The real estate
market is the best place to invest in. Yes, the market has been going through inevitable
ups and downs, but the storyline is drastically changing. With the increase in
investment, starting of new projects and reduction in home loans, you can again
start investing in real estate. Here are the top three places to invest in a
new home-
- Delhi
The capital of India
is a hub of real estate investment. The prices in the city have gone up with
the recent increase in infrastructure and development. The places in the city
where you can look for homes are:
- Noida Extension
This place is perfect
for affordable homes. The area is well connected to the main city and is close
to the official district, as well. The Metro has further given a boost to the
sale of property in this area.
- Dwarka Expressway
The Northern
Expressway and the airport are remarkably close to this area, which makes it
more preferable than the other areas like Noida and Greater Noida. The property
prices are quite expensive, but it is worth it.
2.
Mumbai
The real estate
market in Mumbai has always been a nightmare with more demand than supply.
However, that is about to change because there are several housing projects in
the pipe line. The key areas are:
- Ulwe
This is located in
the outskirts of the city. The area is seeing a housing boom with many housing
projects taking shape around. The area requires a better infrastructure, but
its proximity to the SEZ and the new airport, makes it a lovely place to make
an investment in property.
- Chembur
Chembur is well
connected to the centre of the city. There are several housing projects taking
place here. The area has extremely good infrastructure and good connectivity
via public transport. There are numerous shops and malls in the area, and it
has become commercially developed.
3.
Bangalore
Bangalore has seen a
massive boom in the real estate market. Most of the housing projects now have
been fully sold out. The city has rich young professionals living, and they are
all investing in the real estate market.
- Hebbal
This area had seen a
boom in housing even when it was sloppy all over India. This is because of the
development of infrastructure and the setting up of the IT hub here. The
Bangalore International Airport is also close to this place, which increases
its preference.
- KR Puram
Whitefield
and Manyata Tech Park, two of the IT hubs in the city are situated in this
area. This has increased demand for housing in KR Puram.
These
are the main areas when it comes to housing in India. They are all well
connected by roads and are close to the industrial cluster. You can always use
the online home loan calculator to figure out how much you have to pay
on the houses in these areas.
Author: Brenda Lyttle
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