The future looks promising for real estate as the government’s Smart City 2.0 mission’ is set to be launched across the country. Many prominent cities are more likely to be the next mega-growth centers to attract buyers and investors. Other programs such as the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) has driven the overall growth of Tier-II cities. The data suggest that Bengaluru and Pune will remain the most active markets in 2021, accounting for 67% of total residential sales (13.8 lakh units) in the seven largest cities and 60% of start-ups (12.8 crore units). Both Bengaluru and Pune were named India’s two most livable cities in the Ministry of Housing and Urban Development’s (MoHUA) latest Ease of Living Index. In Indian real estate markets, experts believe that India’s major cities, such as Mumbai,
Delhi, Bangalore, and Chennai, are maintaining their position for a stable real estate market. According to Anarock, the metropolitan region of Mumbai (MMR), Bengaluru and Pune are the three most important markets for buying a home as a final investment with satisfactory price growth over the next 5-10 years. Hyderabad is a Tier 1 city with world-class infrastructure and is well on its way to becoming a preferred destination for people who want a decent quality of life.
Despite the chaos of recent years in terms of real estate growth, Greater Noida is one of the best places to invest in India, where good infrastructure development is taking place, including the construction of Jewar International Airport.
Pune’s pleasant weather and excellent public facilities are contributing to its popularity and more and more investors are interested in the city with some of the best educational institutions in the country. Affordable housing in major cities and low building land costs.
On the other hand, metro cities like Mumbai and Gurugram have crowded houses and soaring prices that are driving people out of those cities. The best locations for property investment in Bengaluru are Indira Nagar, Lavelle Road, Koramangala, MG Road, and Whitefield. Bengaluru is the best city to invest in real estate in India with several new infrastructure and amenities, including Bangalore’s new metro line, housing projects, and the Bangalore International Airport zone. With so much development, you can expect high returns on property investments in just a few years. In the state of Madhya Pradesh, the city of Indore, known for its cleanliness, well-organized urban infrastructure, economic strength, and educational facilities will become a hotspot for real estate investment in India in the future. With extensive development and growth potential, many new destinations for real estate investment are emerging in India in order to attract real estate investors to the country.
If you are interested in buying a home in one of the top five Indian cities where the market is booming and prices are rising, there are home loans available at attractive interest rates. The top 5 cities that boast some locations that are not only popular in the housing market today, but have also developed good general infrastructure, sustainable real estate communication and market viability include Pune, Mumbai, Bengaluru, Greater Noida, and Gurugram.