Rising Rupee will Correct Bangalore Residential Real Estate

Dirty and Polluted Bangalore will see an en end to increasing Real Estate prices. I have said this in the past [Search or Go Through the Archives] and I will will say this again - Property prices are exuberant and the correction which was very very essential has just begun.

You have to think outside the box.

• RBI restricted credit to cool down the housing market. Raised Interest Rates on Home Loans.
  
• IT companies in India as famously known as Slave Traders have lost their advantage of differential currency. They are now on a hiring FREEZE or JIT [Just in Time] Hiring. If you write managed code then you know about JIT compilers :-)
• IT companies won't give that liberal hike this year. It will be highly restricted.

In a way of speaking, the consumers of Real Estate Developers are choked. Bangalore is just not about IT Pros, Political Mafia and Corrupt Bureaucrats, it also has School Teachers, PSU and Defence sector Employees, Bankers etc who all have moderate to low income.

More than Bangalore, you will see big corrections in places like Sonepat near Delhi where prices had run up on pure speculation.