To me it because no their is infrastructure just the city got expanded like anything people from all over India started migrating to an unknow place and locals wanted to make the good what ever it was avilable so allthis prices went up. Later people started realsing that what ever they thought it was not up to their expetations. Just imagine investing around 1 crore and still we suffer for basic amentities then why the hell the people will come here. The other reason is no stable govt and gowdaws ransacked the city most of the property belongs to this people. Very bad roads not even improved a little when are you going to rslove the peoples problem.
RE:Bangalore real estate bubble has burst.
by friend friend on Dec 16, 2007 07:15 PM Permalink
bilkul correct..guys just stop buying the flats for 1 more year..these builder will sell it for 1200 sqft in blore..we people should avoid mad rush..In all scenarios..remember there are only few customers who actually make profits by any increase ( may be real estate or stock prices). the Big companies & builders are always safe..while a major chunk of crowd always suffers..so guys just chill..& wait..the bubble is due to burst..like dotcoms & many others..
