Why Investing in Flats in Mumbai is a Smart Move: Top 5 Benefits
Oct , 25
Top Indian Cities for Real Estate Investment-Part 2
India is a vast and varied country, and there are many cities that are ripe for real estate investment. But with so many options, it can be difficult to know where to start. To make things easier, we’ve compiled a list of the Best Cities in India for Real Estate Investment.
We have already compiled the opportunities in 5 of the Indian cities in our Part 1 article. Today we are going to look at 5 more cities. Whether you’re looking for growth potential, affordability, or a mix of both, these cities have something to offer.
TOP INDIAN CITIES FOR REAL ESTATE INVESTMENT
Bangalore:
The key reasons to choose Bangalore as a real estate investment destination are plenty, be it the convenience of living, booming IT parks and manufacturing centres etc. Places like Indira Nagar, Lavelle Road, Koramangala, MG Road, etc are ideal to purchase a property in Bangalore.
Notable Advantages-
- Favorable government policies like the Karnataka Planning Authorities Rules, 2020 have been amended to reduce the improvement cost from 0.5-1.5% to 0.2 – 0.5% in order to ease the burden on buyers.
- Healthcare services available in Manipal Hospital, Fortis Hospital, Hebbal, etc.
- Employment opportunities in manufacturing industries, IT sector, automotive firms, MNCs, etc.
- Educational facilities from the National Law School of India, NIFT,IIM, etc
- Upcoming major Infra projects include:
√ Bangalore- Mysore Infrastructure Corridor
√ Hyperloop corridor between the Kempegowda International Airport and Bengaluru CBD area
√ Metro line Phase 2A and 2B
Hyderabad:
Today, Hyderabad is one of the most inexpensive locations for Real Estate Investments in India. The city is known for its low cost of living as well as excellent infrastructure. Hyderabad is so well-connected by a comprehensive highway network such as the NH44, NH765, etc.
Notable Advantages:
- The state government has come up with user-friendly regulations that are transparent and digital, using updated technology and infrastructure. The state boasts the most Special Economic Zones (SEZs) in the country, with about 56 recognised SEZs, 34 of which are operating, being the second-highest number in the country.
- Healthcare services available like Aware Global Hospital, Continental Hospital, Apollo Hospital, etc
- Employment opportunities in IT companies, electronics, textile, etc.
- Educational facilities from the University of Hyderabad, IIT, National Institute of Pharmaceutical Education and Research, NIFT, etc.
Noida:
The well planned infrastructure and affordability of Noida have been the primary factors of real estate investors to invest here. The city includes inexpensive houses and several amenities that make it worthwhile.
Notable Advantages:
- In 2021, the Delhi Development Authority announced a new housing scheme which would result in the construction of about 1300 residences.
- Healthcare services from Kailash Hospital, Felix Hospital, Surbhi Hospital, etc
- Employment opportunities in textile, MNCs, manufacturing companies, etc
- Educational facilities from the Institute of Management Studies, Birla Institute of Management Technology, Noida International University, etc
- Upcoming major Infra projects include:
√ Jewar Airport
√ Infotainment zone
√ Six new sectors
Kolkata:
Kolkata is known to be the most economical real estate investment location because of the expansion of various infrastructural facilities around the city. Recently there has been an increase in sales volume and development of new projects in the city.
Notable Advantages:
- The state government has implemented a 60% remission on the interest on property tax dues.
- Healthcare services available like Medica Superspecialty Hospital, Apollo Gleneagles Hospital, etc
- Employment opportunities in manufacturing companies, agro-industries, real estate sector, IT sector etc
- Educational facilities from West Bengal National University of Juridical Sciences, NIFT, IIM, University of Calcutta, etc
- Upcoming major Infra projects include:
√ New Garia- Airport metro corridor
Ahmedabad:
The city’s real estate market has been growing at a rate of 2%-4% every year. The Ahmedabad Smart City Project is ongoing and post completion, this city will be considered amongst the country’s first 20 smart cities.
Notable Advantages:
- Mukhyamantri Audyogik Shramyogi Ane Industrial Housing Awas
- Affordable Rental Housing Complex (ARHC)
- Healthcare services available from Apollo Hospital, SAL Hospital, Sterling Hospital, etc
- Employment opportunities in manufacturing companies, IT sector, BPOs, KPOs, etc
- Educational facilities from IIM, National Institute of Pharmaceutical Education and Research, etc
- Upcoming major Infra projects include:
√ The Ahmedabad Urban Development Authority (AUDA) has proposed to build 6800 hectares of land on the outskirts of Ahmedabad, offering a variety of residential housing options there.
India is one of the most promising real estate markets in the world. The country offers a huge potential for growth and investment. These cities discussed above and the previous article offer a good mix of infrastructure development, economic stability, and population growth. So, if you are looking for a good return on investment, then investment in real estate in India is a good option.
