Real estate business in India has seen its ups and downs. Even though the last couple of years were not so rosy there are chances of immense future growth. However this chance for growth and demand are specifically bright in some select destinations. These are the places one should consider to set up a real estate business in near future. Here is a list of best destinations for real estate business owners in India:
The name of Mumbai tops in this list because of the eternal demand of a little space in this immensely crowded city. Every day loads of people come in this city to stay there and fulfill their dreams. That is why; this city and its inhabitants always face crisis regarding a little shelter over their heads. There are suburbs which are in good demand because of good availability of transport. Chembur, Ghatkapor West are few such names. Another option is Navi Mumbai which is popular for being so close to Mumbai and its green view colonies. Another reason for this popularity is the fact that this place is turning into an IT hub and eventually turning it into a place of residence for It workers. Ulwe and Panvel are also two places which are picking up in real estate business.
Hyderabad has picked up in real estate business in the past couple of years. The reason is because of one of the biggest IT hub residing in there. Ikea has also set up its shop there. All these reasons have made Hyderabad a hot place to live. As a result there are huge demands in real estate business especially in Madhapur, Nanakramguda and Gachibowli. These places are popular in demand because they are situated in the outskirts away from population and good connectivity.
Bengaluru is one of the biggest IT hubs in India. Another reason for the preference of Bengaluru as a place to live in is its everlasting good weather and green cityscape. All these reasons have made Bengaluru a hot destination for IT workers. As a result real estate business has seen high demand in that city in the past couple of years. Whitefield and Electronic City are the places which are considered good neighborhood to reside in. However, in the past few years it is Marathahalli that has seen the major demand for places to live in because of its close proximity to all the IT offices.
When it comes to real estate business it is almost impossible to ignore Pune. Good Connectivity via Mumabai-Pune Expressway and being situated just near enough to Mumbai are the reasons for public interest in this city. Wadgaon Sheri and Kothrud are the places that are in good demand in recent times.
In the future years real estate business promises for more growth and prosperity but in order to become successful in this business one must know where to invest the money. This list might work as a basic information for those investors.