Hi Dev,a good article and i would agree for few points but i have my own perspective " Why one should INVEST in 2014". Here i m only talking about Bangalore realestate.
1) The property prices in Bangalore have not increased from last one year where as construction cost has increased by apox.30%. This is the main reason why I feel post election the property prices in Bangalore will definetly increase.
2) The interest rate for home loan is heighest still i feel it is the Buyers time because
a) The apsorption rate is less so, developers are ready to negotiate and also giving good deals, freebies etc
b) No investor wants to stay in market so an enduser can get a great deal in resale market
c) The elections are by the corner, they are going to happen in mid April to mid May. The campaining for elections starts one year in advance. So if politician had to sell their property , they must have sold it by now. So i dont this this point is valid anyway.
Also, Not today -- not Tommorow one can buy a 50 Lakh apartment from a reputed builder ( Sobha, Purvankara) in a Tier I city. So if you are an enduser with a budget of 50 lakh, I would suggest you to Buy your dream home Now!
According to market, after elections one can expect the RBI to decrese the repo rates
Can you please provide me some of the names of good projects in Begur road with in a budget of say Rs 60 lakhs? Also provide me some feedback about the locality.
Eternity' primarily focuses only on residential projects and its core strength is to provide quality execution. They have six projects in a row which are under construction. Other than that there is not much information available about the builder over the net.
Hey lakshya, The construction work has not yet started as it will take some more time say 7-8 months to get the approvals. That is why they are not taking any booking also. :( :(