During 2014 year, the all real estate markets of
India remained constant with the exception of Bangalore urban. There were numerous
reasons for this low and constant growth of the markets like poor buyer
sentiment, increasing prices, improbability and economic recovery and lack of self-confidence.
Some projects in the residential and
commercial sectors were launched in 2014 year in the comparison of preceding two
years. These projects were successfully
launched for satisfying thousands of clients completely. But developers did not
lower their prices, they reduced the sizes of the flats to decrease the ticket
size and attract millions of buyers and investors.
The
Real estate market of Bangalore city continued to delay because most of the
projects launched just by aiming at mid segment market purchaser had not turned
unreasonable. According to the realty sources, the absorption of the enough commercial
space in 2014 was 45 % higher than in the preceding year. The rapid increase in
the demand for commercial space shows that the economy is on the repair &
rapid improvement. If this trend continues in 2015 year, it will have a
positive and encouraging effect on the housing market, declares in one statement
Sanjay Dutt, executive MD, South Asia, Cushman & Wakefield. If the economic recovery
continues gradually, sales may pick up slowly in 2015 year. It is not certain
that the rates of properties will not rise in the first half of the year. But
it is expected that the prices may move in the fourth quarter of 2015 year.
For more information about property in
Bangalore, Click on Luxury Apartments
in Bangalore
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