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Slow down still continues for major locations of Karnataka

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The recent days of market has shown a significant mark at the realty growth for many tier II and III cities across the country. Source reported at www.propertykhazana.com reveals that though there is a high demand in the housing loans but the number of realty sell is yet to peak up the pace since a very low profile of sell has been observed in Karnataka against the market expectations after the corrections which are down by nearly 35 percent in Bangalore.
On a short note with www.propertykhazana.com Mumbai based developer Sunil Mantri states that “tier I cities are more competitive in the current market as compared to the others with cheaper rates and spacious locations and the impact is transferring from here to the other tier II and tier III cities of the state. Going through a market study of realty it is been observed that the adjacent city of the silicon valley – Mysore has recorded a down fall with nearly 25 percent to 35 percent where as Mangalore counts the same as per last quarter readings.
It has the almost the same trend for the other tier II and tier III cities like Coimbatore and Kochi which was at down fall of 15 to 25 percent . On a short note with www.propertykhazana.com MD of JLLM – Karun Varma states that “the number of projects on these tier II cities had bee kept on hold due to an existing oversupply of realty products. So a correction is expected in the range of 10 percent to that of 40 percent”.
Source: NBTVLIVE

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