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.