Top 10 Indian cities with highest growth potential in real estate

The real estate sector is one of the fastest-growing sectors around the globe. The housing market in India is moving towards exponential growth in the coming years with government initiatives like Pradhan Mantri Awas Yojna (PMAY), through which the government has targeted to build over 20 million affordable houses in metropolitan cities by 2022.

The real estate sector in India is expected to overhaul the target of 650$ billion, contributing 13 per cent to India’s GDP by 2025. The Smart City Project which aims to construct 100 savvy communities is a great opportunity for real estate companies.

Here is a list of the top 10 cities in India that will record highest growth in the real estate sector

Bangalore- It is famously known as the Silicon city of India. A huge number of IT companies are headquartered in Bangalore.

Why Bangalore-

1. Ease of living, expanding IT parks and manufacturing hub.
2. Multiple infrastructure projects lined up for connectivity.

Pune- It’s a city with exceptional infrastructure and a thriving IT industry, transportation, etc.

Why Pune-

1. It drives 13 per cent of the states’ GDP, besides being the 3rd largest contributor to India’s exports.
2. It is emerging as a megacity for its connectivity, technology, and industries.
3. Return on Investment is attractive for buyers.

Hyderabad- It is the capital of Telangana, wealthy in technology and innovation. It is also one of the most affordable cities to invest in real estate.

Why Hyderabad-

1. Low cost of living along with great infrastructure.
2. Well connected with robust network of highways such as NH-163, NH-765 NH-44, NH-65.

Noida- It is a carefully planned city to support industries as well as residential development. It has become a hub for lucrative white-collar jobs.

Why Noida-

1. Planned infrastructure and affordability: Key factor for the growing demand.
2. Jewar Airport: A game-changer to boost overall employment in the region going forward.

Gurgaon- Located in the national capital region (NCR), Gurgaon is the second-largest hub for the IT after Bangalore.

Why Gurgaon-

1 Architecturally huge structures in a wide variety of styles.

2 Connectivity to Delhi is another key factor.

Chennai- It is a developing metropolitan city with a huge demand for properties.

Why Chennai-

1. Low-interest rates on properties.
2. Rise in IT, auto industries in the peripheral region.
3. NHAI is planning to develop the Chennai-Bangalore highway to reduce the distance between megacities.

Mysore- It’s a tier-2 city in Karnataka. It has great potential in real estate because the city is still in the process of infrastructural development.

Why Mysore-

1. Low rates for properties.
2. Many private players have invested in infrastructural development of the region.

Kolkata- The real estate market of Kolkata has shown a lot of growth in the past 10 years.

Why Kolkata-

1. Most affordable for real estate investment in India.
2. Rise in affordable houses because of growth in infrastructural facilities.

Ahmedabad- It is the 7^th largest metropolitan city and 5^th largest city in India. Ahmedabad has an abundance of business opportunities.

Why Ahmedabad-

1. Experiencing an annual growth of 2-4 percent in real estate.
2. Outstanding public transport system.
3. One of the 20 cities that will be converted into a smart city.

Kochi- It is the commercial hub of Kerala. With the development of seaports and privatization, the value of the real estate has surged immensely.

Why Kochi-

1. Smart city with immense business opportunities.

2. Affordable localities like Kakkanad, Maradu, Aluva, etc., with proper infrastructure.