Investing in the real estate sector in Metro cities of India is not a norm anymore. Thanks to the rapid urbanization, Indian government’s ambitious ‘Smart Cities Mission’, and the soaring property prices in Tier 1 cities due to extreme saturation, many satellite towns and residential sub-markets in India have come into the limelight and are experiencing an expansive growth in the reality sector.
So, if you are planning to buy a home in the year 2019, here are the top 7 cities that offer best real estate investment options with impressive infrastructure, excellent transportation facilities, and sustainable market viability:
Pune
A thriving educational hub of India, Pune has seen an accelerated growth in the property development sector in the recent pass. Hassle-free commutation to Mumbai via Mumbai-Pune Expressway, development of metro rail, and establishment of Rapid Bus Transit System has made Pune an ideal residential investment destination for home buyers in India.
The city offers properties for all kinds of investors and home buyers. Whether you are looking for an affordable housing project in Pune, properties in mid-segment range, or are planning to buy a luxurious villa, the city provides multiple options to choose from.
Where to Invest?
If you are planning to buy a property in Pune, Whagoli, Kharadi, Wakad, Hinjewadi, Vishrantwadi, Dhanori, and Ravet are some of the best areas to scout.
“The saturation of metro cities of India in terms of real estate development has escalated the growth of residential properties in the sub-urban cities. This shift is further strengthened by booming infrastructure, enhanced connectivity, and pocket-friendly price option.”
Hyderabad
Hyderabad is another city that has witnessed an upsurge in residential housing demand. The city is set for some major infrastructure development like elevated metro line, flyovers, and IT parks, which has further fueled the demand for residential properties in Hyderabad. Many major reality developers of the country have set up their projects in and around IT/ITes sectors and offer various properties to mid-budget and high-end home buyers.
Where to Invest?
Hitech City, Jubilee Hills, Gachibowli, Banjara Hills, Begumpet, Panjagutta, and Himayath Nagar are some of the top property destinations in Hyderabad. Whereas Rajendra Nagar, Manikonda, and Kokapet are Hyderabad’s upcoming residential markets that are in close proximity to the IT sector.
Bangalore
A city of aspiring IT employees, Bangalore is one of the fastest growing cities of India. It has always enjoyed a pleasant share in the realty market with a continuous rise in the demand for property by both home buyers as well as property investors. World-class infrastructure with superior amenities, affordable prices, and quick capital appreciation make Bangalore an ideal investment destination.
Where to Invest?
Planning to buy a property in Bangalore? Head to Yelahanka, Hebbal, Devanahalli, Kanakapura Road, Sarjapur, and HSR Layout for various lucrative housing options and stellar deals and discounts.
Ahmedabad
The city is driven by outstanding infrastructure development and property growth, and offers unprecedented returns on investment. Due to ultra-progressive government policies, growth of industries and smart governance, Ahmedabad is one of the most promising real estate investing destinations of India. In fact, the residential sector in Ahmedabad has seen around 50% appreciation in the last three years.
The construction of Gujarat International Finance Tec-City and the launch of Ahmedabad Metro will further boost property growth in the city.
Where to Invest?
While areas like Narol, Naroda, Vatwa, and Vasrat offer multiple projects in affordable housing segment, Vasna and Paldi should be your choice if you want to buy properties in the premium segment range.
Chandkheda, South Bopal, Shella, Ghuma, Shilaj, and Koteshwar are some of the other areas that should definitely be on your list if you are planning to buy a new property in Ahmedabad.
Noida & Gurgaon
New Delhi, the national capital, always witnesses a steady influx of job seekers and career aspirants. Though the property sector in NCR is witnessing a slow growth phase, the micro-markets of Delhi, i.e., Noida and Gurgaon (now known as Gurugram) still have a huge demand for affordable housing. With superior infrastructure, good connectivity, high-end amenities, and ease of living, residential properties in Noida and Gurgaon promise to give favorable returns.
Where to Invest?
Noida-Greater Noida Expressway and Noida Extension are the top affordable residential property destinations of the city, whereas, Sohna road and Golf Course Extension in Gurgaon are the preferred luxury destinations of India.
Thane and Navi Mumbai
Mumbai, the financial capital of India, has always been a hotbed of real estate activity in the country, with thousands of people migrating to the City of Dreams every year to earn a fortune. The soaring prices of property in Mumbai have given way for the rapid development of sub-urban areas of Mumbai – Thane and Navi Mumbai, which offer comparatively better priced properties for residential and commercial use.
Where to Invest?
If buying a house in Mumbai looks like a distant dream, the sub-urban areas of Mumbai may offer you a number of affordable housing projects at relatively low entry prices.
Check out properties in Ghodbunder Road and Pokhran Road in Thane for good budget housing options. In Navi Mumabi, Khargar, Panvel, and New Panvel have emerged as the best property hotspots.
Chennai
With the establishment of a number of auto manufacturing units, industrial manufacturing units, and warehouses in the city, Chennai is the largest economic hub of India. Various IT companies have also instituted their base in Chennai. This has led to an increase in employment opportunities in the city and a rise in the demand of affordable properties in Chennai. The establishment of RERA committee, rapid infrastructure development, and the availability of good quality, ready-to-move houses have further accelerated the residential reality sector in the city.
Where to Invest?
Due to the presence of IT companies, South Chennai is the preferred residential zone in Chennai, closely followed by the western areas of the city. Singaperumal Koil, Siruseri, Medavakkam, Sholinganallur, Grand Southern Trunk Road, Porur, Pallikaranai Perumbakkam, and Kelambakkam are the areas that have seen a good customer base in the past years.
Buying a house is a lifetime decision. That’s why, it’s best to choose a location that offers superior connectivity and maximum return on investment. Visit https://www.addressofchoice.com/ to find exclusive residential properties that best suits your style, budget, and location.
