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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Bangalore > Distress Property for Sale in Bangalore - Tracker thread
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Old September 19 2013, 09:26 PM   #31
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Originally Posted by rambler View Post
sorry vicky, the chances of prices coming very low seem to be receding.Look at the new moves to provide funding to banks for RE loans and the new investments coming from foreign PE funds into Bangalore.
Ok Rambler bhai, No coming down- but are you ready to bet on a 3-4 years stagnation in realty ?

 
Old September 19 2013, 09:35 PM   #32
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certainly because the builders dare not stick out their necks announcing high rates and later coming down to earth sheepishly.This is a possibility at least in Bangalore but the stiff upper lip guys in the north may have different ideas or tricks up their sleeves.

By the way, you had asked what I had written in kannada on Gurgaon thread.
I had written that all of you are speaking in your language and I had difficulty in understanding.

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Originally Posted by ashish18 View Post
Ok Rambler bhai, No coming down- but are you ready to bet on a 3-4 years stagnation in realty ?
 
Old September 19 2013, 11:09 PM   #33
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Originally Posted by rambler View Post
sorry vicky, the chances of prices coming very low seem to be receding.Look at the new moves to provide funding to banks for RE loans and the new investments coming from foreign PE funds into Bangalore.
Agreeing with rambler on this. Seems like the prices wont go down much after the new RBI move.
 
Old September 19 2013, 11:27 PM   #34
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Originally Posted by swEngineer View Post
Agreeing with rambler on this. Seems like the prices wont go down much after the new RBI move.
I had high hope on Notepad & BullbearDude's detailed analysis on Indian Economy, it seems the hope of prices going down was very short lived.

I was eagerly awaiting builders to start selling in distress and bring down the prices.

Shattered !!!
 
Old September 23 2013, 10:34 PM   #35
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Bangalore...And Its Unique Real Estate Sector

The terminus target of FDI and NRI investments, the symbol of rapid urbanization and the capital of IT and ITeS sector is Bangalore, the Silicon Valley of India. A recap of the growth history in this city rhymes the symphony of real estate and service sector, scaling heights of success in sync. The growth and development of real estate sector has been in tandem to the growth of service sector which has acted as a booster to the demands of real estate assets.

The residential sales trend in Bangalore has been steady along with a robust expansion of infrastructure in the metro regions. The infrastructural inputs in road links elevated express way and strategic assets like Greenfield project of International Airport has further enriched the connectivity in all directions of the city. Once known as a garden city, Bangalore has under gone a significant make over in the present times.

The reassuring infrastructural assets and concentration of literate populations along with higher education & research institutes in this city have been tremendously encouraging for the expansion of real estate operations. The rapidly developing commercial zone and hamlets like the Electronic City have been attracted a huge number of immigrants and subsequently increased the demand of residential units. This has been further complimented with the occupancy of major Indian and International corporations in this city and substantially created employment opportunities and increased the disposable incomes with the local professionals.

The elevated lifestyle of the local population and thriving service sector in the domains of IT, telecommunications and research has been promising for the realty sector. The demand for residential units has been observed to be in the favor of end-users and therefore the real estate demand and supply equation has been more or so insolent to speculative fluctuations. The growth in residential sector has sprawled to the outgrowths of the metro regions and the growing connectivity and demand for commercial spaces has further encouraged a comprehensive growth of construction activities in this city.

The increased preference of premium properties in Bangalore is another advantage of the opening up of the FDI investment channels in real estate sector of our country. The exposure to the international practices and trends in real estate with the increased flow of funding from abroad has transformed the face of residential realty in this city. Owing to the nature of demands for immovable assets and the support from persistent infrastructural upgrade, Bangalore city stands out to be the most favored destination for habitation and real estate investments in the country.

The planned and upcoming elevated expressway, metro links and road circuits in Bangalore will be crucial to the maintained graph of growth for real-estate in the coming future. Even though the Indian economy has been clogged with sluggish growth and an alarming fall in the demand from manufacturing industries, real estate in regions like Bangalore and other metro cities has upheld the rising graph of realty operations.

Bangalore...And Its Unique Real Estate Sector
 
Old September 24 2013, 09:30 AM   #36
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Thread heading says 'distress property sale tracker' and in the 4 pages so far, there is none at least in Bangalore. So can we conclude that there is no point waiting for a distress sale in Bangalore?
 
Old September 24 2013, 10:35 AM   #37
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Quote:
Originally Posted by swEngineer View Post
Agreeing with rambler on this. Seems like the prices wont go down much after the new RBI move.
Mr. Mayaram chief sectretary with FM clarified that their is no such proposal in consideration...
like special stimulas packages to certain industries...
 
Old September 30 2013, 06:22 PM   #38
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"Housing is at a typical recession stage. In the last quarter (April-June 2013), home sales were among the lowest in the recent past," says Pankaj Kapoor, managing director, Liases Foras, a Mumbai-based real estate analytics firm.

According to Liases Foras, only 1.24% inventory in the Delhi-National Capital Region (NCR) was sold each month in the June quarter. Ideally, monthly sales velocity, that is, percentage of inventory sold, should be around 2.75%.

Even property brokerages are saying that the market is bad. "There's a slowdown. We are seeing that in our business volumes. Although the number of queries has not changed, transactions are falling," says Kartik Varma, co-founder, PropTiger, a property brokerage with operations in many cities.

Interestingly, one reason for the slowdown in sales is not shortage of buyers but unaffordability of habitable units in most cities such as Delhi and Mumbai.

Before you buy that house: What's driving India's real estate market right now - Business Today


Quote:
Facebook Group - Bangalore Distress Property Group to track distress property opportunity in Bangalore.
 
Old October 14 2013, 03:30 PM   #39
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With Diwali period around, a lot of new projects are being launched. Bangalore RE seems like heading high after a period of stagnancy.

The forces predicting doom have quietened for now.

Is it a resurgence of RE or a temporary blip ?
 
Old October 25 2013, 07:15 PM   #40
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Hi,

The Distress Property Group is now getting traction, we now have a number of properties (direct from owners) listed in our Distress Property Sale Bangalore Group

Check it out. Agents/Brokers not allowed.
 
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