Best Cities in India to Invest in Real Estate
The Indian real estate market has undergone sea change in terms of regulations, policy, investment perspective and factors affecting decision making in last 5 years. The real estate market sentiment is subdued since 2014. The market which was once largely unregulated is now more streamlined and controlled by Real Estate Regulatory Authorities RERA of various states. The diversion of funds from any concerned project has been largely restricted to ensure focus on completion. Also, the market has transformed from investor driven to end user driven. Gone are the days, when even an announcement or positive rumour regarding any infrastructure or policy initiative made the market bounce like stock prices.
In the current market, thanks to RERA and other regulations, the investors or end users are taking informed decisions. In this changing world of real estate, the property that holds potential of better returns tends to excel. Instead of the entire city, locations that have potentially better social significance, physical infrastructure, proximity to economic centers and better connectivity to connectivity to transportation corridors or hubs will fetch good returns.
Based on the above mentioned fundamentals, following area can be promising in terms of returns on investment:
1. Madh Marve, Ulwe and Majiwada Kasarvadavali in Mumbai
2. Panathur Varthur and Thanisandra in Bangalore
3. New Airport Road Viman Nagar and Vishrantwadi in Pune
4. New Gurgaon Sector 81 95 and Golf Course Extension Road in Gurgaon
5. Guindy Alandur cluster in Chennai
6. Puppalguda Narsingi in Hyderabad
The next time you look for investing in real estate, make sure to have these on your list.
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