Global real estate market might be dull right now but some of the Indian cities are making headlines. Domestic real estate is thriving so much that foreign investors and NRIs have shown keen interest. Center of attraction has been a bunch of IT exporting and smart cities in India.
If you wish to ride the high tide that property in India is witnessing, check out top five cities that promise good return in real estate:
Pune is three hours’ drive away from Mumbai and it is the second largest city of Maharashtra.This cyber city has all amenities that one would seek for a holistic lifestyle. Pune has an airport to its name, a railway station and abundant job opportunities in the IT hubs of Wakad, Hinjewadi, Kharadi and Hadapsar.
Like Pune, Navi Mumbai is another satellite city of Mumbai. Infrastructural development started here in 1972 with the inception of CIDCO. The region enjoys great connectivity to the eastern suburbs of Mumbai such as Mulund, Chembur, Bhandup and Ghatkopar through the Eastern Express Highway. Many infrastructural projects are underway, including the proposed International Airport, Special Economic Zone (SEZ) and Metro railway.
Ever since the birth of the IT industry in Gurgaon, real estate market in Gurgaon has blossomed. Add to that, proximity to international offices, the Rapid Delhi metro, numerous shopping malls and other social amenities. If money is not a barrier for you, then Golf Course Extension Road and Golf Course Road are two micro-markets where you can invest.
This city has huge potential. It will be developed with the better and basic infrastructure through assured water and power supply, sanitation and solid waste management, efficient urban mobility and public transport, IT connectivity, e-governance and citizen participation.
Real estate market has taken off, thanks to inception of smart cities in India. As economy is growing, people in the country are increasingly investing money in different sectors – Real estate is one of the prominent ones.