Sankalp Cherry Blossom Multistorey Apartments Area Range 1095 - 1770 sq.ft., Location Whitefield, Bangalore available with 2BHK Apartments and 3BHK Apartments.
Description:
Want to make life an album pasted with the perfect pictures, when you go down the memory lane, many years from now? Welcome to Sankalp Cherry Blossom, a harmonious haven set in the most sought-after side of Bangalore – Whitefield. It’s a choice of 2/3 BHK homes that come with lifestyle aspects that will delight you and leisure
Amenities:
Party Hall
Garden and Lawns
Power back-up Generator
Disable friendly
Vaastu compliant
Grand Entrance Lobbies
Fully Automatic Lifts
CC TV / Intercom facility
Garden and Lawns
Power back-up Generator
Disable friendly
Vaastu compliant
Grand Entrance Lobbies
Fully Automatic Lifts
CC TV / Intercom facility
Bad news for realtors, hope for buyers
Here is good news for would be home owners. Astronomical prices, the norm in the city now, cannot be sustained for long. International property consultants have predicted this going by falling buy-sell transactions. "We estimate the current unsold inventory of residential property in five major cities at 250 million square feet. The absorption of residential space in key cities has dropped in the last couple of quarters," Lloyd Cardoza, analyst with HDFC Securities, wrote in a note to clients last week.
Here is good news for would be home owners. Astronomical prices, the norm in the city now, cannot be sustained for long. International property consultants have predicted this going by falling buy-sell transactions. "We estimate the current unsold inventory of residential property in five major cities at 250 million square feet. The absorption of residential space in key cities has dropped in the last couple of quarters," Lloyd Cardoza, analyst with HDFC Securities, wrote in a note to clients last week.
"According to our analysis, this is due to seasonal effect and possibly the run-up in residential rates. " Sanjay Dutt, CEO and business head, Jones Lang LaSalle Meghraj, wrote in a note: "There is yet another reason for the concern over a bubble building. All developers who had ventured to buy land overseas or across India are now buying only in their primary cities.
Mumbai developers are concentrating on acquiring land solely in Mumbai, and the same is happening in Gurgaon. "Investments are now chasing these tier one markets - and if this continues, there is certainly the probability of a bubble in residential property by the end of the year." Ambar Maheshwari, Head, Investment Advisory, DTZ International Property Advisers, said residential prices have gone to levels that are unsustainable.
"Bulk level housing and commercial projects that were launched in the higher range are not getting enough clients at that pncmg. There is a lot of euphoria at this point with the markets doing well, but there has been a huge increase in prices and there will be a correction pretty soon; the driver could be anything from a double dip in the US or a European economy not faring well.
Even registration numbers at present are less than what they were atthe beginning of the year." But there are others who say a fall in prices is unlikely now for both structural and investor-demand reasons. A consultant said prices may not fall easily because there are only two or three land bank aggregators in Mumbai. "Once they have the ajor chunk ofland parcel, they can release and dominate prices as they want. So it is not necessary that we would see a correction, and these developers are quite aggressive," he added.
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