The year 2016’s budget and Indian government’s Smart City move had together made conditions favorable for home buyers. The first list of 20 smart cities released in January 2016 presented a few locations, which aren’t one of the famous residential places today, but will transform significantly with sustainable real estate, good infrastructure, and market and communications viability. Renowned real estate mogul, Jagmohan Garg, tells us five hot realty options in the country.
Proximity to Mumbai, a thriving engineering, education, IT and automobile scene have boosted real estate activity in Pune. This city has become a much sought-after location for out-of-town investors due to Mumbai-Pune Expressway.
Delhi has always been one of the favorites for both, real estate, home buyers and investors. Locations such as Vasant Kunj and South Ex have attracted huge number of buyers. Thanks to world-class realty projects, including Jagmohan Garg’s Dmall, DLF’s cyber city etc. Delhi continues to maintain its reputation as one of the best locations in India.
Navi Mumbai, situated off the west coast of Maharashtra, is a planned township of Mumbai. The city is being divided into two parts – South Navi MumbaiandNorth Navi Mumbai. This city is home to well-planned roadway, some of the biggest MNCs and excellent townships.
Rising employment opportunities have attracted talent from across the country and turned the investor driven real estate market into an end user-driven market in Ahmedabad. Infrastructure projects like Outer Ring Road and the BRTS have opened up peripheral locations.
Indore has become an educational hub that boasts both IIT and IIM. It is one of the fastest developing cities of Madhya Pradesh. Indore has a strong auto and pharma industry presence, which has great influence on its real estate market. The growth drivers here are, BRTS, Major Road 12, Super corridor and DMIC.
Thus, the above realty locations are among few good areas for investment apart from other parts of the country