{"id":10,"date":"2009-02-23T09:23:00","date_gmt":"2009-02-23T03:53:00","guid":{"rendered":"http:\/\/apartmentadda.com\/wordpress\/?p=10"},"modified":"2018-11-18T13:47:05","modified_gmt":"2018-11-18T13:47:05","slug":"bangalore-real-estate-prices-finally-dropping","status":"publish","type":"post","link":"https:\/\/adda.io\/blog\/2009\/02\/bangalore-real-estate-prices-finally-dropping\/","title":{"rendered":"Bangalore Real Estate prices &#8211; finally dropping"},"content":{"rendered":"<p><span style=\"font-family: verdana; font-size: 85%;\"><a href=\"http:\/\/1.bp.blogspot.com\/_PmvAPQCrBp4\/SaIW3pK-GYI\/AAAAAAAAAa0\/86a-yM8hs8M\/s1600-h\/images.jpg\" data-rel=\"penci-gallery-image-content\"  target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" id=\"BLOGGER_PHOTO_ID_5305828456196348290\" style=\"margin: 0pt 10px 10px 0pt; float: left; cursor: pointer; width: 110px; height: 123px;\" src=\"http:\/\/1.bp.blogspot.com\/_PmvAPQCrBp4\/SaIW3pK-GYI\/AAAAAAAAAa0\/86a-yM8hs8M\/s320\/images.jpg\" alt=\"\" border=\"0\" \/><\/a><\/span><span style=\"font-size: 85%;\">Finally some good news if you are in the home buying market! After a few months of stagnation the real estate market has started seeing activity. In the past few years with the economy booming, Apartment prices in Bangalore had reached the stratosphere. Now as a fallout of the global recession and ease in demand &#8211; prices are returning slowly down to earth.<br \/>\n<\/span><iframe loading=\"lazy\" style=\"border: none;\" src=\"\/\/rcm-na.amazon-adsystem.com\/e\/cm?o=1&amp;p=12&amp;l=ez&amp;f=ifr&amp;linkID=aceb5f21cd8d11941ae3ed04b93070c5&amp;t=amazon0cc7a-20&amp;tracking_id=amazon0cc7a-20\" width=\"300\" height=\"250\" frameborder=\"0\" marginwidth=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<div style=\"font-family: verdana;\"><span style=\"font-size: 85%;\">\u00a0<\/span><\/div>\n<div style=\"font-family: verdana;\"><span style=\"font-size: 85%;\">Things are looking up for a new home buyer because of the following reasons.<br \/>\n<\/span><\/div>\n<div style=\"font-family: verdana;\">\n<div>\n<ul>\n<li><span style=\"font-size: 85%;\"><span style=\"font-size: 85%;\">Builders like <a href=\"https:\/\/www.dlf.in\/\" target=\"_blank\" rel=\"noopener\">DLF<\/a>, <a href=\"http:\/\/www.sobha.com\/\" target=\"_blank\" rel=\"noopener\">Sobha<\/a> have slashed their prices by approx. 30% in select locations of Bangalore. This will have a cascading effect and may see all around price reduction. Buyers in the market for a 2BHK can now consider buying a 3BHK apartment.<\/span><\/span><\/li>\n<li><span style=\"font-size: 85%;\">Government has cut the stamp duty to 6% from 8.48%. This will result in a saving of <\/span><span style=\"font-size: 85%;\">upto 80,000Rs <\/span><span style=\"font-size: 85%;\"><span style=\"font-size: 85%;\">on a 50 Lakh house.<\/span><\/span><\/li>\n<li><span style=\"font-size: 85%;\"><span style=\"font-size: 85%;\">Home loan rates are also sliding down and the market is expecting further rate cuts. Most Public Sector Banks are providing home loan rates in the vicinity of 9.00% for a 20 Lakh loan.<\/span><\/span><\/li>\n<li><span style=\"font-size: 85%;\">Prices of construction materials have decreased in the last one year.<\/span> <span style=\"font-size: 85%;\"><br \/>\nCement price has reduced by 7%<br \/>\nBrick price has reduced by 20%<br \/>\nGravel price has reduced by 20%<br \/>\nSand price has reduced by 27%<br \/>\nGlass price has reduced by 12.5%<br \/>\nPlywood has reduced by 10%<\/span><\/li>\n<\/ul>\n<div><span style=\"font-size: 85%;\">\u00a0<\/span><\/div>\n<div><span style=\"font-size: 85%;\">Now the question on every one&#8217;s mind is will the rates go down further, or has it reached the bottom. However, it is time to pack a water bottle, wear a cap and go visit the Apartments and start looking for a good deal.<br \/>\n<\/span><\/div>\n<div><span style=\"font-size: 85%;\">\u00a0<\/span><\/div>\n<div>\n<iframe loading=\"lazy\" src=\"\/\/rcm-na.amazon-adsystem.com\/e\/cm?o=1&#038;p=13&#038;l=ez&#038;f=ifr&#038;linkID=fb79db5f781c532edbb47336e5f03e8a&#038;t=amazon0cc7a-20&#038;tracking_id=amazon0cc7a-20\" width=\"468\" height=\"60\" scrolling=\"no\" border=\"0\" marginwidth=\"0\" style=\"border:none;\" frameborder=\"0\"><\/iframe><br \/>\n<span style=\"font-size: 85%;\">It is the Buyer&#8217;s market in real estate now !<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>On a lighter note, this somehow reminds us the starting line of this 1971 Coca-cola TV <a href=\"http:\/\/www.youtube.com\/watch?v=6mOEU87SBTU\" target=\"_blank\" rel=\"noopener\">commercial<\/a>: &#8220;I&#8217;d like to buy the world a home, and furnish it with love&#8230; &#8221; \ud83d\ude42<\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<div><span class=\"Apple-style-span\" style=\"font-size: 13;\">\u00a0<\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-size: 13;\">\u00a0<\/span><\/div>\n<div><span style=\"font-size: 85%;\">\u00a0<\/span><\/div>\n<div style=\"font-style: italic;\"><span style=\"font-size: 85%;\"><br \/>\nSources : Times of India, Indian Express, BBMP website.<\/span><\/div>\n<div><span style=\"font-style: italic; font-size: 85%;\"><br \/>\nDisclaimer : While Apartment Adda makes every effort to provide up-to-date factual information, readers are encouraged to take decision based on further market information catering to their specific requirements.<\/span><span style=\"font-size: 85%;\"><br \/>\n<\/span><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Finally some good news if you are in the home buying market! After a few months of stagnation the real estate market has started seeing activity. In the past few&hellip;<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[141],"tags":[172,177,178],"class_list":["post-10","post","type-post","status-publish","format-standard","hentry","category-adda-buzz","tag-bangalore","tag-real-estate-industry","tag-real-estate-price"],"_links":{"self":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/10","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/comments?post=10"}],"version-history":[{"count":3,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/10\/revisions"}],"predecessor-version":[{"id":9100,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/posts\/10\/revisions\/9100"}],"wp:attachment":[{"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/media?parent=10"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/categories?post=10"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adda.io\/blog\/wp-json\/wp\/v2\/tags?post=10"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}