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Real Estate Forum on Bangalore Real Estate News

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Q: One of my friend wanted to take home loan but this loan got rejected because of less credit score. Please explain what is credit score and what are the basis of credit score.
Latest Answer: Credit score is basically three digit number which the credit agencies like CIBIL,CRISIL provides you on the basis of your credit worthiness. To improve your credit score you can either take a loan or a credit card.Taking credit is feasible option as you get extra credit for your purchases,you take credit from any of good banks they provide you extra facilities like reward points, liquid cash for transactions,waivers.These reward points and transactions you can check in bank statement.Good credit score should be above 750.
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Q: I heard that there was water logging in Whitefield in one of the gated community. Can anyone throw some light on this news?
Latest Answer: Any idea why the water is getting logged in this apartment because it is from on of the reputed builder? Did the residents complaint about it to BBMP?
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Q: Can you throw some light on the news that was flashed recently?
Latest Answer: Embassy Group and Sobha Developers shelled out over Rs. 1,500 in what can be termed as one of the biggest real estate deals in the country. Embassy Group and its joint venture partner, private equity firm Blackstone, acquired 60 per cent stake in a 106-acre business park for Rs. 1,200 crore. Sobha Developers shelled out Rs. 327 crore for 50% stake in Puravankara’s property in Kerala. Embassy Tech Village, is spread over 106 acres on the Outer Ring Road in Bangalore. It is planned as an integrated project with commercial components as well as retail and residential spaces.
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Q: i know that the demand for premium segment has seen a healthy growth but i want to know about the demand for mid segment housing in Bangalore
Latest Answer: I feel South and West is also doing good in terms of mid housing segment. You can check these localities as well.
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Q: Who are going to take care of the fraud developers in the real estate market?
Latest Answer: Instances have also been reported where certain developers use fake or duplicate copies of the documents of the buyers and use them for profit value. In few cases, the value of the transaction is also changed.
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