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Flats in Bangalore, the state capital of the South Indian state Karnataka, is the hot real estate destination in the region. Buying a property in Bangalore is one's dream in this modern day. Everybody from Bangalore and the nearby cities and town are heading towards the City either to invest or to relocate in the city. The Garden city, Bangalore offers a international lifestyle of pride and honor to its residents. The business and the employment opportunity to attract people to come, experience this business capital. The third most populated city of India, Bangalore has a lot more to offer than employment opportunities, there is a nightlife, there is the space center ISRO, the Indian Institute of Science and much more things greeting you become a Bangalorean. The data of the sold households in the first quarter of the year 2012 has shown a satisfying record that the number of people seeking investments in the real estate market is increasing in comparison to the last quarter. There are about 25 residential development projects launched in Bangalore since January and in which 8 projects comprising more than a thousand apartments were exactly sold out, a survey reports. With these datas, it seems that the bad days for the real estate property in New flats in Bangalore has been over. There are many reasons behind these good positive trends in the market. Getting late in making investments in here, might let you face comparatively higher prices of the property. One of the reasons behind this new real estate friendly positive trend is the RBI's recent Repo cut by point 50 basis. RBI's this move maintained the flow of money in the market and increased the demand in the real estate sector. Due to this Repo Rate cut, the Prime Lending Rate of the Bank( at which Banks provide loans to its customers) has gone down. This means the Easy Monthly Installments, that a customer had to pay will be reduced by every Repo Rate cut. This can considered as one of the major reasons behind the positive trend in the real estate market of Residential flats in bangalore. Although the prices of the construction material is increased at a high speed in the past 2 years and so the rates of the property in Bangalore are. The prices for the raw materials such as steel, cement, labour and bricks, electricity etc are increased by 20%(approx) and the prices of the property in Bangalore as well have increased approximately about 25%. Other factors that increased the demand is the quality lifestyle being offered by the Bangalore city. As Indian economy is developing, the per capita income too is rising. With every rise in the per capita income, there rises the demand for a better lifestyle, the demand for a better place to live and a demand for a better meal to feed. These are the basic need of a person in the global environment. So, in short we can say that the India's growth too has played an important role in the increasing demand of the real estate property.
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