Property Buyers interest on Developed Suburbs
The property buyers are interested keenly in the suburbs in almost all the cities and suburbs that have benefited from infrastructure development. People who are working in cities prefer to invest in real estate in their home towns, since the overall capital investment is lower and much affordable compared to cities. Coimbatore, Tiruchi, Tuticorin and Madurai are all witnessing floating rate in real estate markets. However, rise in home loan rates have not proved negative especially for the first time property buyers in the previous quarter. In Bangalore, the flyover roads are in demand in the areas linked to Mysore Road.
However the residential prices across cities are out of reach for most of the property buyers and the demand in real estate market is shifting to the peripheries. Suburbs on the other hand demands a build up depending on connectivity and infrastructure development of the cities. Mr Ganesh Vasudevan the vice-president of Consim Info Pvt Ltd reported over this issue saying that the reason for high costs in huge cities are intern driving demand towards small towns.
Bangalore, Coimbatore, Flyover, home loan, Infrastructure development, Madurai, Property Buyers, Real estate markets, Residential prices, Tiruchi
