Bangalore realty faired well in 2011!
When whole of the country was witnessing a slump in real estate, Bangalore faired bit well amidst all the chaos.
Inspite of hike in property prices and high interest rates, the garden city performed better than all other metros.
As compared to other metros, residential sales in Bangalore saw a fall of only 7% as against Mumbai’s high fall of 48% and Delhi’s 31% in third quarter of financial year 2011.
Commercial realty also saw a sales of 9 million square feet in 2011.
Rental also went up by 10% in the city.
Source: The Economic Times
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Bangalore, Bangalore realty, Commercial realty, Hike in property prices, Property Prices, Property prices in Bangalore, Rental, Rental in Bangalore, Residential sales in Bangalore
Yes, Bangalore did very well in 2011