Pricing Strategy of Villas in Bangalore and Justification

pricing strategy

Of all industries that sell on the principle of “you get what you pay for,” real estate is a frontrunner. It is a common line of argument in this business, which is also the point of justification of pricing. Bangalore is the most expensive city in India. In line with that, the city’s real estate is steeply priced. Anybody with means any lesser seemingly cannot afford a living space in Bangalore, unless they take the rental route.

Shocking prices of the city’s villas/villas in north bangalore, in particular, have long been questioned. While contractors justify the number by building more high-end homes, average buyers find themselves looking for convincing reasons to pitch in princely amounts on them.

Studies have revealed that the price of villas, or any property, depends on a variety of factors. So, if your realtor pitches a price that gives you a little hiccup, here are the justifications.

Location

Location of the house is a crucial factor in pricing. The closer it is to the famous spots of the city, the pricier it gets. It’s not about the builder trying to take advantage of the convenience by pricing it too high. It’s about the cost of building a property in such a location is greater than building one in the suburbs. So, the expense gets added to the final price. The cost of land, labor, and materials is staggering in some parts of the city than the others, which makes these properties expensive overall. In the end, the strategy involves cashing in on all the aspects than making a property saleable. This is one key element that shoots the price higher.

Read also:  How Online Banking Can Serve You Well

Architecture

If there is anything that draws a buyer to an individual property, it is the architecture. High-end villas come for a very high price, and yet bidders flock around them more than on averagely priced properties. Though the financial strength sets apart one class of buyers from the other, luxury buildings still get greater attention than decently priced common properties. So, if you come across an up class property advertisement, know that it is not going to be an easy buy. The builders too have to undergo substantial expenses to bring such architectures to life. They hire architects from abroad who ideate mind-blowing designs and develop them into practicable plans. These engineers charge a hefty sum for their job which is way beyond anything imaginable for those unrelated to the project.

Amenities

Lastly, the contractors in Bangalore price their properties depending on the accoutrements they are outfitted with. A home with just a patch of green in its neighborhood might come for a lesser price than that with well-planned lawns, water pockets, and fountains, joggers’ trails, children’s park and such. Villas that have more open spaces like patios, terraces and yards are pricier than duplexes with only a small patch of land in the backyard that can hardly be called a garden. Fenestrations, structural quality, plumbing, designing, etc. contribute to the pricing of the villas.

It is recommended that you relax a bit in your investment decisions only when you are sure that it will fetch a good value for your money. The exterior, interior, location, neighborhood, people, amenities, everything, is a priority in property purchase. Judging from all angles, if the price looks reasonable, go for it.

Read also:  Reasons Why TradeGBP Broker Has Gained a Lot of Popularity across the Globe

Related Post

How Tradesprime Became One of the Best Forex Servi... Tradesprime.com is a platform that is dedicated to being one of the top resources to assist and to equip traders in doing the crucial work of participating in financial markets. Everyone knows that the professional life of a trader is not easy. Many professionals have the ability to work in other in...
Take a peek into the Adarsh developers’ reviews on... Real Estate is a sector, which has time and again delivered riches to the investors, both in short and long run.  However, it is always wise enough to do a detailed survey of the region, before investing. There are many geopolitical factors on which the profitability of the sector depends, and when ...
How to Expand your Business through Internet? Since the SEO and social media is filled with plenty of blogs and other content material that focus on the significance of internet for globalizing business, and expanding it worldwide, it might make people wonder –  is it really possible to get their business known worldwide? Yes, it is! The pos...
All You Need to Know About Know-Before-You-Owe The mortgage industry goes through a revamp in the way it operates, every time new rules and regulations are put into effect. As a result, the lending organizations always have to keep themselves updated with the latest happenings since clients consider them to be trusted sources of information. ...
How Do I Identify An Interior Designer Who Qualifi... If you have decided to go that extra mile to make your house habitable with the help of an interior designer then, it is the best value money can offer. Bangalore is one of the fastest growing cities in India. New residential projects show the beautiful interior designs that have been used by profes...

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.