jay_bmsce

Good Information is being shared here by Arin. I too have similar views on both the posts by him on Bangalore property market. To provide a bit of introduciton about myself, I am a software engineer workign for a MNC in Bangalore.

I can currently afford(obviously on Housing loan) to buy the falt but wont really look at buying currently as I feel that there is still a time for Bangalore real estate to touch the bottom price. I see a lot of appartments comming up/buit in south bangalore (BTM, N.S.Palya, Bannerghatta road/Jaynagar/JPNagar). The one which are already ready to occupy and completed have put up huge advertisements/hoarding for the sale, from a long time but not really getting sold, which is a clear indicative of the Bangalore real estate market cooling off !!

I see the same advertisement/horading from past 1 yr or so for many appartments. Many of the upcomming appartments have stopped/slowed down their construction because of the scracity of the buyers. Those category of ppl/investors really denied a right of 'A house for everyone' in India by creating an artifical boom.

Looking at these situatiuon, I really feel good that the greedy investors / NRIs who has lot of money in $$$s artifically created a big real estate boom in Bangalore as well in other cities, are being punished now by the people to whom they had denied their right. And so many of them are really forced to sell at the price that they have bought or even below, as they can not at all afford to hold those extra property that they had blocked to make a huge money out of real estate boom.

My advice to poeple like me, who really need an own house to live a decent life, and do not want to deny right of a good living to others, Wait and watch for atleast 8-12 months further to see a price fall.