How Worthful is TGS Constructions to Invest?

Today most of us are dreaming to buy property in Bangalore, the reason behind this may be different from person to person for some it may be just for an investment but for some it is like a true dream which they have wondering to happen from the beginning of their career in the city. Real estate developers like TGSConstructions are one of those builders whose target market is mid low budget segment of the market. Since investors always wants to find properties at low price and majority of people in our country belongs to middle class so they have a huge market segment to play with innocent customers. These home buyers or we can say dreamers comes to mid budgeted property developers to buy a property whether flats or plots in Bangalore. They book properties by paying a very minimum booking amount and the rest payment they do according to their pay schedule. Till now the procedure seems good and as normal as a buying procedure of property in Bangalore.

Now let us check, what commitments TGS Constructions is doing while they sale their properties. Are they really doing what they are saying? Or those are just fictitious commitments to sale the property. We can find this out in the rest of this post and through some customers of TGS Constructions who are giving reviews on their property. But again a question arises are we reading or listening a true customer of TGS Constructions? If the customer is saying good about the company then maybe he represents for the company or if he/she is saying bad about the company then there is an equal possibility to blame a competitor as well.

How trustworthy is TGS Constructions?

Bangalore is a big city and there are more than thousands of real estate builders and land developers operating their business here in small or large scale. TGS Property which transforms its name to TGS Constructions adding residential land plots to sale in Bangalore to its product line has completed just couple of years in the City. The existence of the company is pretty old but it comes up as a brand to real estate when TGS was sponsored RCB Cricket Team of Bangalore. Where couple of the international players have endorsed it in IPL. That is not all few months later of this endorsement TGS has participated in a property show organized by BTV News channel. With exciting offers and low property price it started capturing most of the market and became a pain point for other property developers in the city.

Now the situation is like anyone can easily find complaints against TGS Constructions in any consumer portal or customer complaints sites. These complaints can be easily recognized because most of them are of similar writing style and pointing towards a same topic (Here you can find tips to detect fake online reviews). For a surprise there are sites where same content has been published with different customer’s names. 

For a new customer it is really hard to believe which one is right and which all are wrong reviews of TGS Constructions. But certainly you won’t afford to miss an opportunity just reading irrelevant reviews and comments from fraud builders or customers pretending as true customers of TGS Constructions.

Please feel free to share your thoughts on this topic, I may be wrong, evaluating the truthiness of TGS Constructions but I am sure you will not misjudge someone by just reading their on line reviews.

5 things to know before going for a free site visit with TGS Layouts

TGS Layout is one of the largest residential land developers of Bangalore in providing plots at an affordable price. Yet there are numerous property developers in the city but one should be mindful while buying residential land from any developer and TGS Layouts may not be an exceptional case. Here in this post, we will discuss the things which one should keep in mind while preparing to visit the residential land developed by TGS Layouts in the city.

TGS has started as a land developer and now it has its own construction team and it also builds residential apartments in the city naming as TGS Construction. Those apartments can be easily recognized because of the common pattern of names which are named after the renowned cities of the world. It has land property present in 15 major sites of the city and more than 40 apartments in different locations. From this data, a real estate folk also can understand how big TGS in real estate market of Bangalore is.

This 3 years old residential developer has hundreds of employees with all different departments and most of their employees are satisfied. This can be seen from different employee portal sites of company reviews. But that hardly matters when you are visiting a real estate firm to buy property. Although TGS is well known for affordable plots and apartments in Bangalore but don’t lure for it till your verify every inch of detail. Here you can find tips to verify builders in Bangalore.

Things to Remember while Going for a Site Visit with TGS Layouts

Here are points to keep in mind while you visit TGS Layouts office or you are using their free pick and drop facility to visit some of their layouts in the city.

1. One of the things you need to note it down is, when you are going for the site visit, you should be familiar with all the land related terms like what is Khata type, total measurement of the land, the number of plots and other necessary approvals.
2. Remember one thing that you have all the rights to ask them, what are the required property papers they do and don’t have with them?
3. Try to ask questions as many as possible about the land history and future prospects which includes any upcoming government or private projects in the nearby areas.
4. Question about the layout designs and civic amenities, for example, you can ask on the connective roads or a swimming pool if the layout has one.
5. Ask about the ownership details of the land, is the land have joint owners or solo ownerships. Check the sales deed of the property to know this better than hearing it from anyone.

Sometimes asking some personal questions will help you get more in-depth knowledge about the company questions like how long you have been representing this company and likewise.  Try to ask some deceptive questions in between the conversation, for example, what are the drawbacks of this property? Although these questions have nothing to do with your property buying decision but these are simply a great way to collect information about the property. I hope I have covered a good part of your property buying journey with TGS Layouts if anyone is having other points to add here, please suggest me in the comment section.

The unfairness of developers to buyers with the rise of complaints

The increasing trend of litigation

The relationship between the buyer and the builder was always governed by the agreement between them. In that, the past experience of the experts says that the builder always had an upper hand. The builder was said to have an upper hand in all the spheres right from the bookings of the properties, handing over possessions, and in all other chores. The experts say that the builders have a clause in the agreement that states the owners of the apartments have inspected every detail and the apartment or the house is delivered as per the agreed specifications. This clause naturally leaves the buyers very little scope for challenging or complaining against developer on any discrepancies in the court of law.

The unfairness of Developers towards Buyers

Statistics says that the court cases and the disputes relating to real estate and that too relating possession related issues have risen in the consumer courts. The trend watchers say that it’s not only a fact that it is happening due to increasing consumer awareness but simultaneously the cases of cheating by developers, defaults and delays are on the rise as well. The statistics say than since January 2016 about 2,041 cases have been launched for the disputes arising from housing related issues with NCDRC. This is of course close to the number of the complaints that was lodged in 2015. The statistics further point out that there were 2, 495 house related cases in last year and in 2014 about 1, 063 cases were lodged. This is also a fact that in 2013 a meagre 104 cases were lodged as per the government data. The government data points out that insurance grievance topped the list of complaints till last year and from recent times housing related issues have increased exponentially putting insurance related cases at the back seat.

The problem areas:

Recent survey data from Liases Foras pointed out that the issues and disputes between the buyer and the developer can get even worse if one looks at the increasing number of unsold units. The data says that unsold stock increased by 22 percent in the eight major cities of India in comparison to last year. According to the research data the increase in the unsold stock outnumbered that of sales. The inventory across the major cities of the nation stands at an alarming 42 months of average stock. This made the stock rise by 13 percent in one single year. The yardstick is that an efficient market maintains an inventory level of eight to twelve months.

The trend watchers opine that the developers have been struggling with the rising inventory since the recession struck in 2008. In this, the delay in completion of the projects is one of the most common grievances that the buyers have. When enquired, the developers normally put the blame on issues like delay in the approvals from the state and the central governments, agencies and the ministries. The other cases as per the data are the poor quality of constructions, deviation from plans, etc. The trend watchers say that in the past there were instances where the developers and the builders intentionally took to slower pace of construction if the larger parts of the projects were not sold or the sales were slow. They may have taken the capital generated from one project to another project in the pre-launch state or otherwise.

The outlook with RERA in force

The experts are of the opinion that once the real estate regulation Act came into being things will change diametrically. Once the RERA is implemented the developers who will be able to play the rules will be able to survive. The Act provides such clauses that once the law is in force the developers will have to register their projects even if it is under construction and they must disclose accurate information about the projects. To prevent the developers siphon funds the law also mandates that 70 percent of the buyer’s money has to be deposited in the escrow account to secure the common buyers. The experts and the veterans of the realty sector opine that the law maintains a level wherein a balance is maintained between the motives and intentions of the developer and the buyer. 

Mistakes people often make in real estate investment

You must know Donald Trump as he can be the president of the United States. But first of all he is a real estate tycoon. In one of his quotes he said “The most important thing of life is to love what you are doing.” That’s how he got the success that he represents today in real estate. But most of us do not follow this simple rule of life and end up being in clutches of other propensities and especially the negative ones like greed and invest in real estate. The only goal is to make money. In these kinds of half -hearted endeavours the experts say the end result is always failure. Yes! That’s true. Failure in real estate can cost you lot of wealth. That is precisely the reason why we are collating the factors of failure in real estate investment. Lest you want to fail, you better read this article if you want success in your real estate investments.

Common mistakes people often do while investing in Real estate

Rule 1: Done get fantasied and be megalomaniac

TV commercials of the expert realtors and books about real estate success and the millionaire real estate promoter next door can perpetrate one to wish of becoming a real estate tycoon. But that is not at all practical. One should start small with the reality in mind and not being governed by greed and megalomania. But investing in real estate like residential land plots is such an investment that has practically made many, rich from the rags. This makes others to think that it is possible but they have to have the mettle in them. So in case of real estate investment and especially at the beginning one should think small and cut the coat according to one’s cloth.

Rule 2: Be knowledgeable and do what you love

Do not be allured by the money but passion is very much required in real estate like all other fields. Your mission defines where you want to reach and why. These ingredients of success are very much needed in real estate investment also like all other fields if you aspire to be successful. The experts say that many gets allured by the glamour of real estate and get in to the field and most of these people end up in failing.

Knowledge is another factor that you need as well like all other fields. Known circles and acquaintance with of people is also required here to be successful. So, at first one should equate whether one has all the requisites to be successful in real estate or not. Having an ultimate cheat sheet before buying real estate may help you in such cases.

Rule 3: Be practical and lot of groundwork is needed

The experts may tell you that one of the thumb rules is that the property you buy need to give you a monthly return of at least 1 percent per month. You may get that but then you may find that you have paid more for the property than what you should have paid. These kinds of errors are inevitable if you go by the theory and do not come to the basic human motives and judge the ground reality. On top of that you should have lot of contacts to get the right information in time and you should know the market value of properties thoroughly. In practice it is always healthy if you have to pay lesser than the market rates. This always keeps you a step ahead in investment. If you are going for resale or old properties there would always be expenditure for repairs and other miscellaneous reasons. This says the experts have to be thought of while investing in the first place.

Rule 4: Do not overpay

There is no emotion or love when you invest on a property. The sole aim has to be to make profits and increase the return on investment. In this context it is never healthy to overpay for a property at all. Here are 5 emotional mistakes in buying real estate that a buyer should avoid while dealing with property.

Rule 5: Don’t look for information at wrong places

While it is true that you may get a good deal from the newspaper advertisements or the internet but the experts say that the real lucrative deals go by the word of mouth. That’s because many a times the sellers are in the paucity of time and trust is also a factor due to which they prefer the old methods especially in India. If you have lot of contacts and ways to get information then you would get the right information at the right time. The network is important in real estate.

Note: Here is a guide to detect fake online reviews to prevent you fall into any traps.

Rule 6: Never let greed control your actions

You may be seeing so many instances where people have become abnormally rich through real estate investment. This may make you allured towards realty investment and you may also be governed by greed and may also want to invest. This may lead to wrong decisions. That is why the experts suggest that you need to evaluate yourself, love the avocation and then invest. 

How to do a background check of a builder?

In today’s world as you all know real estate sector is one of the most complicated sectors of all. There are litigations and fraudulent behaviors of the Land developers, let alone the delay of the projects. In such a scenario, background check is imperative of the builder or the developer. The experts list the ways to do a due diligence of a project or the builder.

Ground Report

It is always advisable to get a ground report or a field report. Before you do that a quick glance in the internet review sites by typing in the name of the builder customer reviews and the project would help you a lot. The reason is that you will already know the project or the builder’s lacunas and the loop holes. This will help you in doing the field research. Then you need to go and visit the site and talk to past customers of the builders by location. You can also talk to the contractor regarding the payment of the company or the developer. This will give you an idea of the cash flow of the company and how soon can you expect the project to be completed.

Check if the builder is a member of the builder’s associations

A builder will always be marked ahead if he is a member of the CREDAI (Confederation of Real Estate Developers Association of India) or other bodies like the Builders’ Association of India (BAI). The reason is that these are self regulatory bodies in the realty sector who has strict guideline, if not followed the builders and developers have a chance to be blacklisted.

check CREDAI Membership for builders in Bangalore

Track Record

Track record is another important thing that has to be checked for the builder is most likely to behave in the future as they have behaved in the past. A discussion with the past customers will reveal the case. Insist on the transparency part of the builder that he has been maintaining with the customers. If there wasn’t much of transparency, that can be enough reason to cancel the builder.

Financial Stability

Checking the financial stability of the builder or the developer is a must. The builder will be able to deliver its projects in time if the management of cash had been proper in the past. The balance sheet of the builder is a good source to know about the financials of the builder. Few developers post the last year’s balance sheet on their websites. Others’ balance sheets can be obtained from the office of the concerned Registrar’s office (ROC). The website of the Ministry of Corporate Affairs also has the details for you to check. If the developing company is financially over-leveraged that is loan capital is more it’s better not to approach the company. You should look for the loans and the liability side and if you see too much of loans and debts it’s always advisable to refrain from booking with the company.

Crisil ratings:

Crisil ratings started in real estate in the year 2010 and it rates the projects of all the builders. Crisil Real Estate Star Ratings is called as CREST in short form. This helps you to see the assessment of Crisil of the projects. They also have a developer’s rating list which is all over India basis which also rates the builders. Click to check Crisil star rating for Bangalore projects.

Quality Certificates

The International Organization for Standardization9001 – 2008 certification gives you some kind of protection and tells you that the projects have a quality assessment. Thus if any builder or developer has the ISO 9001:2008 certification that particular developer can be expected to me more methodical and professional in its approach and quality processes. Here you can check for ISO standard Certification.

70% Prospective Customers Influenced from Online Reviews

How Important Online Customer reviews are to your Business

The internet is the major media platform today which influences the customers to find new business and get more clients and customers. The face to face interaction of the customers is no longer taken as the point of collecting the first information and instead the internet is the source for it. The customers instead look for online reviews which are an available resource for gathering information. A survey pointed out that 70 percent of the prospective customers look for the business reviews or online reviews for making a purchase decision. Thus if you have any product or service to offer, getting the reviews of the customers online has become important. But as the owners of businesses there is always a doubt in the mind of the people as to how much does an existing customer review affect the purchase decision of the prospective customers.

How many satisfied customers your business has?

How important are the customer’s reviews?

This question may be coming to your mind as how relevant are the customers reviews for business? Do the customers really read the reviews? What do the facts say? Here let me site an example, take any small or big size branded company lets take “TGS Layouts” a regionally well known real estate land layout developing firm exists since 2013. Now go to your internet browser, type google.com and search for TGS Layout and google will suggest you TGSLayouts Reviews which means customers are looking for its reviews after or before buying any products.

From the studies it has been found that an average consumer references of the specific brands and products of different companies appear over about 90 times per week in different internet activities like chats with family, friends and colleagues. The online customers reading reviews trust 90 percent of the times the people they know, according to Eco-consultancy as per the year 2009. Based on these facts and figures it can be said that more consumers believe the opinions of their friends and family of the colleagues before purchasing any product or even after purchasing a product.

Facts about Online Customer Reviews 

This is a fact that the reviews of customers are more trusted almost about twelve times more than the write-ups and the explanations that come from the manufacturers of the products. This was revealed according to the survey of the company named US Mom Internet users by online video reviews and as published in the E-Marketeer in February issue of 2010. The survey said that 44 percent of the moms use social media for different product references while 73 percent trust the online community references. Sixty one percent of the people rely and trust on the reviews of the users of products or they do the research before they make a buying decision.

Note: Sometime reviews may be written by company side to generate more sales these reviews can be easily spotted if you analyze few things on their writing or by using some free tools. Here is a post on how todetect fake online reviews.

The companies and the business houses should analyze these facts and figures and then should know that online reviews of the customers and reading good reviews elevate the customers’ confidence level. This is more so as two thirds of the customers of any product trusts the reviews written by customers. Thus any business house should encourage their customers to read and write reviews and also the potential customers should be encouraged to read and write customer reviews.

Impact of social sites on your Business

The impact of Social Media

Research says that 53 percent of the people using twitter endorse the companies or the products through their tweets with a whopping 48 percent of them writing about their intentions of buying the respective products. A large percentage like 67 percent of the shoppers refers more online from the online community of their friends on the social media websites. The most effective strategies that are being considered are different blogs, Facebook, Twitter and the online customer reviews for mobilizing the customers to talk about their products online.

TGS Yashaswinini Layout Mapped in Sarjapura Road

Sarjapura Road Still Remains a Favorite Place for IT Professionals despite of its high price

Of late Sarjapura Road (Bangalore-562125) has become very popular and a favourite destination for the people wanting to stay or build a house in Bangalore. Have you ever wondered why? If you go along the road you will see vast open land plots, still. But mind you, they are not affordable. But along with that you will also see many offices, IT Parks, schools, colleges and other social infrastructure on both the sides of the road. There are shops, shopping malls, shopping complexes, big residential estates, multiplexes and many more in the area.

The trend watchers relate to the incident in the following manner. South and East Bangalore is already saturated. The market watchers feel that development on Sarjapura Road area started later but it is witnessing significant real estate action of late during the last five years or the decade.

The reason for such spree of development is because of the sprawling IT clusters in the area around Outer Ring Road, Madiwala, Marathahalli-Sarjapura Stretch and Whitefield. There have been significant commercial developments also along this stretch. So the prices of land went up very quickly and there was simultaneous development of buildings and commercial and residential complexes. These were so high in demand that even a flat or an apartment costs more than Rs. 50 lakhs to Rs. 60 lakhs in the area even four years back. In this people have lost hope of buying land in that area. They are busier in buying apartments.

The peak period was 2010 to 2012 when the prices of land and property in Sarjapura Road shot up to unimaginable price ranges. Before this period Wipro came up with a huge campus on the main road itself with an area of 202 acres. The idea was to set up an IT Special Economic Zone which has already become operational by now. Following this, Infosys also announced its projects along Sarjapura Road which again fueled the fire of real estate development. In 2011 itself the prices of the properties shot from Rs. 75 lakhs to Rs. 2 to 3 crores an acre. Now it has doubled or tripled may be, at places. The biggest of the developers have acquired land to develop large residential projects.

Do you want to buy land in such an area?

The common man may be wondering that there is no scope of buying land anymore on Sarjapura Road. Well that is not the case. The wise men say “Do not lose hope”. There is always a way if there is will. Well we are going to give you some good news regarding this to crack your jackpot. If you have intentions to buy land in Sarjapura Road there are developers who still offer you land plots in gated communities. One such land developer we can name is TGS Constructions. You may be wondering with questions like why this developer is selling land plots at cheaper price so go through with this list of claims made by developers at the time of selling their projects. The reason, as per the company sources is that they have been constituted for distributing land plots at cheaper and affordable rates to the middle class. The company started small and became so popular because of its pricing and the quality of services that it has land stretches in all parts of Bangalore today.

An overview on TGS Yashaswini Layout

TGS Constructions has TGS Yashaswini Layout on Sarjapura Road which is a 3 acre land duly developed with basic facilities like water and electricity connections, underground sewage, roads and street lights, etc. The amenities that the company proposes to provide are swimming pool, gymnasium, compound wall, metal roads, children’s play area, different sports areas, parks and many more.

All the amenities and facilities that will be provided will be in TGS Layout style and the company is already a proven player in the segment. So you can rely on them but verification of papers is a must and mandatory. The company also provides free pick up and drop from your house for site visit. They can also provide you with assistance in managing your finances or procuring a loan but still don't forget to read reviews and feedback on TGS Layouts before you invest. Even if you take all these in to account one fact that you cannot ignore are the prices that the company quotes. Land is still available at a great location of Sarjapura Road at a starting price of Rs. 12 lakhs. You have the option of buying land stretches of 30 by 40 feet, 30 by 50 feet or 40 by 60 feet. You can even get land plots of other odd dimensions. But what you won’t get anywhere else are the prices at which they are selling the land plots. So be quick and enquire with them. If you are lucky enough you may get a plot at that price if it is not sold out completely. 

For a Better Insight on TGS Yashawini here is a slide presentation specifying its amenities and other nitty-gritty detail.

Tgs Yashaswini Layout in Sarjapur Road from TGS Layouts

Fallacious Stories published as TGS Layouts Reviews on Complaints sites

Pointing Finger on the Reviews in different Complaints sites

There is a certain group of people who are mentally ill and started posting malicious content on every consumer complaint portals. This ill-intent of competitor or rivals may spoil the reputation of this Land developer but won’t be able to strike them out from the market as long as TGS Layouts serves their consumer.

There are thousands of customers with TGS both for plots in layouts and flats in the apartment of TGS Constructions (TGS Layouts deals in land while TGS Constructions deals with residential flats in apartment). If I am not wrong then everyone in their life might have come across with people who are never satisfied in their entire life, they always wanted more and they never stop comparing themselves with other. TGS do have 4 or 5 disgruntled customers who are spitting venom on its reputation, which only shows their malicious intentions.
I am one among the plot owners of TGS Layouts I bought it when it was individually selling land as real estate portal site for Bangalore. I got all the legal documents of the land in due time and other than me there are hundreds of plot owner from my layout who can proudly say TGS has not done any fraudulence with their customers. Well these rumors are only the outcomes of infighting's between the land developers of Bangalore.

If these allegations are true then where are the pending cases against this land developer or any complaint in Government forums? NOTE: sites like Mouthshout.com, consumercomplaints.com, complaintboard.com are not government authorized. Here are who is (whois.com is a site information collection site) for these sites.

Mouthshot

Consumercomplaints

Complaintboard

Now let us talk about the video which is published in YouTube as unrevealed truth of TGS Layouts and a series of few videos as truth of TGS Layouts. All these videos won’t fulfil any of your purpose of watching it. Believe me after watching the entire playlist I concluded as this video is made to know how nicely an employee has handled an annoyed customer, that’s all.

It is much easier to blame on someone for every small thing like unprofessional employees or a delay of few days in providing land documents. Even the name TGS is now started blamed for irrelevant things. I didn’t write this blog to educate the customers of TGS Constructions Pvt. Ltd, I wrote it for a good land developer, facing unjustification...

TGS Dhanalakshmi Layouts Reviews

Mr.Reddy is an investor of TGS Layouts who invested on TGS Dhanalakshmi, I appreciate his work for writing an insightful review on the property and helping others to make their decision. Before going to his opinion let us get a complete picture on the specifications of TGS Dhanalakshmi:

•  Location: Mysore Road
•  Total Land of the layouts: 5 plus Acres
• Total plots: 150
•  Available plots : 70
• Price: 10Lakh onwards
• Contact no: 7022969783

TGS Dhanalakshmi Layout in Mysore Road Photo Taken from TGS Layouts

From Mr. Reddy’s note

I, Mr. S Reddy came from Mangalore as my son started working here in Bangalore. I thought of giving my son something as a gift. A land plot would be something great, I thought. I was looking for a spot or a location at the outskirts of the city or a bit away from the Central Business Districts but the place should be equipped with good infrastructures, I thought. The options I had in mind were Kanakapura Road, Mysore Road, Kengeri, etc. I was looking plots for sale in Bangalore that were low priced but it should have bright prospects.

TGS Layouts was a company that I came across very recently and also came to know that they are selling land plots and layout lands at a very cheap price. I had doubt. I went to their offices and read the TGS Layout Reviews. Among many other options and the land plots that I visited when the company showed all their land properties I came across TGS Dhanalakshmi and selected it. What I saw was a land stretch of about five acres roughly and it was fenced. They said that they would lay roads and provide the basic facilities and would also provide all the amenities too like swimming pool, children’s play area, temple, gymnasium and many others. I agreed for it and so I am writing a review in the section of TGS Layouts Reviews.

I also read most of TGS Layouts Reviews and Complaints too on the internet. On an overall count it was fairly good except few of the comments. I did not believe all the negative comments that have been written because no one knows whether they are fake or original reviews. The company said they would give the possession in about ten months. I also talked with other customers and went through the feedbacks given by TGS customer and even contacted two of them who have bought plots there.

I would like other users and buyers or past customers to write TGS Dhanalakshmi reviews also like me or they may also share their complaints, feedback, comments, concerns and appreciations too. 

How Good is Bangalore for NRIs!

Bangalore is a great destination, the Garden City as it was called earlier has been transformed to the IT Capital of India. A study revealed that in the time between 2011 and 2015, three lakhs of Indian professional working abroad were most likely to be the NRIs returning back to India, their birth place, to help the economy recover. Bangalore was the top among the cities to recruit the most number of NRIs in the country in 2013. Bangalore has been the house of most of the start-ups in the IT sector. That’s the reason why most of the professionals working abroad have been leaving their lucrative jobs and coming back to Bangalore and starting up their new ventures. Being the Silicon Valley of India it is not at all surprising why Bengaluru is the most preferred destination by the NRIs or even the foreign nationals when they think of India. Another reason is the climate due to the location of the place which is at a height of about 1000 meters above sea level. Most of the denizens of Bangalore opine that the city offers lot of good things to stay in, like gardens, parks, open spaces, modern amenities and above all a cosmopolitan culture to bask comfortably in. Along with all these, the physical infrastructure and the social infrastructure of the place is also one of the best to be in. 

But as always there is the flip side of the coin too there are frequent traffic jams, climbing real estate prices, water and electricity scarcity and few others. The real estate prices of the land and property can be scary. The market watchers opine that the real estate prices of land plots can be anywhere between 6 lakhs and to a whooping Rs. 1 crore. But the NRIs trying to settle down in the IT Capital of India should be prepared for the odds too. Here we list few of the odds too and prior information and tips can make life much easier. We collect few tips from the experts and try to keep the NRIs settling in Bangalore informed in advance. 

Uncertainty of power and water

The people coming from abroad are not used to unpredictability, uncertainty, unorderly arrangements and surprises. This may happen and one should be prepared as there will be power cuts in the range of 4 to 6 hours on an average. There may be scarcity of water too and you may have to be cautious about the usage of water.

Traffic Congestion and entertainment

After the revolution of the IT in the area there are often traffic jams and congestion and it is advised that one has to plan in advance one hour before if there is any prior agenda or a meeting to attend.

The late night culture of Bangalore is not the same as other cities. Here the restaurants, pubs and bars have to end operation by 11:30 PM in the night on the weekdays and on the weekends the closing time should be 1 PM as per the government regulations.

Great destinations for weekends and outings

Along with the restrictions imposed on entertainment and other perspectives of life there are great destinations in and around Bangalore too that makes the city a better place for NRIs returning to India. There are places like Ooty, Mysore, Coorg, and Chikkamagaluru many other areas that can be a great weekend destination.

Real estate situation:

The real estate situation of Bangalore is very dicey with ever escalation of prices due to rapid industrialization and infrastructure changes. So if one has to invest one should see the income generation and job generation potential of the place along with the infrastructures and connectivity and then make a comparison. In that case the investment would be proper, suggest the experts. A wrong assessment can lead to blocking of capital and lesser returns on investment. Here you may want to have an ultimate cheat sheet before buying properties in Bangalore. 

The quality education facilities:

Bangalore offers you the best of education with many International schools and some of them topping the list as the best institutions of the globe. This is one of the advantages of the place. The quality of education here in Bangalore, opines the experts, are there in varying degrees. That of course varies with the money one invests on education.   

5 Amazing Tricks To Detect Fake Online Reviews

Internet or you call it online reviews sites are a commonplace nowadays and most often we check these in order to understand the real standing of a company. But most of the time I wonder how much it is reliable. Do I really want to trust the internet or the online reviews? Well, people may be doing so or may be influenced by the impression that is being created by the online reviews. But the real truth is most of it are fake and are made and written by the company’s own people or competitors either to manage or destroy their online reputation. This directly or indirectly help the company to cheat customer or to hide their truth from new prospective. Being in real estate industry I have come across many real estate builders and developers reviews written by freelancer and they are ready to write anything about the company just for few money. Now you may be really concerned about what amount of truth is really there in the online reviews of products and services.

Few days back I started digging on this matter and I was actually searching for a possible way to figure out fraud reviews. I came across many articles and studies on how to check fake online reviews? Here are some of the best possible ways

There was a research conducted recently by the research organization Mintel which found that 57 percent of the consumers that were surveyed are skeptic and doubtful about the companies that have only positive comments and reviews. Among the customers surveyed a whopping 49 percent believes that the companies might have been offering incentives for good and positive online reviews and comments about their products. The experts reveal that there are few of the techniques that reveal the truth about the fact as to whether the comments are real or phoney. We try to discuss them below.

1. Computer Algorithm invented for detecting fake reviews

Recently a team of researchers on the subject created a computer algorithm for the detection of fake reviews about hotels and hotel services. The software mainly deciphers the fake reviews from originals by differentiating the languages used in fake write ups. The programme so developed by the developers has been named Review Skeptic and is said to be accurate about 90 percent of the times. But it is found that the humans are not so good in deciphering the truth from fiction. Professor Claire Cardie who has developed the system opined that people are terrible in deciphering the fake from the real reviews on the internet. Visit Review Skeptic to detect between fake and original online customer reviews.

2. Be careful about the language used

The experts note that too much of extremes be it positive or negative should be taken with a pinch of salt. It has been noted that false reviews tend to be using more extreme language to convince readers about their message and make an imprint on the readers. So if someone writes “It is the most horrible product that I have ever used” or “it’s the best of the products that I have ever used” with probably capital letters you should be careful.  The Cornell University researchers opined that in case of travel or real estate reviews most of the reviews are more superficial which describes the overall experience without going into the details of the contours of the place like the floor, spatial details and the like. This certainly makes sense as someone who has never been to the place is expected to write the reviews in such a manner and won’t be able to describe the place accurately.

Snapshot of Online Review of a Real Estate company

As you can see in the above image 3 people have given their opinion on real estate property and out of them two are abusing them without any detail specifications on their properties detail while one person has appreciated their service and has more details.

3. Be skeptical if too much of jargon is used

The researchers on this subject cautions the readers of online reviews about the ones that uses too much of technical jargons and which reads mostly like product manuals or descriptions. This is because the laymen or the common consumers are most of the times unaware about the technical aspects of the products and too much of use of technical language signals that the reviews are fake.

A Snapshot of customer review on Mouthshot reviewing on Bike

The above snapshot is taken from mouthshot, a renowned online review site. Here the customer posted a good technical insight and has compared with the technical specifications of other bikes. Clearly posted by a person to encourage sales.

4. Check the profile of the reviewer

Reviewer Profile

The experts suggest reviewing the reviewer and the profile of the person writing the review. If it is found that the reviewer only writes reviews about that particular company there are bigger chances that the reviews are phonies and they could also have vested interest in these companies and products. Although there are certain review websites which verifies the profiles and the genuinity of the reviewers and the consumers asking details of the invoice and other proofs. Even then these comments can be fake insists the researchers as it’s easy for the insiders of the companies to obtain fake evidences.

Click on the image on your right to expand it, you will find a profile who is very active in giving reviews and has a continuous activity on different sites. It makes everything messy on his profile and looks like the person is working as a freelancer to post comments and reviews.

5. Pay more attention to detail:

The reason for what the product is bad or the writer is writing a bad review for has to specified. If the comment is too generic like “I hated Example Layouts as they are showing unspecified delays in their project completion” is too generic to believe in contrast to someone who writes “Their service is too bad and no one will entertain you after receiving money.”

The purpose of writing this blog is to make TGSLayouts customers aware on the fraud and manipulations done by online reviews sites. My intension is to create a complete authenticated site where customers can freely interact with each other and share their views with other. If you find this blog helpful do share us and don’t forget to give a feedback below.

An ultimate cheat sheet before buying land

The poor householder desires of buying a land property with many a wishes of building a house on it for spending the rest of the life peacefully. But on few occasions it turns out to be a curse. That happens because of the legal paraphernalia and few crooked developers trying to deceive the buyers by making false documents and showing that the land is free of disputes when there are flaws in the legality of the land. The common man does not know what to check and what are the most crucial documents that one needs to verify and most importantly what to check. Here is what one needs to know before buying the land property.

Things to know before buying land property

By the time you came to the end of this info-graphic your head will be storming with questions like what is a title dead; what is encumbrance certificate and so on and so forth. To make you understand better on these terms I recommend you to go through with this article "What you need to check before buying land property?"

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Budget 2016 Expectation of Home buyers

Real Estate has a lot of Expectation from Budget 2016

what realty market 

& the home buyers wish from the Union Budget 2016

The government is new with lot of optimism with lots of altruistic and reformative propaganda. It is true that the real estate sector is reviving from its long lull going on for five or six years. The year 2015 was not so prospective with the residential sector not doing so well but the sales figures were slowly surging and the unsold stock reducing to an extent. This imbibed hope for the sector and at that backdrop the commercial sector showed some amount of optimism with sales and absorption rate touching the second highest in history since 2011 in the country. Of course it can be assumed that there is economic growth in the country due to which there is demand of commercial sector realty products and this will surely have an impact on the residential sector as well.

The other sector was the retail where not much of an activity was noticed but the experts opine with the turn of the year 2016 there will be big players entering the market inducing the demand of retail sector real estate as well. As we have discussed in our previous post on what 2016 has in store for real estate. So all these taken together the union budget 2016 is a crucial factor that everyone is looking at with patience and waiting and watching to see what difference it can make to the economy and the realty sector. In this backdrop the customers or the home buyers who are the main investors of the sector who does have a wish list that the markets need to fulfil. Alongside that the government has to facilitate so that market is able to fetch the wish list to the end users. Let us probe and do a detailed enquiry and find out as to what the market wants. 

Talking about the pain points of the home buyer there are of course many. There are many problems that happen in the delivery of the projects, like delays, mismatch of commitments, price increment and hoard of hurdles that the customers have to face. Although there are rules not to sell any land in undeveloped layouts but still there are no provisions for builders who are constructing apartments. Thus it is obvious that for the real estate sector, to grow it has to win the confidence of the end users and the government has to introduce the policies and programmes that would instill more confidence and harbour protection to the investors. 

As of now the realtors have opined that on purchase of an under construction property the tax benefit that the buyer can claim is of Rs. 2 lakhs and that too after the possession of the property if the construction is completed within a period of three years. In case the developer delays further than three years this benefit is reduced to Rs. 30, 000 but they go on paying higher interest. Here you may like to know the mistakes that a buyer should avoid while dealing with property. If one looks at the reality then the buyers who go for their first homes has to additionally pay the rent as well apart from the EMIs also. 

The market watchers suggest that the Union Budget should make such measures and tax provisions for the end user or the home buyer so that it allows the tax benefit from the time the buyers pay the EMIs and not when the possession is given. This will certainly lessen the burden of tax on the buyer and the home loan disbursement will also be at a higher speed. 

Another measure that the government could take is the increment of the tax deduction limits on the loans of homes and the insurance premiums. The government has kept the limit as Rs. 2 lakhs and this should be adjusted in tandem with the sky rocketing prices of the top metros where people struggle to buy a house. Tax concessions on the house or home insurance can also encourage the usage of insurance which would help the economy as well.

There is a need for the self-employed community to be given more tax benefits than ever before as today the number of the start-ups has grown more. Not only that due to the spurt of professional education many are trying to start businesses and their own profession for whom the tax deduction for house rent allowance is just Rs. 2000. This is felt by many as unjust and thus buyers expect that Modi government has to look into the amendment of the Section 80 GG which specifies it and should work on increasing the limit.

TGS Layouts; 5 Enraptured Offerings in the Year 2015

The continuously slugging Indian real estate market forced many land developers and builders to cut their prices in an attempt to enrapture the customers. These offers are nothing but to allure the customers for the developers to get rid of their piled up stocks. The downcast sales figures of real estate is the compelling factor to initiate such out of the box ideas which can bring the sales figures back into the track. TGS Layouts, a part of TGS Constructions Pvt.Ltd. has flaunted numerous offers to customers as under.

1. Buy Land plots at 40 percent lower than market rates.

In these times of escalating land values where the prices of land are again climbing higher especially in the market of Bengaluru, TGS Layouts dares to say that it sells flats at a price at least 40 percent lesser than the market rates. There are land plots at all the corners of the city. The company started with the vision of selling land to the middle class at affordable rates within budgets. It has been so successful that it has land parcels in gated communities of Layout in Devenahalli, Hosur Road, Electronic City, Kanakapura Road and many other places as well. The company also arranges discounted sales with promotional offers flaunting with gifts. The company arranges for the customers, free pick up and drops with other consulting services like legal, financial, etc.

2. Summer Bonanza Sales Offers @TGSLayouts

TGS Summer bonanza offer for land buyers with 111 gifts for each bookings

Last summer, TGS Layouts a developing and Construction company who are mainly in the affordable sector of real estate organized a bonanza sale. The sale was all about land layouts in gated communities developed in several acres of land. The amenities the company would provide is all that are required for a decent living like swimming pool, security, compound wall, 30 and 40 feet wide roads, health clubs, gymnasiums and many more. The basic facilities like underground sewage, street lights, water and electricity connections are all provided too. In the summer bonanza offers the land layouts that was on offer was in Mysore Road, Electronic City, Devenahalli, Hosur Road and few other places. The sources said that the sales were fabulous as the company flaunted extra discounts, gifts and offers in the bumper sale.

3. On the Varalakshmi Festival TGS organized bumper sale of land plots

Varamahalakshmi offers by TGS for both land plot and flats

On the eve of Varalakshmi Festival the one and only company TGS Layouts selling land plots who has gained popularity due to land in all parts of Bangalore organized a bumper sale. There was land in Kanakapura Road named TGS Saraswathi  in compounded walls and gated communities provided with all facilities and amenities. The basic facilities would be there along with the amenities like swimming pool, gymnasium, wide roads, children’s play area and many more would also be provided. These land plots in lucrative locations of Bengaluru were sold at a discount of Rs. 3 lakhs to Rs. 5 lakhs. There were great rush and many customers bought land opines the sources from the company.

4. Gruha Utsav a cash back offer from TGS Layouts

TGS Gruha Utsav in 2015 for new land buyers

Gruha Utsav was organized by TGS Layouts few months back and notwithstanding the fact that the company sells land plots at an already discounted price the company was giving further discount on the land plots in the layouts. The areas in which it had lands to sell were Kengeri, Electronic City, Mysore Road, Chandapura, Kanakapura Road and few more places. These were also gated communities with the layouts being constructed in TGS style with all facilities and amenities. There were 111 gifts to be distributed to the customers, booking land plots and there was a winning contest for a Hyundai i20 car as well. Together with all these offers and discounts the sales bonanza went too well with almost all the land layouts being fully booked.

5. Weekend Offers for Land buyer @TGSLayouts   

A free door step pick and drop facility by TGS Layouts

To conclude, the weekend offers at TGS Layouts also brought some hope to the customers of the affordable segment. These never before offers on TGS premise are very common and are usually held in a continuous manner on every weekend. Here the company provides free pick and drop facility to save precious time of the customers. Apart from this a customer can visit all the locations where the property of TGS Layouts exists. Most of the companies have weekends on Saturdays and Sundays and these offers are usually organized on these two days. If anyone visits and books plots in any of these days then the customer can also expect few gifts added with the regular discounts.

If these offers interests you and want to stay updated with latest schemes / deals on land property then tweet and follow @tgslayouts. I appreciate people who have contributed their time in giving reviews and feedback on TGS Layouts. Visit us regularly for the latest news on land and layouts in Bangalore.