bengaluru recent unprecedented floods in parts of bengaluru have put a spanner in the works for real estate firms that have projects especially residential ones in the tech corridor and on the outskirts the sales head of a reputed real estate firm said potential buyers now ask questions like was the project affected by recent floods how far is your project from the stormwater drain and do you have a map to prove thatthose looking to buy homes in places like yemalur bellandur whitefield outer ring road sarjapur road marathalli and beml layout areas that were badly affected are now extremely mindful of the location prior to the floods these areas were some of the hottest destinations for home seekersbesides prospective buyers floods also hit sentiments of those who had already invested in properties in these localitiesi bought a home in whitefield less than a year ago for rs 12 crore i thought it was a good deal then but six feet of water has enlightened me quite effectively said ajith kaverappa a software engineer i have made up my mind to sell it and look for a new property more than my house i am constantly worried about my cars parked in the basement kaverappa though has no choice but to wait since rates in areas like his are expected to plummet his situation is mirrored by many but some builders and promoters insist the disaster will not impact the real estate sector the floods inflicted more damage on the image of the city than on the real estate sector said farook mahmood chairman and managing director silverline realty and it will fade once the monsoon is over once the government improves infrastructure in these areas and ensures smooth flow in drains things will return to normalsanjay patil a realtor pointed out that the sector in chennai barely saw a blip despite floods in 2015 on the contrary the real estate sector grew by over 60 in tamil nadus capital that year he said he said bengaluru will also bounce back similarly as people employed in it tech parks like to live close to work spotsrealtors also point out that someones loss is anothers gain and demand for properties in zones that saw no flooding will increase as will rental values