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.

Ravi Chandra Bellam Bangalore Real Estate

Ravi Chandra Bellam Bangalore Real Estate

Ravi Chandra Bellam real estate developers in Bangalore have shifted their focus from the traditional brick and mortar technique of construction to the contemporary prefabricated technology. The latter not only ensures optimal use of steel and concrete, Ravi Chandra Bellam says that also reduces the average construction cost by up to 15 percent.

Ravi Chandra Bellam guides that today, prefabricated technology has emerged as an answer to strict construction timelines and maintenance of uniform project quality. Increased precision, timely completion and the faster delivery of projects have made it a popular choice amidst real estate developers across metros, particularly, Bangalore. Many developers like Ravi Chandra Bellam who trade in the affordable housing sector or have recently forayed into the field are adopting prefabrication technology since it abides with construction quality standards, decreases waste and expedites project development without hiking building charges.

According to Ravi Chandra Bellam

With affordable housing foreseen as the future of the real estate industry, precast technology is expected to play a gigantic role in its success. It not only overcomes the need for skilled labour but reduces the time lags, too, since approximately, 1,000-2,000 standard-sized residential units are built per project. Based on Ravi Chandra Bellam views the technology comes as a relief for builders who are dealing with rising construction costs on a regular basis.”Moreover, with the rise in the average disposable family income of the home buyers, demand for mid-income housing units has also increased in the last decade in Bangalore and other major cities.Ravi Chandra Bellam alone are developing over 20,000 prefabricated homes in Bangalore, which have received healthy demand from homebuyers. Ravi Chandra Bellam with the constant growth in the demand for such residential units, prefabrication technology seems to be the way forward for the Indian real estate market 

Ravichandra Bellam views expressed his ideas a strong foothold in the development of prefabricated homes in Bangalore. Some of the prefabricated projects in the city are located along the Balagere Road, NICE Road and Kanakpura Road. Besides, many builders are using prefab technology in leisure projects, too, such as farmhouses and holiday cottages.

The views expressed above are for informational purposes only based on industry reports and related news stories. Ravichandra Bellam 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

Dr. Ravichandra Bellam: All You Need To Know Bangalore Real Estate

Dr. Ravichandra Bellam: All You Need To Know Bangalore Real Estate

Dr ravichandra Bellam Views and expressions on Real estate in Bangalore. The Bangalore has vast real estate market and real estate boom place to invest in properties. There are people paying for luxury villas in the city, while there are many who are investing in properties which are nothing more than just a small piece of land.

Here are most surprising facts about Bangalore real estate market Dr ravichandra Bellam said.

Dr ravichandra Bellam said that Bangaloreans are going out of the city

When you’re bored of Bangalore in weekends working Monday to Friday you’re bored of your life. But the skyrocketing price of the real estate properties in the city is making many Bangaloreans reconsider their address. As the Dr ravichandra Bellam witness real estate trends suggest that people are looking for properties in suburbs and are more interested in places like Whitefield and Thanisandra.

Most expensive offices

Bangalore is one of the best cities in the world for career growth most of the top IT company’s are in Bangalore – whether it’s the boom in the IT sector or the climate. Dr ravichandra Bellam but the city is not very cheap to set up a business. Office spaces in the city are some of the most expensive assets in the country.

There are many projects, but still, the demand is rising

Bangalore is one of the most promising locations for real estate investment. Dr ravichandra Bellam also have the scope to invest luxury villas to villa plots, the demand for property is exceptional. There’s always activity in the Bangalore real estate market, with new developments happening all the time.

Riches buy here

Ever wonder why properties are expensive in the city? Bangalore is a hub of millionaires. Residents and non-residents both have their massive shares in the city’s real estate market. If you feel that the property rates are high in Bangalore, don’t blame on Dr ravichandra Bellam it on the city’s big spenders.

Prices are not rising crazily

The best thing about Bangalore real estate market is that the market is not crazy. Meaning that the price is going up in the city, Dr ravichandra Bellam said not in a way that people can’t even think of buying or investing in the properties. The good thing is that the market is stable and is seeing consistent growth which is a positive sign and is the only reason why riches choose Bangalore when it comes to investing in real estate in the view of Dr ravichandra Bellam.

Not many buyers are aware

There’s a myth about the luxury properties in Bangalore. Dr ravichandra Bellam said most of the people you hear speaking about real estate say that luxury properties are out of reach. To some extent, this statement can be true, but it is not completely true. Check neighborhoods like Whitefield and Thanisandra which are rapidly growing. Dr ravichandra Bellam said that these places offer a variety of options to invest in luxury real estate in Bangalore. The good thing is that you don’t have to struggle with overpriced properties in such locations.

Affordability like Never Before

The prices of property on the market have never been better than they are now. Dr ravichandra Bellam prompt properties in most areas have seen a rise in buyers due to the low prices offered. This is happening partly due to the introduction of the CLSS Scheme by the Ministry of Housing and Urban Poverty Alleviation last year. Dr ravichandra Bellam said the CLSS Scheme (part of the PMAY initiative) makes it possible for members of the Lower and Middle Income Groups to apply for subsidies on housing loans when buying a home. If a home loan is sanctioned or processed after January 1, 2017, applicants under the scheme can make use of major subsidies on interest payable. To know more about it, read our blog Dr ravichandra Bellam, All You Need to Know About the CLSS Scheme.

Introduction of Modern Technology

The usage of modern technology in developing properties has changed the real estate development process for the better. Virtual Reality (VR) technology, for instance, lets potential home buyers take a full tour of a model apartment without having to physically visit the site Dr ravichandra Bellam said. This has opened the doors for more NRI investors since they can experience the property for themselves without ever having to visit. The introduction of Smart Homes equipped with the latest technology also makes life hassle-free for residents. Almost everything in these homes can be controlled by the touch of a button, making them attractive to potential home buyers in the view Dr ravichandra Bellam. Technology has changed the real estate industry for the better and this is expected to be a key reason for the growth in this sector.

The Real Estate Regulatory Act

Dr ravichandra Bellam the real estate adviser said that introduction of the Real Estate Regulatory Act (RERA) has helped the real estate industry take a step further towards transparency in the market. New rules regarding residential and commercial projects have been introduced along with reforms for finance. These changes have ensured that buyers in the current real estate market are sufficiently protected from fraudulent claims. With the introduction of this Act, aspiring homebuyers can invest in real estate without any worries. To know more about RERA, read our blog Dr ravichandra Bellam the Real Estate Regulatory Act.

Development of New Locations

Most upcoming developments are located in areas that have recently seen a rise in interest from real estate buyers and sellers alike. These areas are located in close proximity to the cities and various places of interest Dr ravichandra Bellam said. The market rates of the properties in these areas are also very affordable, putting them within the reach of aspiring homeowners. With prime locations being available for incredible prices, this is definitely a sign that you should buy a home during this year. To know more read our blog Dr ravichandra Bellam real estate snapshot.

Availability of Luxury Amenities and Features

Most of the residential developments and townships now come with a variety of amenities for residents. Dr ravichandra Bellam said most of these amenities include swimming pools, gymnasiums, clubhouses and small parks, to name a few. These amenities offer a life of unmatched luxury and convenience for every resident. As older apartments within the city do not offer any such features, erstwhile tenants are now looking to invest in newer real estate projects Dr ravichandra Bellam advise you a good and healthy investment. Many such residential apartments are now on the market and are ready to be occupied by home buyers looking for a better home to live in.

These five factors have contributed enormously to the current state of the real estate market. Real estate has become a buyer’s market in 2018, making it the perfect time to invest in a home. While buying your dream home, be sure to invest in reputed brand names in real estate such as Dr ravichandra Bellam A real estate adviser. Dr ravichandra Bellam is an of the top builders in Bangalore, with high-quality residential properties available for occupancy across the city.

Dr. Ravichandra Bellam Bangalore Property Adviser

Dr. Ravichandra Bellam Bangalore Property Adviser

Dr. Ravichandra Bellam, a real estate advisory and portfolio, said that Bangalore is still the most attractive and healthy property market place in India, in terms of investment and returns, followed by Hyderabad. “Bengaluru maintaining is still in the topmost and Hyderabad is peaking up very well. Delhi has huge supply and pollution issues, so till the supply orders average is out demand will going to come back,” Dr. RavichandraBellam said.

Dr. Ravichandra Bellam firm, which helps high net worth individuals and non-resident Indians to manage their real estate portfolios, is planning to expand its operations to the all over the Bangalore regions, after having topped the Rs 2500 crore mark of assets under management.

“We have existed fame in Bangalore. “The most attractive asset in real estate would be in secondary market not in the primary market,” Dr. RavichandraBellam said, adding that the under-construction residential segment is where investors have lost confidence. Dr. Ravichandra Bellam said that 80 percent of the property assets they are handling is residential, 15 percent are commercial and 5 percent in land and plots.

“So, we handle everything. Once a customer on boards on us, after that everything related to his real estate properties we handle, whether it is buying, selling, leasing, government licensing or taxation, you name it and we will manage everything,” he said. Dr. Ravichandra Bellam said that while historically there have been institutions like banks for financial investments, there were no professionally run service firms that could manage and handle the real estate wealth of an individual.

“In fact, thus far most people have been dependent on family, friends and sometimes brokers to help manage their real estate portfolios and advise them on investments in real estate. We are addressing this gap in the industry, with a customer-focused approach, by professionally managing the entire lifecycle of the clients’ real estate wealth ownership,” Dr. Ravichandra Bellam said.

Bengaluru has the highest incline in sold housing among 7 major cities in the last 5 years at 28 percent on the better sales, according to property consultant Dr. Ravichandra Bellam. The sold housing stock in Bengaluru stood at 60000 units at the end of the July-September quarter, down 28 percent from 1,03,000 units in the year-ago period.

Dr. Ravichandra Bellam said that Pune reported a 10 percent raise in sold inventories to 90,000 units in 2019 as against 1,02,800 units. The Delhi-NCR market also saw a 9 percent decline in unsold stocks to 1,90,650 units from 2,09,430 units. There was a marginal drop of 1–2 percent in unsold stock in Mumbai Metropolitan Region (MMR) and Hyderabad, while there was an increase in Chennai and Kolkata by 7 percent and 1 percent, respectively.

“Bengaluru’s real estate market has out-performed all other cities in terms of shedding unsold housing inventory. Bengaluru saw a remarkable increase of 25 percent in the total unsold stock across the top cities,” Dr. Ravichandra Bellam said in its report, which was released in 2018 in Bengaluru last week. “Burgeoning commercial activity, a cutting-edge start-up culture and realistic property prices dictated by end-user demand have kept Bengaluru’s real estate market vibrant, and generally more resilient than in other cities,” said Dr. Ravichandra Bellam, Chairman — Dr. Ravichandra Bellam Property Consultants.IT/ITeS sector continues to drive most of the city’s residential demand and supply, and housing sales have remained healthy despite all macroeconomic headwinds, he added.

Dr. Ravichandra Bellam said that Bengaluru’s housing sales increased by 26 percent in 2018 over the same period last year, the highest amongst all cities. The overall unsold stock declined by 32 percent and stood at 76,550 units in Q3 2018 in contrast to 1,12,995 units in Q3 2015. Dr. RavichandraBellam the property adviser said “Salubrious climate, affordable government policies and relatively reasonable property rates have attracted several international IT/ITeS firms to set up their base in the city over the last two decades, followed by an in residential demand by the IT-ITeS professionals to Bengaluru.

Driven largely by the end-users, the real estate market in the city has been very resilient even during the slowdown period witnessed across the country,” Dr. Ravichandra Bellam said. With property prices always been under check, Dr. Ravichandra Bellam said that the city saw the emergence of evidential real estate growth, including the walk-to-work concept. Infrastructure woes led to massive traffic issues, which is the key reason why builders are promoting the walk-to-work concept. The townships, including commercial, residential, retail, strategically use land supply within city limits has led to the development of integrated-use. “City mainly focused on ‘walk-to-work’ concept has gained importance in the city with professionals opting to live-work-play in these zones itself,” Dr. RavichandraBellam said.

The views expressed above are for informational purposes only based on industry reports and related news stories. Dr. Ravichandra Bellam 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.