The Acropolis Luxury Apartment Complex in Bangalore - 40% rent reductions
With prices for luxury apartments in India falling as much as 50% in price recently, younger, professional Indians are finding themselves in a position to afford far more luxurious accommodation than previously. In Bangalore, for example, rents on luxury apartments have fallen around 40% in some areas and as much as 50% in other parts of town.
A combination of dropping sales, and falling prices has caused a large increase in the amount of rental units available – as sellers, unable to recover their original costs are opting to rent out and hope for an upturn in the economy. According to Nathan J. S., owner of V3 group, a real estate agency in Koramangala, “A lot of youngsters are moving into places like St. John’s Woods, Mantri Sarovar (HSR Layout), Shobha apartments located on Outer Ring Road and Pink Phase located on Sarjapur Road. Since the airport has shifted, there has been very low demand for these apartments and thus the rates have been slashed by over 30-40 percent.”
Other agents in the area report a similar situation across the board, which is good news for renters who are now able to opt for luxurious extras such as swimming pools and gymnasiums as part of their package.
{ 6 comments… read them below or add one }
It is fantastic apartment in India, which will provide the quality service for the people over there. It is real professional apartment in the India
Thank you for sharing the informaiton with us. It really attracts people to try it in the future. All the facilities in the apartments are so useful for people living there and will provide quality life over there.
It is glad to see that the price of apartment has dropped, which means that more peole can enjoy the living over there. Hoever, we should focus on the quality of the service as well.
It can image that they could enjoy so luxury apartments. I am expecting to try it in the future. i will introduce it to my friends in the future as well.
This is so fantastic apartment and special attraction is 40% price reduction and with the pool facility as well. I like the color combination and theme is so attractive.
Sounds good that real estate has dropped dramatically. Now people can buy or rent their property within their budget. This is really good apartment for college students and youngsters.