Bangalore has plenty of supply. You do not buy there for an investment. Buy if you plan to stay there..
I saw your earlier post on 2 BHK for 60 Lakhs.. Problem is the same property on rent will be not more than 15K.. reason being.. Bangalore has a young IT crowd and rentals they cannot afford beyond 10 to 15K.. People with higher salaries will go for a 3 BHK at 22- 25K..
It is a beautiful city, but there are huge infrastructure issues.. 5 years of Dewa Gowda set it back considerably.. City has potential.. so wait and see for quality of life to improve.. but still no VFM as an investment..
Quote:
Originally Posted by sniper2k7
Just want to continue this thread..
Where is the real estate sector going now....
I see a lot of interested buyers, but are they really buying???
or just the brokers are pooling the properties and waiting for price hike..
I had seen many brokers blocking apartments in lots and selling them for profit ( mainly in sobha, Mantri and others)
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