There are few new launches and there are approximately over 1,00,000 unsold apartments which are either in the final stages of completion or completed and ready for occupation.
Whereas, there are more than few thousand B Katha illegal and irregular apartments available for sale at half the price of the regular properties with Occupancy Certificates.
Bangalore is leading in the new launches and the market is quite stable from Dec 2017 and might be in the same status for another few months. A further slowdown or price stabilisation is expected before and after 2019 elections.
The number of documents registered in Bangalore is 30% lesser but the revenue or stamp duty from the registrations has gone up by 30%. It clearly shows the effects of 1). Demonetisation, 2). RERA Act and 3). Benami Transaction Act.
The real estate market is flooded with lots of OFFERS and it is the right time to choose the best at the best price.