The real estate sector in India still attracts continuously despite the low economy.Real Investors in India will think all over the country for good investment opportunity.India is a popular and best investment choice for almost most of the renowned builders.India is a fastest developing country due to which most of the investors are eager to invest in India to make more profit.In earlier time most of the people purchase property for accommodation,not for long term investment.In India lots of people are interested for long term as well as short term investment due to which it is considered as a hotspot for real estate market.Lets discuss some of the hotspot states of India where real estate is booming.
Bangalore: Bangalore is known as Silicon Valley of India due to its boom in IT sectors. Most of the reputed and famous IT parks as well as almost all the IT companies head offices are located in Bangalore, giving employment to most of the India’s population. In Bangalore areas such as Whitefield,Sarjapur,Hosur,Electronic City,Hebbal etc almost all the areas seeing an boom in real estate development. Bangalore is considered as a hotspot for the real estate market by the investors as most of the people residing in Bangalore works in big IT Companies and even their annual packages will be higher. Employees of IT sectors wants to live a luxurious life with world class facilities which is provided by the Real Estate Market.There are large tracts of land/property available for development in Bangalore.Many renowned real estate builders such as Prestige,Mantri,Godrej,etc has almost maximum of their projects located in Bangalore.
Chennai: The southern suburb of Chennai covers major corridors along with GST.OMR and ECR has been witnessing a fast growth from recent years.The improvement of IT/ITES sector in Chennai has seen a overall development which has pushed up the nearby areas such as Pallikaranai, Medavakkam, Chrompet, Tambaram, Thoraipakkam and Sholinganallur which witnessed the development of large scale residential townships from both national and local relators.The improvement of connectivity and infrastructural development to the City are likely to drive the property values in Chennai.The above mentioned suburbs are mainly witnessing demand from IT/ITES employes as the connectivity from these places is convenient to major roads where most of the IT related developments are concentrated.In Chennai most of the renowned developers are investing money to build projects with luxurious facilities for residential as well as commercial.Chennai is driving smoothly with the real estate developments. The locations like Keelkattalai, Pallikarani, Medavakkam, Chitlapakkam, Selaiyur and other neighboring locations are expected to see the rapid growth in the coming years.
Hyderabad: Hyderabad has also made into the list of best place for property investment options in India.Due to Hyderabad capacity to create jobs which in turn is increasing the demands of house.Most of the people working in IT/ITES is eventually a buyer of residential apartments.Even Hyderabad is getting appreciated due to its demand in real estate market like other states such as Bangalore,Chennai,etc.The places where most of the investor are showing interest are The Madhapur-Gachibowli stretch,Kukatpally,Nallagandla,Miyapur,Upal.These suburbs are expected to see the rapid growth in the coming years due to its upcoming residential as well as commercial development.Even the metro will boost real estate activity in these suburbs.
Pune: Pune is getting a boost up in the real estate market due to its Information Technology.The most of the purchasing is coming from the IT/ITES employes.In Pune kalyani Nagar, Aundh, Wakad, Baner, Wagholi, Charoli, Pimple Nilakh, Pimple saudagar, Rahatani and Viman Nagar has emerged as top most real estate hotspot destination in Pune. The maximum residential options for investment in places such as Hinjewadi, Ravet, Tathawade and Wakad.The proximity to employement hubs of West Pune and strategic location on the Mumbai-Pune bypass road will immensely benefit these residential markets.Most of these suburbs is getting appreciated due to its close proximity to IT hubs, road connectivity and upcoming residential development.