Builders and Sellers are never satisfied with the price they procured for their properties and at the same time nor the Buyers of properties are happy or satisfied with the price of the properties bought. This is a never ending fiasco !!!
But, the prices in the property market in Bangalore is NOT LOOKING UP. But, the builders are increasing the prices and many ignorant buyers or those who are in tearing hurry or those without checking the realty scene are jumping into their bandwagon.
Most of the Pre-Launch projects have not taken off and many top notch or tier one builders have not even submitted the property documents to those who have booked the properties even after 18 months and are launching new projects and many are in the pipeline.
The buyers of properties are under MISCONCEPTION that the BANK LOAN APPROVAL OR PROJECT APPROVAL BY BANKS, means that the property is perfect in every way. IT IS THE WRONG NOTION AND CONCEPT.
Bank loan approval towards a project does not confer any right, title and interest. Majority of the approvals are BOGUS AND FRAUD. Take the recent High Court Order on NOTORIOUS three builders on Begur Main Road, which were launched in 2008 and still languishing in the court halls and the poor buyers or those booked the flats must feel satisfied looking at their `WOULD BE` FLATS IN THE `YOU TUBE`S and from the mouths of the half baked and ill educated marketing guys, who promise heaven on earth.
PRICES ARE NOT GOING UP IN BANGALORE.
OVER 1,60,000 APARTMENTS AND SITES (OTHER THAN BDA/KHB/BMRDA) ARE FOR SALE. NO BUYERS.
DEMAND ALL THE DETAILS ABOUT THE PROJECT, PRICE, LEGALITIES AND TAXES, BEFORE PAYING TOKEN ADVANCE OF EVEN RS.1.