Top 5 cities to invest in India.
In the last 15 years, there was an excellent growth in IT/ITeS, Telecom, Banking, Financial services and Insurance sectors in India which has increased the demand for residential units. Some of the top five cities in India include Hyderabad, Bengaluru, Ahmedabad, Mumbai and Chennai. The growth recorded in past two decades act as the rationale to choose these five states. These cities are not only growing in industry wise but also attracting new businesses and added to these the respective governments of these states are building excellent infrastructure. The development of industries and enterprises also enable them to develop the need for residential development.
There is considerable growth in the Indian real estate sector, as the economy is now in the growing stage, Real estate Developers are providing from affordable to luxury housing projects. The cities such as Bangalore, Mumbai, Chennai, Hyderabad and Ahmedabad are growing regarding opportunities related to employment and also attracting the best talent from all over the India. These cities have not only necessary infrastructures like water, electricity and other facilities but also are outstanding in transportation.
Bengaluru
The Information Technology boom has aggressively increased the growth of real estate market, and this state is considered as Silicon Valley of India. The metro rail and monorail has decreased the time in travelling. The development of manufacturing hubs in and around Malleswaram, Peenya and Bommasandra has resulted in tremendous growth in the residential projects over there. With the development of Manufacturing Hubs, IT Parks and SEZ, Growth in Intercity Transportation there is a mushroom growth of residential projects, achieving a good and ROI on real estate investments makes the Bengaluru the most preferred state.
Hyderabad
Undoubtedly, Hyderabad comes in the top list city in India regarding real estate investment. The tremendous growth in IT sector followed by other industries like pharma, telecom, manufacturing sectors and International Airport has paved the way for the aggressive development of real estate in the Hyderabad city. Nanakramguda, Manikonda, Gachibowli, Manikonda, Hafeezpet are some of the areas that have developed tremendously. Hyderabad climatic conditions which are favorable and also IT pool talent makes this place a constant demand for the residential project.
Chennai
Chennai is known for its Culture, Heritage and as a Trade Hub. It is well connected with all four types of Transport – Road, Rail, Air and Seaways. Chennai Port is one of the Oldest and Busiest Seaports in India. Moreover, Chennai Airport acts as a gateway to ASEAN Countries and to Australia & New Zealand. Almost all forms of business thrive in Chennai and sectors such as IT/ITES, Automobile, Textile, Electric Appliances & Education etc are well established in Chennai. Due to its growth irrespective of political situations it has been the investor friendly destination down south. It has earned a lot of interest from US & European Countries for the past two decades and the respective country firms have established businesses here in the city. It is the Busiest city in South India and people from all the states have settled in India. Chennai is always a safe bet for Investment in Real Estate.
Pune
Pune is the next prospective destination for IT/ITES Related companies in India, and it has tremendous potential for employment opportunities, the demand for housing here continuous to increase from time to time. Pune is one of the upcoming biggest cities in India mostly famous for IT Companies and Automobile Industries. It is also one of the biggest real estate investment destination in India. With the tremendous Increase in the IT and Financial Services sector in Pune. It is also becoming an Education Hub in India.
Ahmedabad
The capital city of Gujarat, Ahmedabad has fantastic infrastructure facilities.This city has been witnessing good growth both in Residential and Commercial sectors. The Industrial and Information technology development and the Ambitious GIFT City Project by the State Govt. of Gujarat made investors look at this city. Ahmedabad has spread its wings with the planned development of its new capital Gandhi Nagar. Several Educational Institutions such as IIM-A, NID etc have been the Trade Marks of the City for several decades. Tremendous progress in engineering textile, automobile and chemical industries has contributed to the growth in the employment opportunities.
