With a new stabilize government looking to inculcate some problems of the previous one, and with the bank interest rates falling, Bangalore's real estate infrastructure is looking more positive and good for the buyers and investors than it has been in a while. Property prices have been relatively steady for the past few years also make it quite attractive for the buyers and investors to move forward.
Irshad Ahmed, president, Bangalore Realtors Association - India (BRAI), parroting the same sentiment. He is actively involved in bringing new dimensions of transparency to the real estate infrastructure. However, he says infrastructure needs to be improved significantly and the Metro rail work needs to be speeded up for the better development of the city.
.jpg "Bangalore Real Estate")
Home loan interest rates, which had gone up to 11% and higher are now down to about little more than 10 percent, Bankers expect the trend to continue given that the inflation rate is dropping. Interest rates play a big role in real estate because most buyers take large loans to finance their property purchases.
"Bangalore is more an end-user market rather than conjectural. So it's helping to keep prices stabilize," says Mahmood.
Irshad Ahmed, president, Bangalore Realtors Association - India (BRAI), parroting the same sentiment. He is actively involved in bringing new dimensions of transparency to the real estate infrastructure. However, he says infrastructure needs to be improved significantly and the Metro rail work needs to be speeded up for the better development of the city.
.jpg "Bangalore Real Estate")
"Bangalore is more an end-user market rather than conjectural. So it's helping to keep prices stabilize," says Mahmood.
