Thursday, December 18, 2008

Global slowdown casts a shadow on sale of flats in Bangalore

Real estate development in Bangalore and some of the other important cities of the State such as Mangalore, Mysore and Hubli-Dharwad has been severely hit with hardly any buyers for apartments.
The global meltdown is said to be having a disastrous effect on real estate business in Bangalore, one of the fastest growing cities.
Nearly 50,000 apartments are under construction in Bangalore, of which around 50 per cent were booked when the projects started.
No new projects are expected to be implemented until the market stabilizes.
The focus of builders now is on completing the projects
To read more, please, visit - The Hindu : Front Page

Related News:

Bangalore Real Estate- Grounded by Economic Slump

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