Resale homes may provide more opportunities for home improvements. Buyers most likely can purchase a larger home for the same money with a resale than with new construction. Buyers often have more room for negotiating the price or terms of sale than with new homes.
Real estate development happens in areas which are connected through well-maintained, wide roads and other civic infrastructure projects which could improve livability of an area.
The major real estate projects like the Metro Rail Extension and Mumbai-Bangalore Industrial Corridor (MBIC) which could impact the real estate scenario in emerging localities. Property buyers are in a position to get good deals this festive season and the vast availability of properties.
According to sources, in last eight months, there has been an increase of 30 to 35 per cent in the resale inventory of multi-storey apartments, row houses and bungalows. The resale property market in Bangalore is getting large
It is because of the investors who invested in Bangalore in the past 8-10 years now want to make profit and invest in smaller affordable units being launched in emerging locales.
As per my knowledge,new projects coming up in emerging localities will have better chances of appreciation than properties in developed localities such as Koramangala and Indira Nagar .