Godrej Lakeside Orchard is one of the most eagerly awaited luxury residential projects in Bangalore, famous for its strategic location and state-of-the-art amenities and promise a serene life amidst nature’s beauty. This project is meant for those seeking a perfect gaiety of modern comfort and natural beauty with lush surroundings and peaceful abode. However, such a high-value property always needs to be sold understanding prices and offers made, with financing options for prospective buyers.
Pricing Overview
The prices of Godrej Lakeside Orchard apartments will be different for each apartment, which is based on the size and configuration and also the view from the unit. Since the project falls under the luxury category, the prices would be premium but very competitively compared to other luxury residential projects that are currently on-going in Bangalore. The project comes with a different configuration from 2 BHK to 4 BHK flats to cater to the requirements of different kinds of buyers, including young professionals, families, as well as the aged for a quiet yet connected place to stay.
A 2 BHK would come at around INR 1.2 crore onwards, considering the floor plan, the view, and the amenities attached to the unit. Starting with the higher configurations of 3 and 4 BHK units, it ranges from INR 1.7 crore to INR 2.5 crore. The premium 4 BHK units often feature expansive balconies, complete views towards the lake, and premium fittings, and may go up to INR 3 crore or more.
The project distance from major IT parks, educational institutions, and healthcare facilities has reflected in the pricing not just as a luxury quotient but more importantly as a locational advantage. For many buyers, that will be justified by potential long-term appreciation, thus Godrej Lakeside Orchard being an attractive investment.
Special Offers and Discounts
Godrej Properties is also well-known for offering excellent pre-launch and early-bird discounts for its projects, and Godrej Lakeside Orchard is no exception. In early bird offers, it is possible to gain benefits like discounted prices, waiver of registration charges, free upgrade on fittings and finishes or just 5% to 10% off the standard rates.
At times, the festival offers may also provide very appealing cost savings. From Diwali to Holi and New Year, Godrej normally offers special deals wherein one does not have to pay the pre-EMI for a specific period or where the partner banks are providing lower interest rates for home loans. Also, free parking space, waived club membership fee, amongst other privileges may also be taken up in some of these festive deals.
Another strong selling proposition that Godrej occasionally offers is that of a staggered payment plan. Here, a construction-linked payment plan is available wherein one can pay money at each step when the project progresses. This way, one does not have to pay much as an initial amount for the entire mortgage. This is a great option for those who are looking to buy a flat while waiting for the completion of the project.
Funding Options
Moreover, buying a luxury apartment especially at Godrej Lakeside Orchard requires serious planning regarding financing. Happily, Godrej Lakeside Orchard has collaborated with the leading banks and financial institutions that offer attractive home loan options to aspiring buyers. All the above-mentioned major players-HDFC, ICICI Bank, SBI, Axis Bank-offer home loans with lower interest rates.
1. Interest Rates on Home Loans:
Interest rates on home loans are, most of the time, somewhere between 7% and 9%. This depends on the credit score of the buyer, his financial history, and the term for which he seeks to borrow. One is likely to receive a higher rate if one has a poor credit score. Before applying for a home loan, the buyer should ensure his credit history is in good standing. Besides offering special interest rates to women buyers, along with first-time homebuyers, some banks provide a substantial saving over the loan tenure.
2. Loan Tenure and EMI:
Most banks offer flexible loan tenures ranging from 10 to 30 years. The correct tenure needs to be chosen as it affects the EMI. A longer tenure means that the EMIs will be lower, while the interest overall paid throughout the loan tenure will be higher. Conversely, a shorter tenure will mean a higher EMI but lesser interest paid in the long run. Therefore, it is very important that buyers strike a balance between a minimum EMI and a manageable loan tenure.
3. Down Payment:
Even though quite a few Indian banks require some amount of down payment, that varies between 10% and 20% of the value of the property. For instance, with an apartment valued at INR 2 crores, this translates to some INR 20-40 lakhs as a down payment. Godrej Lakeside Orchard may even offer flexible down payment options in their special sales, enabling buyers to reduce their upfront costs to acquire their units.
4. Balance Transfer and Top-up Loans:
Apart from these options, banks also provide the facility of balance transfer to a new home buyer with an existing home loan in some banks. In such cases, they can transfer their existing loan from one bank to another which might even provide a lower interest rate, thereby saving them interest payments. The other benefit of some banks is top-up loans provided where buyers can borrow additional funds over and above the existing home loan particularly to furnish or carry out other additional improvements in the new apartment.
5. Pre-EMI Scheme: Most developers, including Godrej Properties offer the pre-EMI option. This saves a buyer who is looking to shift during the construction phase a significant amount of money from his bank account. Only the interest component of the home loan is payable until the date of possession and full EMI is paid to start from the date when the apartment is delivered to the buyer. This could be a pretty decent pick for the buyers who need to align their rent in the current house with the construction period of the new one they are buying.
Conclusion
Godrej Lakeside Orchard comes with an amalgamation of luxury living, nature, and modern facilities making it quite attractive to the buyers in Bangalore. The offers and flexible financing options make this truly an affordable premium residence for a large cross-section of homebuyers even if it reflects its premium status in pricing. Prospective buyers can make their dream of owning a home in this exclusive development a reality by availing themselves of early-bird discounts, festive offers, and competitive financing solutions. Godrej Lakeside Orchard makes for a pretty good investment project, not only for end-users, but also for those seeking long-term returns with proper financial planning and a suitable home loan.
