Best Cities For Realty Investment

Best Cities For Realty Investment

By siliconindia   |   Tuesday, January 17, 2012   |    1 Comments
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Bangalore: It has been observed that, cities that have good infrastructure and growth in industrial projects are receiving best realty investments, reports Pritam P Hans of Business Today. Below are some cities that are witnessing huge growth in real estate market.

Ahmedabad:

Ahmedabad, one of India’s fastest growing cities is now probing to be an ideal city for real estate investments due to good infrastructure and high- income individuals. The city has got huge potential due to strong economy and developers and investors are on the wheels to park their excess funds in the real estate sector. Gujarat Institute of Housing and Estate Developers are on the move to promote Ahmedabad as an investment target. The real estate sector in Ahmedabad has gained impetus after the declaration of Ahmedabad as a mega city in the last Union Budget.

Anuj Nangpal, director of investment advisory, DTZ India, stated that, the reason behind the city’s development is due to industrial growth. Tata Motor’s small-car project is likely to increase real estate prices in and around Sanand.

According to National Housing Bank's (NHB's) residential index (Residex), residential prices have risen to 33 percent in previous year but despite that property prices as well as Land prices are comparatively reasonable.

Kochi:  

Kochi, the commercial hub of Kerala is one of the best places that offer hot realty deals. The realty market has boost up because of growing information technology and related services.  Commercial properties are in huge demand with the increase of hotels, retail outlets and the growth in IT services that leads to the demand for office spaces.

Nangpal of DTZ stated that, Kochi’s real estate market is mainly dominated by non-resident Indians (NRIs). The city’s realty market is likely to see a major growth in under-development facilities like Vallarpadam international (shipping) container terminal and technology parks become operational.

As per the real estate dealers in Kochi, there are huge demands for land around the areas like Vypin, Parur, Aluva, Irimpanam and Mulanthuruthy.

Coimbatore:

The second largest city of Tamil Nadu is mainly flourished due to commercial industries. Coimbatore is mainly driven by the textile industry followed by software services, education and healthcare that leads to the growth in real estate market.

The growth pattern of the city is likely to change because of several planned infrastructure and commercial projects. Nangpal of DTZ cited that “The region currently has two operational SEZs. Five more are expected to become operational over the next three years. The new SEZs will generate employment and bring migrant population. This is expected to boost real estate growth in the city”, reports Business Today.

Himadri Mayank, senior manager, research and real estate intelligence service, Jones Lang LaSalle India said that, Coimbatore is known for its industries which have become one of the favorite hot spot for the IT industries.

Kota:

The city of Rajasthan is witnessing spurt in real estate activity mainly in residential and industrial sector. Kota is an industrial centre with huge factories in engineering equipment, chemical and fertilizer. Kota’s real estate sector is in huge demand because of the coaching centres as it is a training hub for aspiring students of technology and medical institutions.

Nangpal of DTZ cited that "Emergence of several medium and big companies in and around Kota is largely behind the boom in commercial and residential property markets. It is a well-established regional urban centre and a focal point of industrial development in the state”, reports Business Today.

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