I saw this and experienced it just yesterday. In Kasturinagar, I saw a banner saying Flat for sale. I went to see that yesterday morning. It was a third grade construction and no value edition flat. But the owner quoted me 36 lakhs. I thought of just having a look at the whole complex and to my surprise I saw almost 6 flats owned by the same man and he wants dispose them off within next 2 weeks. The reason he tells is I booked it for mine, but now I am tranferred outside Bangalore. Cheap tricks. I hope he does not find any bakaras. I saw some Hindi speaking people staying there (already fell for the super prices). Must have paid some 60 or 65 lakhs. I felt sad for them. Yes, I accept with most of the poeples' observations. I saw at least 120 builders coming up with apartments near to Banaswadi and Outer Ring Road strech from Banaswadi to Hebbal. These poeple's tag line says "Our apartments are at the mouth of Express Highway to Airport". So what? Ghanta advantage to the poeple who want to buy it. And also they tell the customers that if yo buy it now, we give at unbeatable price, tomorrow this price may further go up". So an unfortunate/desperate bunch of customers invest immediately. These builders are purely exploiting the genuine buyers. My message to all my fellow IT croud, please hold your horses till 2009. It is better to pay less rent till that time and stay wherever you are. Otherwise, you invest 10 to 20 lakhs (may be more) for no value addition and regret later.
