bangalore property market review 2015

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akula
Posts: 56
Joined: June 12th, 2009, 5:02 pm

bangalore property market review 2015

Post by akula »

Overall growth in 2015 is 1% as per this review from 99acres. Just thought of sharing this doc which I received in my inbox.
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msn1270
Posts: 1523
Joined: June 17th, 2009, 2:21 pm

Re: bangalore property market review 2015

Post by msn1270 »

Don't blindly believe these reports.

They never reveal the ground reality, as the groups like Magicbricks, 99Acres, commonfloor or TOI ....etc are here to make money.
They always try to influence the buyers by showing colorfully manipulated statistics. They never write any negative things about their
targeted business area/Developer/Builders/Agents. In this entire transaction, Developer/Agent/Banks/politicians/Bureaucrats are
the real gainers. Only the buyer is the poor fellow, who has to show tolerate to everything.

The summary from this report is, Buyers please don't waste your time expecting price correction in the near future, Finalize your deal
on priority and give us business.

Definitely there is a huge demand for the housing and also ample supply is there. But there is a big gap between the seller & Buyer, which
is unrealistic & always buyers are loosing the game.
sujiths
Posts: 16
Joined: March 12th, 2013, 5:28 pm

Re: bangalore property market review 2015

Post by sujiths »

msn1270 wrote: The summary from this report is, Buyers please don't waste your time expecting price correction in the near future, Finalize your deal
on priority and give us business.

You hit the nail on the head.
No property developer/website will ever say 'Dont buy now, the price can go down in the near future. You can wait for some more time and buy'.
Instead they will always say 'Prices will go up after Sankranthi/Deepavali/Ganesh Chathurthi/New year, We are giving special offer only for you so hurry up and buy right away'. They are more desperate than ever and a buyer has to exercise a lot of caution before investing in what will be a once in lifetime purchase for most people
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