Bangalore Real Estate has slowed down
Tuesday, March 04, 2008
Time for some self praise. I used to say in 2007, that a slowdown in Real Estate of Bangalore is inevitable and you can see from the latest Prices [Residential Apartments] released by Cushman & Wakefield here.
The worst hit areas in Bangalore are Electronics City and Banerghatta Road. Prices had climbed to Rs 4,000 on Electronics Road and is now quiting at Rs 2,500. Banerghatta Road has seen prices come down from Rs 6,000 to Rs 4,000. Poor infrastructure and absence of planning will be the biggest bottleneck.
The worst hit areas in Bangalore are Electronics City and Banerghatta Road. Prices had climbed to Rs 4,000 on Electronics Road and is now quiting at Rs 2,500. Banerghatta Road has seen prices come down from Rs 6,000 to Rs 4,000. Poor infrastructure and absence of planning will be the biggest bottleneck.
posted by Webmaster @ 11:52 AM
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1 Comments:
i guess and my hunch is that it might come down even further as most of it was led by IT guys . now IT guys are being hit with talk about a very long recession in US (like in japan and it might be there for 5 to 10 years ) .good for people who have cash on hand for bargains and for people who have bought in the highs bad luck.
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