I cannot say with certainty will real estate prices fall in Bangalore, but I feel they won’t. The influx of people, development of companies and the demand of properties affect the market and the price trend always seems to be increasing. However, in the second half of the year, especially from April onwards, there has been a decline in demand to buy properties. If this goes on, the price might fall.
Will Property Prices Fall in Bangalore?
I have been in this real estate industry for a long time and from my perspective, the prices won’t fall. During January to March, the demand for properties increased in the city substantially but from April onwards, there seemed to be a decline of 8.5% to buy properties ranging between Rs 80 and Rs 1 crore and a 12% drop for properties ranging between Rs 60 and Rs 80 lakh. This is mainly because people are more interested in rental properties.
But there is good news, properties between Rs 3 crore and Rs 4 crore saw a good spike in the second quarter, which hints that homebuyers are upgrading towards properties worth Rs 1 crore or more.
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Authors Of The Question
Will Real Estate Prices Fall in Bangalore?
Ari
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1 Answers
2 months
2024-10-09T08:34:52+00:00 2024-10-09T08:34:55+00:00Comment
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