‘I Tee’ Capital

Interest in the game is seeing more golf-centric projects in Bangalore

golf-view

Golf is increasingly becoming popular as a sport, a family recreational activity, and a business leisure activity, world over. The US, Europe and South East Asia have seen a boom in Golf related businesses in the last 3 decades. Several South East Asian countries were quick to seize the opportunity and have built several world-class courses and resorts around them.

In the last 2 decades, Realty companies in India have been building golf courses to enhance the appeal of their high-end residential projects. Since standalone golf courses are expensive to build and maintain, so companies are selling real estate around the course to pay for it.

Bangalore is the favorite destination for such projects due to its ideal weather, cost factors and the large population of NRIs and HNIs. And the fact that the city enjoys fairly good rainfall which replenishes the water table regularly and sustains the courses.

Residential Golf Enclaves in and around Bangalore (within 2 hours drive)

  • Prestige Golfshire
  • Prestige Augusta Golf Village
  • Clover Greens
  • Royal Garden Villas And Residential Resorts
  • Golf Woods
  • Skytop Golf Village
  • Indus International Golf Resorts And Villages
  • Eagleton – The Golf Village
  • Champion Reef
  • Alliance El Dorado Park

Golf residences in the price range of 2 crores to 10 crores draw their customers from a pool whose net worth is generally not affected by recessions or market slowdown. To Realty companies, this represents an opportunity for differentiating themselves from the competition.

As a Realty Portal that is committed to providing a great experience to its readers, Clapdoor brings you interesting facts and information like this, to give you the correct picture of realty in India.

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Research real estate price trends before you buy

Real Estate in India is characterized by frequent boom and bust cycles, as a result, prices in Indian metros, Tier 2 and Tier 3 cities can fluctuate constantly. Prospective buyers constantly seek pricing information in their desired locality, and this can be a challenge for working professionals.

Off-late, Realty Portals like Clapdoor publish pricing statistics for listed localities. These provide realtrendsuseful insights on price that can aid decision making for prospective buyers.

Some of this information is presented neatly in a graphical manner for quick comprehension. Clapdoor for instance displays graphs and charts that enable an objective analysis of property prices, and monitor trending of rates over time, and across neighborhoods. The visualizations are built by leveraging a comprehensive set of internal as well as trustworthy external data sources.

One can choose a locality on their site and get information on the number of properties and active projects which come from their listings. The average price of these properties is also listed. When the user clicks on a link for these properties, one arrives at a summary page where summary information of all the properties is published, and this includes prices.

The benefit is that, one can compare the price of a property against the median price in the locality, and the difference in price can give an indication of the amenities in that project. If the difference is too large, one is bound to be curious and a detailed enquiry can allay any suspicion. Also, when a particular property is not listed, the user can investigate if there are any pending litigations or issues with that project.

This way, pricing statistics not only makes the financial planning easy, but also prevents sticky situations arising from incomplete information, and helps buyers through clean and hassle-free transactions.

Researching a Locality before you buy

 The real estate boom in Indian metros has resulted in a profusion of projects from all kinds of builders and realty houses. As one can expect, marketing is high-pitch, and buyers can be vulnerable. locality

As a buyer, perhaps the most important factor in your purchase is the location of the property. It certainly pays off to do the due diligence in researching  neighbourhoods and localities.

As surveys have revealed, buyers look for these parameters while evaluating any project:

  1. Location and Access parameters
  2. Public Infrastructure in the area
  3. Available amenities in the locality
  4. Important amenities in the project
  5. Proximity to Metro railway
  6. Maintenance costs
  7. Flexible plans and construction
  8. Appreciation in the area
  9. Brand of the builder
  10. Quality of construction

It’s interesting that amenities and infrastructure in the area are the top-most priorities for buyers. Understandably, builders and real estate agents emphasize these factors while selling a property. Some of this information may not be correct but not everyone takes the trouble of verifying this. This can lead to frustration later on, as the expectations have not been met, forcing the buyer to resell the property at lower prices.

This is precisely the kind of situations that Clapdoor likes to prevent, and that is why their website is replete with features that aid buyers in making the right decisions.

One such interesting feature is the Neighborhood Research for a particular locality. This feature is available across all major cities and localities in India. One can choose their desired locality, and this feature shows a map of the locality, with the following kinds of amenities depicted on the map as pointers.

  • Number or properties and projects active in the locality
  • Prices and trends relative to nearby localities
  • Shopping
  • Restaurants
  • Transport
  • Hospitals
  • Theatres
  • Gas Stations
  • ATMS/Banks
  • Schools & Colleges
  • Places of Worship

The number of such pointers on the map is a good indication of what the locality has to offer, helping buyers make informed decisions. Just another example of trust and transparency that Clapdoor is committed to.  

In near future, we will be adding several more features such as Locality Ratings, User Reviews, latest news and trends for neighborhoods across major cities. Stay tuned and send us any feedback on features that you would like to see on Clapdoor.