India is one of the few nations that are showing growth even during the COVID-19 crisis period. The nation is bouncing back by opening up new business fields. The central government has been optimistic about controlling the pandemic. It has even announced certain steps towards energising the economy.
Although the real estate sector has been down, it is indicating positive trends. The Government of India had made several decisions, in the previous year itself, for boosting the real estate sector.
The declarations including additional NHB raising liquidity to house finance companies, relaxation of ECB funds, and approval of a Rs 25,000-crore fund are expected to have a positive impact in the real estate sector.
The best places for property investment in India are enumerated in the following paragraphs.
Best Places to Buy a Home in 2020
Kochi, Kerala
Real estate industry in Kerala has always been growing leaps and bounds. People, including those from other states, opt to settle down in Kerala. Advanced infrastructure, better educational and health sector, safe living atmosphere, educated society, serene and beautiful surroundings, and people with indiscriminate mentality have been some of the reasons for people opting Kerala for settling down.
There are several reputed builders in Kochi, to consult regarding buying a property/ apartment. Selected as the “trending city” by TripAdvisor, Kochi leads the list of best cities for buying a home. The city is dotted with well-organised infrastructure facilities, advanced hospitals/ super speciality medical centres and educational institutions of international standards.
Kochi will give you and your family a peaceful stay. The arrival of the Kochi Metro has made the connectivity better. Hence, we believe Kochi is the best city in India for buying a home. The real estate prices are rising with every passing year. Hence, it is advisable to consider procuring property in Kochi at the earliest.
You can purchase a property in Kochi for investment purposes also.
Mumbai, Maharashtra
Mumbai is one of the fastest-growing cities in the world. You will find dreamers from every corner of the country here. With more people arriving in the city, the real estate prices are skyrocketing. The investment in Mumbai will turn profitable within a couple of years.
The arrival of metro rail and eastern freeway has improved the connectivity of the city with suburban areas. Nowadays, people from neighbouring Ghatkopar, Chembur, and Goregaon can commute without much difficulty.
Bengaluru, Karnataka
The Silicon Valley of India, Bengaluru (Bangalore) has been a real estate investor’s destination for years. The rapidly expanding city has several projects coming up from established builders and developers. The IT hub of India, Bengaluru has campuses of almost all IT companies from across the world.
The outer ring road that connects Sarjapur and Marthahalli has been dedicated to the IT sector. Thus reducing the traffic problems to a certain extent. The real estate sector in Bengaluru has seen a quantum leap in the previous years. It is expected to grow at a rapid rate in the future too.
Delhi
The real estate field of Delhi has not been growing much in the earlier days. However, the establishment of the Delhi metro. And increased connectivity of the city has resulted in an unprecedented growth in the real estate business around the city.
The demand for areas including Uttam Nagar, Rohini, Dwaraka etcetera are increasing due to the improvement in conveyance methods. The positive trends indicate that real estate in Delhi has a bright future.
Hyderabad, Telangana
The city became the IT hub when it was the part of Andhra Pradesh. It also got the synonym “Cyberabad” during the period. Although Hyderabad became the capital of the newly formed state, Telangana, the city is still the cyber hub.
With campuses of almost all IT companies in the world, Hyderabad is a well-developed city. The city offers great scope for those who are considering an investment in the real estate sector. You can consult the builders and developers to know more about the real estate options in the city.
To put in a nutshell, there is scope for immense growth in the real estate sector in India. It will be wise to act in time and invest in real estate without any delay.
The list of top places for safe real estate investment in India has been made considering various factors. You may let us know your suggestions, observations and opinions through the comment box below.
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