Investing in real estate is usually a good idea. The value of the property you buy is likely to increase with time. This is especially true in case of the rising cities of India—cities like Bangalore, Pune, and Bhubaneswar. These cities are developing fast and consistently, which is good news for the real estate sector. Say, you buy a flat in Shriram Luxor or Shriram Sameeksha in Bangalore. The property you buy today might be worth much more some years from now. After all, Bangalore is one of the fastest-growing cities in India. If you plan to settle there, buying a home in the IT city may be a worthy investment.
When you invest in a house, it is all about grabbing the right opportunity. Here is a look at some of the rising cities of India where property purchase might be a good investment.
Pune is one of the fastest-growing cities in India. Over the past few decades, Pune has witnessed tremendous growth. It is home to leading IT companies like TCS and Infosys as well as car makers like Volkswagen and Mercedes.
The city is connected by bus and metro rail. Pune Airport operates both domestic and international flights. Pune is known for its top-rated educational institutions. It is also a cultural hub, known for its modern and traditional arts, craft, and music.
Homebuyers in Pune could look at many different areas depending on their budget. Areas like Tathawade, Wakad, Dhanori, and Vishrantwadi have properties suitable for a variety of needs.
Bangalore has been growing faster than many other Indian cities. India’s flourishing IT hub offers great opportunities for someone who is searching for a good job. Companies like Apple, TCS, Allianz, and Infosys have big branches here. So, making an investment in or around Bangalore is a wise choice.
If you are working in Bangalore, owning an apartment in the Shriram Luxor complex may be a smart move. But there are other options too, such as Shriram Sameeksha. Lenders like Bajaj Finserv offer home loans of up to Rs.3 crore. Someone in the middle-income group could also apply for a home loan to get the apartment of their choice.
- Navi Mumbai
Located 40 minutes from the heart of Mumbai, Navi Mumbai has several affordable properties to offer. And the real estate sector here has been growing. The proposed airport at Panvel and the Mumbai Harbour link should give a massive boost to the property market. You could get an apartment within the range of Rs.30–50 lakh in the Navi Mumbai area.
The government is taking serious measures to develop Hyderabad into a truly global city. There is a clear and proactive focus on developing the infrastructure here. The development of ring roads allows people to navigate in and out of the city within minutes. The metro project is also creating more value addition for the city.
Corporate organisations have been flocking to Hyderabad for a long time now. Plus, Hyderabad’s IT sector is booming. Global heavyweights like Apple, Google, Microsoft, Amazon, and TCS all have offices here.
The price of property here is low compared to the metro cities. You could get a 1,000-square-foot 2 BHK flat for even Rs 20 lakh. Of course, the prices will vary depending on the location.
Rising cities in India offer great opportunities for real estate investment. If you live in Bangalore, perhaps the apartments at Shriram Sameeksha and Shriram Luxor are on your wish list. Luckily, nowadays there are loans to suit every pocket. Non-banking financial companies (NBFCs) like Bajaj Finserv offer home loans of up to Rs.3 crore with tenors of up to 20 years. Bajaj Finserv also brings you pre-approved offers for home loans, personal loans, EMI finance, and more. This simplifies how you get financing and helps you save on time. Just share a few basic details to check out your pre-approved offer.