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Which is the best place to invest in real estate in India? Which is the best place to buy property in India? Every Indian has a dream of owning a home or property and this has been considered a matter of pride and prestige. Real estate assets are long-term financial security that is capable of earning capital appreciation and a stable income.
The real estate market in India is diverse compared to that outside. Thus, one of the major factors to consider while making a real estate investment decision is the location, as it translates into profits. While investing, you must study the location to check whether the area is prone to economic development. Industrial experts have stated that it is better to invest in developing areas than in developed areas, as the price of the property will be currently lower but will surely increase in the future, thus earning you a handsome return on your investment.
The pandemic has affected real estate in India largely. Even though work from home became a new trend and housing became a necessity, several investors held back from investing due to the uncertainty that the pandemic brought in. However, the reports of a leading real estate platform indicate that the best place to invest in real estate in India including Mumbai, Pune, and Bangalore are recovering at a faster pace. These are also regarded as some of the fastest-growing real estate cities in India. The recent ease of living index published by the Ministry of Housing and Urban Affairs provided termed Bangalore and Pune to be the topmost cities to live in.
While investing in real estate, it is also very important that you ensure you have access to public transportation and basic amenities. You should also check the infrastructural developments in an area to determine whether the purchase is worth the money spent on it or if it is the best land investment in India. Let us look at some of the best locations for property investment in India to invest in.
Where to invest in real estate India?
Where is the best real estate investment in India? Which are the best places to invest in India? These are some of the most commonly asked questions. The question of where to invest and why to invest are equally important. You must know where you should invest to earn the maximum return on your property. If you are considering property investment in India, it is also very important that you analyze various market conditions before making your investment decisions. Some of the locations for the best real estate investment in India and the highest ROI real estate cities in India include:
Mumbai
Over the past few years, Mumbai has been treated as one of the main centers for real estate investment and is among the best places to invest in real estate in India, despite the skyrocketing prices. The main reason for this is that it is the financial capital and has the strongest economic growth in all of India. The Mumbai Metropolitan Region has been recognized by investors as one of the major attractions in the Indian real estate market as it is one of the major contributors to India’s overall GDP.
The residential real estate market of the Mumbai Metropolitan region hereby referred to as MMR, showed launch and sales activities in 2020 despite the pandemic. MMR also recorded a decline in the number of unsold inventories by 6% which was also better than the previous years as the decline in unsold inventories and year-on-year stood at 3% in the past 7 years.
Factors such as the multiple metro links, Mumbai Trans Harbour Link, etc. have further attracted investors to invest in Mumbai. The builders and developers are also attracting buyers to invest as they are offering great discounts on the properties. The discounts coupled with the stamp duty reduction granted by the Maharashtra government have efficiently evoked consumer sentiment. All these factors go into making Mumbai one of the fastest-growing real estate cities in India.
Pune
Pune is one of the best city to buy property in India. It has also been recognized as one of the top livable cities along with Bangalore. The first half of 2020 saw a dip in the real estate sector due to the pandemic. However, the second half showed a rapid recovery due to certain factors and this is expected to boost and restore the market in 2023.
The major factor contributing to the rapid growth of the real estate market in Pune is the initiative taken by the Maharashtra government by reducing the stamp duty imposed on property. This has been recorded as one of the key reasons for the increasing sale in Pune as the second half of 2020 accounted for a sale of 58%. The tax was reduced to 2% until the end of December while the revised charge from January 2023 stood at 4% which was successful in evoking consumer sentiments as it was a very significant tax-saving option. In addition to this, the first quarter of 2023 is witnessing an increase in the sales volume as people are trying to purchase homes to avail the benefits of Long-Term Capital Gains Tax (LTCG Tax) provided under Section 54 of the Income Tax Act, 1961. The combination of the negotiable price range, affordability, and low-interest rates have boosted the residential market in Pune.
Technology integration via virtual home tours, video conferencing with prospective clients, targeted digital campaigns, and webinars are some of the other technological factors that contributed to the rise in property demand in Pune. The metro rails in Pune are expected to boost the realty market further in 2023 as they will provide better connectivity to investors.
Hyderabad
The development of the IT sector has led to an increase in demand for commercial spaces in Hyderabad. Hyderabad is known to provide the best quality living conditions, due to which it is crowned as one of the best place to invest in real estate in India.
Gachibowli is an IT hub in Hyderabad which hosts several multinational companies. It is also proximate to some of the prominent business parks like the Information Technology and Engineering Consultancy City (HITEC City) and is also just 30 minutes away from the Rajiv Gandhi International Airport (RGIA).
The recent announcement by the GMR group regarding the launching of the aerocity in Hyderabad is also all set to boost property demand in Hyderabad. The real estate market of Hyderabad holds some spectacular properties at excellent and affordable rates in comparison to other metropolitan cities in the country. Hyderabad also offers a diverse investment array of real estate options such as residential, commercial, senior-living, co-living, etc. which further attracts investors.
Also Read: Investment Opportunities in Hyderabad
Bengaluru
For many, Bengaluru is the best city to buy property in India, particularly commercial as well as residential investments. Demands for real estate investment in Bangalore are highly dependent on its Information&Technology sector, generating large employment opportunities. Whitefield, Sarjapur Road, Electronic City, Hebbal, Yelahanka, Nayandahalli, etc. are some of the top spots for investing in Bangalore.
Some of the prominent commercial players in Bangalore include Aegis, Dell, Hewlett-Packard, Infosys, Accenture, Tech Mahindra, TCS, and Wipro. Thus people from different parts of India migrate to Bangalore in search of better employment and end up settling in Bangalore due to factors such as security, quality healthcare, education, recreation facilities, and nightlife.
Residential and commercial investments in Bengaluru enable you to earn high rental income plus capital appreciation. Investment in Bengaluru real estate is never disappointing as the place itself is growing rapidly in its superior connectivity and infrastructure developments.
Also Read: Ultimate Guide for Bangalore Real Estate Investment
Chennai
Chennai positions itself among the best place to invest in real estate in India. Superior connectivity, infrastructure, commercial and industrial development, and access to quality education, healthcare, and recreational facilities, have been some of the main attractions of Chennai. Some of the major projects to further develop connectivity in Chennai includes the IT Expressway project in Thuraipakkam, the Thoraipakkam Pallavaram Radial road project, etc.
The automobile and IT sectors have led commercial investments in Chennai. Some of the prominent players in Chennai include Flextronics, FL Smidth, Saint Gobain, Michelin, Renault, and Nissan. Due to the increase in the working and student population, Chennai has witnessed development in its residential sector as it now offers a wide range of properties for investment.
OMR has also been an ideal location for real estate investments due to its economical and commercial developments. The IT companies have been instrumental in opening up employment opportunities which have led to people from different parts of India migrating to Chennai. The properties in OMR are also placed at an affordable rate by reducing the average size of the property. OMR also offers access to facilities like ATMs, gyms, healthcare facilities, general stores, and shopping malls. It is also among the best city to buy property in India, as the properties offer serene and affluent living facilities. The property in OMR also appreciates rapidly, making it a top location for real estate investments.
Also Read: Commercial Property Investment in Chennai
Reasons why the India real estate market is growing at a faster pace!
The real estate market in India has been preferred by most investors due to the multiple benefits that it offers. Some of the benefits of investing in the Indian real estate market have been discussed below:
- It provides a sense of security amidst all the uncertainties. In a recent survey conducted by a leading portal, it was recorded that 92% of the respondents of the survey wanted to secure themselves a physical asset. The main reason why the respondents believed having a physical asset was better is that such assets are less volatile even if they cannot earn sudden yields.
- Residential real estate India is considered to be one of the best ways to invest your money as it offers you maximum sustainability.
- Real estate offers high returns on investment (ROI) and investing in the highest ROI real estate cities in India enables you to earn passive income in the form of rent.
- The pandemic has led to the builders providing various offers and discounts on the property. Thus by investing now, you can earn high capital appreciation once you sell the property.
- Since home loans have been sought out as one of the best ways to finance your property, the reduced home loan is expected to trigger property sales and increase cash flow.
- The depreciation in the value of the Indian rupee has made real estate properties in India an attractive choice for the NRIs as well.
Let us further discuss some of the ideal locations in India and the best place to buy property in India for investing in your real estate properties.
India’s real estate market is one of the best options for investment. While planning your real estate investment, you must evaluate different markets and their benefits to find your potential property. Identifying the right location also increases your profitability for the investment. Prime locations offering top-class facilities create a desire in the minds of potential investors, which, in turn, creates demand for the property.
Assetmonk is a smart platform that provides hassle-free investment opportunities for the best place to invest in property in top India property investment cities like Bangalore, Chennai, and Hyderabad. Assetmonk offers a wide range of properties, ranging from commercial spaces to residential spaces, senior living, and co-living. Visit our website for more details.
Top Cities for Property Investment in India 2022 FAQ’s:
Q1. Where can I invest in real estate in 2022?
Chennai, Bangalore, Pune, Mumbai, and Hyderabad are some of the top locations to invest in India now as these prime markets have started offering properties at much more affordable rates with builder discounts which have been granted. States like Maharashtra and Karnataka have also offered a deduction on stamp duty which has further reduced the cost of buying properties in these States.
Q2. Is real estate a good investment in 2022?
Yes, real estate is one of the best options for investment in 2022 as the cost of purchasing property is considerably lower than before due to builder discounts and stamp duty reductions. The reductions granted on the home loan interest rates and the introduction of technologies such as blockchain have made real estate a good form of investment.
Q3. Which Indian State is best for real estate investment?
Mumbai has been a dream to many due to its rapid developments in the commercial arena. Mumbai offers quality education, superior connectivity, excellent nightlife, and great scenic destinations.
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