Property buyers waiting for cues
The Union Budget is soon to be out and the propertymarket is looking at the new financial year with hope of renewed buying and selling activity. While developers hope to cash in on this, the buyers are looking cautiously at the trends in the global economy while keeping a firm track on the developments in the domestic economy.
Karun Varma, Managing Director, Bangalore, Jones Lang LaSalle India says the demand for residential property in the city will vary significantly among the city's various micro markets . "The demand has been stable and we see no danger of major fluctuations. An acceptable degree of variation of 5-10 percent would apply. If the upcoming Budget brings with it relief to developers and homebuyers , we definitely expect an upward revision since there is considerable fence-sitting at the moment," he says.
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