Real Estate: Bangalore Becoming Cheaper

Gone are the days when hands used to burn and even the deepest of pockets used to get biggest of holes in them. All this was due to the booming real estate market and people were busy manipulating the prices to the fullest. But now all that has crashed miserably to the ground and even Bangalore which was meant to be a goldmine for real estate has been scrambling for business.
 
It is now being said that luxury flats by the famous Orange properties are now being sold at just Rs 13 lakhs. Incidentally, the flats are located just at 10 min drive from the international airport based at Devanahalli and once upon a time it was worth upto the tune of several lakhs and crores just to get a decent space.
 
This crash has surely turned out to be a lesson for all those who got extremely greedy but then the sad part is those who have bought these properties spending a fortune are now trying to make ends meet with recession impact and also the EMIs that need to be cleared on a monthly basis.