Sajith, Bangalore
Q: Hello Friends, I am thinking to buy 2 BHK flat at Gopalan Atlantis. They are Quoting 4250 rupees per sqft. Kindly suggest me is it good to buy flat at this cost at Gopaln Atlantis at this time.

My replies to this discussion
I don't think this price is reasonable because in July/Aug 2012, they were quoted Rs.3300 per sq.ft. Now it is Rs.4500 per sq.ft .i.e in a span of 4-5 months price increased by more than 36%. this price is astonishing. there is no particular reason for this much price hike in this macro economy. What I heard that in 2013, whole market is expecting a slowdown and even if recession happens they can give a good discount from Rs.4500. So please wait and watch and then take a decision. I don't think this price is reasonable because in July/Aug 2012, they were quoted Rs.3300 per sq.ft. Now it is Rs.4500 per sq.ft .i.e in a span of 4-5 months price increased by more than 36%. this price is astonishing. there is no particular reason for this much price hike in this macro economy. What I heard that in 2013, whole market is expecting a slowdown and even if recession happens they can give a good discount from Rs.4500. So please wait and watch and then take a decision.
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