Realty prices slump in BangaloreRealty prices slump in Bangalore
Apnaloan.com Research Bureau
26 Mar 2008
Realty prices in Bangalore have finally cooled down after having being at a high for almost four years.
Sources from Colliers International, real estate consultants' firm, have said that there has been no upward movement of prices in the central business district for the last four to five months.
An official from a real-estate solutions company, Habitat Ventures says that the realty prices have been 'flat' since the last few months. Real estate prices in some localities have even witnessed a 'sharp' fall. Among the areas affected by the slump are "some peripheral areas and also to some extent the premium or super luxury residential segment".