There are many factors that determine how, when, and where you decide to invest in real estate. Some of them include where you live, if you want to live in the house you’re investing in or if you want to use it as an investment and earn rent from it, how much are you willing to invest, how many rooms do you want, what amenities do you want and so on. All of these are important questions that need to be answered before you make a massive investment. However, if your questions are which kind of cities or areas are a good form of investment in real estate, then here read on about these potential places with a promise on your returns.
Considered one of the safest cities in the country, Chennai has had a steady increase in real estate. Also, like all metropolitan cities that are within the Indian heartland and have the ability to expand, Chennai too has expanded to engulf towns and villages around it. Old Madras Road also famously known as OMR is bustling with real estate because of its easy access to Tidal Park, the IT Park. Also if you look at North Chennai, Madhavaram is one area that cannot be excluded in the list. Right from Green Buildings, 2BHK Flats to Luxury apartments, everything can be found in this fast developing area. Some other areas that are good for investments are Grand Southern Trunk Road (GST Road), Tambaram and Poonamalle High Road.
Bangalore is also referred to as some as the silicon valley of India. Subsequently, Bangalore has grown, become crowded and expanded. Areas around the IT hub like Whitefield, Marathahalli, Sarjapur Road and Electronics City have become good investment options for people that work around that area. Additionally, areas like Hennur, Devanahalli, and Yelahanka that have easy access to the new International Airport are also amongst the more sought-out options.
Pune is just three hours away from Mumbai, and is the second largest city in Maharashtra. It is also an IT hub. This means that a lot of people flock to the city from time to time in search of work. Some popular areas include Wakad, Kalyani Nagar, and Wagholi is the top three areas that host a good capital profit in Pune. The Mumbai-Pune express highway areas such as Paud Road and Kothrud are also popular since the real estate prices are relatively low. If you are looking for some peaceful residential areas in Pune, then consider buying a home in Pimpri Chinchwad – an area that boasts enormous new residential projects.
Also called the satellite city of Mumbai, Thane has great connectivity to Mumbai the financial capital through the Western Express Highway and Ghodbunder Road. There are many flats coming up in Thane west that seem affordable for salaried people who want to travel to Mumbai and back on work. Mira Road, Borivali, and Dahisar in Mumbai are fairly closer to Thane making it very convenient.
Think IT in the north of India and think Gurgaon. Since it’s IT boom it has become one of the places where real estate has picked up. Gurgaon is a host to sprawling penthouses and bungalows with golf courses that are preferred by senior executives. Golf Course Road and Golf Course Extension Road are two posh areas that are effective. Sohna Road, NH8, and Sector43 are also hotspots.
Another satellite city near Mumbai connects to the Eastern suburbs through the Eastern Express Highway. Navi Mumbai was an initiative of CIDCO in 1972. Navi Mumbai is especially popular for low budget flats, wherein 1BHK flats can be availed in less than 15 Lakhs. Also, the suburbs in Mumbai including Chembur, Bhandup, Mulund and Ghatkopar are easily accessible to Navi Mumbai.
Noida, short for the New Okhla Industrial Development Authority, is one of the few cities in that has been systematically planned. Covered by Delhi, Ghaziabad, Greater Noida, Dadri, Faridabad and stretched up to Gurgaon to an extent, Noida is halfway situated in the NCR. That makes Noida a most sought destination for residential and commercial purposes as opposed to any other nearby city. It is under the management of the New Okhla Industrial Development Authority. Some of the more popular places to invest here are Noida, Greater Noida, and Noida Extension.
This city has seen a lot of interest from the IT industry, this automatically ended up making the real estate better in this city in Andhra. Areas like Appa Junction, Gachibowli and Kukatpally are some of the areas in Hyderabad are certainly attracting a lot of attention from realtors and investors alike.
Kolkata is an old city but real estate still is a relevant investment there. Especially with the recent improvement in infrastructure in the country, real estate seems all set to get better here. Some of the places that seem like a good investment include EM Bypass, Rajarhat, New Tow and Behala.
The second largest city in Tamil Nadu has over the years seen a lot of industrial growth. Once a haven for small commercial developments is now attracting organized retail developments as well. Some areas like Avinashi Road, Trichy Road, Saravanampatty, Race Course, Ganapathy, and Vadavalli are hoping to see a lot of traction in real estate in the coming years.
Given that most of these are metropolitan cities, they obviously seem like sure shot options. However, it is important to remember that India is a developing country and a lot of investments are also going into tier II and tier III cities. Cities like Bhubaneswar, Cuttack, Ahmedabad, Visakhapatnam, etc. are also fast becoming great places to invest in real estate. So, there are also these options that you can look into as future investments if the investment is your aim. Remember, that at the end of the day there is no substitute for research and always run your investments through a good lawyer that you trust before investing huge sums on a venture.