Top Property Investment Cities In India

Today Real Estate sector in India is passing through bad phase. But revival seems to be not far away. So under current scenario it is advisable that don't restrict yourselves by the limits of the regions. Every region of our country has its own potential. Let’s try to know about the best locations for Real Estate Investment in India.

This is useful not only for home seekers but investor as well.

Bangalore

Whitefield in Bangalore is one of the best attractions for investors; this is located in the eastern part of Bangalore. This district is the number one choice for IT Companies and also has residential purpose. With the invasion of IT companies, this region experienced a quick development in infrastructure. The Export Promotion Industrial Park is one of the booster that completely altered the horizon of Whitefield in a few years. Excellent connectivity changed the image of this region for groups searching for the space for their organizations. Many big Real Estate Developers launched their residential, commercial, retail and hospitality projects in this area.

This region has sufficient amount of land for new development. Excellent connectivity and social & high class infrastructure are the advantages that will maintain the demand for residential and commercial Real Estate field.

One of the main reasons for strong demand for investment is because of growing population of upper middle and upper class. Demand is rising so the prices of property are expected to increase for the investors and home seekers.

Pune:

IT industry has emerged as the most significant contributor for increasing demand of Real Estate in Pune. High buying power from IT/ITEs sector was another contributor for growth. Areas like, Kharadi, Baner, Bavdhan, Kalyani Nagar, Wakad and Viman Nagar etc. have eared as best realty destinations for investment . Out of these Viman Nagar is the best location. Its advantageous location and ease of accessibility to the Airport, Railway station and different part of the city as well state have been the biggest factor for Demand. Because of its proximity to SEZ’s, the region enjoys an excellent peripheral accessibility of the social Infrastructure.

This is the number one place for investment with many advantages. Many big names of Real Estate industry have one or more residential projects in this region. State government has also agreed to develop better civic infrastructure in Viman Nagar as well Pune.

Chennai:

Leading Real Estate experts and advisors are advising their clients to invest in the Chennai Real Estate, rather than Mumbai. Therefore Real Estate investors are taking this suggestion and investment in properties situated in areas like Adayar, etc in Chennai. Adayar, situated on the southern part of city and is also one of most posh localities.

Various localities of Chennai provided excellent appreciation on investments over the past few years. For example, if anybody had invested Rs. 1 Crore in a residential project say 5 years back is will now get you 2 or 2.5 crores.

According to statements of leading banks and property experts, Chennai is far ahead of Mumbai, as far returns on investment are concerned. It is said that aside from being a consistent performer city is expected to experience  boom once markets stabilize.

Pillars of the success story of Chennai

·      The city has very fast developed into a industrial hub.

·       There Exist large auto-mobile plants of big names like Renault-Nissan, Ford and Hyundai.

·       Telecom and IT Sectors are also boosting investment scenario in city.

· Other factors include Excellent Infrastructure and connectivity to the different parts of country and reasonable prices etc.

Hyderabad

According to the Real Estate experts this is the right time to invest in Hyderabad. Real Estate Value of the city is at all time low because, but with excellent appreciation scope, of the oversupply. Best thing a home seeker & investor look for.

Telangana fiasco is one of the reasons responsible for the current bleak situation. Many builders trying to overcome this hard phase are selling their units at price which is 30% lower than the normal price. So there could not be a better time to buy a home in this city. Value of the Property in Hyderabad is just half in comparison to the other metro cities like Delhi , Mumbai and Bangalore but infrastructure is much better than these.

Many posh areas of the city are offering properties at very affordable price ranging from (Rs. 3000 – 4000/sq. ft. And the best thing is that all types residential options are available like high rise apartments, secure gated independent villas, floors and plots. These excellent features like green landscape, club house, gym, swimming pools etc. Taking into consideration that Real Estate of Hyderabad is expected to rise in the coming days, this is the time to invest for good return on the investment.

Outstanding Road & Railway network is something that Hyderabad can be proud of, and which other metropolitan can take inspiration from. Best thing is that economic development and infrastructure development of the city is moving with same pace. Metro Project of the city will further boost the infrastructure development & Real Estate.

With one of the best International airport (Shamshabad International Airport), educational institutions, world class hospitals, retail stores and other facilities makes this city a smart Real Estate destination.

Ahmedabad:

Previously famous for its textile industry, now is known for its Real Estate activities as well. Positioned on the banks of Sabarmati River, this capital city of Gujarat is fifth largest city in our country.

With many residential projects in pipeline, this city will see many high rise world class projects in the coming days. Even with many residential projects which give this city an international look. Ahmedabad still keeps the old heritage and charm. Because of its rich heritage, the capital still maitains traditional Persian structural design. This city is the best example of excellent combination of old and modern architecture.

Real Estate of this city is compatible to both investors and end users. Many localities like Bopal, Motera and Maninagar have experienced rise in property value in recent past. At the same time in many posh localities of the city rental are growing.

For home seekers, it offers many options in wide price range–with prices starting from Rs 25 lacs and going up to Rs 3 Crores.

Some hi-points of infrastructure

·      Sardar Vallabhbhai Patel International Airport providing direct connectivity to many countries and cities in India.

·      National Highway – 8 passing by this city connects it Delhi on one side & Mumbai other.

·      More Than 800 AMTS Buses in operation from 6 o’clock in the morning to 11 o’clock at night every day.

Mumbai:

Mumbai a city of dreams and Financial Capital of India is also one of the best places for Real Estate investment. In-spite of being one of the most congested cities in India, areas like Wadala, Bhiwandi, Thane, Ghatkopar, Panvel, Virar and Dombivali offer good opportunities for the investors. Connectivity to various locations in Mumbai through excellent road & rail network, infrastructural development & availability of space has helped these areas to be most sought after locations for investors.

Out of various prominent Real Estate destinations, this is a very expensive city in terms of property pricing. According to a recent report released by property consultancy, “As the Economic Capital of the India, Mumbai is on the top of the list of luxurious residential projects market with twenty nine percent of its under construction homes priced beyond Rs 1 Crore, compared to eleven and five percent in the Delhi NCR and Bangalore respectively”.

Delhi NCR:

Greater Noida and Dwarka Expressway in Gurgaon are the most prominent Real Estate destinations in Delhi. According to Real Estate experts “Gurgaon is the most attractive region in NCR for property in commercial & residential development and is expected to have an annual growth of 15 to 20% in coming times. Greater Noida has appeared as a top destination for residential projects.

150 meter wide Dwarka Expressway is projected to provide excellent connectivity between Gurgaon and Delhi. This has come up as an excellent investment destination for both Residential and commercial Real Estate. As highlighted by a report, this corridor has seen a launch of around 12000 – 15000 Residential Units. Because of proximity to Delhi, Metro Corridor and other infrastructure these homes will enjoy excellent returns in a short span of time.

Bahadurgarh in Delhi NCR is also experiencing a boom in Real Estate field.

Kochi

Kochi also known as the commercial hub of Kerala, is again one of the top Real Estate destinations in India. Reality market has seen a boost because of growing IT , ITEs & related industries, that leads to the demand for office spaces.  Commercial properties are in huge demand with the increase of hotels, retail outlets and Shopping Malls.

According to Anuj Nangpal, Director of Investment Advisory of DTZ India, Kochi’s Real Estate market is mainly dominated by non-resident Indians (NRIs). The city’s realty market is likely to see a major growth in under construction facilities like Vallarpadam international (shipping) container terminal and technology parks.

Coimbatore

Second largest city of Tamil Nadu has mainly flourishd due to commercial industry. Coimbatore is mainly driven by the textile industry followed by software services, education and healthcare that leads to the growth in Real Estate market.

The growth pattern of the city is likely to change because of several planned infrastructure and commercial projects. Nangpal of DTZ cited that “The region currently has two operational SEZs. Five more are expected to become operational over the next three years. The new SEZs will generate employment and bring migrant population. This is expected to boost Real Estate growth in the city”, reports Business Today.

Himadri Mayank, Senior Manager, research and Real Estate intelligence service, Jones Lang LaSalle India said that, Coimbatore is known for its industries which have become one of the favorite hot spot for the IT industries.

Mohali

The neighboring city to Chandigarh, Mohali, offers a good scope for Real Estate market in India. The Real Estate scenario of the city is optimistic. For instance, Greater Mohali is seeing excellent residential as well commercial development n Landra-Mohali Road, Newly constructed Airport Road, Chandigarh-Delhi Highway, Nayagaon & Zirakpur-Patialal Road areas.

Adding to it are the Pan India developers like Ansals, Emaar-MGF, DLF and Unitech, who have acquired land to change the look of this area by developing mega and multi-sector residential hubs.

With International Airport becoming operational, city will get excellent push to Commercial & Residential development.  The area is also in close proximity to places like SEZ, IT Park, many prominent hill stations like Kasauli, Shimla, Solan to name some.

Lack of space in Chandigarh, the capital city of two states, for residential development and high prices have been another factors for growth of Mohali. This area has seen an excellent growth in Rental market also.

Jaipur

Jaipur, the pink city, has surprisingly made it to the list. This city is not far behind when it comes to property investments. The city hosts some of the best planned and balanced Real Estate developments surpassing other Indian cities in residential, commercial and retail segment.

According to ET Bureau another factor which has led to the boom of Real Estate in Jaipur is that the city offers plenty of options of land availability on the outskirts to address the limited land availability issues within city limits. Moreover, close proximity to infrastructure and easy connectivity to the adjacent towns of Rajasthan has made Jaipur one of the favorable Real Estate destinations in India.