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Houses
Since land is expensive in Bangalore, very few homes come with a large
garden. They are at a premium. Typically, a house would have a Drawing/dining
room and three to four bedrooms. They usually have a servants room and
toilet. Check if the building has a back up generator. Houses are difficult
to find in the central areas, but are available in Palace Orchards,
Raj Mahal Vilas, Indira Nagar, and Koramangala. You would need staff,
like a cleaning lady to do the "top" work, like dusting, sweeping
and swabbing, and a gardener to maintain the garden, and a Security
guard.
Apartments
Since 1999, there are a number of new apartment complexes which have
come up in Bangalore. These would typically be two to three bedrooms,
with small balconies. Generally there is no servants room but they may
have a servants toilet.
Penthouses
These are more top floor apartments with a terrace garden, rather than
living areas opening out into a garden area. Bear in mind that
it can get very hot in Summer, and air conditioning is a must. they
are generally more expensive than apartments on the lower levels.
Maintenance
All apartment complexes
would charge a monthly maintenance fee. If would generally be in the
range of Re 1.50 - 2.50 per Sq, Feet. The services included would be
security, maintenance,cleanliness of the General areas, and generator.
For
Budgetery Purposes.
The following factors
have to be taken into consideration:
- Rent :
Payable in advance for that month
- Security Deposit
: This would be a 10 month rental value to be given to the landlord
at the time of signing one lease agreement
- Escalation
: This
would be any where between 5-10% at the end of 11 months.
Termination
This would be allowed
only after 11 months called the lock in period when neither the landlord
or tenant can terminate the lease.
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