It seems that cities all over the world are drawing more and more people in. In India, it is no different. On top of that, since cities provide better opportunites, better infrastructure, not to menton better living standards, the demand for housing is also increasing, according to Indian Express. The downside is that when demand increases, the price follows.
The Indian government, however, aims to provide "Housing For All By 2022," housing within the means of Indian consumers must be provided, albiet laboriously and within the price budget and would have to be at smaller cities.
Therefore, let us explore the cities that provide great lower-budget real estate investment prospects over mid- to long-term, as enumerated by Indian Express.
Hyderabad, Telangana
The city is waking up from the global recession and political turmoil. With the growing demand for residential, commercial and retail spaces, it is now trending as a buyer's market.
Pune, Maharashtra
The city has been generating jobs that is hard to match and is dubbed as one of the best places for real estate investments. In addition, the luxury home homes sector has also been blossoming of late with the entrants of large players. In short, this is where great demand can be found.
Navi Mumbai, Maharashtra
This city has shown impressive growth over the years. With the International Airport plans, it carries a great potential and although other properties may be unaffordable in the area, but residential housing is still within the budget's reach.
Jaipur, Rajasthan
The city is deemed to become one of the top global outsourcing cities in India. Wit the IT Parks sprouting, it has a bright future when it comes to real estate asset of all classes.
Surat, Gujarat
The diamond capital of the world is well developed and is considered one of the fastest growing cities. Recently, it has been dubbed as the
'Best Urban City of India' and it has a very high supply of residential properties in the budget.
Ghaziabad, NCR
This citiy is an emerging residential neighbourhood with a very high supply of residential properties in the budget as well as high supply of ready-to-move-in properties being offered by well-known developers. Residential clusters in in Indirapuram, Kaushambi and Vaishali deserve to be noted.
Nagpur, Maharashtra
With MIHAN and SEZ projects under its belt, the city is set for a major transition in its real estate profile and in the near future, it may be closely watched by real estate investors.
Kochi, Kerala
A bustling a metropolis in the making where modern urban lifestyles are settling into antiquated old traditions. Its deman for real esatte is one in which more and more developers are taking advantage of.
Coimbatore, Tamil Nadu
Being the major industrial centre in Tamil Nadu, there is an increase in demand for residential units. However, it has no shortage of affordable housing options either. The city is a market where 40 per cent of real estate investments come from investors from cities such as Bengaluru, Cochin and Chennai.
Ahmedabad, Gujarat
The perennial demand for real estate in the city is not slowing down with a fast-paced develpomentand huge investments coming in.
