India's real estate market has some fascinating aspects of multi-dimensional opportunities. Every city has its own variety of development opportunities, quality-of-life benefits and returns on investment. Timing your investment in the right place for property requires some consideration of countless factors. These factors relating to current economic conditions and quality-of-life consideration. Reeltor takes you through the best places to invest in property for property buyers in this fast changing market.
Bangalore is India's Silicon Valley
Bangalore remains king of conversation when it comes to property investment and rightly so. The city's IT industry keeps demand for commercial and residential property high. The main development hubs of Whitefield, Electronic City and Sarjapur Road have seen high double-digit appreciation over the past ten years.
What makes Bangalore so unique is its cosmopolitan vibe and climate. Large numbers of fresh graduates and young professionals migrate to Bangalore every year from across India, creating a healthy rental market, which is favorable to investors. Reeltor data and statistics show that developments in emerging locations like Devanahalli and Yelahanka are areas with upside growth potential, especially with infrastructure developments like the proposed suburban rail project.
The startup community of the city offers an added layer of real estate value. As more and more companies locate their headquarters here, demand for good housing still remains ahead of supply at the best locations.
Pune Offers The Ideal Balance
Dubbed as India's cultural capital, Pune has a lifestyle that represents a consummate blend of tradition and modernity. As a nearby second choice to Mumbai, Pune has become attractive to investors looking for value in the real estate market because of lower property prices.
Areas such as Hinjewadi, Wakad, and Baner have become hot investment areas aided by the development of IT parks and better connectivity. Reeltor notes Pune's rental yields are particularly attractive, often beating many first-tier cities, while guaranteeing a much better level of quality of life.
Pune's educational facilities provide a steady stream of potential renters, while the city's manufacturing hub provides economic stability that one might not find in service-sector-only cities.
Hyderabad Is The Emerging Star
Hyderabad has quietly emerged as one of India's most investor-friendly cities. The state government has implemented business-friendly policies that have caught the attention of top corporate houses and created surging demand for quality residences.
HITEC City and Gachibowli represent the new Hyderabad real estate, having successfully aligned the pace of infrastructure development with commercial development. Reeltor research shows that property appreciation values in these locations have consistently beaten market expectations.
The city provides something which is becoming rarer in Indian metros; luxury at a reasonable price. Properties which would be many times more expensive in Mumbai or Delhi are still affordable for middle-class investors in Hyderabad.
Chennai is the Stable and Solid option
While not always making the headlines like Bangalore or Hyderabad, Chennai delivers one thing just as valuable. It delivers stability. The unique manufacturing base that Chennai supports, from auto manufacturing to healthcare facilities and others, offers demand that is both stable and secure.
Areas such as OMR (Old Mahaballipuram Road) and ECR (East Coast Road) are effectively a world of property for IT professionals and retirees. Reeltor strongly captures the essence of Chennai being a blend of a city with legacy of old industries and new technological hubs.
Ahmedabad Is The Next Up-And-Coming Market
Gujarat's business capital has stealthily constructed one of India's next booming property markets. The city's strong industrial economy, along with rigorous government backed transport infrastructure makes for the perfect city to invest, especially in property.
Reeltor discusses the affordability aspect of Ahmedabad. Investors can invest in much larger properties compared to conventional metro areas, while having the best transport, infrastructure, and entrepreneurial opportunities to keep pace with their investment strategy.
The trick with real estate investment is knowing the dynamics of each city and correlating this up with your investment objective and understanding of your own risk tolerance.
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