Bangalore: After witnessing unexpected price hike, property prices in Bangalore seems to have stabilized. The Bangalore real estate market is seeing consistency in sales from the beginning of the current fiscal year. Breaking the real estate bubble, more than 60% of unsold property units have been sold out this year which has changed the present realty scenario of Bangalore to a major extent. New projects launched during the period of April-May have been absorbed by the increasing demand for properties in almost all of the prime locations in Bangalore. The supply now is equalizing the demand thereby stabilizing the prices. Some of the notable locations in Bangalore like Hosur and Bellary though belong to the class of more demand than supply; property prices have significantly remained unaffected. This is a piece of good news to property seekers looking for affordable properties across the city. The regulatory authority of real estate predicts a similar trend for this entire financial trend though the impact of global slowdown may have notable effects over the realty sector of Bangalore.
