My point of view is the brokers are rigging the game. Plus, given the higher rental yields, people who are getting good salaries, NRIs, people living within 300 km radius of the city are owning/buying flats as investment. We tried asking the agent if the owner is ready to sell, and many times owners say yes and quote a 5-10% bit higher price. Personally feel the current demand is a wave which is about to reside in next 6-12 months or may be longer as the real-estate cycles are slow and long
Personally, going through the same journey,
My point of view is the brokers are rigging the game. Plus, given the higher rental yields, people who are getting good salaries, NRIs, people living within 300 km radius of the city are owning/buying flats as investment. We tried asking the agent if the owner is ready to sell, and many times owners say yes and quote a 5-10% bit higher price. Personally feel the current demand is a wave which is about to reside in next 6-12 months or may be longer as the real-estate cycles are slow and long