Distress Property for Sale in Bangalore - Tracker thread

[pyaretaj]

Well...well...who said that there will be carnage in RE? Unless and until India goes for a swing with Recession, there will be no drop in deman for real estate in Bangalore. The city has been growing and there is huge demand for plots and ready made houses still, as the Rupee has taken a hit and financial flows from NRIs is on increase. Bangaloreans have lived and have been living in independent homes since ages. They still opt to own lands and construct homes. Its only these developers and builders who have constructed enormous apartments with a lust to attract buyers from other Indian states and to bring in investors. As it has been predicted since many years, there will always be more supply than demand for apartments. Independent land values have never fallen, inspite of mayhem created since 2008 recession. Yes, there could be a slow growth in RE or sideways movement in property prices. But there will be no carnage as such and preferably all properties in vital locations will and shall remain in demand. Only apartment prices might see some decline, for which, no majority of localites would opt for. Just go and visit BDA locaties in formation on the suburbs of Bangalore city and also see localities that have already been developed and sold out such as HBR layout, HRBR layout, etc. People are daily roaming these areas with ready cash to find a suitable seller for genuine property located with amenities around. People are willing to shell out blindly and more inflow of funds from NRIs is attracting property sellers. Our economy has taken a hit and our GDP growth is on doldrums. Yet, if your compare the per-capita income of an individual in present scenario, its far more outstanding in comparison to where we were a decade ago. People are finding and possessing ample funds for consumption these days and corporates and industrial sector shall prosper in coming years. People are smart and are saving to the best and investing more in properties as this sector has given more ample returns in comparison to gold and Equities.

So, do not expect any steep in RE prices in coming months or years. People are losing faith in stock market and also in gold due to their steep collapse recently. Yet, RE has florished and has been a dream for investors and planners for years. As said, the price of RE might either go sideways or head northwards while onlookers like you would just wait and loose everything, only to repent one fine day. Mind it.

[santosh_vp]

Prices in RE in India can fall only if the black money curbing becomes reality. The safe heaven for holding and investing the black money is real estate and unfortunatly there are not much reforms are happening around this. Second thing is unlike other cities like Noida, Delhi, Mumbai etc.. bangalore considered to mostly end user driven market. So RE prices are quite stable in bangalore and chennai relatively. It's true that the RE prices have grown substantially in the last 5 years in a slow growing economic situation, so donot expect any rapid growth for some time. For the next one year expection is growth will be low, inflation will be high, borrowing cost continues to be high squeezing the investable surplus of middle class. So go ahead and hunt your property. You have enough time to find one.!!!

[rockstar2524]

Well said @pyaretaj

[VickyKr]

The Distress Property Group is now getting traction, we now have a number of properties (direct from owners) listed in xxxxxxxxxxxxxxxxxxxxxx EDITED BY ADMIN

Check it out. Agents/Brokers not allowed.

XXXXXXXXXXXXXXXXXXXX EDITED BY ADMIN

[namburi]

Hi VickyKr
We don't see any necessity for a separate group in facebook. This forum runs on a open concept and leave every topic for public discussion.How can some say its distress sale.I can post a property saying distress who is going to say that its below market rate.95% of the buyers are not well knowledge about market trends and rates.This is the only reason people come to forum to gain knowledge and debate on it.
We are not against to your idea but it contradicts our ideology and policy "give and take"

Re editing the admin comment is right way to express your thoughts ,you could have replied to the admin notes.We kept your membership in moderation.You are free to share any kind of real estate knowledge as usual.

Regards
ADMIN