Why Investing in Flats in Mumbai is a Smart Move: Top 5 Benefits
Oct , 25
Top Indian Cities for Real Estate Investment – Part 1
If you’re looking to invest in real estate, you’ll want to know which cities in India are the best for doing so. This can be a difficult task, as there are many factors to consider. However, we’ve compiled a list of the Top Cities in India for Real Estate Investment, based on a number of factors including economic stability, population growth, and infrastructure development. Let’s check out.
BEST CITIES FOR REAL ESTATE INVESTMENT IN INDIA
Navi Mumbai:
Navi Mumbai is famous for its well designed residential properties and one of the most popular choices to invest in real estate due to the upcoming Navi Mumbai International Airport. The first phase of the airport project is expected to be completed by the year 2024, post which the job opportunities will increase in the city along with the demand for residential and rental properties.
Notable Advantages:
- Favorable government policies like the CIDCO housing program ensures to provide houses to EWS and MIG people residing in Navi Mumbai. Similarly, under this scheme, the state government aims to give about 90,000 flats to the Economically Weaker Section (EWS) and Middle-income Group (MIG) of people.
- Healthcare services available like the Apollo Hospital, MGM Hospital, Reliance Hospital, etc
- Employment opportunities in IT Sector, banking, manufacturing companies, MNCs, etc
- Educational facilities available from the MGM College, Ramrao Adik Institute of Technology, Pillai College of Engineering, etc.
- Upcoming major Infra projects include:
√ Navi Mumbai International Airport
√ Mumbai Trans-Harbour Link (MTHL)
√ Navi Mumbai Corporate Park
Pune:
Pune accounts for about 13% of the state’s GDP. It is soon going to be a megacity because of its strong connectivity, technologies and multiple industries. The property values in Pune provide the homeowners with an appealing ROI which makes it one of the top places for real estate investment in India.
Notable Advantages:
- Favourable government policies like the PMAY have been launched to construct about 6000 inexpensive flats for the city’s population and till now 4884 units have been distributed to the PMAY recipients.
- Healthcare services available like the Aditya Birla Hospital, Jehangir Hospital, KEM (King Edward Memorial) Hospital, etc.
- Employment opportunities in IT companies, banking, finance services, manufacturing sector, MNCs, etc
- Educational facilities available from Savitribai Phule University, Symbiosis Institute of Media and Communication, Dr D Y Patil Vidyapeeth, etc.
- Upcoming major Infra projects include:
√ Pune International Airport
√ Mumbai Pune Expressway
√Industrial Park
√ High Capacity Mass Transit Route (HCMTR)
Mumbai:
Mumbai is considered as one of the world’s fastest expanding cities which makes it an excellent choice for real estate investment in India. During the first quarter of 2021, the property registrations climbed till 70% increasing the overall real estate sales by 49%. It is considered as one of the most expensive cities to invest in. However, there are several growing localities in Mumbai, such as Thane, Malad West, Mulund, Kandivali, and Goregaon ODC,which are sought to be the finest for beneficial property investment.
Notable Advantages:
- Favourable government policies Jal Jeevan Mission has been created to enhance the quality of water supply in 4400 urban local bodies.
- Healthcare services available like the Wockhardt Hospitals, SevenHills Hospital, Nanavati Hospital, etc
- Employment opportunities in textile, pharmacy, electronics, entertainment, manufacturing companies, MNCs, etc
- Educational facilities from St Xavier College, D G Ruparel College of Arts, IIT Bombay, K J Somaiya College of Arts, Mumbai University, etc
- Upcoming major Infra projects include:
√ Mumbai Metro
√ Mumbai Trans-Harbour Link (MTHL)
Thane:
Thane is the new favourite city for buying affordable as well as luxury residential properties with excellent connectivity to Mumbai. There has been significant economic and social infrastructure growth in Thane in the last few years, which has led to an increase in the investment rates. Even the city’s real estate market has gained traction with about 20% growth in the first quarter of 2021.
Notable Advantages:
- Favourable government policies like PMAY (Pradhan Mantri Awas Yojana) and RERA (Real Estate Regulatory Authority) along with Credit-Link Subsidy Scheme launched recently.
- Healthcare services available like the Jupiter Hospital, Horizon Hospital, Fortis Hospital, etc
- Employment opportunities in IT companies, manufacturing industries, MNCs, etc
- Educational facilities from KC College of Engineering, Asmita College of Architecture, Dr V N Ambedkar Institute of Management Studies, etc
- Upcoming major Infra projects include:
√ Metro Project
√ Tunnel Road
√ Coastal Road
√ Urban Rail Transit System (LURTS)
Chennai:
The two most important factors that make Chennai one of the best Indian cities to invest in real estate are its low-interest rates and the various reduced offers given by the city’s prominent developers. The city has some well-experienced and qualified builders who work really hard to make each project exceptional. In the first quarter of 2021,approximately 4,500 new housing units were built in the city. And now, the city has been expanding its growth of the outlying areas which provide more purchasing options.
Notable Advantages:
- Favourable government policies like The Chennai Metropolitan Development Authority is working on the third master plan,which will be implemented between 2026 and 2046 and is said to focus on boosting subsidized housing.
- Healthcare services available like the Fortis Malar Hospital, Apollo Hospital, Frontier Life Line Hospital, etc
- Employment opportunities in automobile sector, manufacturing industries, MNCs, etc
- Educational facilities from Presidency College, IIT Madras, Madras Christian College, etc
- Upcoming major Infra projects include:
√ Chennai-Bangalore Highway
√ Chennai-Kanyakumari Industrial Corridor (CKIC)
√ Chennai-Bangalore Metro
Investment in real estate in India can be a rewarding experience if you choose the right city. With a little research and due diligence, you can find the perfect property in India to invest in and make a healthy return on your investment.
