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Real Estate in India has enjoyed a real boom in recent times. With a sizzling 30% growth rate, Real Estate is one of the best investment fields for domestic as well as foreign investors. At present, Real Estate is the largest employing sector in India and is connected to almost 250 auxiliary industries.
BANGALORE:
Bangalore or Bengaluru, as it is called nowadays, is a mix and match of people of all ages and races. It is also well known as an unparalleled industrial and commercial center. A rapid growth in the software industry has resulted in Bangalore being termed as the “Silicon Valley of India”. Bangalore has living options for all classes of people. Cheap one bedroom flats are available in plenty for students. Luxury housing options for professionals are available in plenty too. The perfect climate and cosmopolitan ambience has added to the charm of the city. Bangalore is one of the choice destinations for FDIs on joint ventures. At Bangalore it is easy to find reasonably priced land as well as a variety of other living options.
CHENNAI:
Chennai, the automobile capital, is the fourth largest metropolitan of India and consequently a very important city in terms of relocating. It is a large commercial as well as industrial center making it one of the most desired destinations for job seekers. Real Estate investments made in Chennai are guaranteed to be profitable ventures as the city is evolving steadily in business perspectives. A lot of foreign investors too have been attracted by the rapid development in Chennai, resulting in improved housing facilities.
DELHI:
The Real Estate sector attracts a lot of foreign investors, especially NRIs. Property developers and builders in Delhi have taken advantage of this Real Estate upsurge to construct new commercial properties. Most of the Real Estate deals in Delhi are limited to just buying or selling a house, but that too has taken the form of investments. Having a home is mandatory whereas buying a second or third home is just a good investment prospect.
Buying properties in Delhi is easy and one can easily get a house, flat or plot in a good locality within Delhi. Improved infrastructure due to the introduction of the Metro Rail service has made even the far flung areas quite desirable. Southern Delhi localities are quite famous for farm type houses while areas located near the airport have plenty of residential flats.
GURGAON:
Real Estate in Gurgaon, which were once available at throw away prices, is now definitely on the luxury end of the market. However, property developers are coming up with housing solutions that will enable people for all segments of the market to own or rent property in Gurgaon. The current as well as future prospects of Gurgaon as a residential as well as commercial area make it one of the hottest suburbs for investments.
As far as investors are concerned, Gurgaon is better than other cities chiefly because of quality construction work and inventive additions that are advantageous to the home buyers.
HYDERABAD:
As with other cities prospering from the IT boom, Hyderabad is also a witness to rapid growth and development. This development is accompanied by an increase in Real Estate prices. There is usually a fluctuation due to factors like demand-supply ratio, location of the property as well as buyer’s opinion.
But, on the whole, there has been an extraordinary increase in the demand for land in recent years. Land values in areas close to the commercial areas as well as central Hyderabad have seen a sharp rise in prices. However, rented accommodations offer good value at reasonable costs.
KOLKATA:
In Kolkata, Real Estate is currently at an all time high growth phase. The most prospective sectors are Offices, Hospitality, Retail and Residential ventures. The monetary value of Real Estate has gone up significantly in the last few years due to speedy industrialization and better infrastructure. Real Estate demands have gone up ever since the emergence of the Information Technology and related fields.
Real Estate in Kolkata is also driven by factors like lower costs of acquiring lands, plenty of government initiatives, low prices of assets and the easily available scalable infrastructure. In recent times, property values have shown a steep increase in prices. This is especially true of the southern and central localities.
MUMBAI:
The commercial and business capital of India is one of the most favored destinations for Real Estate investments. Owning land in Mumbai is considered to be a big asset as it earns high dividends. Mumbai Real Estate is particularly favorable for NRIs. The investments promise high returns at a low cost base.
NAVI MUMBAI:
Navi Mumbai, which was developed as a subsidiary residential city, has prospered into a mini cosmopolitan city by itself. Demands on Real Estate deals have reached sky high in Navi Mumbai. The property values in Navi Mumbai have reached almost the same level as those in Mumbai. Investing in property in Navi Mumbai is a viable prospect as it fetches high returns.
The best part of Real Estate dealings in Navi Mumbai is the easily availability of desired rental accommodation or ownership properties. In spite of increasing demand, the local authorities and private builders come out with various housing solutions that make it possible to own or rent all kinds or housings including villas, bungalows and luxury flats.
NOIDA:
Noida, which till a few years ago was known Delhi’s poor cousin, has witnessed tremendous growth recently. Residential as well commercial buildings jostle for space with each other in this bustling town. At present, Noida is the most urbanized and modern city in India. Almost all of the major companies have offices in Noida. Naturally, property demands in Noida are also ever increasing. Property values in Noida are sky high and boast of an extremely luxurious lifestyle. Infrastructural facilities such as hospitals, schools and shopping malls are in plenty and contribute towards the high quality of life led by residents of Noida.
However, the development of Noida is wholly the concern of government authorities which is a strong motivating factor for people to look for property in Noida in spite of ever increasing prices.
PUNE:
Pune is one of the best residential destinations for investors. Pune is a cosmopolitan city that preserves the beauty of its historical past and has been progressing rapidly at the same time. Of course, Pune has not been totally immune to the IT and software developments. A lot of the major software companies have set up offices at Pune. Apart from that, Pune is also a major draw for students as a center for higher studies.
Property values in Pune are reasonable and provide high returns on investments. As the FDI policies in India are very liberal, Real Estate investments in Pune are worthy of consideration.
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