Thursday, 17 January 2013

Top 5 Real Estate Investing cities in India

India figures in the list of one of the real estate markets every global consultant of repute recommends to invest. It has become one of the vibrant and ever growing sector where people want to invest. The traditional favorite real estate hotspots are the cities of Mumbai, Delhi NCR and Bangalore.They have seen huge flowing of money in the recent years. We think there are better investment options in India that are unexplored and can turn out to be the top tier Indian real estate hotspots of this decade as well.
Has maintained its growth even during sluggish market situation. Property is one of the tangible assets for most of the Indians, which has led to an enduring demand for real estate sector in India.
Here we have discussed some cities where there is huge growth potential.
    1) Vadodara:
Vadodara ranks highest of all the major cities after Mumbai Delhi NCR and Bangalore. Reason behind is that the water and electricity facility is improvising here year after year. Though electricity is an issue as of now; but lots of steps and initiatives have been taken to overcome this situation. Next reason is Vadodara –Ahmedabad expressway which is also rated as one of the best roads in the country. It has reduced travel time.
Investor’s interest in Gujarat is increasing and Vadodara's biggest advantage is its connectivity to both Mumbai and Ahmadabad.
    2) Coimbatore:
It has become important centre in South. Main reason for that is its connectivity with three cities namely; Bangaleru , Kochi and Chennai. Flight connectivity is also good from Coimbatore to several locations. One more reason for investment in real estate in Coimbatore is that it is also becoming IT hub helping it to become choice of many for real estate investment. Many big companies already have their existence in this place.
    3) Indore:
One of the fastest developing states in India is Madhya Pradesh. Indore also comes in the list of hotspots for real estate. Indore is growing as an educational hub. In India Madhya Pradesh is the only state where both the institutes viz; IIT and IIM are there.
Second reason is M.P being an automobile and steel industry hub. Indore is equidistant from Delhi and Mumbai. Due to the connectivity with these two metro cities has also given an additional advantage to Indore for becoming choice for real estate investment.
    4) Jaipur:
Jaipur is also choice of many people for real estate investment. Firstly, the proximity to airport and proposed metro line makes it very well connected. The road itself has seen huge interest from a lot of sectors considering the excellent connectivity to Delhi and Gurgaon. Also, Gurgaon and Noida have already seen tremendous appreciation in 2011 and the next big growth is expected to come in Jaipur and particularly the Tonk Road.
    5) Bhubaneshwar:
Bhubaneshwar is one of the important city of Orissa. Bhubaneshwar and Cuttack are emerging as educational hubs and IT industry is setting up shop in a big way here. Institutes like IIT Bhubaneshwar, Xavier Institute of Management are making Bhubaneshwar an important educational centre of the region. These are the factors driving people to invest in Bhubaneshwar. Also extremely important to note is the mineral industry of Orissa and the presence of companies like Indian Oil, TATA group, ESSAR, NALCO, Jindal etc.
Author Bio:-Piyush Group is one of the leading real estate company in india. Piyush Group is involved in development of Integrated Township, Group Housing Projects, Commercial Mall.Piyush Group is an ISO certified company

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