Top 5 Indian Cities To Invest In Real Estate
As real estate in India becomes an increasingly popular asset in the portfolios of Indian investors, it becomes all the more important to know where you need to place your hard-earned money in order to expect the best possible returns on investment.
Not so surprisingly, the past few years have witnessed tremendous amount of real estate development; not just in big metropolitans but also in nearing suburbs and in some places, small towns.
With a keen focus on the developments of the realty market of India, we bring to you a list of the top 5 cities to invest in real estate in India. Read on, and gain clarity on which real estate investments can bring you the best possible ROI:
1. Delhi – NCR: Being the prominent National Capital Region and also a bustling corporate and industrial hub with a rising migrant population influx, New Delhi and its neighbouring cities is undoubtedly one of the best cities to invest in real estate in India. Right from the high-end areas of New Delhi, Noida and Gurgaon to suburbs and satellite cities like Noida Extension, Greater Noida, Sohna Road and Bhiwadi, real estate in Delhi NCR is considered to be one of the best investment opportunities in the nation as it is expected to see growth in the years to come.
2. Mumbai: Not only is the tinsel town of India its biggest financial draw, but is also touted as one of the most promising real estate investment destinations in India. With rewarding appreciations in value and increasing development in areas like Chembur, New Worli and the upcoming Eastern Freeway Project, real estate in Mumbai has options aplenty and promises assured returns to investors.
3. Pune: The next biggest real estate hub in Maharashtra after Mumbai, Pune offers everything from luxury homes and affordable housing units to office and commercial spaces for investment purposes. Bordered by rapidly developing areas like Hinjewadi, Wakad and Tathawade, Pune has thousands of acres of real estate projects going on everywhere around it, and the time is right to make an investment here. The corporate hubs around western Pune have led to a surge in the working population looking to invest in residential property in Pune, and thus predict a steady rise in real estate prices.
4. Bangalore: The Silicon Valley of India has always been a preferred city when it comes to real estate investments, and with areas like Hebbal, Krishnarajapuram and North Bengaluru developing at a fast pace, the coming years are also said to assure good returns to investors.
5. Chennai: Chennai's burgeoning real estate demands have led to a wave of development in Chennai's suburbs as well as adjoining areas like Avadi, Sholinganallur and Singaperumalkoil. This successful expansion, along with the upcoming corporate hubs and residential enclaves along the GST Road and Old Mahabalipuram Road are a good sign for real estate in Chennai and investors should keep a close watch on these developments.
For more details on real estate projects in these and other metros, visit PropTiger.com.