India's Best Cities For Real Estate Investment

Favourable Government Policies

• CIDCO: The government has established a CIDCO (City and Industrial Development Corporation of Maharashtra) housing program to provide houses to EWS and MIG people in Navi Mumbai. Under this scheme, the state government aims to give 90,000 flats to the Economically Weaker Section (EWS) and Middle-income Group (MIG) people.

Facilities

• Healthcare: Apollo Hospital, MGM Hospital, Reliance Hospital, etc

• Employment: IT Sector, Banking, Manufacturing Companies, MNCs, etc 

• Education: MGM College, Ramrao Adik Institute of Technology, Pillai College of Engineering, etc. 

Upcoming Major Infra Projects

• Navi Mumbai International Airport 

• Mumbai Trans-Harbour Link (MTHL)

• Navi Mumbai Corporate Park

2. Pune:

Pune accounts for 13% of the state's GDP. It is becoming a megacity because of its strong connectivity, technologies, and multiple industries. Property values in Pune provide homeowners with an appealing Return-on-Investment (ROI) making it one of the best places to invest in real estate in India.  Real estate investments increased by 75% in 2021, and this trend is projected to continue in 2024. 

Favourable Government Policies

• PMAY (Pimpri Chinchwad Town Development Authority): The project is launched to construct 6000 inexpensive flats for the city's population, and thus far, 4884 units have been distributed to PMAY recipients.

Facilities

• Healthcare: Aditya Birla Hospital, Jehangir Hospital, KEM (King Edward Memorial) Hospital, etc

• Employment: IT Companies, Banking, Finance Services, Manufacturing Sector, MNCs, etc 

• Education: Savitribai Phule University, Symbiosis Institute of Media and Communication, Dr D Y Patil Vidyapeeth, etc. 

Upcoming Major Infra Projects

• Pune International Airport 

• Mumbai Pune Expressway

• Industrial Park

• High Capacity Mass Transit Route (HCMTR)

3. Mumbai:

It is one of the world's fastest expanding cities, making it an excellent choice for a real estate investment in India. During the first quarter of 2021, property registrations climbed by 70%, increasing the overall real estate sales by 49%. It is one of the most expensive cities to invest in. However, several growing localities in Mumbai, such as Thane, Malad West, Mulund, Kandivali, and Goregaon ODC, may prove to be the finest for beneficial property investment.

Favourable Government Policies

• Jal Jeevan Mission: This initiative is created to enhance the quality of water supply in 4400 urban local bodies.

Facilities

• Healthcare: Wockhardt Hospitals, SevenHills Hospital, Nanavati Hospital, etc

• Employment: Textile, Pharmacy, Electronics, Entertainment, Manufacturing Companies, MNCs, etc 

• Education: St Xavier College, D G Ruparel College of Arts, IIT Bombay, K J Somaiya College of Arts, Mumbai University, etc

Upcoming Major Infra Projects

• Mumbai Metro

• Mumbai Trans-Harbour Link (MTHL) 

4. Thane:

Thane's emergence as the best site for buying property in India has been fueled by its affordable residential properties as well as the excellent connectivity to Mumbai. In the last few years, there has also been significant economic and social infrastructure growth which has increased the investment rates. Moreover, the city's real estate market has gained traction, with a 20% growth in the first quarter of 2021.

Favourable Government Policies

• PMAY (Pradhan Mantri Awas Yojana)

• RERA (Real Estate Regulatory Authority)

• Credit-Link Subsidy Scheme

Facilities

• Healthcare: Jupiter Hospital, Horizon Hospital, Fortis Hospital, etc

• Employment: IT Companies, Manufacturing Industries, MNCs, etc 

• Education: KC College of Engineering, Asmita College of Architecture, Dr V N Ambedkar Institute of Management Studies, etc

Upcoming Major Infra Projects

• Metro Project

• Tunnel Road

• Coastal Road

• Urban Rail Transit System (LURTS)

5. Chennai:

The two most prominent factors that make Chennai one of the best places to invest in India in real estate are its low-interest rates and the numerous reduced offers given by the city's prominent developers. The city is enriched with well-experienced and qualified builders who leave no stone to make each project exceptional. In the first quarter of 2021, the city built approximately 4,500 new housing units. Furthermore, the city is seeing the growth of outlying areas that provide more purchasing options.

Favourable Government Policies

The Chennai Metropolitan Development Authority is working on the third master plan, which would be implemented between 2026 and 2046. This strategy will focus on boosting subsidized housing.

Facilities

• Healthcare: Fortis Malar Hospital, Apollo Hospital, Frontier Life Line Hospital, etc

• Employment: Automobile Sector, Manufacturing Industries, MNCs, etc 

• Education: Presidency College, IIT Madras, Madras Christian College, etc

Upcoming Major Infra Projects

• Chennai-Bangalore Highway

• Chennai-Kanyakumari Industrial Corridor (CKIC)

• Chennai-Bangalore Metro

6. Bangalore:

The key reasons for choosing Bangalore as a real estate investment destination are the convenience of living, booming IT parks, and manufacturing centres. Indira Nagar, Lavelle Road, Koramangala, MG Road, etc are some of the places where you can purchase a property in Bangalore.

Favourable Government Policies

The Karnataka Planning Authorities Rules, 2020 have been amended to reduce the improvement cost from 0.5-1.5% to 0.2-0.5% to ease the burden on buyers. 

Facilities

• Healthcare: Manipal Hospital, Fortis Hospital, Hebbal, etc

• Employment: Manufacturing Industries, IT Sector, Automotive Firms, MNCs, etc 

• Education: National Law School of India, NIFT,IIM, etc

Upcoming Major Infra Projects

• Bangalore- Mysore Infrastructure Corridor

• Hyperloop corridor between the Kempegowda International Airport and Bengaluru CBD area

• Metro line Phase 2A and 2B

7. Hyderabad:

Hyderabad is one of the inexpensive locations for real estate investments in India. The city boasts a low cost of living as well as an excellent infrastructure. Furthermore, the city is well-connected by a comprehensive highway network such as NH44, NH765, etc.

Favourable Government Policies

The state government has enacted user-friendly regulations that are both transparent and digital using the most updated technology and infrastructure. The state boasts the most Special Economic Zones (SEZs) in the country, with 56 recognised SEZs, 34 of which are operating (the second-highest number in the country).

Facilities

• Healthcare: Aware Global Hospital, Continental Hospital, Apollo Hospital, etc

• Employment: IT Companies, Electronics, Textile, etc

• Education: University of Hyderabad, IIT, National Institute of Pharmaceutical Education and Research, NIFT, etc

8. Noida:

The planned infrastructure and affordability of Noida have been the primary drivers of real estate investors. The city includes inexpensive houses along with several amenities that make the experience enjoyable.

Favourable Government Policies

In 2021, the Delhi Development Authority announced a housing scheme that would result in the construction of about 1300 residences.

Facilities

• Healthcare: Kailash Hospital, Felix Hospital, Surbhi Hospital, etc

• Employment: Textile, MNCs, Manufacturing Companies,  etc

• Education: Institute of Management Studies, Birla Institue of Management Technology, Noida International University, etc

Upcoming Major Infra Projects

• Jewar Airport

• Infotainment zone 

• Six new sectors 

9. Kolkata:

Kolkata has become the most economical real estate investment location because of the expansion of infrastructural facilities around the city. Due to its inexpensive properties, there has recently been an increase in sales volume and the debut of new projects. 

Favourable Government Policies

The state government has enforced a 60% remission on the interest on property tax dues.

Facilities

• Healthcare: Medical Superspecialty Hospital, Apollo Gleneagles Hospital, etc

• Employment: Manufacturing Companies,  Agro-industries, Real Estate Sector, etc

• Education: West Bengal National University of Juridical Sciences, NIFT, IIM, University of Calcutta,etc

Upcoming Major Infra Projects

• New Garia- Airport metro corridor

10. Ahmedabad :

The city's real estate market is growing at a rate of 2%-4% every year. Furthermore, the Ahmedabad Smart City Project is now underway, and once completed, the city will be among the country's first 20 smart cities.

Favourable Government Policies

• Mukhyamantri Audyogik Shramyogi Ane Industrial Housing Awas

• Affordable Rental Housing Complex (ARHC)

Facilities

• Healthcare: Apollo Hospital, SAL Hospital, Sterling Hospital, etc

• Employment: Manufacturing Companies,  IT Sector, BPOs, KPOs, etc

• Education: IIM, National Institute of Pharmaceutical Education and Research, etc

Upcoming Major Infra Projects

The Ahmedabad Urban Development Authority (AUDA) intends to build 6800 hectares of land on Ahmedabad's outskirts, offering a variety of residential housing options.