With this ongoing slouch in the Indian real estate sector, it is essential for investors to be acquainted with affordable housing in cities where one can invest in for good deals in this listless market situation. Here are some cities that are the predicted affordable property markets.
Pune, Maharashtra: Pune has witnessed steady increase in the affordable housing section. There are basic housing projects on the fringe of the city although there has been undeniable growth in the high-end segment too. Pune is quoted to have better standards of living than most other metros.
Hyderabad, Telangana: Hyderabad is supposed to be one of the most affordable cities among all tier 1 cities in the country. Its thriving economy, IT/ITeS industry and active workforce influence the real estate consumer trend, which is apparent from the rising demand for residential, commercial and retail spaces.
Ghaziabad, NCR; Ghaziabad is a budding residential zone of NCR. Well connected by Metro and roads, the city caters largely to the mid-section homebuyers. Ghaziabad’s real estate scenario will improve further with the impending infrastructural developments.
Ahmedabad, Gujarat: While the state has become an investment hub, significant infrastructural development in the form of bullet trains, GIFT Smart City, the entrepreneurial nature of the population and a supportive, stable government, have made Ahmedabad a hot real estate investment center.
Coimbatore, Tamil Nadu: Investors in Bangalore and Chennai take keen interest in real estate investments in Coimbatore constituting to 40% of the investors. Besides IT/ITeS professionals, this city is also turning out to be a retirement destination.
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Updated Date: Jun 02, 2016 16:04:05 IST