new govt and impact on RE

[kalidas]

Hi Friends,

Now that congress is in power, what would be the impact to RE prices in Bangalore. Also, would the sakrama and regularization go through as governor is also from the same side?

Comments awaited!!

Rgds,
Kalidas

[aries31]

The land/garbage/water mafia will switch from BJP to Congress. There won't be any difference for the ordinary folks like us. Now all the bribes will flow to Congress. Right?

I'd think corruptions and scams will increase 10x , looking at what's happening at the center.

[ranjanimehar]

Hi,

There will be 10x times more corruption, that means atleast 3x times cash will flow into the realestate market and since the no. of seats, mostly confirms full term of 5 years, realestate is in no way coming down in the coming days. It will certainly go up especially in bangalore where all the migration is adding upto the population, and I T being one of the back bones of realestate boom, is required all the more to plug leakages, putting stringent systems in place everywhere in the world.

Close deals if you are sitting on the fence.

All said, if there is a catastrophic war, or a financial melt down due to QE and its repurcussions just like europe; then yes real estate will crash. The odds of that happening in the next 5 years is anybody's guess.

ranjanimehar.

[msn1270]

Nothing to do with the party or their ideology. It all depends on the visionary leadership.

Atleast during S.M Krishna period, middle class people of Bangalore got BDA sites, as SMV Layout, Nagarabarhavi, BSK6th Stage, JP Nagar further Extension,
Anjanapura, Vijayanagar by MUDA...etc were done one after the other in short periods.

Later, we saw Dharmu, Kummi, Yeddy, Sada and Shettar. No one give any importance for BDA Layouts. all their statements were in papers not in reality.
Instead they used BDA as Rubber Stamp only to given approval for the private layouts and grabbing all the G Category sites to themselves rather than for Public.

If the new elected Congress Govt also follows the same treand, they will also get a kick on their back shortly by next year Parliamentary Election.

[gurukiran20]

with Congress into Power -- in all sense RE should be up. Balckmoney flow would be on the Rise and all seasoned corruption dealers are in the party to help that. But this will only happen post Lok Sabha Elections NOT before that.

so invest now and wait till LS Elections.. for short team gains