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Residential Flats In Bangalore
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Real Estate in Bangalore is largely divided into residential and commercial space. It is attractive to note that just as there are takers for commercial space. Residential flats in Bangalore are not coming up in isolation. Most of the real estate developers who are offering residential flats in Bangalore are coming up with gated communities which not only has residential space but also commercial inside the project. This is to ensure that people staying in a community do not need to step out for anything. Hence offerings which consist of residential homes today are clubbed with shopping malls and multiplexes and various other amenities which add value to the project.
Residential flats in Bangalore is facing customers who are well informed and are difficult to delight. What had looked as an enhanced feature in residential flats of Bangalore has become a necessity now. The customers are also aware and demand price slash and discounts on projects irrespective of the name, date of possession and location. The market for residential flats in Bangalore today is hence largely a buyer’s market. The builder's gallery is studded with local and international players who are constantly upgrading their offers and providing attractive schemes to attract customers.
Another key factor which has not only affected the sale of residential flats in Bangalore but throughout India are the slash in interests of the home loans. The low rates have prompted buyers to consider options of taking a housing loan. This has expanded their budget of purchasing a residential flat as well.
The price of a residential apartment in Bangalore is ranging from something around Rs.2,500 to Rs.3,000 per sq ft. All builders have more or less aligned themselves to this price range depending on the features and amenities and the proximity to modes of transport and communication. Whereas on one hand builders are trying to balance between the slashed prices, buyers seem to be in a hurry to book a flat before the prices soar up again.
Price of residential flats in Bangalore is expected to rise up by end of september with the coming of the auspicious season. Hence there is no hankering on the decision to buy. Builders too are ready with approvals and land titles which are the basic necessities in the purchase of flats. With most of the IT and ITES companies housed at the whitefield, sarjapur road, electronic city and banerghatta road areas, the prices of flats and apartments in and around the areas have shot up. With the real estate price on the growth curve, it would be an intelligent move to buy flats in Bangalore in the vicinity of the areas or areas well within reach from these places. With all said, an affordable and yet your dream flats in Bangalore would not be very hard to find. The only things that you should keep in mind are the location, facilities and of course the size of your flats in Bangalore.
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