India's 15 Major Cities to Buy a House

Bangalore: The real estate market in India has undergone many changes since decades. Earlier gold and stock were the main investment options for people but now investing in real estate has caught people’s fancy. Unlike other investments, real estate generates good returns over time, making the demand for housing heading north. Below is the list of some major cities which have emerged as promising locations for investment.

1) Hyderabad:

The city of Pearls, Hyderabad has been one of the major hubs for IT/ITeS industry, and has observed massive growth in this sector over the past decade. The city is witnessing demand for housing mainly because of the new GO 245 which is a relaxation of binding EWS/LIG housing norms and the proposed Hyderabad metro rail projects.

According to a study conducted by Knight Frank, the realty market of Hyderabad has become the most affordable one when compared to other metros and this current scenario is due to the launch of affordable housing projects which has grown rapidly after the economic slowdown in 2008, reports Times of India.

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