Real estate is more than just a financial asset. It is a home full of memories, an office full of promise for the future, a nursery where a child takes the first step, a chance to boost your investment portfolio, and so much more. Real estate investments can open up varied possibilities for you. However, in order to tap on these, you must buy a property in the right city and locality.
Here are some of the best cities in India to invest in real estate:
The city of dreams that has changed the lives of numerous people is one of the best real estate destinations in the country. Home to some of the biggest industries, companies, projects, malls, hotels, and more, living in the city is nothing short of fabulous. The majestic skyline of Mumbai and the pristine sea views make real estate in the city a great investment asset.
Right from residential to commercial prospects, there is a lot the city can offer. Some popular areas include the Sanjay Gandhi National Park in Mulund, the Mahalaxmi Racecourse in South Mumbai, etc. Piramal Realty offers splendid luxury residential apartments in many of the prime locations in the city.
Another thriving city in Maharashtra, Pune, has a lot to offer. Its proximity to Mumbai, thanks to the Mumbai Pune Expressway, opens up a myriad of possibilities. Pune has several upcoming real estate avenues, including the Pune International Airport. Besides, the city can be an excellent residential investment because of its affordability.
Pune has great educational institutions, including the Bharati Vidyapeeth University, Symbiosis International University, and more. Pune is a superb employment hub, too, with many Fintech, finance, and IT firms dominating the commercial space.
Buying a home in Chennai can provide you with the experience of rich cultural heritage, sumptuous food, beautiful sea views, and more. Chennai has many upcoming projects that are likely to boost real estate prices in the near future.
The Chennai-Kanyakumari Industrial Corridor and the metro expansion are two things to look forward to. The Chennai- Bangalore highway is also underway that will cut the distance between the two major cities of South India. Buying a property here can be an excellent investment.
The IT industry is booming in the city of Bangalore, birthing several employment opportunities as you read this. Bangalore is one of the best cities in India to invest in real estate if you are interested in the southern part of the country. The low stamp duty charges and the best residential infrastructure make the city ideal for home buyers. The city also boasts outstanding educational institutions, hospitals, and parks.
Moreover, Bangalore is growing at a rapid pace and can be perfect for commercial real estate investments too. There is a reason why Bangalore is the start-up capital of India. Purchasing land here can be the start of something great for you as well.
A close competitor to Bangalore, Hyderabad is another booming IT city that can be suitable for those in search of employment or commercial opportunities. The city is quite affordable compared to other metros in the country and offers a good blend of modernity with some old-world charm. Gachibowli, Banjara Hills, Kukatpally, etc., are some residential areas that offer great homes with new-age amenities.
- Delhi – NCR
The expansion of Delhi NCR borders to include Gurgaon, Noida, Ghaziabad, Faridabad, and others has presented some excellent real estate investments for home buyers and investors alike. While the prices in Delhi may be relatively high, neighbouring cities that are now a part of the national capital region are able to offer cost-effective deals. The fast pace of growth in NCR is a testament to the fact that buying a property here can provide a great return value.
Moreover, Delhi is known for its cultural attractions, which include beautiful gardens, Mughal ruins, old marketplaces, delicious food, the metro, and more. The University of Delhi is a premier institution in the country. Delhi also offers top medical services with hospitals like AIIMS, Vedanta, Apollo, and more.
These six options are some of the best cities in India to invest in real estate. In Mumbai, luxury apartments and quality real-estate constructions of developers like Piramal Realty are a standard to look up to, be it in terms of investment or buying a new home. If you’re looking for a home in another city, be sure to have a checklist of all your expectations!