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State of the Bangalore real Estate Market

State of the Bangalore real Estate Market. Property Buyer’s Summit 25 June 2011. The past 12 years. The scene in 1998 Small number of prominent local developers Large number of small players Generally poor quality and design Poor infrastructure. TODAY.

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State of the Bangalore real Estate Market

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  1. State of the Bangalore real Estate Market Property Buyer’s Summit 25 June 2011

  2. The past 12 years The scene in 1998 Small number of prominent local developers Large number of small players Generally poor quality and design Poor infrastructure

  3. TODAY • Increased number of serious local players • Pan India players • Corporates expanding into real estate • Large number of small players

  4. ISSUES • Aspirations and expectations of clients largely not being met • Poor infrastructure • Lack of good master plans at city and development level • Lack of good contractors • Lack of skilled workers and engineers

  5. CHALLENGES • Land acquisition • Approvals processes • Training and motivation of labour force • Providing a good quality product which is affordable to the customer, especially at the lower end • Concentration on higher end products with higher profits

  6. THE VIEW AHEAD • Caution due to high interest rates, inflation, lack of funding for developers • Positives due to lower prices in Bangalore • New higher end products • Improved infrastructure?? Metro, airport rail link, water supply, etc. • More well planned multi use developments • Demand to remain high??

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