Property Mumbai

  • Subscribe to our RSS feed.
  • Twitter
  • StumbleUpon
  • Reddit
  • Facebook
  • Digg

Tuesday, 15 January 2008

Property boom not yet over

Posted on 01:59 by Unknown
New areas are fertile territory for investment.

BANGALORE: While the stamps and registrations department on Friday gave its official stamp to the real estate slump in the city, realtors indicated a potential boom in areas outside the traditional hotspots like Electronics City and Devanahalli.

And according to the city’s realtors, now is the time to invest.

Prices near Electronics City, Bommasandra and ITPL have gone through the roof and returns on investment here could take long.

“The problem with the sellers in these areas is that they quote unrealistic prices ,” says C Venkatesh, a realtor from Yelahanka.

And for those who have invested huge sums on sites here, the only hope is an up-and-running Bangalore International Airport and the proposed expressway connecting it.

“It is advisable for prospective buyers to now zero in on housing sites at Singapura and its surroundings. Land is available at Rs 1,000 a sq ft adjacent to main the road and Rs 800 a sq ft in the interiors.

So there is no sense is looking at ‘distant’ Devanahalli when cheaper sites are there for the asking closer to Bangalore,” explains C Mallikarjun, a realtor.

And with areas like Chikka Madura, Hesaraghatta, Peenya Dasarahalli, Laxmipura, Abbigere in Bangalore West and Doddaballpur, Vijayapura, Chikballapur, Attur, Singapura in North, the proposed infrastructure facilities will lead to rapid appreciation, say realtors.

“I bought a site at Rs 250 per sq ft two years ago. It can now fetch me Rs 1,000 a sq ft and is only set to go north. I now wish I had bought more sites two years ago. The same can’t be said of Hoody. I bought land at Rs 1,000 a sq ft six months ago. I have no buyer for this property today,” rues B Manjunath of Abbigere.

The scene, it seems, is similar with flats. Again, there must be due diligence before the final decision. Realtors say areas like Kaggadasapura, Vignananagar, Basavanagar, GM Palya and Nagavara, where new projects are coming up, are worth a look.

And with smaller builders, while it is necessary to read the fine print carefully, one can haggle on the price to one’s advantage, says a realtor.
Email ThisBlogThis!Share to XShare to Facebook
Posted in Bangalore | No comments
Newer Post Older Post Home

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Popular Posts

  • Builders and their inflation predictions
    It comes as no surprise to me that the members of the real estate community including investors are disappointed at the contents and comment...
  • Some sense returning to the real estate market
    Mint reporting on the slowdown in PE deals. New Delhi: India’s real estate party may be cooling down rapidly. Global private equity firms sa...
  • Montek says Goldman Sachs analyst is wrong
    “We think the Reserve Bank of India will need to raise effective policy rates by 300 basis points in 2010 to bring policy rates to neutral, ...
  • BMC plans ot hike property taxes
    Finally property dealers are acknowledging that property prices are beyond reach in Mumbai along with the fact that there are too many apart...
  • India's residential sector likely to see oversupply - Crisil
    Crisil reporting accurately on the state of the housing market in India. >>> Real estate companies have been launching newer resid...
  • Laughing Waters is no Laughing Matter
    http://www.bangaloremirror.com/index.aspx?page=article&sectid=1&contentid=2011020420110204081607853b53eeb38 An IT czar, two top-notc...
  • Rajus' land bank could be much bigger
    Farfetched but true. The greed for land is has sunk a solid cash cow business built on cheap labor, dollar arbitrage and government subsidi...
  • Battle for Mumbai's skies set to begin
    Times of India reports Mumbai: The skyline of congested areas in Mumbai like Girgaum, Grant Road, Bhuleshwar Nagpada and Parel could soon be...
  • Observations On China's Bubble, Or The "Lose-Lose" Reality Of A Financial Cocaine Addiction
    Not from India, but we are not very far behind in speculation.... Jim Quinn's has penned a good post on the "mother of all bubbles...
  • Housing bubble comparisons - US vs India
    Rediff.com has an article bankbazaar.com on the reasons why the US housing bubble went bust. At the end of the article there is a paragraph ...

Categories

  • "bubble diagnostics"
  • "fortune tellers"
  • "investor activism"
  • "Santa Cruz"
  • 2G scam
  • a
  • Ahmedabad
  • alibaug
  • Ambani
  • asbestos
  • bad loans
  • Bangalore
  • banking
  • bankruptcy
  • base price
  • bear market
  • BJP
  • black money
  • bollywood
  • BRICS
  • brokers
  • bubble
  • budget
  • budget 2012
  • builders
  • bust
  • chandigarh
  • Che
  • chennai
  • Chidambarm
  • china
  • Cialdini
  • classifieds
  • Commercial RE
  • common sense
  • Congress
  • consumer protection
  • corruption
  • credit infusion
  • criminal
  • crisis
  • deals
  • debt
  • default
  • Delhi-NCR
  • diagnostics
  • discount
  • DLF
  • documentary
  • dubai
  • economy
  • EMI
  • Europe
  • exodus
  • exurbs
  • f
  • fire-safety
  • fire-sale
  • floods
  • FMP
  • foreclosure
  • fraud
  • fsi
  • Goa
  • goldman sachs
  • group purchases
  • GST road
  • guidance
  • gujarat
  • gulf
  • h-1b
  • Haridwar
  • hinjewadi
  • HNI
  • housing crash
  • hyderabad
  • hyderabjaipur
  • i
  • idiot
  • indiastockmarketbubble
  • inflation
  • Influence
  • infosys
  • interest
  • interest rates
  • investments.
  • investors
  • ipl
  • IPO
  • italy
  • jaipur
  • kbc
  • kerala
  • kochi
  • kolkata
  • land
  • layoffs
  • legal
  • Lehman
  • leverage
  • loans
  • lobby
  • London
  • luxury homes
  • maha-mumbai
  • malls
  • mantri
  • Maraimalai Nagar
  • marathi
  • marketing
  • Maytas
  • mba
  • media
  • Media; Times Group;
  • morons
  • mumbai
  • Mysore
  • nagpur
  • nashik
  • navi mumbai
  • New York
  • NRI
  • paid news
  • PE
  • pending approval
  • politicians
  • poll
  • property
  • protest
  • prudent investing
  • psu
  • pune
  • raids
  • RBI
  • realtors
  • realty funds
  • recession
  • redevelopment
  • regulator
  • repossession
  • Residential RE
  • retail
  • Rishikesh
  • Rupee
  • Russian Mafia
  • saneprice.com
  • scam
  • sea-link
  • Sensex
  • sez
  • shops
  • singapore
  • skywalk
  • slowdown
  • speculation
  • sra
  • srk
  • stocks
  • stone
  • subprime
  • suckers
  • taxes
  • tdr
  • telangana
  • terrorist attacks
  • theft
  • tides
  • touts
  • townships
  • trumpet
  • twitter
  • ULCA
  • unemployment
  • Unitech
  • unscruplous builders
  • unscrupulous builders
  • USA
  • value
  • vastu
  • Vizag
  • wikileaks
  • yale
  • zoning

Blog Archive

  • ►  2013 (11)
    • ►  September (2)
    • ►  August (1)
    • ►  June (2)
    • ►  April (2)
    • ►  March (1)
    • ►  February (1)
    • ►  January (2)
  • ►  2012 (34)
    • ►  December (1)
    • ►  November (2)
    • ►  October (4)
    • ►  September (1)
    • ►  August (1)
    • ►  July (3)
    • ►  June (4)
    • ►  May (2)
    • ►  April (2)
    • ►  March (3)
    • ►  February (6)
    • ►  January (5)
  • ►  2011 (49)
    • ►  December (6)
    • ►  November (7)
    • ►  October (3)
    • ►  September (2)
    • ►  August (2)
    • ►  July (2)
    • ►  June (5)
    • ►  May (4)
    • ►  April (5)
    • ►  March (5)
    • ►  February (3)
    • ►  January (5)
  • ►  2010 (95)
    • ►  December (1)
    • ►  November (7)
    • ►  October (6)
    • ►  September (6)
    • ►  August (4)
    • ►  July (7)
    • ►  June (8)
    • ►  May (10)
    • ►  April (9)
    • ►  March (16)
    • ►  February (9)
    • ►  January (12)
  • ►  2009 (160)
    • ►  December (12)
    • ►  November (9)
    • ►  October (11)
    • ►  September (10)
    • ►  August (13)
    • ►  July (10)
    • ►  June (13)
    • ►  May (10)
    • ►  April (13)
    • ►  March (18)
    • ►  February (21)
    • ►  January (20)
  • ▼  2008 (142)
    • ►  December (10)
    • ►  November (13)
    • ►  October (19)
    • ►  September (5)
    • ►  August (11)
    • ►  July (11)
    • ►  June (9)
    • ►  May (18)
    • ►  April (11)
    • ►  March (8)
    • ►  February (14)
    • ▼  January (13)
      • Loan rates cut . Expect more cuts in the near future
      • GST in chennai is the new destination
      • Insane housing prices in Mumbai
      • Township craze in Chennai
      • Bangalore builders set to ruin Chennai outskirts
      • Congress blames SEZ lobby for Goa crisis
      • Economic times turns to Astrologers to predict the...
      • Record Slum TDR Rate in Mumbai
      • Property boom not yet over
      • Infosys acquires land for second campus in B'lore
      • Selling a luxury home isn't about the space, it is...
      • Interest rates likely to fall in coming weeks
      • Rents hit the roof in Hyderabad
  • ►  2007 (8)
    • ►  December (8)
Powered by Blogger.

About Me

Unknown
View my complete profile