With a number of premium state-of-the-art projects, South India is emerging as the latest hotspot for HNI properties. CMRS Group, a prominent name in the real estate sector highlights that South India has one of the most promising real estate markets in the country with a number of luxury hotspots like Bangalore, Hyderabad Kochi. It has emerged as one of the fastest growing real estate markets in the world, having the luxury segment as one of the most flourishing segments.
Focusing on Bangalore, CMRS Group asserts that it has become the third largest market for luxury homes after Mumbai and NCR. With a number of factors that contributed to growth of luxury real estate in Bangalore, it has emerged as the third largest real estate investment hub for HNIs. The city accounts for an addition of around 1 lakh employees in the IT sector in a year. The luxury residential properties in Bangalore are priced reasonably. They are 20 to 30 percent cheaper than the property prices in Mumbai and NCR. The city offers wide scope for employment, entrepreneurial ventures and availability of skilled manpower. The realty developers come up with ideal residential projects to meet the mounting housing needs and attract the potential buyers.
CMRS Group states that similar to Bangalore, the real estate market of Hyderabad is witnessing a good demand for luxury apartments and homes. With improved economic conditions, Hyderabad’s luxury real estate market is growing at a massive rate. A number of factors like major developments in IT sector and improved traffic conditions have boosted the real estate sector of Kochi, especially in the luxury segment. A number of premium projects are coming up in Kochi based on the concept of ‘Luxurious living’.
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