Last 4 Years Bangalore Property Price Vs Sales - Analysis

We would like to share with our readers Home / Apartment Prices Vs Sales in Bangalore in the last 4 years 2007 to 2011. Doesn't include Luxury Apartments. The Average ones that are being sold for the Middle Class is the focus of our study.

In the Chart Below
Maroon Line - Average Property / Apartment Price / SFT LHS
Blue Line - Sales in Mn SFT / RHS
As evident from the Graph above, Bangaloreans / Bengalurueans made their Home Purchases in-line with the Rising Property Prices. Except in Q2/Q3 2009 when the property prices bottomed out, over 7.5 Mn SFT of apartments were absorbed and now when the prices have hit an all time High of Rs 3300 / SFT, Sales has also shot up. The herd mentality of Software Engineers ;-)