Top 10 Cities in India for Property Investment Years ago, gold was known to be the best and lucrative investment option but the current fluctuation in the gold prices has shifted the focus to other investment options like real estate. Not only the swell in the gold market even the tremendous upsurge and development in real estate sector have made it one of the most profit-making business in our country. Real estate and especially residential real estate promises to get good returns in future. Few of the cities in India have recently stated to be realty hotspots as far as investment is concerned: According to a study conducted, below is the list of top cities in India which are mostly preferred for real estate investment: Hyderabad: A city where you spot architectural wonders of the historic period certainly continues its legacy by displaying some wonderful and posh residential projects. The city has become one of the major IT hubs in India; therefore most of the people prefer investing in Hyderabad housing projects. Apart from that the upcoming metro and the flexible LIG housing norms have increased the demand for residential sector in Hyderabad. Even most of the builders are coming up with affordable housing projects which have attracted many home-buyers. Ahmedabad: After the development on SG highway, most of the real estate developers in Ahmedabad are launching new and luxurious residential projects in this area. Well developed infrastructure and strong economy are the prime factors that have motivated the buyers to invest in Ahmedabad properties. Ahmedabad being one of the fastest growing cities in India guarantees with money-spinning returns on real estate investment. Chennai: Localities like OMR, ECR and Sriperambadur is witnessing the launch of new townships. Major growth in IT sector, SEZs, ITES, manufacturing sectors in the suburb areas have contributed towards the expansion of realty sector. Chennai has become one of the hottest realty destinations in India. Developers as well as investors find Chennai real estate market very favorable. Pune: After Mumbai, the most popular city of Maharashtra, Pune is witnessing a boon in real estate. As compared to Mumbai, Pune property rates are much affordable therefore people are showing interest in Pune properties. The growing number of IT industries and the soaring job opportunities are attracting the people to migrate to this city. Apart from that the city is also boasts some educational institutes. Residences belonging to luxury and super-luxury categories are on high-rise in Pune. The city has become one of the most developed cities in Maharashtra as well as India; hence from the future prospective, real estate market of Pune looks much more promising. Kochi: This city is known as the tourist destination as well as a commercial hub. Due to the expansion of IT companies in this location, office spaces are on colossal demand. As the place is a famous tourist spot, there is an increase in number of hotels and retail outlets for the convenience of the visitors. The climatic condition and the beautiful landscapes are also favorable for the development of residential sector in Kochi. Jaipur: In recent times, the Pink City of India has become an ideal real estate destination. The well- developed infrastructure, proximity to prominent locations, land availability and development in retail industry are the prime factors that are responsible for the growth of realty in Jaipur. The city is coming up with some plush residential and commercial projects. According to a research, the real estate market of Jaipur has a potential to burgeon in coming years therefore it is suitable for future investment. Lucknow: Infrastructural development in localities like Mahanagar, Janakipuram, Indiranagar and Gomti Nagar has resulted in launch of new residential projects in Lucknow. The City of Nawabs does not only portray infrastructural growth within the city limits but also in the outskirts. The highway easily connects the city with nearby locations. Faridabad: This location is the best for long term real estate investment plans. The well-equipped infrastructure allows the working crowd to easily commute to prime locations like Delhi and Gurgaon. The launch of the metro link and the affordable housing schemes makes Faridabad, one of the preferred real estate investment cities. Patna: The rapid development in the city from past few years has led to real estate growth. The city is witnessing emergence and launch of luxurious and super- luxurious residential projects. Property prices are touching the sky in some of the prime localities of Patna. The city shows signs of positive growth that would prove to be beneficial for real estate investment. Bangalore: Our very own IT capital, Bangalore is one of the top most preferred and loved realty destinations of India. The city is ideal for both residential as well as commercial upliftment. Right from the infrastructure to educational facilities, IT parks to recreational areas, the city has all positive features that make it a favorable destination for investment. The city also boasts numerous shopping malls and metros. The current as well as future realty market is guaranteed to be lucrative for making huge investments. Despite of the economic slowdown in the past, Bangalore realty sector did not show any negative signs. Bangalore residential segment brags variety of housing options like apartments, villas, row houses, townships and plots. These are the recent top 10 cities of India which assures you with profitable returns on real estate investment. The demand for houses and offices are never-ending so even if there is a downfall for certain period, the sector guarantees to become stable soon.
Posted on: Sat, 31 Aug 2013 07:41:57 +0000
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