Are you looking to invest in real estate
to earn considerable returns? Well, then you must definitely consider these 5
cities.
Investing in real
estate is always a risky proposition. Apart from the capital, a real estate
investment also requires you to consider a number of other factors like the
location of the property, how the market condition is, legal issues if any and
so on.
To make the
entire process easier for you, we have compiled a list of top 5 cities that
offer the best returns on your investment.
1.
Hyderabad
Hyderabad witnessed a whopping drop of 30% in the number
of new property launches in 2014, which resulted
in realtors incurring huge losses. The drastic fall occurred because the
emergence of residential projects in the city surpassed the demand. This fall
has had huge repercussions on the real estate scenario in the city with the
cost of properties reaching a new low. So, if your plan is to invest in a house
the market’s volatility can work for your gain as you could practically buy a
premium residential property at a cut-price deal. Once the market goes to
self-correct mode, you can sell off the property for a great profit.
2.
Delhi-NCR
The National
Capital Region has seen immense development over the past few years. This is
due to the easy availability of housing and employment opportunities. The
completion of the Greater Noida and Dwarka Expressway, along with the metro
corridor has considerably improved the city’s connectivity to all the major
hubs in the region. With no foreseeable stop to the pace of development, a lot
can be gained if you choose to investment in Delhi-NCR
3. Mumbai
The economic
capital of India, Mumbai is one of the hottest prospects when it comes to real
estate investment. Although the city of dreams is considered to be highly
congested, key areas like Bandra, Mulund, Chembur, Kanjur Marg, and Lower
Parel offer a lot of profitable
investment avenues. So, if you are considering investing in a residential
property, Mumbai should top the list as the returns guaranteed will be
unmatched.
4. Chennai
It comes as a bit
of a surprise that several real estate experts and commenters are vouching for the
real estate feasibility of Chennai. According to a recent research, Chennai’s
real estate market has seen a constant appreciation over the last few years.
The rental house rates have also decreased by about 9% from 25% to 16% in the last year alone. So make it a point to
check out the investment options available in Chennai before you take any
decision.
5. Pune
Pune rounds off
the Top 5 list of residential cities to invest in. Courtesy of the booming IT
industry, the Maharashtrian city has welcomed middle and upper-class employees
with open arms. With good infrastructure and affordable market rates, Pune
promises to offer high returns on your real estate investment. With more and
more IT crowd coming in, the government has also flagged off new civic
infrastructure projects. So, this is your best opportunity to break your
savings to get extremely high returns.
These are the top
5 cities in India which currently offer the scope for high returns on your real
estate investment. So, get your cheque books out and secure your future with a
well-timed and carefully planned investment in these aforementioned cities. In
case, you are looking to know more about the investment opportunities and base
prices in these cities be sure to visit commonfloor.com.