Although the last few years have been rough for the real estate sector, there are signs that the demand is increasing in a few micro-markets within different cities. India is a radical, populated, young country that is continually developing the system which shows that along with other industries the Indian real estate sector can be accelerated in this upcoming decade. With the Indian governments’ real estate schemes and specific attention on housing for all citizens, and as well as Brokerage free platform for sellers, brokers, and buyers from the Honest Broker the Indian real estate sector is undoubtedly on the right track for the long run.
Here is the list of India’s top 7 real estate cities where the prices are on a swing.
Mumbai is one of the 20 most expensive real estate cities in the world. It has few areas that have relatively affordable prices, and the demand for real estate is also high.
These include Chembur, Goregaon East, and Ghatkopar West, where high demand has been seen because of the Metros and the recently-built Eastern Freeway, which provides proper connectivity.
Likewise, Navi Mumbai is also an excellent place to invest in real estate, because of its well- organized infrastructure and accessibility to Mumbai.
When IT companies returned to Hyderabad, it saw the highest rise in India’s real estate prices in 2018.
Due to an increase in IT, banking, and other financial services-related jobs, Madhapur and Gachibowli witness many activities in the real estate market. Therefore, Hyderabad has become one of the best cities to invest in real estate in India.
Delhi is another great city for real estate investment in India. Areas like Uttam Nagar and Dwarka have comparatively lower real estate costs and have improved their metro connectivity, resulting in a rise in demand.
L-Zone, which lies between Dwarka, Gurugram, and IGI Airport is again an extremely favourable location and is another right place to invest in real estate.
Bengaluru is a hub for India’s IT sector and start-ups and has a continuous flow of people moving into the city.
Residential areas around Whitefield and Electronic city are an excellent place to invest in real estate as their prices are on a hike.
Marathahalli in Bengaluru has witnessed the maximum interest for real estate investment, and this is because the Sarjapur-Marathahalli Outer Ring Road is exclusive for the IT sector.
According to property consultants, there is an increase in Vishrantwadi area prices, which is close to the airport. Wadgaon Sheri near Nagar Road in Pune is also a right place for investing in real estate.
Here again, the Prices are gradually picking up, and seem to move upwards quite steadily. Another great place in Pune to invest in real estate is Kothrud from where it is easy to connect to the Mumbai-Pune Expressway, and therefore, it is witnessing interest from real estate buyers.
Earlier the real estate activities in Coimbatore were handled by small commercial developments, offices of local businesses, high street retail, and individual houses.
But with the rise of the IT/ITeS sector, there are more organized retail developments and an increase in the cost of land has paved the way for group housing built by local and national developers.
In Ahmedabad, there is a rise in employment opportunities because of the various industries in the city — this increase has captivated talent from all over the country and converted the investor driven real estate market into an end user-driven market.
Infrastructural projects like the BRTS and Outer Ring Road have opened up peripheral locations for real estate investment in these areas.
In my opinion, In recent times, a homebuyer’s decision on real estate investment in India has been diluted by several stalled residential projects, high expectations for price corrections, thereby increasing economic uncertainty. The COVID-19 outbreak has further increased the anxiety relating to the possible retard in project completion and their financial reliability. Nonetheless, homebuyer’s demand for real estate investment has risen continuously for various locations in different cities because of varied factors like upcoming transport, infrastructure projects, industry activity, or a demand-supply disequilibrium. But if we focus on target cities or some specific areas, we can undoubtedly grab a good opportunity. There are some platforms are present that help you to get the dream deal according to your need Honest Broker is one of them who have professionally trained experts that are ready to serve you 24*7. Even you can post free property ads free without any charge. So, what you are waiting for get ready to invest in Real estate and make your dream comes true.