Dr. Bellam Ravichandra Bangalore Property Adviser

Dr. Bellam Ravichandra Bangalore Property Adviser

Dr. Bellam Ravichandra, 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. Bellam Ravichandra said.

Dr. Bellam Ravichandra 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. Bellam Ravichandra said, adding that the under-construction residential segment is where investors have lost confidence. Dr. Bellam Ravichandra 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. Bellam Ravichandra 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. Bellam Ravichandra 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. Bellam Ravichandra. 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. Bellam Ravichandra 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. Bellam Ravichandra 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. Bellam Ravichandra, Chairman - Dr. Bellam Ravichandra 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. Bellam Ravichandra 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. Bellam Ravichandra 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. Bellam Ravichandra said. With property prices always been under check, Dr. Bellam Ravichandra said that 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. Bellam Ravichandra said.

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