India's Top 10 Property Destinations
Bangalore: Indian real estate market is vibrant in nature and has maintained its growth even during sluggish economy and slow market situation. Majority of people prefer to invest in real estate sector, either for accomodation purpose or for long-term investment, as it fetches good ROI in the long run. Property is one of the tangible assets for most of the Indians, which has led to an enduring demand for real estate sector in India. Below listed are 10 hot real estate destinations of India.
Mumbai, the financial hub of India is one of the hottest property destinations in Indian real estate market. The city promises major infrastructure growth and development which has led to the real estate development in residential and commercial segment.
Moreover, the city is witnessing residential and commercial growth in suburban areas. For instance, the Vasai-Virar region in western suburb of the city is famous for budget housing, the area near Panvel, where the developers have launched integrated township projects as the region is close proximity to infrastructure like upcoming international airport, the Trans-Harbour Link, railway station and mono rail, according to ET Bureau.
Also, developers are looking forward to boost the lifestyle in Mumbai, which is now flourishing in residential sector. Therefore, developers are introducing more integrated township projects and luxury housing projects in the city considering buyers’ need, which has shifted from traditional to quality lifestyle. These are the factors driving the growth of real estate in Mumbai making it one of the top real estate destination in India.