May 26, 2008

Property rates to go up in Bangalore. Will you still buy property there?

Magicbricks Moderator says – A recent news report says that property developers’ association in Bangalore has decided to increase the rates of all projects by Rs75-500 per sq ft. This decision was announced by Confederation of Real Estate Developers’ Associations of India (CREDAI-Karnataka chapter). Rising prices of steel and construction material has been cited as the main reason for this hike.

Will you still buy property there? Will this impact your property buying decision?

Send in your answers in the comments section. Else, send them to editor@magicbricks.com
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4 comments:

  1. Anonymous28/5/08

    Of course. Property there is an investment. The rental returns are good.

    ReplyDelete
  2. Anonymous31/5/08

    Bangalore is the hotbed of activity. Property there means investment. What is costly today, will get costlier tomorrow hence it is a good investment still. Yes, small investors and home seekers may have a problem.

    ReplyDelete
  3. Anonymous2/6/08

    Property is always a good invetsment option. Buying flat makes sense there.

    ReplyDelete
  4. Anonymous25/3/11

    Even in US this trend was there before recession...

    Buying over priced... any thing will lead to troubles

    ReplyDelete

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