Realty prices slump in Bangalore

Realty prices in Bangalore have finally cooled down after having being at a high for almost four years.

Sources from Colliers International, real estate consultants' firm, have said that there has been no upward movement of prices in the central business district for the last four to five months.

An official from a real-estate solutions company, Habitat Ventures says that the realty prices have been 'flat' since the last few months. Real estate prices in some localities have even witnessed a 'sharp' fall. Among the areas affected by the slump are "some peripheral areas and also to some extent the premium or super luxury residential segment".