- Bangalore witnessed a massive price correction during India’s boom period. As a net result the surge in demand in Bangalore has occurred because of affordable projects after a lull of 2 years.
- Land cost is not part of construction, so builders are relaxed.
- The Mumbai and Bangalore property markets are different as property prices vary depending on the economic profile and demographic patterns of a city. Mumbai being economic capital has more money to throw after the property.
- Bangalore property market is based on actual end-user demand and therefore is not a bubble and Mumbai can be called as speculation bubble.
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