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Hike in Prices of Bangalore Residential Properties

Hike in Prices of Bangalore Residential Properties The capital market for properties in Bangalore has gained momentum within the first quarter of 2013. Seeing the way the demand for real estate is intensifying, the prices are multiplying like never before. As per the market analysis, the capital rates can see a swelling of 10-100% in the coming months. This shall definitely go in favor of the investors (both local and NRIs), and the government authorities. With the demand treading an upswing road, the city is going to see a plentiful of new registrations. And with these, the government is all slated to rake in mullahs: the estimated revenue collected from stamp duty, cess, and other taxes is estimated to garner about 6500 crores!.

With the implementation of the new guidance values, the prices of Bangalore real estate are expected to shoot up. This has worried builders and buyers equally well. With the new guidance rules, the prices of houses and villas have already escalated in several localities like Sarjapur and K R Puram. This has directly effected the number of sales. The purchases in such areas have dwindled. As per market analysis, there has been a hike of about 20% …