The worst hit areas in Bangalore are Electronics City and Banerghatta Road. Prices had climbed to Rs 4,000 on Electronics Road and is now quiting at Rs 2,500. Banerghatta Road has seen prices come down from Rs 6,000 to Rs 4,000. Poor infrastructure and absence of planning will be the biggest bottleneck.
Tuesday, March 04, 2008
Bangalore Real Estate has slowed down
Time for some self praise. I used to say in 2007, that a slowdown in Real Estate of Bangalore is inevitable and you can see from the latest Prices [Residential Apartments] released by Cushman & Wakefield here.
The worst hit areas in Bangalore are Electronics City and Banerghatta Road. Prices had climbed to Rs 4,000 on Electronics Road and is now quiting at Rs 2,500. Banerghatta Road has seen prices come down from Rs 6,000 to Rs 4,000. Poor infrastructure and absence of planning will be the biggest bottleneck.
The worst hit areas in Bangalore are Electronics City and Banerghatta Road. Prices had climbed to Rs 4,000 on Electronics Road and is now quiting at Rs 2,500. Banerghatta Road has seen prices come down from Rs 6,000 to Rs 4,000. Poor infrastructure and absence of planning will be the biggest bottleneck.
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