Bangalore property prices are heading for a correction, change my mind.
Okay I'll be honest — I completely underestimated how confusing this Bangalore real estate market is, especially looking at 2026 predictions. I'm looking at a 2BHK near Sarjapur Road, current prices for under-construction are already like ₹1.2 Cr. Builders like Prestige and Sobha are quoting crazy numbers. Sales guys are promising 20-30% appreciation by 2026, saying Metro expansion aur IT growth se demand high rahegi. But yaar, current prices already feel so inflated. With all the talk of high interest rates and traffic issues, is this price rise really sustainable? My parents keep saying market will correct, especially in areas with too much supply. Should I wait for a potential dip, or will prices just keep climbing? And for under-construction, is the risk worth the supposed future appreciation? Matlab, kya sahi mein itna growth milega ya it's all hype?
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It's a tricky situation for sure. The interest rates are definitely a factor, making EMI higher. While some areas might see a 'soft correction' via slower appreciation or hidden deals, a major crash seems unlikely unless there's a big economic downturn. For first-time buyers, focus on your affordability and long-term goals, rather than timing the market perfectly. Do your due diligence on the builder and location, that's key. Don't get swayed by extreme opinions.
But what about the oversupply? I heard some areas like Aavalahalli have tons of unsold inventory. Anyone has actual data on demand vs supply, especially for under-construction projects? Builders always hide those numbers.
You're right about Aavalahalli. RERA data shows a significant increase in unsold units there compared to last year. While overall Bangalore absorption is good, specific micro-markets with high new launches are feeling the pinch. Builders are giving discounts but not on paper, mostly through freebies. So, a 'correction' might be more like hidden discounts than a price drop.
Haan, Aavalahalli mein bahut inventory hai. My cousin works in real estate, he says many smaller builders are struggling to sell. But big names like Prestige still move units fast, even at high prices.
Honestly, I waited in 2018 for a correction near Bellandur thinking prices were peak. Big mistake. Ab wohi property 80% up hai. Don't fall for the 'wait for correction' trap unless you have solid data. Builder ka sales talk toh chalta rehta hai, but actual demand is still strong, especially for good projects. My parents also told me to wait, but that advice backfired badly.
Bhai, you're not alone. I'm looking near Marathahalli and the prices are just insane. Lagta hai market sach mein bubble hai.