According to industry experts Bengaluru’s real estate exhibited great resilience during the lockdown period. Records show that the city led the way with the maximum number of units launched during the ‘unlock period’ compared to Mumbai, Hyderabad, Chennai and Kolkata in Q2 2020 with a share recorded at 49% of the total new launches.
Bengaluru led the way with the maximum number of units launched compared to Mumbai, Hyderabad, Chennai and Kolkata in Q2 2020 with a share recorded at 49% of the total new launches. The Confederation of Real Estate Developers Association of India (CREDAI), Bengaluru, says the demand for residential in the affordable segment is picking up with serious buyers venturing out. While other cities are looking at discounts on real estate prices, Bengaluru has not seen any price reduction in any segment. “In fact developers are looking at 15 to 20 per cent hike in the next two quarters owing to input costs and labour shortage,” says Suresh Hari, Chairman, CREDAI Bengaluru, who spoke to Property Plus on the larger real estate scene in the city.
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