Bangalore was the only city which had stable price in the realty sector over few years, inspite of weakening or soaring prices across the country and the heat is now on Bangalore too !!!
The inventory or the stock of unsold apartments is around 1,50,000 and many resale apartments (both legal and illegal) are doing rounds in the city`s real estate market.
There is large scale of duping, misrepresentation, lies about the projects and the touts, brokers, marketing agencies and internet websites and portals are projecting the wrong sales figures and prices.
There are internet touts, who form groups on the net about some developer project and praise the developer and their project to market it and there are some different type of internet users, who log on with different names and post favourable replies and reviews about the projects on the net.