Bangalore’s real estate has one of the highest prospects and the analysts say that Bangalore real estate is only second to Mumbai in terms of absorption and supply. With that being told and the city being preferred because of its climate, infrastructure, job creation, human capital, education, and all other aspects, it’s one of the favorite destinations of the young generation.
Bangalore is the IT capital of India. The real estate sector a decade ago sold apartments in crores. One did not get amazed if there was an advertisement promoting an apartment with a free Mercedes Benz a decade ago in the IT capital. But you don’t get to see those advertisements anymore so frequently. The days have changed with the affordable sector housing booming in the last decade.
Indian real estate sector witnessed a challenge both for the builders and the buyers in 2017. First of all, demonetization brought almost a halt in the cash transactions and pushed the digital transactions instead, plummeting the cash component in realty deals drastically.
RERA was certainly aimed at improving accountability and transparency in the sector to enhance buyers’ sentiments and it was indicative that the entire cycle like land purchase, project funding, delivery, and other paraphernalia was anticipated to go through a positive change.
