This is probably the right time to buy flats in Bangalore as the property prices these days are quite low. You can even bag a good deal if you possess good bargaining skills this time. However, your purpose of investment matters a lot like if you are purchasing it for investment only, then invest in an area which has the potential to get you rental yields as well as capital appreciation in future. On the other hand, If you are purchasing it for your own use then, try to look out for options in a developed residential area which is in proximity to all civic utilities like schools, hospitals, public transport, etc.
A full-fledged recovery in the residential space is at least 12-18 months away, given the recent liquidity crisis and slower-than-expected sales recovery. Launches have dropped drastically with many under-construction projects getting stalled due to funding issues.
There is a big but though. The elephant in the room is residential real estate, which is telling you not to uncork the bubbly so soon or be so lavish with house-warming party.
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