While real estate prices in the volatile Mumbai and the New Delhi are experiencing a sharp decline, Bangalore’s property prices, however, remain unfazed.

Being an end-user market, property prices in the past have not corrected beyond 10-15%, even during the major economic crisis in 2009.

“Mumbai and Delhi are investors’ markets. There is a lot of speculation, hence investors tend to offload their stock in the market,” said KS Girish, local director, Jones Lang LaSalle India.

This, in turn, leads to a sudden burst of unsold inventory, as a result of which developers have to offer their products at more attractive prices to rejuvenate sales, as is being witnessed of late.

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Tags: Bangalore property, Bangalore real estate, Delhi, Mumbai, real estate prices

This entry was posted on Wednesday, January 4th, 2012 and is filed under Property in Bangalore. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.