Top 10 Cities for Property Investment in India

by Harshitha Vardhan Blogger and Traveller

It has been a norm that investing in property in tier-1 cities is unaffordable and not advisable. However, comprehensive research projects the issue differently. With the supersonic speed of urbanization in India, many people are moving to urban areas and the property investments are getting saturated and the prices are skyrocketing. Here, we are listing top ten promising localities which are not only good for the people with small pockets but also makes a good deal for great investments.

1. Hyderabad: Hyderabad’s real estate market has been experiencing an upturn after the bifurcation. The city is honored with an enterprise workforce which results in the resilient economy and the rapid growth. They are behind the steep demand for 3 bhk flats for sale in Hyderabad. Now, the city of pearls is listed in the top 10 property investment destinations in India probably because of the booming IT industry. What is driving the investors to invest in Hyderabad is because of its well-developed social and transit infrastructure that connects to the major workplace hubs like Gachibowli and Hitec city. There are many gated community flats for sale in Hyderabad in sophisticated localities like Miyapur, Kukatpally and Manikonda which promises to get a flexible home at an affordable cost.

2. Chennai: The capital of Tamil Nadu is predominantly a buyer-driven property market as it is one of the most developed cities in India. Chennai hosts a large number IT and service companies which is why more people are moving into this Gateway of South India. The city gained a lot of market value in the real estate sector lately. Perungudi, Siruseri, Sholinganallur are some of the areas you can look into.

3. Navi Mumbai: The city of dreams is one such destination many take back when the investment thing comes into the picture as many assume that it is practically unaffordable. Over the last few years, Mumbai has given birth to many established locations with an impressive growth. Mumbai is a likely place to invest to draw a decent chunk of returns in certain areas like Andheri, Worli, Chembur with Rs 30-50 lakh range.

4. Bengaluru: Bengaluru is considered as one of the cities which has a high cost of living and the second fastest growing metropolitan city. The IT blast has made this city the home of working professionals whose ultimate goal is to claim a house of their prerequisites. However, the real estate market in Bengaluru is quite subtle and stable.

5. Pune: Proximity to Mumbai, Pune is the most effective city where the quality property is offered at an affordable price. Pune is experiencing rapid growth in the investment segment as the city affords ease of commute and suitable for middle-class earnings. Hinjewadi and Kharadi are some recommended areas.

6. Coimbatore: Earlier, the real estate activity was limited to only some commercial developments. However, the emergence of IT has led to many developments and people are moving here certainly. There are upscale localities in Coimbatore like Kovai Pudur and Porur where the amenities are just a few feet away.

7. Visakhapatnam: Visakhapatnam or Vizag is drawing a lot of attention from all kinds of people because of its serene environment and rapid growth in all sectors after the bifurcation of Andhra Pradesh. The city is an eye-candy for the investors as it is the commercial hub of the state. Areas like MVP colony and Madhurawada are preferable for the rich heads where Gajuwaka and nearby localities are for small heads.

8. Delhi: The capital of India is all set to reap a huge return on investments because of its developed infrastructure, tech parks, plots, villas and metro network. Few of the suggestable areas in terms of property investment are Dwaraka, CR Park, South Extension and New Friends Colony.

9. Ahmedabad: Ahmedabad is Gujarat’s largest business and trading hub. The city has its own charm which attracts people to invest and reside in as well. The city ensures an engaging mix of everything for all kinds of people. Bopal, Satellite and SG Highway are some prominent areas to consider.

10. Kolkata: Real estate markets never go down in cities like Kolkata where the growth is eternal. Considering the union budget of 2018, it is certainly beneficial and advisable to invest in Kolkata as the city is stuffed with several luxurious projects with the best facilities at a cost-effective rate.

To be precise, the early stages of development can yield better returns as certain places in India are emerging every day with flying colors. We hope this list clears your cloud of doubts regarding investment at a correct place incorrect time.