Bangalore is third among the most preferred real estate destinations in India, says a survey by makaan.com, followed by Delhi and Mumbai. Eleven percent is comfortable with Bangalore, whereas 34 and 28 % prefer Delhi and Mumbai respectively.
Also, the property trends in the city have remained more or less unaffected by the negative sentiment in the nationwide real estate industry.
The latest happenings cannot be termed favorable for the sector which is already battling economic problems and lax management by real estate developers. The consumer demand has been slowing down, with many preferring to wait for more suitable time to invest in property.
The above said survey mainly focused on young people, between 26 to 35 years of age, and nearly 5000 people shared their opinions through online.
Moreover, who drives the real estate sector currently are end-users, as only 10 % of the investors are buying properties with a long-term view, the finding clearly reflects the observations that there is an active decline in consumer interest.
A deep analysis on the real estate trends in Bangalore points at popularity of Bangalore South among other areas like Bangalore North, west, east and city central. Almost 34 % prefer south Bangalore.
At the same time, core players in the sector have warned that if inventory levels are not cleared immediately, the following year would see significant drop in prices which might stall the progress of the sector.
Also, the property trends in the city have remained more or less unaffected by the negative sentiment in the nationwide real estate industry.
The latest happenings cannot be termed favorable for the sector which is already battling economic problems and lax management by real estate developers. The consumer demand has been slowing down, with many preferring to wait for more suitable time to invest in property.
The above said survey mainly focused on young people, between 26 to 35 years of age, and nearly 5000 people shared their opinions through online.
Moreover, who drives the real estate sector currently are end-users, as only 10 % of the investors are buying properties with a long-term view, the finding clearly reflects the observations that there is an active decline in consumer interest.
A deep analysis on the real estate trends in Bangalore points at popularity of Bangalore South among other areas like Bangalore North, west, east and city central. Almost 34 % prefer south Bangalore.
At the same time, core players in the sector have warned that if inventory levels are not cleared immediately, the following year would see significant drop in prices which might stall the progress of the sector.
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