Top 5 Cities For Real Estate Investments In India
Currently, land purchase loans are easily available in India, so this is the right time to invest in the real estate business in India. Many banks and finance companies offer loans for lands with quick processing time. But where to invest in India? which cities are the best places to make real estate investments?
Here are the top five cities for real estate investment in India:
Hyderabad is the capital city of Andhra Pradesh in the southern part of India. With the IT industry’s surge in the city and cheaper availability of lands for office space also with a stable government, Hyderabad leads the list for real estate investment in India. As many IT industry leaders opening or expanding their offices in Hyderabad, you can sell the lands or building premises for good profit quickly.
Bengaluru is also called the ‘Silicon Valley of India. Bengaluru is located in the Karnataka state of India. The real estate market in Bengaluru is booming along with the rapid growth of the IT industry in the city. Many software development companies prefer their office premises in Bengaluru or Hyderabad in India. Also, the land prices are very cheaper in the outer areas of Bengaluru.
Many Call centers and BPO service providers opening their offices in Pune. This makes Pune another best city to make real estate investments in India. Pune is one of the second-level cities in the state of Maharashtra, growing rapidly. As the city is slowly transforming itself from rural to urban, the land costs are very low compared to other cities.
Chennai is the capital city of Tamilnadu, a southern state in India. As the City area saturated now, many industries slowly moving towards the outer area of Chennai where the land cost is also very minimal. As one of the metropolitan cities of India, many businesses prefer their offices in Chennai for the recent infrastructure development in the city.
Yet another metropolitan city in India where businesses like IBM and HP have their established offices. Kolkata is located in the eastern part of India. The real estate market is mostly targeting residential premises and ever-growing office premises. The land cost is very low compared to other metropolitan cities like Delhi, Mumbai, and Chennai. Kolkata is another best place to make real estate investments in India as the IT companies started to open their second offices in Kolkata.
In the western part of India, Pune leads the list of best places to make real estate investments. In South India, Chennai, Bangalore, and Hyderabad are the best place to make real estate investments. If you prefer the eastern part of India, it’s Kolkata which leads the list.
In India, the real estate market is mostly following the IT industry’s growth as the real land or building buyers are from the IT industry. If a city is growing with lots of IT company offices, then that’s the place to invest in the real estate business. So, just target IT companies to sell your land or building premises, then you are sure to make a good profit from the real estate business.