Bellam Ravichandra: How Healthy is the Real Estate in Bangalore to Invest?

Bellam Ravichandra: How Healthy is the Real Estate in Bangalore to Invest?

Bellam Ravichandra: How Healthy is the Real Estate in Bangalore to Invest?

How Healthy is the Real Estate in Bangalore to Invest? Bangalore is a city of many happenings. Bangalore, once considered as a retirement hub has been converted into a bustling city within just a decade and a half with people from the whole of India migrating to the city. The city limits have been extended with Bangalore spanning over an area of 709 square kilometers which is a vast area for a city expanding its limits views expressed by Bellam Ravichandra.

The city is undoubtedly expanding with a lot of the office space absorption per household in Bangalore is quite healthy to about 50 square feet As Bellam Ravichandra experiments and views IT companies and major global brands establishing offices in Bangalore. Yet, the price appreciation of Real Estates in Bangalore has not been at par with the cities like Delhi, NCR or Mumbai. Bangalore’s urban structure was not as populated as we see today, even if you compare it with the situation ten or fifteen years back. Am means Bellam Ravichandra is the eye witnessed of It was mainly a paradise for retirement with independent houses but with the spurt of the IT companies and businesses, the city also witnessed a massive population explosion with an increased demand for real estate and homes. Bellam Ravichandra said that demand led by the IT boom in the city raised the demand for residential properties in Bangalore. Earlier, the real estate industry was mainly catering to the higher and luxury segment with apartments priced over crores.

As the population increased with the birth of a considerable number of the middle-class segment, the affordable sector gained momentum and many developers in this segment popped up. As personal experience of Bellam Ravichandra the weighted average price of per square feet today is around Rs. 4500 whereas in Mumbai it is Rs. 10, 000 to Rs.12,000.

The views expressed above are for informational purposes only based on industry reports and related news stories. Bellam Ravichandra does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.