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A year later — a sneak preview / status of the Devanahalli airport and Bangalore real estate sector

with one comment

We are still stuck there though things are looking better this year. Though real estate activity in and around Devanahalli area has heated up (the government has raised the guidance value per acre to almost Rs. 7 crores in main Devanahalli township) but any large projects are yet to see the light of the day. There is a huge water shortage in Devanahalli – its basically barren land and our guide from L&T had told us the same thing last year too. So, things have not improved on that. But, if Dubai can improve by building an Oasis in the middle of a desert, our politicians can tear a leaf out of the Dubai story and make Devanahalli better indeed.

https://ecofin.wordpress.com/2007/04/28/a-visit-to-the-devanhalli-international-airport/

http://www.bialairport.com/

The airport launch has been delayed by yet another month. We had recently been there again and it appears to have been in a much better shape than before.

The RBI has again hiked the CRR by 50 basis points. This will definitely impact the interest rates in the bank savings/loan schemes. While PC hints at no to moderate hike in the home loan interest rates, I don’t see them softening anytime in near future.

Real estate in Bangalore is still hot. The US slowdown has not impacted the Indian RE sector as much as one would have expected. Yes, there is some fall in Infosys estimates but that is not enough to dent the furious pace of our economic growth – estimated to slow to about 7 – 7.5%.

The next few months are going to be wait n watch!

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Written by Naveen Athresh

May 2, 2008 at 1:29 pm

One Response

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  1. Most states in India which have faced water problems have not been able to overcome these problems.Its the lack of integration in a particular phase which does not allow certain problems to be solved and I think its a little too late to ‘tear a leaf from the Dubai story’.

    Pune Builders

    May 12, 2008 at 5:55 pm


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