Given that the Indian Government has greatly liberalized its legislative policies regarding investment in Real Estate Sector, buying and selling property has become an easy business for builders and developers. No doubt, cities such as Gurgaon, Delhi, Mumbai, Kolkata and Bangalore attract numerous investors because of the ultra-modern facilities, commendable law and order situation and several other factors, nonetheless nowadays investors also keenly show their interest in country’s Tier 2 cities that include Ahmedabad, Jaipur, Pune, Kanpur, Bhopal, Vadodara, Faridabad, Chandigarh, Mangalore, Amritsar, Jamshedpur, Coimbatore, and many others. The major reasons why investors are getting inclined to cities, which are yet to get properly urbanized or lack in facilities that the Tier 1 cities have, include high resale value and relatively low investment cost.
Of course the factors like high resale value and low investment cost majorly contribute to the high demand for property in Tier 1 cities, but several other factors such as proposed transforms, expansion of infrastructure, increased purchasing power, inclination of prominent companies towards small cities, etc. are also in line. On the whole, almost every Indian city is considered lucrative when it comes to investing in Real Estate Sector.
To start with North India, most of the cities in this part of country are considered as industrial cities and come under Tier 1 cities. With the arrival of people from different Indian cities in this particular section, remarkable development in facilities such as transportation, water supply, electricity supply, etc. can be noticed. As a result, the price of residential as well as commercial properties is comparatively high in this segment. Several cities in North India are also identified as Tier 2 cities and one of them is Panipat. Nonetheless, this city is admired for several investment opportunities, especially for investors having interest in resale and rental gains.
Moving on to the Southern Part, there has been noted significant growth rate in capital cities in past 5-6 years. The South Indian Cities such as Thrissur and many others boast of excellent facilities right from educational institutions, health care units and to transportation facilities. Needless to say, the Southern region of India is witnessing a spurt in the number of people buying or investing in property.
Noteworthy growth prospects can also be seen in eastern and western parts of the country. Cities in states such as West Bengal, Madhya Pradesh, Gujarat, Maharashtra, etc. continue to attract a number of property buyers thanks to the rapidly growing, apparent facilities there.