For those who are looking to buy property for themselves or invest in real estate, here is a list of top cities to invest in. The reasons for choosing these cities are resource availability and opportunities along with weather conditions. The banks are providing home loans at very low-interest rates and buying a home or property is becoming easier.
Things To Look For Before Buying a Property
Mostly the reason behind a particular local for buying a house is the business opportunity it provides. Those who have their job or business in that location look for properties for sale in that region. Moreover Union Budget provides relaxation for first-time buyers so you can buy land or new flats for sale available nearby. For those, location is not a problem and are either looking for a house after retirement or to set up a new business, we are giving the best locations available in India. First of all, we list the reasons behind choosing these cities.
1) Business Opportunities
The foremost reason to choose a city to buy a property is the business opportunity it provides. If someone wants to set up a factory or office in that city he has to do research on whether the business has profitable returns in that region or not. Those who want a home in any location want their job or business to be nearby.
2) Availability of Resources/Amenities
Secondly for a business to run, required resources are needed to be available in that area. Before purchasing land it had to be made sure that the inputs are available whether raw material or human resources. When buying a flat/house amenities like school, transport, market, hospitals, etc. are the major factors to look at before selection.
3) Land Price
Once the city has been selected, the most affordable region has to be the primary concern. If money is not the concern then the best places are always the top priority. The properties are available from high to low cost and can be selected according to your budget. From lavishing houses to low-budget flats all are available within a range of a few kilometers.
4) Resale Value
Those who want to invest in real estate mostly look for properties that have higher resale value. The developed neighborhood property prices are more than the ones which are new and under development. It is the best way to buy property at low prices and wait until the resale value increases.
Another important reason for the selection of location is its connectivity with other places. Whether it’s home or business the place should be easily accessible unless someone is looking for solitude. It helps in transporting goods and services and traveling to other places.
6) Weather and Climate
The climatic conditions play a crucial role when selecting a city for buying a flat/house. The regions with better weather conditions are beautiful throughout the year and need not be evacuated in extreme conditions.
Best Cities To Buy Property in India
Now the cities listed below are not in any specific order or ranking and it is totally under the influence of top-rated cities. All the cities might not have all perfect elements but mostly the beauty of the place or availability is the key behind the selection.
It is definitely the first choice as far as the weather conditions are concerned and it is also the IT/IteS hub of India. Moreover the pricing, construction quality, and connectivity of this city are far better than any other city in India. The city has beautiful parks and is known for its nightlife. It is also called as “City of Gardens”.
Another south Indian city tops the list because of financial reasons. It is the financial capital of India and contributes the highest to Indian GDP every year. The business opportunities in the city are vast although Mumbai weather can be troublesome sometimes. The International airport and Trans-Harbour link are the highlights of the city’s extraordinary establishments.
While southern India is concerned, Pune cannot be excluded from the list as the city is predominant in the service sector. It is more affordable than the high-cost cities like Mumbai yet provides a complete blend of opportunities and comfort. A new International airport is also under construction in Pune. It is the manufacturing hub of India and is also known for many historical places and temples.
Another Golden Quadrilateral city is among the top choices because of various reasons like healthcare, education, and economic background. It is the center of the automobile sector and also the electronic manufacturing hub of India. A lot of leading companies in both sectors are present and apart from the employment opportunities the city provides most of the amenities nearby.
Delhi NCR Region
The Delhi National Capital Region includes a large area including cities like Noida, Gurugram, Faridabad, and New Delhi itself. The main reason behind the selection is the infrastructure and it being the National capital region. The International airport and tourist spots make it an ideal location. Although the weather isn’t the best in North India, especially in the Delhi region the other factors make it a good location to live in.
Apart from this, cities like Chandigarh, Jaipur, Visakhapatnam, Lucknow, Guwahati, Dehradun, Srinagar, etc are also among the most loved cities in India. Chandigarh is known for its planned infrastructure and infrastructural development, while Jaipur and Lucknow are well known for historical landmarks. The famous Rock Garden is situated in Chandigarh and the city was designed by the Swiss-French architect, Le Corbusier. Jaipur is known as the “Pink City” and has several tourist spots and historical monuments.
Overall most of the cities we have listed are according to top preferred locations for business opportunities and real estate. As we discussed before, the reasons behind the selection can be numerous, and choosing a single city is very difficult. However, the whole of India is beautiful, and all the regions have something special linked to every city whether its culture, climate, language or infrastructure.
Written By: Mohit Burman
(Disclaimer: This article is from the author’s perspective. Kindly do check with experts before following. thepropertynow.in will not be responsible for any kind of inconvenience and incorrect or misleading information.)