Effect of currency decision on real estate

krishnakumar
Posts: 83
Joined: April 25th, 2011, 4:11 pm

Effect of currency decision on real estate

Postby krishnakumar » November 9th, 2016, 1:56 pm

Lots of talks about real estate prices crashing in the near term everywhere. What effect will it have on bangalore real estate prices where lot of buyers are in the salaried class

Mahanu
Posts: 53
Joined: September 22nd, 2014, 5:01 pm

Re: Effect of currency decision on real estate

Postby Mahanu » November 9th, 2016, 4:52 pm

Prices will become reasonable in my opinion.

Sree0909
Posts: 6
Joined: June 26th, 2014, 8:32 am

Re: Effect of currency decision on real estate

Postby Sree0909 » November 10th, 2016, 6:57 am

Speculative investors will stay out for a couple of years. Real end users will drive the market. The existing inventory to clear (which had black component) their prices have to crash, before new launches can happen. Look out for bargains and I'm sure consumer is going to be the king.

viksat82
Posts: 104
Joined: July 6th, 2014, 5:14 pm

Re: Effect of currency decision on real estate

Postby viksat82 » January 31st, 2017, 4:58 pm

Those who were quoting 6000/- per sft are making deal to 3500/- per sft. This is happened in many cases now.
There is proposal to put some policy on property as well. Does any body has information about that?


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