Top 5 Real Estate Investment cities in India
Demand for housing is an ever-increasing phenomenon across geographical areas. The demand grows more acutely in high potential areas like metro cities, IT hubs, trade and commercial centres, to name a few. We enumerate the top 5 cities which have a very high potential for real estate investment in the coming years. Take a look.
1. Hyderabad:
Hyderabad, the capital city of Telangana, is the most happening city in the country now. A newly born baby of the country, Telangana, which has been witnessing a spurt in growth of IT sector from the last two decades. They initiated special infrastructural development packages to the city for the last 4 years. This has been a cause for the teeming growth of numbers in young techies and entrepreneurs migrating to Hyderabad which results in the birth of more flats for sale in Hyderabad. Consequently, the demand for housing in the city has been steadily growing and maintaining a sustained growth curve.
Where and why to Invest?
Manikonda: It is one of the nearest areas to the main hub of IT – the Financial District of Gachibowli and HiTech City. The accessibility to work places, well connected road network and availability of basic necessities in close vicinity apart from dependable domestic service providers have provided IT fraternity employees necessary incentives to settle here.
Kukatpally: It is well known as a commercial hub of the city which is well-connected with trade and commercial centres such as Ameerpet, Madhapur, Banjara Hills and etc.,
Gachibowli: The demand of this area is high due to the proposal of aerospace and IT parks. According to a survey it was considered one of the fast-growing localities in Hyderabad which is why there are many announcments roaming around such as, flats for sale in Gachibowli.
According to the last 3 years of statistics (Average price per sq. ft.)
Manikonda: 2015-3500 Rs, 2016-3700 Rs, 2017-4000 Rs.
Gachibowli: 2015-4100 Rs, 2016-4100 Rs, 2017-4150 Rs.
Kukatpally: 2015-3800 Rs, 2016-4000 Rs, 2017-4050 Rs.
2. Bengaluru:
The first city in India where IT boom has started – Bangalore. Now renamed as Bengaluru, the city is home for Electronic as well as IT industries and is famous for large and colourful gardens. This desi-Silicon Valley is also the birthplace for a very large number of Startups which attract qualified and high-performing professionals.
Despite a setback to its serene weather round the year due to high levels of pollution, the city still ranks top when it comes to IT and ancillary service industry. Plus the presence of multiple multi-national companies and premier public sector offices is one reason for the constant growth in demand for housing.
Where and why to Invest?
Kanakapura road: It is the second largest I.T hub located on the southern side of Bengaluru. With its close proximity to the outer ring road, this area is primed to grow at a rapid rate when it comes to housing.
Varthur road: Varthur is a suburb in the Eastern periphery. It is also one of the upcoming areas with eye-catching infrastructure were everything will be available in a locality for an affordable cost.
Sarjapur road: Along with Kanakapura and Varthur, Sarjapur is also congruent to Whitefield and Koramangala. It is also an asset with nice roads and Green Line Metro.
According to the last 3 years of statistics (Average price per sq. ft.)
Kanakapura road: 2015-4700 Rs, 2016-4900 Rs, 2017-5000 Rs
Varthur road: 2015-4000 Rs, 2016-4300 Rs, 2017-4300 Rs
Sarjapur road: 2015-5100 Rs, 2016-5600 Rs, 2017-6450 Rs
3. Vizag:
Vizag or Visakhapatnam is the largest harbour & city in Andhra Pradesh. There is a rapid evolution in all industries after bifurcation of the erstwhile composite state of Andhra Pradesh into Telangana and Andhra Pradesh. It has been grabbing the attention of buyers and investors of real estate agents as the State government is rolling out green carpet to major international entities to set up their base in this coastal city.
Where and why to Invest?
Madhurawada: Madhurawada is Prehistoric Neolithic site and it is included with Convention Centres and amusement parks in 250 acres. Since 2009 the area has come to be a choice of several thousand and still retains its charm and allurement.
MVP Colony: This colony is most preferable for both the rich and the middle-class for its diverse advantages. Gated community flats will find favour of the home buyers in this area.
According to the last 3 years of statistics (Average price per sq. ft.)
Madhurawada: 2015-4500 Rs, 2016-5400 Rs, 2017-5500 Rs
MVP Colony: 2015-4800 Rs, 2016-5400 Rs, 2017-5660 Rs
4. Mumbai:
Since 2005 the real estate is a thriving market in Mumbai, because of the I.T, commercial hubs are developing gradually. It is a most effective city with good infrastructure and also it is a major transit route connecting Ahmedabad highway on one end to Agra highway on the other.
Where and why to Invest?
Navi Mumbai: One of the major localities with the ultimate demand is driving for lands, plots, flats in reality. The increasing employment opportunities and well-planned transportation, International aerospace are the backbone for homebuyers.
Thane: Ghodbunder road was quiet for long back, and now it is a hotbed for residential activity due to the physical and social infrastructure development. It also offers a good connectivity with the Metropolitan region.
According to the last 3 years of statistics (Average price per sq. ft.)
Navi Mumbai: 2015-14,800 Rs, 2016-14500 Rs, 2017-14750 Rs.
Thane: 2015-7850 Rs, 2016-8150 Rs, 2017-8200 Rs.
5. Chennai:
Chennai is considered as an ideal and secure investment place because of its continued demand for home buyers. Especially the southern part is fast growing industrial area consisting all sectors like technology-based, educational institutes, healthcare, automobile and many more production sectors.
Where and why to Invest?
Grand Southern Trunk: GST Road has the best residential and trading market for Chennai. It is the primary hub for employment and education, so many families and employees will choose these localities.
Outer Ring Road: The road network has connected with all extensive localities. It is one of the major infrastructure initiatives by TNRDC.
According to the last 3 years of statistics (Average price per sq. ft.)
Grand southern trunk: 2015-3000 Rs, 2016-3300 Rs, 2017-3500 Rs
Outer ring road: 2015-3200 Rs, 2016-3500, 2017-3800 Rs.
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