Investors Pinning their Hopes on Properties in Bangalore

Whenever the property rates depreciate, it becomes a time for putting iron in the fire, for users at least. Bangalore, the electronic city, has undergone a slump of about 1% and the rates in individual localities too have deflated. What could be the possible reason behind this? Do we need to even mention that? The turbulence that the Indian economy has found itself embroiled in, has played wrongly with a buyer's sentiments. Their interests in making a purchase in the light of the current scenario is on a wane. Bangalore, a city where the prices were already stagnant from many years, is seen as a windfall for buyers and investors. In the hope that the rates would eventually rise here, the investors are taking the present situation as a good opportunity.

The interest of both medium as well as high-term investors for a house in Bangalore has augmented: The city being a hot-spit IT hub, has played a major role in aggrandizing the investors' likening to put their money in. In fact, the city has been the nerve center for investors from neighboring states too, who anticipate that the rates would eventually rise in the city, getting them huge returns in long run. Then there are NRI's (both from South India and others) who have invested colossal $200 million in the realty market. It is not only the residential market that they have eyed on, many have given their stamps on land parcels worth crores too.

 

It is the wherewithal of the city's real estate market that like big names like Jumabhoy from Singapore have invested a whopping money on luxurious villas in Whitefield. Their project named, Raffles Park, shall develop 61 residential properties in Bangalore that would cater to the ultra-modern needs of the elite segment. This project, worth 350 crores, shall be a big push to the city's realty market. T

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