We are yet to see how are these properties are valued say after 15yrs. Will they go the 'bombay' way or whether they will be valued purely on the basis of 'brick and mortar' which is ofcourse a depreciating asset.
Think of it, many people who buy a house 15-20 years old, eventually end up razing the old structure to the ground and constructing their own stuff which means that you primarily pay for the land and not the construction.
With the upcoming supply of land and the expansion of the city towards north (and ofcourse the 'low growth' period in coming years for IT) -- land and 'new' apartments will be in plenty for at least next 10 years at least. So I am more inclined to believe that bangalore will not go the mumbai way (where there is no land), which means these flats which are being sold for huge amounts these days will be truely depreciating assets in the years to come.
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