with smart welcome so a minimum of they may market few of their residences to fulfill their ever increasing expenditure.
In order to save lots of the $64000 estate sector from collapsing, the banking company of Bharat has directed the business banks to grant housing loans at the reduced rate of interest that is around eight per cent every year.
Dull Market
Despite this, the individuals square measure still not persuaded and square measure awaiting for more reduction within the price of properties. Not solely the developers square measure finding it troublesome to promote their residences, even the individual property house owners World Health Organization want to eliminate their property square measure finding it troublesome to induce prospective consumers. solely the individual house owners World Health Organization square measure in dire want of cash and World Health Organization square measure left with no choice however sell their property square measure marketing their properties by providing discounts locomote between twenty to forty per cent of the value. Presently, provide is quite the demand as for as realty market thinks about.
Effect of economic process
Prior to the year 2000, the $64000 estate state of affairs in urban center was whole completely different and also the property dealings were terribly nominal. however owing to economic process and also the swift development of knowledge Technology in Bharat, several international corporations have created their offices in major metros and even have started gazing Bharat for his or her specialised service during this technological field. so employment opportunities within the country grew up significantly. to stay up the time schedule and prompt execution of labor, these Indian organizations have started encouraging the technocrats and alternative workers with best pay pockets.
The growth of urban center because the International data Technology Hub has attracted an oversized variety of individuals not solely the Indians residing among the country however additionally the foreign nationals. Thus, the buying power of an oversized variety of kids have gone up terribly steeply World Health Organization have started sorting out safe and secure investment routes.
Investment choices
Investment choices square measure several. however the capitalist ought to be prudent and choose a correct sector that is safe and secure with assured affordable come. Earlier, bank deposits, stocks, open-end investment company, insurance policies and bullion were the well-liked choices. But now, Bank deposits, insurance policies, mutual funds became unattractive owing to lesser come on investment and since of failure of the many corporations whereas the stock exchange is found to be unpredictable and volatile. Moreover, these investment avenues square measure for short- term which require shut observation requiring the services of specialised investment advisors although the investment may well be little. This leaves USA to contemplate the choice of investment in realty.
The desire of an oversized variety of LT. young personnel to possess a roof over the top at the first stages of life with high buying power and also the migration of rural individuals to urban center in search of assured financial gain jobs has increased the demand for properties in urban center significantly. side to the present, the motivation given by the Union Government by manner of exemption of the interest paid upto Rs.1,50,0001- on the housing loan from the tax internet additionally to alternative already accessible incentives and exemptions additionally intended these high salaried individuals to consider investment in realty.
The investment in realty is high yielding and a protracted term investment requiring an oversized add. The yield on the investment in holding market must be calculated on the capital endowed and annual rental returns less capital levy, taxation and annual maintenance charges etc. This come varies in line with the kind of property meant to be purchased like residential or business or workplace area. The demand and provide position of every sector must be rigorously exam- ined. Residential property imply smaller investment compared with the business and workplace area. there's AN equal demand for every type of properties in metropolitan cities. In urban center the returns square measure concerning 6 June 1944 for residential, September 11 for workplace area and twelve-tone system for business area. whereas investment in realty a number of the relevant factors which require to be thought-about square measure as under:
Price cycle
It has been determined that the $64000 estate has ups and downs at regular intervals wherever the costs persist increasing for a few amount and fall in for a few amount. however this cycle may be a semi permanent trend. The capitalist in realty must hold back and look forward to long-standing to own smart come on his investment. it'd be unwise to expect appreciation within the short run. 2 parts, the building and also the land move in opposite directions, the building price gets depreciated whereas the land price gets appreciated. The property price that had shot up for concerning 3 years within the past has currently showing the trend of decline.
On a additive analysis of varied factors regarding the $64000 estate and also the market conditions within the country, it may be aforesaid that it's right time for the top users to speculate in properties and own their dream house.
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