Brigade Enterprises has announced the launch of Plumeria at Brigade Meadows in Bangalore. The project offers two and three bedroom-hall-kitchen (BHK) homes.
In India today, fence-sitting buyers are waiting for one of two things to happen - for property prices to come tumbling down, and for home loan interest rates to be brought so low as to become irresistible. Of these two factors, a correction in property prices would definitely be the stronger incentive.
Mumbai has a high residential inventory of 67,000 units, equal to sales of 34 months. While the underlying demand is strong, it is not being converted into transactions due to the high property prices