Is it advisable to purchase a flat in bangalore now? Given the forecasted trend of do

Re: Is it advisable to purchase a flat in bangalore now? Given the forecasted trend o

It depends on the location of the flat. The important point to in consider a real estate investment is the location, reputation of the builder and accessibly to facilities and amenities.
Currently the flats are available at a good bargain if you can make a cash payment and discount upto 15-20% are said to be given by builders for buyers who are making cash payment. Since, the interest rates are high , buyers who depend on home loans are waiting on side lines for the interest rates to drops a bit and builders don't have many takers.
So, if you have cash surplus, and a zero in on a completed or very near to completion, project of a reputed builder, it is a good time to buy. Once the interests drops a bit, the property prices will shoot up and builders maybe unwilling to lower their prices.