Buying an apartment in Godrej MSR City is a big step. This project is spread over 62 acres in Shettigere, North Bangalore, near the Kempegowda International Airport. It's built by Godrej Properties, a well-known and trusted builder. The township offers many facilities, including 5 clubhouses and a large 50,000 sq ft clubhouse in Phase 1. There are different apartment options, like 2BHK and 3BHK, with plenty of green spaces.

Even with all these benefits, buyers sometimes make avoidable mistakes. These can cause problems or reduce the value of their investment. If you are thinking of buying here, watch out for these five common mistakes.

Mistake 1: Not Checking RERA Approval and Project Details Carefully

Godrej MSR City is approved by RERA, which is the government's way of protecting homebuyers. But RERA approval alone is not enough.

1. The township has many phases. Make sure the RERA number you check matches the phase and unit you want to buy.
2. The possession date is important. For Phase 1, it's April 2029. Don't trust any promises that differ from this date.
3. Your agreement should clearly state the carpet area of your apartment, matching RERA's official numbers.
4. Payments must follow RERA rules. You should not pay more than 10% before signing the sale agreement. Other payments should be linked to construction progress.
5. Builders can't make major changes to the plan without your approval, and it must be updated on the RERA website.
6. Godrej keeps 70% of your payments in a separate account to ensure the money is used for building your home.
7. There is a 5-year warranty for structural issues after you get possession.

You can check all this on the Karnataka RERA website by entering the project details.

Mistake 2: Ignoring the Location and Connectivity Details

Godrej MSR City is close to the airport and many business hubs. This is good, but there are some things to know.

1. The project is near big IT parks like Manyata Tech Park and Aerospace SEZ, which means many professionals will want to live nearby.
2. The Bangalore Metro Blue Line is being extended to the airport, but the nearest station to MSR City might still be some distance away. Check how you will reach the station easily.
3. The roads nearby include NH 44 and the new Peripheral Ring Road, but some areas, like the BK Halli underpass, have traffic jams during busy hours. Visit the site at rush hour to see for yourself.
4. Living near the airport means you may hear planes sometimes. Check noise levels at different times of day.
5. Schools, hospitals, and malls are available but some facilities are still developing in Shettigere.

Mistake 3: Forgetting About Extra Costs and Poor Budget Planning

Many buyers focus only on the apartment price. But there are other costs you must plan for:

1. GST on under-construction homes is 5%.
2. Stamp duty and registration fees add about 6-8% to your costs.
3. From October 2024, you need a valid e-Khata for legal property registration. Check that this is ready.
4. Apartments with better views or higher floors may cost extra as Preferential Location Charges (PLC).
5. Maintenance charges are ongoing and will be higher because of the many clubhouses and amenities. Expect around ₹4-6 per sq ft monthly.
6. Parking may or may not be included in the price. Confirm this early.
7. You will need to budget for legal fees and utility connections.
8. Make sure your bank approves the project for home loans and offers payments linked to construction progress.

Planning for these costs helps avoid surprises later.

Mistake 4: Not Visiting the Site Enough and Checking Construction Quality

Pictures and brochures are useful but can't replace visiting the actual site.

1. Visit multiple times, including during busy hours, to understand traffic, noise, and surroundings.
2. See if you can visit the exact tower or floor you want to buy. Model apartments show only the best units.
3. Check construction progress matches the promised schedule. Phase 1 is expected to be ready by April 2029.
4. If possible, hire an expert like a civil engineer to check the building quality and materials.
5. Read reviews from other buyers, but watch out for fake ones. Look at multiple sources to get a true picture.
6. Also, observe nearby infrastructure like roads, drainage, and street lights.

Mistake 5: Not Thinking About Resale Value and Future Growth

Buying a home is a long-term decision.

1. North Bangalore is growing fast, thanks to the airport, Aerospace SEZ, and business parks. This means good chances for price growth and rental income over 5 to 10 years.
2. Metro and road projects will improve connectivity and add value.
3. However, many new projects are coming up. This means there could be competition when you want to sell or rent.
4. Some local facilities like markets and shops are still being built.
5. Ask about water supply, power backup, and eco-friendly features like rainwater harvesting.
6. Godrej has a good reputation for quality and timely delivery, but always keep realistic expectations.

Conclusion: Buy Smart and Stay Informed

Buying in Godrej MSR City can be a great choice if you do your homework. Check all legal details on RERA, visit the site often, plan your budget carefully, and think about the future value. Get help from professionals like lawyers and engineers.

With care and planning, you can find a safe, comfortable home and make a smart investment in one of Bangalore's fastest-growing neighborhoods.

Frequently Asked Questions (FAQs)