The world saw unprecedented times during the course of the Covid-19 pandemic and is still dealing with the aftermath. Like every other industry, the real estate sector saw the rock bottom too. But the fact that the growth of this industry is bolstered by changes in the workplace, as well as interest and demand for office space in urban and semi-urban areas, helped it bounce back in the game rather quickly.
Here are the top 10 recommendations to invest in 2021-
Pune provides exceptional infrastructure facilities for a well-rounded education, a flourishing IT industry, transportation infrastructure, and open job positions. Without a doubt, the city offers all modern and essential luxuries to its residents, such as schools, shopping centres, hospitals, colleges, playgrounds, universities, emergency clinics, and so on.
Pune has proven to be the employment hub. In the first quarter of 2021, real estate private equity investment in Pune was valued at $936 million. This indicates that private companies prefer Pune as a location, which is expected to continue in the coming years.
Pune is the third most significant contributor to India's IT exports. Because of its excellent connectivity, technology, and industry, it is quickly becoming a megacity.
A few hotspots are- Koregaon Park, Kalyani Nagar, Wagholi, Hinjewadi, Hadapsar, Boat Club Road, Model Colony, Aundh etc.
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The IT capital of India is in the epicentre of the country's IT revolution, which has resulted in the current success and expansion of Indians' living standards. Bangalore has a lot of possibilities for business development.
The key reasons for choosing Bangalore as a real estate investment destination are the ease of living, expanding IT parks, and manufacturing hubs. North and South Bangalore, as well as real estate investment potential, has recently been highlighted. Bangalore is the only real estate market that has remained remarkably stable.
Few of the hotspots are- Sarjapur, Koramangala, Indiranagar, Manyata Tech Park area, etc.
Due to rising demand and development in the commercial sector and a reasonable price range, the housing market in Hyderabad is thriving. Hyderabad is one of the most cost-effective places to invest in. Telangana's textile industry has been acknowledged as a vital driver of growth and employment creation.
The real estate market has sped up as a result of this. The city is also undergoing distinctive expansions in retail, education, and medical care, allowing residents to have higher living aspirations.
Few of the hotspots are- Uppal, Madhapur, Banjara Hills, Ameerpet, Begumpet, Somajiguda, Gachibowli, Manikonda, Miyapur, Kondapur etc.
Even though Mumbai will remain the most expensive real estate market in 2021, several critical regions will skyrocket property values. The city has always been an excellent place to buy a home. However, due to space constraints, the city has substantial infrastructure growth constraints.
Construction rates have been cut in half by the Maharashtra government until December 2021. As a result, there will be more high-quality real estate projects and more property investment in Mumbai.
Mulund, Thane, Malad (W), Goregaon ODC, and Kandivali are some of the most significant areas in Mumbai to invest in real estate.
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Noida is a city for both industrial and residential development. It is one of India's fastest-growing cities, thanks to many positive elements such as world-class infrastructure.
Real estate prices in Delhi have risen dramatically, causing nearby towns such as Noida and Gurgaon to develop and grow. Because of lower real estate prices and superior infrastructure, many corporations are relocating to surrounding cities.
The planned infrastructure and affordability of Noida have been the primary drivers of real estate development. Feel the comfort and experience the cultural intelligence and integrated urbanism when you visit this luxury property in Noida.
Kochi is renowned as Kerala's commercial capital. The growth of the ports and the privatisation of the airport have increased the value of the city's real estate market. It's also a smart city, with a slew of new IT enterprises sprouting up.
The most notable shift is from family-owned businesses to professionally managed companies, where builders work multiple projects in different cities at the same time while also investing in central processes to hire the best candidates for project management, architecture, and engineering positions. Thus there's massive scope for development as well as a significant sector for long-term investments.
Kakkanad, Thripunithura, Maradu, and Aluva are the most inexpensive areas of Kochi, with apartments costing up to 50 lakhs.
Chennai is a rapidly growing metropolis with a steady intake of people. As a result, there is a lot of demand. This can be seen in the rising demand for luxury residences in Chennai. Real estate in Chennai is gaining traction because of IT, urbanisation, and the upgrading of affordable housing.
The rise of real estate in Chennai is also drawing foreign investment. T. Nagar and Anna Nagar were initially the sole retail destinations in Chennai; however, quality retail space is now nearby. Metro rail networks are one of the reasons for the growth of retail real estate in Chennai.
The city has an exceptional public transportation system, with metro connectivity and a BRT system. Furthermore, the Ahmedabad Smart City Concept is a visionary project for the state of Gujarat. It would be one of the country's first 20 smart cities. The city's real estate market is rising at a rate of 2-4 % every year. Ahmedabad has excellent infrastructure, such as organised water supply systems and a reliable power supply.
The hotspots are- Bopal, Chandkheda, Gota, Makarba, Santhal, SG Highway, Shela, and Thaltej.
Gurgaon, formerly known as Millennium City, is located 35 kilometres from Delhi. It is located in the Gurgaon neighbourhood of Haryana, India, and is part of the National Capital Region (NCR).
Gurgaon features several architecturally significant structures that span a variety of styles and periods.