The Indian real estate has always caught the attention of Non-Resident Indians (NRIs) for several reasons. For one, NRIs often look at securing a place of their own in their motherland. With initiatives like demonetisation and the Real Estate Regulatory Authority Act, there is now greater transparency in the real estate sector. Purchasing properties in India have become easier than ever before.
However, NRIs often face a dilemma when choosing properties. Since they are not physically present to search for new or conduct concrete research, they could make erroneous purchases.
This article lists the top five cities NRIs can consider to invest in Indian real estate are listed below:
Hyderabad is a prominent IT hub in the country attracting small and large businesses alike. The city’s infrastructure is on the upswing and offers excellent connectivity to all major localities.
The average price in areas like Gachibowli is Rs. 6287 per square feet. Hyderabad has many luxurious townships such as PBEL city and Kalpataru Residency. If you are looking for a house for sale in Hyderabad, PBEL city Hyderabad offers a wide range of modern luxuries to its residents.
This bustling city has consistently proven to be one of the best real estate markets in India. Localities such as Navi Mumbai and Thane have increased employment opportunities driving the demand for real estate.
For instance, the average price per square feet in Thane East is Rs. 13096. In addition, excellent infrastructure and the new international airport under construction are further boosting the demand for residential housing.
The real estate activity in Pune has accelerated in recent years and is continuing to grow. Proximity to Mumbai and a thriving IT, automobile, engineering and education scene has contributed immensely to make Pune a sought-after destination. The Mumbai-Pune Expressway and year-round good weather work in its favour too. The average price per square feet in Wakad is Rs. 6575.
Chennai offers excellent career opportunities, and hence an excellent supply of flats and plots is seen in Chennai, making it a safe investment city. There is also a high demand for villas and houses because of the city’s exciting mix of industrial and healthcare sectors.
Localities like the Outer Ring Road and Vandalur (average price – Rs. 3912 per square foot) are among the popular ones. In addition, locations in the southern part of the city are touted to fast-growing and present an excellent real estate investment opportunity.
Gujarat’s most significant trading and business hub, Ahmedabad has seen a sudden surge in employment growth. As a result, there has been a considerable rise in demand for residential properties.
The government has also made the city investor-friendly with ease in procedures, transparency and low entry points. Areas like Thaltej, Bokadev, Gota and SG highway feature among the most desirable real estate options. The average price per square feet in Bodakdev is Rs. 6199.
To conclude, the five cities mentioned above are promising options to consider investing in real estate. They can be great investments considering the potential price appreciation in the near future. If you are interested in purchasing flats for sale in Hyderabad, consider world-class properties such as PBEL city Hyderabad and Kalpataru Residency.
PBEL city township comprises of eight magnificent high-rise towers that provide a host of comfort and facilities to its residents. If you need financial assistance to purchase a property, you can avail a home loan from Bajaj Housing Finance. It offers home loans up to Rs. 3.5 crores on easy EMIs.