With a burgeoning population, increase in demand for housing and space crunch across Indian cities, realty investments are hot-favourite for investors today! Parking funds in real estate hotspots can fetch you excellent returns at relatively lower investment as the property’s value appreciates.
Considering factors such as mobility and transport, healthcare, sustainable environment, water supply, security, and infrastructure development, you can invest in properties in upcoming localities. So, here’s a list of cities offering futuristic housing projectsyou can purchase.
The suburbs of Navi Mumbai have grown in popularity among homebuyers. The city has undergone massive development in the past few years. It’s now a well-planned region with modern infrastructure, wide roads, lush green vistas, and abundant gardens and natural landscapes.
Projects like Navi Mumbai Airport, Mumbai Trans-Harbour Link (MTHL), and a stop for the Mumbai-Pune hyperloop are some of the highlights of good connectivity in the area. With world-class medical facilities, educational institutes, and impressive employment opportunities, Navi Mumbai can tick all the boxes on your checklist for the ideal city for real estate investment.
Purchasing a property in the city can be heavy on your pockets. But you can use a home loan to comfortably finance your purchase.
Additional Read: Top 10 Tier 2 Cities to Invest in Real Estate
The pleasant weather prevailing all year round, availability of first-rate educational institutes, affordable living costs, and rapid infrastructure development make Pune home to several future housing projects.
Being the 3rd largest contributor to India’s IT exports, Pune drives 13% of Maharashtra’s GDP. Home to numerous IT giants, you’ll find employment opportunities in the city aplenty.
Besides, properties in Pune are giving a high ROI to homebuyers with promising rental incomes. And the city witnessed nearly 18,042 new housing projects launched in 2021’s first quarter; the numbers were up by a whopping 42% from the last quarter.
Next on the housing investment hotspotslist isKolkata, emerging as one of India’s most affordable real estate destinations. Over 18 residential projects were launched in the first quarter of 2021, giving way to more and more pocket-friendly housing prospects.
Joka, Rajarhat, New Town, and Salt Lake are key destinations in Kolkata, witnessing a rise in residential and commercial projects. Joka is abuzz with real estate activity due to the upcoming metro project, expected to enhance the area’s connectivity. Besides, Rajarhat, Salt Lake Sector V, and New Town accommodate numerous IT companies, shopping complexes, restaurants, schools, and colleges.
As a result, prospective homebuyers are actively investing in 2, 3 and 4 BHK properties in the city’s hotspots.
Additional Read: Real Estate Investment Trusts (REITs) All You Need to Know About It
To sum up
Real estate hotspots make for highly profitable investments for all homebuyers. With the trend of working from homes soaring, the realty sector will see prolific growth across India.
Looking to purchase a property in a real estate hotspot? Let Tata Capital finance your investment. With our affordable housing finance options available at competitive interest rates and variable tenure, comfortably take care of your home finance needs.
Use our home loan EMI calculator and evaluate your potential EMIs. Apply today!