Rising costs limit builders’ ability to act on RBI Governor’s call to lower prices

The real estate sector across India is witnessing an inquisitive paradox. Builders and promoters are facing a pile-up of inventory and are under pressure to lower prices – most newly from RBI Governor Raghuram Rajan. But they find themselves unable to lower prices even to in centivize sales because of high construction costs arising from liquidity issues, and delays in obtaining approvals.

Most of the developers are running high debt, and servicing that is eating into their wafer-thin margins. I don’t think there is any room to cut prices further.

The call to developers to lower prices came in the context of a turn down in housing demand in the recent months. A survey for July-December 2015 put the unsold inventory across India at about seven lakhs housing units. The survey covered Bengaluru, Mumbai, NCR, Pune, Chennai, Hyderabad, Kolkata, and Ahmedabad.

The market is a fraction of what it was in the finest of times. In the residential segment, launches and absorption failed to impress, although there has been a marginal increase in transactions.

Prestige Group has announced the launch of a pre-launch property on the Bannerghatta Road and is known as Prestige Elysian.

Prestige Group New Property - Prestige Elysian

Prestige Elysian Bangalore

Prestige Elysian is brand new creation by the reputed real estate builder Prestige Group. The expert architectonics in this venture is being finished by using the latest technologies and henceforth, is thought to be the most splendid deliver offering total delight to every single occupant. The development of Prestige Elysian Bangalore is generally spread past wide 12 acres of land of land having most beguiling greeneries that is altogether spread all through till your eyes can reach. The venture is strategically placed in Kalena Agrahara, Bannerghatta Road, Bangalore and appreciates closeness to all social offices.

Sizes & Prices of Prestige Elysian

1 Bedroom-650 sq ft Carpet
2 Bedroom- 1164 sq ft Carpet
2 Bedroom- 1256 sq ft Carpet
3 Bedroom- 1468 sq ft Carpet
3 Bedroom- 1847 sq ft Carpet
4 Bedroom- 2465 sq ft Carpet

Price- 1 Bedroom starting from 42 LAKH onwards*

Car Parking- 1 Bedroom & 2 Bedroom – 1 parking,     3 Bedroom – 2 parking

For more details about the project visit : http://www.prestigeelysianbangalore.in/contactus.html or call +91 8553159202

Property in Bangalore

Investment in real estate of Garden City?

Experts have different opinions on this. While some call it a pensioner’s paradise as the city has transformed into a major cosmopolitan centre with all basic-modern amenities, there are many who differ. This group believes that the quick urbanization is gradually eating up the green cover also.
“Traditionally, Bengaluru has been considered as a pensioner’s paradise and the instant thoughts that would be associated with this saying are huge gardens, lakes, parks, cultural centers which are all intact with an enhanced maintenance and newer legislation enacted to protect these landmarks. Bengaluru West has by now established itself as a robust investment destination with its state-of-the-art soft and hard infrastructure consisting of all the aforementioned elements,” Ladak said.
However, Cushman and Wake field and JLL vary with Ladak’s views. “Bengaluru used to be a excellent retirement city overall, but those days are past. With the steady erosion of its green cover, even the tag of Garden City will soon stop making much sense. That said, there are still locations which are pretty supportive of the special needs of senior citizens. The best locations for retired people are near the airport in Devanahalli, Sarjapur and Attibele in the south, Kanakapura and Mysore Road. These areas are still comparatively peaceful, connectivity is first-class and there is first-rate availability of social infrastructure such as hospitals,” Juggy Marwaha, Managing Director – South, JLL India, opined.

Investment in Bangalore

From an investment point of view, experts advocate Bengaluru as a stable realty market for serious investors. For investors looking for less volatile market with long term horizon, Bangalore provides an attractive investment option. There have been investor interests for capital appreciation as well, especially in certain sub markets of Bangalore.

Prestige Elysian is a new pre-launch on the Bannerghatta Road and consists of 1, 2, 2.5, 3, 4 BHK apartments. This project will be a good investment idea in Bangalore.

for refer blog link : Bangalore Property

Property at Bannerghatta Road Bangalore

Best Projects in Bannerghatta Road | South Bangalore

Bangalore is growing enormously including every corner to its stake. Bannerghatta is one such addition. Once upon a time it was just being an out skirt of the South Bangalore and now it’s one of the leading localities in the Bangalore City. Architecturally expanding and emerging quickly on the either side of Bannerghatta road is the proof for its major position. Bannerghatta road which is generally known as BG road was primarily named as Anekal road. Located on the State Highway 47 it expanses up to the distance of 49 km and have the foremost deviations initiating form Hosur road towards Bannerghatta.

Best project pre launch offers

Some of the biggest projects Available on the Bannerghatta Road by The Reputed Builders:

• Prestige Song of the South
• Prestige Notting Hill
• Purva The Sound Of Water
• Hiranandani Queensgate
• Nitesh Hyde Park
• Mantri Pinnacle
• Salarpuria Sattva Clarinet
• Salarpuria Sattva Casa Irene
• Mahindra Windchimes
• Hiranandani Edenhall etc..,

Prestige Group has announced the launch of a wonderfully designed new pre-launch project called as Prestige Elysian. This project is located in one of the best parts of Bangalore called Bannerghatta Road.

For refer blog link: Property on Bannerghatta Road