I feel it is a good time to buy a property in Bangalore if at all you are investing in the growing corridors. Home buyers are mainly investing in the north between Yelahanka and Doddaballapur Road, for they hold the highest prospect of appreciation. Bangalore’s real estate is truly real.
Properties available with 20 kms radius from the core part of Bangalore, the average price per sqft going on for luxury Rs. 7,000 sq ft, for mid segment it is Rs. 4,500 sq ft and Rs. 3,500 sq ft for affordable housing. While in the central business district it varies between Rs. 15,000 per sq ft and Rs. 25,000 per sq ft
It seems last week, the construction cost increased and labor charges increased by 20percent. According to CREDAI, last year, Bangalore real estate market saw sales of over 45,000 units and this fiscal sales it is going to increase by 25-30 per cent.