Real estate investing can be as simple as keeping money in a savings account or as sophisticated as trading on the stock market. Depending on the nature of the investment, time and effort are required. In India, real estate is regarded as the most rewarding investment asset class. Everything hinges on investing in the right property at the right moment, in the right location, and at the right price. But how can you know when it's the ideal time, place, or moment to invest?
There are numerous aspects to consider before investing in real estate in Indian cities. Among them are market trends, the continued price range of a specific region, and the amount of appreciation a property delivers. Here's your guide to navigating India's top 5 cities and evaluating data-backed criteria that make these cities attractive to property investors.
Mumbai, Maharashtra - One of Asia's most populated cities, Mumbai with a crowd of 22 million people, attracts people from across the globe. This city is the financial capital of India and hence holds the highest value for commercial developments and investments. With a growth in important infrastructure projects, Mumbai presents a bright future for real estate investors. The Aqua Line 3 of the Mumbai Metro, commonly known as the Colaba-Bandra-Seepz Line, will be 33.5 kilometres long. The Mumbai-Delhi Greenfield highway will be time-and-cost-efficient, allowing travel between the financial and national capitals in merely 12 hours by road.
Delhi-National Capital Region - Delhi-NCR is one of the top places for real estate investment due to its connectivity and commercial growth. To begin with, the national capital region's real estate investment prospects are affordable. The burgeoning IT and media businesses in Gurugram and Noida, metro access, and other facilities in this region attract migrants and job seekers looking for residential and commercial properties.
Furthermore, Delhi NCR is developing with regard to its infrastructural projects. The region is going to gain huge weight after the construction of Noida International Airport. The Jewar Airport in Gautam Buddh Nagar, Greater Noida, is touted to be the country's largest airport. Interestingly, the Zurich Airport Operator won the contract to build and manage the airport for 40 years beginning in 2019. A two-runway airport on 7,200 acres will be built by 2024 and upgraded to seven runways (2,900 ha). The airport is planned to handle 5 million passengers per year after 30 years of growth and 60 to 120 MPA after that. The capital is surely set to see a new phase of development once this airport comes into foreground.
Bengaluru, Karnataka - Bengaluru's infrastructure investment has increased year after year due to the influx of IT businesses and industries. Startups thrive in the city. Bengaluru property values climb roughly 20% a year, even in bad times. Even though the city's infrastructure, entertainment, and employment generation are on par or higher than other A-1 cities in India, real estate costs are substantially lower than Delhi, Gurgaon, or Mumbai, making it investors' first pick.
In Bengaluru, the residential market is gradually moving up. With the Peripheral Ring Road and Bellary Road coming up, North and South Bengaluru's connectivity would increase, boosting real estate investment opportunities. Furthermore, the Bangalore Metro Rail Project Line would also substantially improve connectivity with six elevated and 12 underground stations.
Chennai, Tamil Nadu - Affordable-interest rates, fantastic services, and low pricing have boosted housing sales in Chennai. Residential and commercial prices are constant despite the pandemic. The city has renowned IT firms and has always focused on manufacturing units since it believes in catering to the end-user market. Chennai is also home to electronic manufacturing with Samsung, Motorola, and Sony, among others.
Chennai Metropolitan Development Authority is preparing its third master plan for 2026-2046. This plan emphasises inexpensive housing, industrial scaling, trade, and commerce. Kilambakkam Bus Terminal is an important Chennai infrastructure project. The new Chennai bus terminal, KMBT, covers 88 acres (3,58,200 square metres). The completion of the metro in 2025 will reduce the city's everyday traffic. To add to the growth of the city, Hosur/RMZ Corp. received $670 million from Tata Electronics. So it is safe to say that this will only create more jobs in the future, raising the standard of living.
Kochi, Kerala - Kochi, Kerala's economic hub, is a popular home-buying destination. The city's real estate market is among the best in India's tier 2 cities. As a gateway city to Kerala, Kochi is also among the top 20 smart cities in India.
In the next few years, the city is expected to receive real estate investments of upto Rs 2,076 crore. The Cochin Aerotropolis is Kochi's biggest project to be built by Delhi Metro Rail Corporation (DMRC). The international airport plans to create an aerotropolis including an aviation school, IT park, golf course, hotels, and malls. Additionally, the availability of skilled labour, 60% lower rental rates than neighbouring cities, and 50% lower operational expenses have boosted the city's real estate and residential sectors.