4/4/2016, New Delhi: For the buyers looking for opportunities in real estate in India, this year’s budget and government initiatives have got good news. Investing in properties is always a good deal for long term return even if the sector is going through rough patches in the last years. With major crowd driven to buying properties in the tier- 1 cities like Mumbai, NCR, Pune, Bangalore and Hyderabad the prices are reaching heights due to metro connectivity. It is difficult to look for flats within 50 lakhs in these cities, so, the Tier-2 cities are seeing more investment options in this range. The cities listed in the growing overall development can be alternative options of investment if not in the metro cities. If not now they could be a popular residential markets with better infrastructure, market viability and communications. Commercial property in India has seen rise in the major cities with Gurgaon, Bangalore and Mumbai having the major concentration of startups, financial, banking and IT related companies, however there has been low purchasing in the residential segment due to price fluctuations. Some of the promising cities with best prices for end users with small pockets have been listed below:
- Kochi: The city is gaining the position as one of the top IT hubs with privatization of international airport and upgraded sea port holds good chances in the real estate sector. While most of the residential sector is dominated by NRIs, the city has seen a lot of development in the recent years. With projects like metro introduction, growth of IT parks, improvement of the electronic park and operations of the mobility hubs, Kochi can be seen a good investment prospective.
- Ahmedabad: With dominance of textile, engineering, chemical and automobile industries, Ahmedabad is Gujarat’s trading platform. The city has attracted huge chunk in search of better opportunities and is slowly getting converted from an investor driven to an end user market.
- Pune: The known Pune- Mumbai expressway has opened up gates for major investment in this once sleepy city. Most of the investors from out –of- town are now getting interested in this affordable city. International airport and metro rail can increasingly attract homebuyers to this flourishing city that offers properties catering to end users.
- Indore: With plenty of land available the city has a strong infrastructure and auto industry presence. The growing city in Madhya Pradesh has BRTs, super corridor and DMIC (Delhi –Mumbai Industrial corridor) with all the chances to give the best returns.
- Coimbatore: Called as the ‘Manchester of South India’ has concentrated on textiles for years and is now shifting to IT, automobile parts manufacturing and engineering. Bypasses and roads developments has boosted the city in terms of transportation which can become a strong one in considering the city as an investment option. Vist this site : http://www.commercialproperty.findaksh.com/
These suburban areas have been a promised a new plan of development both by the state government and the builders but it would hugely depend on the timelines that is taken into consideration. Before parking the funds consumers must need to look after the infrastructural development and the housing development both should go on simultaneously.