Undeniably, investment can transform into a lucrative action if made wisely. Real Estate investing is one of the best options for you if you are looking to make a return profit on your investment. To put in simple words, the Indian real estate market is one of the most globally recognised sectors. It compromises of sub-sectors like housing, retail, hospitality and commercial. Most importantly, the growth of corporate offices has increased the demand for workspaces as well as urban and semi-urban accommodations. You can expect more investments in the Indian real estate sector in both the short and long term. However, whenever you intend to invest the question that pops up in your mind is best cities for real estate investment?
Before we invest in a city the things we need to be aware of are what make it one of the best. Infrastructures available in the city besides the best localities for investment in the city.
This article, we will try to suggest you some of the best places to buy property in India. If you have wondered which is the best city to invest in real estate in India, this is the article for you. To begin with Bengaluru is one of the most favoured places for people to invest in real estate, followed by Mumbai, Navi Mumbai, Thane, Pune and Hyderabad.
Best Cities for Real Estate Investment: How to Find
1. Bangalore
Bangalore is popularly known as India’s Silicon Valley. The corporate sector has been flourishing in Bangalore creating more vacancies. This in turn has increased the demand for workspaces and accommodations. It is still one of the most affordable places to invest in real estate. However, experts suggest that the real estate rates will soon rise because of the boom in the IT sector. Therefore, investing in real estate in Bangalore may not be as affordable 2 or 3 years later. On the contrary, the value of presently bought properties will rise.
New infrastructure and amenities include new Metro routes and housing projects in the Bangalore International Airport area. Indira Nagar, Lavelle Road, Hebbal, Koramangala, MG Road, Whitefield are the best localities for investment here.
Ready to move in flats, Whitefield, Bangalore
2. Mumbai
Mumbai is better known as the city of dreams. It is, in fact, investors’ dream destination when it comes to real estate investments. To put in simple words, this is one of the fastest-growing cities. Accordingly, this makes it worthy of investment. Investment in the best localities will cost somewhere between Rs. 2,500,000 to Rs. 10,000,000. If you are looking for great connectivity and the transportation system, consider investing in South Mumbai, Bandra,Worli, Juhu and Andheri.
3. Hyderabad
Like Bangalore, Mumbai; Hyderabad is another city with a roaring IT sector. Most importantly, it is a city with lots of foreign outsourcing. This means there is a remarkable opportunity for jobs in this city. Subsequently, people from different parts of the country come and settle here. This has furthermore, contributed to a mount in city population. Undeniably, Hyderabad is considered to be a great city for a long-term and residential real estate asset. The booming IT sector has resulted in a growth in commercial real estate as well. The city possesses great public and civic amenities and infrastructure. To put in simple words, Hyderabad is one of the best places to put money in property in India. Localities like Gachibowli, Miyapur, Manikonda, and Kukatpally are the preferred choice of people.
4. Pune
Pune is also known as the pensioner’s city. Besides, it is one of the most rapidly developing cities. Most importantly, builders are focusing on constructing low-cost projects on untapped lands. Let’s discuss the reasons why the real estate market here is picking up quickly. To put in simple words, the city has some of the finest educational institutions in the country. Besides the city has pleasant weather all year round. Not to overlook the great public amenities of the city. Kalyani Nagar, Baner, Koregaon Park, Kharadi, Deccan, Magarpatta, Warje are some of the preferred places to invest.
Investing in Pune: Is it a good option?
Summing up
Besides the cities mentioned above, you may also think about investing in the Metros of Delhi, Kolkata, Chennai, Gurugram, and Noida. Real estate investment, in particular, is a crucial financial decision that needs a lot of deliberation. Hope this article help you make your mind up on which are the best cities for real estate investment.
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