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Properties on the city outskirts witnesses high appreciation

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As per to the sources saying @ the www.propertykhazana.com, Bangalore’s housing leasing in central places for mid-range lands for 2nd financial quarter of 2008 has witnessed top values. Appreciation is up by 8-10% in the 2nd quarter and the chief cause endorsed for this spiky movement is shortage of new ventures by leading developers. Leasing of average lands with price tags ranging between Rs. 20,000-40,000 situated in Eastern and South and Southeastern parts of the city have been dropped by 11% and 4% respectively. The surplus cater of all rating of developments, facade of newer housing locations and surprisingly the interest is now focused towards North Bangalore which has effected the Eastern and Southern markets majorly.
Besides Whitefield, Sarjapura Road, Outer Ring Road and Bannerghatta Road have a large quantity of accessible and potential housing developments of a range of ratings leading to surplus supply. Forthcoming quarter is not expected to see any improvements in either capital or rental values in Bangalore’s realty particularly in the housing segment. The present economic situation and the uneven stock market condition have altered the viewpoint for investment inclination in this segment. Principal Price likely to slowdown across the localities in the coming months, but are predicted to fail in Whitefield, Sarjapur Road, ORR and Bannerghatta Road. For more updates on Bangalore realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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