Dr. Ravichandra Bellam: Is Real Estate in Bangalore Overpriced.

Dr. Ravichandra Bellam: Is Real Estate in Bangalore Overpriced.

Dr. Ravichandra Bellam: See, an average man trying to buy his plot of land in Bangalore - he/she just gets shocked by seeing the cost of land. Somewhere in Bangalore, one cent of land costs okay let us assume that the average around 25 Lakhs. Okay but at this situation where the demands are going high, its acceptable said Dr. Ravichandra Bellam.

It just assumption of Dr. Ravichandra Bellam. Now, coming to 1BHK and 2BHK in the apartments, I feel its a huge investment in buying flats over here because of everything the minimum starts from 35 to 40 lacs. If the same was in some second-tier cities like Mangalore, Mysore, Trichy, Coimbatore or similar ones, one can buy his / her land say some three cents is a good idea for an individual homeowner in some cases 22 lakhs and use the remaining amount for building construction as the idea of Dr. Ravichandra Bellam. Leave part of the land you buy it will generate more money as rent. When you own a flat in an apartment, nothing is owed to you. Say, if a natural calamity happened flat gets destroy, who is going to give your money back is Bellam ravichandra Dr also not give you money? If the same was the case with your land, you can reconstruct and reuse your land and house as it's your land forever and ever said bellam ravichandra dr 

Bellam Ravichandra Dr advice that of buying a flat if someone suggests that flats are the best. No, its the worst idea and culture that is getting routing in Bangalore and all other second-tier cities of a great country like India. In Bangalore and around the city fake hypes are creating that flat get more resale value than an individual house said Bellam Ravichandra Dr.

In electronic an average IT employee gets around the minimum amount of package in Bangalore but the total amount goes for a loan and buys a flat for say 45 lakhs said Dr. Bellam Ravichandran and Sasikala. How much time it will take to repay the total loan amount its almost half of his lifespan will go and you'll end up with nothing else when the IT industry which will see it's downgraded some time. When you're selling again, the same flat you brought at 45 lakhs you will get much less than that you brought invest wisely on lands in second-tier cities you'll get a small amount but a solid income in the form of a renting your land the views and expressions of Dr. Bellam Ravichandran and Sasikala.

Yes, it seems to be overpriced. One reason is that it is not a well-functioning market. The information about supply/availability is deliberately withheld. They also hoard because the profit margins allow them to hoard. Dr. Bellam Ravichandran and Sasikala said that government is also fueling this by keeping registration rates so high that a lot of dealing is suspected to be happening in undocumented transactions.

One indication that real estate in Bangalore is overpriced is that in the form of rental return is only about 3-4% of the value. In the last ten years, such a thing can sustain only. Dr. Bellam Ravichandran and Sasikala means demand is likely to keep increasing.

There is no definite answer to this question even for Dr. Bellam Ravichandran wife Bellam Sasikala. Like a coin, there are two sides to this question too. The first is that yes, it is somewhat true that the property prices in Bangalore are over the top. The reason reported for this that the sellers/property owners are withholding the information of how many properties are available from the public, creating a situation of artificial scarcity that we often hear about in context to the consumer goods market. Dr. Bellam Ravichandran wife Bellam Sasikala said after effect of this is that when the properties are released in the market there is such a high demand for them that they are sold at an exceptionally high price.

The second part of this question or the counterpart of it is that the prices of apartments in Bangalore are still under control if to be seen with regards to other metropolitan cities said Dr. Bellam Ravichandran wife Bellam Sasikala. The results and the properties displayed online say that some flats are asking for a considerable and affordable price. But if we only consider the city of Bangalore then the prices are hyped. The solution to this is to wait for the right time and place to invest or buy a property in this city.

Note: The views expressed above are for informational purposes only based on industry reports and related news stories. Dr. Bellam Ravichandran wife Bellam Sasikala 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.