Which city in India is best for real estate investment?

In India, investing in real estate is considered to be the best form of investment. For many years, people have been investing in the major cities like Mumbai, Delhi and Bangalore because of high rates of return that the properties would eventually yield. However, these days, the property rates in these cities are touching the sky. So according to many experts, the below-mentioned cities are currently among the best places to invest in a real estate property in India 2020.

• Hyderabad

In recent years, real estate in Hyderabad has seen an appreciable growth. With the ever-growing IT industry, Hyderabad has become a viable option for real estate investment. The two major localities, viz Madhapur and Gachibowli have been receiving an outstanding response because of proximity to tech hubs and financial districts.  Apart from that, Kondapur, Shaikpet, Narsingi and Puppalaguda have become a good choice for real estate investment.

• Pune

A couple of years ago, Pune was known as a retirement city for many people. People from Mumbai would build their retirement homes in Pune. However, from almost two decades, the trend has changed because of the development brought by the IT and automobile industry. Looking at the current scenario, many real estate experts suggest best property investments fall in areas like Hinjewadi, Kharadi, Wagholi and Hadapsar.

• Chennai

From many decades, Chennai has been a stable option when it comes to real estate investment. It has been considered the best place to buy land in India. In recent years, along with Hyderabad and Pune, many IT companies are being set up. The three important locations for real estate investment in Chennai are Porur, Pallavaramand Oragadam (automobile industry hub).