CURRENT PRICING TRENDS IN BANGALORE CITY

Individual house for sale in Bangalore | Villa Houses in Bangalore | Flats purchase in Bangalore

As usual, every market has certain Ups and Downs, and Real estate is not an exception to it. Currently, Bangalore is seeing some sort of recession in the real estate pricing. In the recent past the real estate business witnessed a marginal drop in the prices and this fall was against the expert’s expectation of marginal increase. While Koramangala, Sarjapura and Whitefield areas have witnessed a slight growth, few areas have kept the prices stable and all the other areas are witnessing marginal fall in the prices. While the construction costs are in increasing trend, the price fall make the builders and the promoters to sell their properties at lower rates which will lead to a marginal loss in their business. If the builders and the promoters keep the apartments already built expecting a price increase they are afraid that they may have to face an interest loss of huge amounts borrowed for investments.

Hence, there is an alround slow down for both the sellers and the builders as well as promoters. However, for the buyers there is an opportunity to buy the flats comparatively at lower prices. In the coming days, we may witness a price increase in the construction materials as the taxes are likely to be increased in the ensuing budget to overcome the deficit as far as possible at lower levels. Builders keep huge amounts as debt to the building material suppliers and the funds will attract interest considerably at higher rates after some period of time being allowed by the suppliers.

While so, Non-Resident Indians  residing abroad are looking at Bangalore as a best possible investment destination whenever the prices fall. For the Resident Indians also it is the best available opportunity to make purchases during the timer when the prices at its lowest ebb. Everyone is expecting a great price rise once the retail investor giants stepping into the Indian market. Since such giants shall make big investments, in tune with some expected policy changes to be announced in the near future by the central government.  Due to USA’s severe confrontation, China is facing a slump in its exports and investments from the foreign countries, as such, it is now India is found to be the only dependable destination for the safer investments from abroad.

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BMRDA Approved Layouts

Anekal
Bannerghatta Road
Devanahalli Road
Electronic City
Hosur Road
Indira Nagar
Kanakapura Road
Koramangala
Sarjapur Road
Vijayanagar
Whitefield