We are moving from an era when people wanted to settle down in bustling metros, to one where they are preferring calmer and less crowded neighbourhoods. Of late, there is an emerging shift towards buying properties in tier-2 cities of India because of multiple reasons. Home buyers, in particular, are choosing these cities for their immense growth potential in terms of the standard of living and employment.
Let’s take a look at some of the most popular cities emerging as real estate investment hubs.
Over the years, Coimbatore, affectionately referred to as the Manchester of South India, has risen in popularity as a city to buy property in. It houses a large collection of property inventory, currently available at affordable rates. Here you’ll find excellent infrastructure facilities, an efficient public transportation system, and modern amenities, making it a go-to place to settle down!
Vishakhapatnam is yet another popular option when it comes to tier-2 cities for buying property in. Located in the southern part of India, this quaint city has turned out to be an investment-friendly paradise over the years. It boasts of a large number of affordable properties that are up for sale. The Metro project that has come about in the city has made it a preferred destination for industries as well.
Additional Read: Your Detailed Guide for Buying a House in Top Indian Cities
A vibrant and extremely well planned city, Chandigarh scores high on popular tier-2 cities in India. The city has attracted top developers that have flooded the real estate market with attractive housing options. Affordable property prices, an organised water supply system, and an efficient road network are some of the reasons that have led to folks flocking to Chandigarh in search of their dream home.
The government of Gujrat has been relentlessly working on transforming Vadodara into its industrial capital and lo! The city is not far from it. The city is home to top-notch residential townships, world-class public infrastructure, and modern commercial spaces. In fact, many home buyers on the hunt luxury properties at an affordable price range are choosing Vadodara for its many advantages.
Adorned with rich cultural heritage, the magnificent capital of Kerala has seen some incredible highs concerning its real estate sector. Popular for its apartments and villas, Trivandrum has good infrastructure capabilities that have drawn real estate developers to it. Being one of the biggest IT hubs in India, it brings great opportunity for its working population. This city has been attracting young people over the years who find it excellent for settling down in.
Additional Read: Five Real Estate Rules All Home Buyers Must Know
Planning to buy a house in one of these cities? Apprehensive about your finances? Be it any city in India, buying a home would entail responsibly planning for the future. At Tata Capital, you will find easy home loans with competitive home loan interest rates. Wondering where to start?
Make use of our home loan EMI calculator to understand your loan obligations. Start your home buying journey with checking your home loan eligibility on our website today!