Is this the right time to buy a property? Yes, taking into consideration the prevailing market prices which is due to dipping sales and rising inventory. We are into the festive season where the developers are offering freebies and goodies on buying an apartment, from cash back offers to modular kitchens, payment holidays for new launches, et al.
Interest rates are on a downslide. If you are planning to buy a property purely for investment, then the best option would be plotted development towards Devanahalli in Bangalore which is in close proximity to the international airport. Plots are available here for as low as 21 lakhs for a 30X40 plot. With major developers like Prestige, Brigade, etc., commanding the premium segment plots and United Sustainable Development, Sammruddhi Realty, North East Properties offering affordable plots.
On the other hand, if you’re planning to buy a property for purely investment purpose, projects that offer value for money that give a good return on investment are the best bet. Ready to move in properties/ re-sale properties are best for those who want to shift to their new house rather than staying in a rented accomodation, and long-term investors can invest in pre-launch properties because they come at reasonable prices and offer good returns. The happening areas are North and East Bangalore, where you can see a reasonable appreciation in prices.