Bangalore real estate favourable than others: Prestige Estates
Bangalore real estate is presenting a different picture than most of the other cities in India.
An example at hand, Bangalore-based realty firm Prestige Estates Projects Ltd, has robust home sales and office space leasing looking to surpass its own forecast for fiscal 2012. It also has a strong pipeline of launches. This is at a time when developers elsewhere in India are battling sluggish sales and not looking to launch many projects.
According to Prestige chairman and managing director Irfan Razack, in a market like Mumbai, property prices rise as soon as there are sales and then they breach the affordability line. Whereas in case of Bangalore, there is no speculative pricing and prices are realistic.
He added that developers are not after super profit in Bangalore. If pricing is right and ticket sizes are small, and the rate per sq. ft. is much more affordable, Bangalore is a great investment option for property buyers. He maintained that the quality of construction in projects and the open space and amenities provided are also superior to other realty markets.
Bangalore Real Estate, Home sales, House sales, Indian real estate, Indian realty market, Prestige Estates, Prestige Estates Projects, Prestige Estates Projects Ltd, pricing of projects, Real Estate in Bangalore, Real estate in India, Real Estate India, Realty News
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