Dip in demand for residential property market
A 10 percent fall has been witnessed in this year’s third quarter in residential sector over previous quarter.
Various attributes have contributed to this dip like home loan rates, hike in property prices, doubtful economy, etc.
However, apartment and villas prices more than Rs 3 crore are not affected by the factors. But, the mid segment units are highly affected.
Affordable projects along Whitefield, Sarjapur Road, Outer Ring Road and other areas of North Bangalore are expected to view slight appreciation in prices due to a constant demand by the IT professionals.
Source: The Economic Times
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