South Indian real estate in better position than the rest: Experts
Right pricing and small ticket sizes seem to have placed South Indian real estate in a much better place than real estate players in Mumbai and Delhi.
Bangalore and Chennai seem to get their property strategy right. When most developers in India are battling high interest rates, sluggish sales, delays in new launches and a funding crunch, analysts are upbeat about the real estate in South India.
In Mumbai and Delhi, despite sluggish sales, realty prices have been going up due to speculation. But situation is somewhat different in Bangalore or Chennai due to availability of value homes as there is no speculative pricing in Southern India.
Realty experts state that people in Bangalore invest in property for their own use. So even if sales volumes decline, inventory remains stable, unlike Mumbai or Delhi where speculation results in investors unburdening their stock in the market.
Even overseas investors are finding the South Indian market lucrative and finding investments in Bangalore a good bet.
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