Great demand for apartments priced under Rs 5000 per sqft

Q: I heard somewhere that the apartments priced under Rs 5000 per sqft are in demand. What is the reason?

Eklavya, Bangalore

12th December 2013

Real estate News in Bangalore

apartments in bangalore

properties in bangalore

property buyesr

Follow Discussion

Also see discussions for

Bangalore Real estate News Real estate News in Bangalore

Replies (4)

We have few very good Projects Ultra Luxury and Premium projects in and Around Sanjay Nagar, Cunning Ham Road, Brigade Road, Hebbal, Jakkur, Yelahanka and off Bellary Road and and on Bellary Road. Call Back for best offers... Shariff 9483427861 -

14th December 2013

Comment

As per the National Housing Bank, the quarter to September witnessed a marginal rise in price in 12 cities, while 10 cities suffered from a drop in rates. The National Capital Region witnessed a drop of 4.5% while Bangalore encountered a drop of 1%.

Navneet Gupta, Bangalore

12th December 2013

Comment

In the last one year, 73% of the total sales in the major cities of India belonged to this category. More than 80% of the sales in NCR, 78% in Chennai and 84% in Bangalore were in this segment. Mumbai Metropolitan Region, however, witnessed the lowest number of apartments sold in this category at 42%.

Himanshu Dixit, Bangalore

12th December 2013

Comment

The reason may be that the home buyers are thinking that the property price may increase more so before the prices get hiked they are buying properties. However the property buyers does not know that in the last one year prices have stabilized and even hit the dirt in few areas.

Promit C, Bangalore

12th December 2013

As demand for apartments priced under Rs 5000 per sqft creates a niche for itself in the market. According to key property consultants, in the last one year, 3 out 4 homes sold in major cities like National Capital Region, Mumbai, Chennai,Bangalore and Pune belong to this category.

Navneet Gupta, Bangalore

12th December 2013

Comment

According to me, the developers are offering attractive schemes and discount, buyers feel motivated to purchase in this category. Moreover, drop in prices in the last few quarters has further boosted the buyer’s sentiments. Experts anticipate that prices will again jack up once the elections are over.

Mangal P, Bangalore

12th December 2013

I agree with you Mr Mangal and the loan required in this category is comparatively lower, hence servicing becomes relatively affordable. A majority of buyers in this segment belongs to the working class category

Navneet Gupta, Bangalore

12th December 2013