What makes them residential property hotspots?

With the growth of economy a larger number of people are attracted towards the real estate industry which is still the most preferred investment for a majority of the Indians. Top Indian cites that are considered to be the best for property investments in the year 2017 are Noida, Delhi, Faridabad, Jaipur and Chandigarh. While these places make attractive options for industry and business in order to attract capital, their respective authorities are also giving special attention to the infrastructure development here. The local economic growth and the influx of skilled manpower and talent have resulted in the residential realty boom in these cities.

Let’s examine what makes these cities the favorite investment destinations:

These places score high in terms of the livability index like they have well-developed infrastructure, basic facilities like regular water and power supply and constantly improving communication and commuting facilities like developing road and rail network. They offer a good quality of life with ample options available in entertainment and leisure facilities as well.  All these factors act as catalysts in the increasing demand for residential housing and even boost the rental potential. With the enforcement of RERA which is considered to be a pro-consumer Act, the NRI’s also find Indian real estate a lucrative investment option. With the new developments coming up at these places, they can expect excellent returns and positive growth in capital values over mid to long time span and steady rental income from the investments made.

 For all those who plan for an investment in Delhi NCR, Faridabad properties are witnessing an appreciable change in terms of realty development and still have a great growth potential. Several landmark developments, both residential and commercial, have sprouted up in the city that is attracting the attention of property buyers in this region. Easy availability of large tracts of land, proximity to places like Noida, Gurgaon and Delhi, presence of several industries and MNC’s, modernization of Mathura Road, metro rail link and ample options available in affordable housing are some of the factors that boost the residential development of the city.

Another exciting option is the Property in Gurgaon which is a shining spot for all types of real estate investments. Great connectivity, easy availability of social and civic infrastructure, and ample of job opportunities has made the place an ideal option for realty investments that ensures positive appreciation value. Fuelled by affordable property, tremendous upsurge in infra development, excellent service and connectivity, and the advent of the metro have impacted the sentiments of buyers and investor in a positive way and resulted in a boom in the region’s realty industry.

Jaipur is one of the largest cities of Rajasthan and is another hot market for realty investments. Property in Jaipur is growing leaps and bounds due to the several advantages it offers to the buyers and investors. Located 3-4 hours away from Delhi on the Delhi–Mumbai Highway, the city is all set to become a mega city by 2025 and an emerging IT destination with major brands like Genpact, Infosys, etc. already present here. Round-the-clock infra development and unparalleled connectivity are the other factors boosting the realty growth of the city.

Noida, one of the well-planned cities of Asia is also a good realty destination that is growing at a fast pace. Noida Real Estate is not only attracting the home buyers and developers but also the start-ups, big business houses and PSU’s who are setting up their offices here adding value to the region. It has a good residential and commercial market and offers advanced infra-facilities and pleasing and well-maintained landscaped greens. Housing good educational institutes, key IT Parks, key SEZ developments and some of the premium shopping malls, the city is well connected by elevated Expressways like Noida-Greater Noida Expressway, DND Flyover, and Yamuna Expressway.

Chandigarh is again a good real estate investment bet due to the several factors attached. The upsurge in Chandigarh property is mainly due to factors like latest infrastructural developments happening, and growth and development of the peripheral areas. Dotted with an array SEZ’s and multistory buildings, the city houses state-of-art office campuses and leading institutes that attracts a major chunk of population from across the country to relocate to this place for career growth. Thus, the fast paced residential realty demand is giving a boost the property in Chandigarh attracting major developers to come up with affordable and mid segment projects over here.