- By Admin
- Jan 29, 2019
- 0 Comments
- 0 Likes
- 1691 Views
Over the past years, the Indian real estate market has seen a massive boom in a number of cities. Factors like proximity to work, great infrastructure, good road connectivity, useful facilities, different amenities, and many others have led to this boom. Plus, there are plenty of options in Indian real estate catering to the property buyers’ requirement and preferences.
If we consider the residential property segment, one can easily choose from a wide variety of properties in India. These can be apartments, villas, plots, studio apartments, row houses, independent houses and townships, all of them in different price segments and with various functionalities included.
Hence, with the availability of various real estate projects that offers ready-to move-in homes, owning a house is not a distant dream anymore. Here is a list of some of the cities with a promising real estate market for residential properties that offer a plethora of options:
Bengaluru is known as the Silicon Valley of India. There are plenty of companies in Bengaluru and due to this very fact; people are constantly looking for affordable housing options to stay near their workplace.
Availability of features like a good road infrastructure and excellent medical and education facilities make Bangalore the favoured city for buying properties. Hence, the city is highly recommended if you want stable returns.
Multiple features such as Peripheral Ring Road (PRR), road widening projects, and the growth of large townships will definitely contribute to the boom in real estate in the city in the future as well. If you are looking for viable real estate options in India, Bengaluru is a city you can definitely consider.
You can watch out for residential areas such as Hoodi village, Whitefiled, Old Madras Road, KR Puram, ACES layout, Kadugodi, etc., for real estate investment.
Due to the presence of various industrial manufacturing units and automobiles of India, Chennai contributes to a large share of employment in the country. In addition to this, many IT companies has started to come up since the year 2000, especially impacting the south of the city. Various e-commerce majors like Flipkart, Amazon, etc., have already set up their warehouses in the city, gradually making it the warehousing hub of the country. These factors have largely impacted the real estate scene in Chennai, making the city among the top growing cities in this respective market.
As a result of these developments, people have started to buy properties so as to stay close to work.
Hence, the residential belt in Chennai has started to see a constant boom because of people investing in Old Mahabalipuram Road, Anna Nagar, Saidapet, T Nagar, Porur, Koyambedu, and various other areas. This has made Chennai one of the top growing cities in India.
Coimbatore, having its name amongst the industrialized cities of the Indian state of Tamil Nadu, has witnessed massive construction in terms of roads and commercial projects in the past few years. Plus, the IT developments in Saravanampatti, for instance, have led to people investing in residential projects to move closer to work.
Apart from this, the presence of a variety of housing options in Ganapathy, Krishna Colony, Perur, Race course, S B colony, G N mills, Pattanam and various other areas in Coimbatore has led to people considering Coimbatore as one of the preferred choices for property investment.
Real Estate Aggregators
Housing has long remained the favoured choice for investment. With options such as live booking available nowadays, property purchase has become much easier. In addition to this, you can always check the recent price trends to make an informed choice. Plus, with features such as EMI calculator, you can plan for the purchase of your property after you search for the property on the basis of the builder or project. All of this can be possible with the help of real estate aggregators.
All of these three cities have exhibited tremendous growth on multiple fronts, and have witnessed urbanization on a rapid scale, which have made them the most preferred hotspots for property investment. These cities promise to cater to the need of thousands of prospective home buyers in India.
You May Also Like
- Understanding Sale Deed in India
- How to apply for a NEW PAN card in India
- Mindspace REIT listing INDIA after Embassy REIT Success
- GOVT considering 100% FDI in completed housing projects
- Karnataka may cut property guidance value value by 5-10%
- Projects under RERA to get six month extension
- TNRERA Extends Project completion date by Five months
- RBI Extends Moratorium On Loans For Another 3 Months Till August
- How To Apply Encumbrance Certificate In Tamil Nadu
- Know all about KHATHA