Top 8 Indian Cities to Invest in Real Estate: High Returns and Affordability

Best Places for Investing in Real Estate

The real estate market in India has been growing at a fast pace and the interesting prospects for investing has also seen some positive shifts. The real estate market along with the rental market is finally coming out of the stagnant phase. The following are the list of cities where investing in real estate could turn out to be a positive aspect.

The real estate market in India has been seeing positive growth in recent times, with several cities offering interesting prospects for investors. In this article, we will take a closer look at some of the best places for investing in real estate in India, including Navi Mumbai, Pune, Bangalore, and Hyderabad. We will discuss upcoming projects, healthcare, education, and state government policies that make these cities attractive for real estate investment.

#1 Navi Mumbai

Navi Mumbai is among the fastest growing cities in the country. The upcoming international airport at Navi Mumbai could be a great boost for investors who are willing to invest in Navi Mumbai’s real estate market.

Upcoming projects in Navi Mumbai

The Navi Mumbai international airport is among the most awaited infrastructure projects in Navi Mumbai.
Mumbai trans-harbour link is another upcoming major project in the city. MTHL is being built for connecting Mumbai with Navi-Mumbai through a sea bridge of 21.8kms.
Mumbai-Pune Hyperloop is also one of the most anticipated projects.
Several IT and corporate parks are being built in the city.
The price segment in different regions are expected to be from Rs 11,500- 15,000/sq ft.

Healthcare

Healthcare is reasonable and easily available, some of the most reliable healthcare facilities are Apollo hospital, MGM Hospital, Reliance Hospital.

Education

Mumbai is known for some of the best colleges in India. Some of the examples are Pillai’s college of Engineering, MGM College.

Favorable State government policies for real estate

The cost for construction premiums have been reduced by 50%, which promised better infrastructure projects in the city.
The Jal Jeevan Mission has improved the quality of water supply and reached more than 4,400 urban local bodies.

Also read: Affordable Places to Live near Navi Mumbai and Mumbai

#2 Pune

Pune is an upcoming major city in Maharashtra, India. Pune is considered to be 2nd largest contributor to IT exports and also contributes 13% of the state’s GDP. In the first quarter of 2021, it is estimated that around 18,042 new projects started in the city.

Upcoming projects in Pune

The upcoming international airport project is said to give an amazing boost to the real estate market of Pune.
A colossal industrial park in an upcoming neighborhood in Pune is expected to be an ideal destination for factories and industrialists. The price for the project is expected to be around 350 crores.
The upcoming high capacity mass transit route which will provide seamless connectivity to several Pune districts is also among the best projects of Pune.
The price segment in different regions are expected to be from Rs 8,000 - 13,000/sq ft.

Healthcare

Pune is said to be an upcoming major healthcare sector with famous hospitals such as KEM Hospital, Ruby Hall Hospital, Aditya Birla Hospital.

Education

Apart from the industrial corridor and IT sector Pune is also known to be a major educational institute. Students from different parts of the country gather here to study in one of the best colleges and universities. Dr D.Y Patil Vidyapeeth, COEP college of Engineering, Savitribai Phule University.

Favorable state government policies for real estate

Under Pradhan Mantri Awas Yojana around 4884 flats have been provided to beneficiaries
The Pimpri-Chinchwad area will develop around 6000 flats under the Pradhan Mantri Awas Yojana.

Also read: Nature-friendly Places to Live in Pune

#3 Bangalore

Bangalore is a major economic destination with one of the largest taxes generated from the service sector. The ease of living of Bangalore is higher than most of the major cities in the country.

Upcoming projects in Bangalore

The most crucial project of Bangalore is the metro connectivity from Silk board to Kempegowda International Airport. This project will ease the traffic and improve the connectivity to the airport.
Bangalore - Mysore expressway is another major project which improves the connectivity and gives a boost to the economic activity between these two cities.
The hyperloop project connecting CBD and airport is under its 1st phase.
The price segment in different regions are expected to be from Rs 10,000- 14,000/sq ft.

Healthcare

In terms of healthcare Bangalore is one of the major destinations in the country. Well established healthcare institute in Bangalore has guaranteed a better medical prospect for everyone. Fortis Hospital, Apollo Hospital, Aster CMI are among the best healthcare institutes in the city.

Education

One of the country’s top colleges and Universities are situated in Bangalore. Institutes such as National Law College, Indian Institute of Management, St.John’s Medical college.

Favorable state government policies for real estate

The urban development authority in Karnataka has amended a planning authority rule that would ease the betterment fees of 0.2- 0.5% which is a relief for home buyers and real estate agents.

Also read: Budget-friendly Places to Live in Bangalore

#4 Hyderabad

Hyderabad is among the fastest growing cities, this city has won several awards such as best house affordability index in India and 2nd largest contributor to IT exports. Low cost of living and one of the best infrastructures are among the crucial factors for the growth of real estate in the city.

Upcoming projects in Hyderabad

Telangana has bagged the award for best ease of doing business, which is one of the reasons major projects would benefit the economy of the city.
Telangana has around 56 special economic zones which is 2nd highest in the country out of which 34 are operational.
Elevated corridor from Indira park to VST main road junction which is supposed to be four-lane is one of the most anticipated projects in Hyderabad.
The price segment in different regions are expected to be from Rs 8,500- 15,000/sq ft.

Healthcare

Healthcare is slowly catching up in Hyderabad and several healthcare institutes are coming up in Hyderabad. New projects related to healthcare infrastructure have helped the city to improve their healthcare facilities.

Major hospitals of Hyderabad are Asian Institute of Nephrology, Apollo Hospital, Basavatarakam Indo American Cancer Hospital & Research Institute.

Education

Major institutes such as National institute of Pharmaceutical Education, National Institute of Fashion Technology, IIT Hyderabad are situated in Hyderabad and are considered to be one of the best in the city.

Favorable state government policies for real estate

Telangana Government has made several user friendly policies to improve the ease of doing business.
SRDP (Strategic road development plan) is a flagship program introduced by the state government to improve the road connectivity in Hyderabad. This includes a strategic placement of several flyovers in the city.

Also read: Affordable Places to Live in Hyderabad

#5 Ahmedabad

Ahmedabad is an emerging city in India, the growth rate of the city has been growing at a high uniform rate. The city has seen a large influx of migrants owing to new opportunities in the city. The municipal performance rank of the city is at 6th and one of the best in the country.

Upcoming Projects in Ahmedabad

Ahmedabad Dholera expressway is a 108 km expressway project connecting Dholera with the economic capital of Gujarat. This project is expected to boost economic development.
Dholera International Airport is another major project and a milestone for Ahmedabad and Gujarat.
Special economic zone connecting Ahmedabad and Dholera spread across 886 acres.
The price segment in different regions are expected to be from Rs 9,500- 12,500/sq ft.

Healthcare

The healthcare facility in Ahmedabad might not be as good as the above mentioned cities, however the growth rate of healthcare in Ahmedabad is impressive. Sterling Hospital, Apollo Hospital, Shalby care, SAL Hospital are among the best hospitals in the city.

Education

Indian Institute of Management, St.Xaviers college, National institute of Pharmaceutical Education are among the best educational institutes in Ahmedabad.

Favorable state government policies for real estate

Mukhyamantri Gruh Yojana policy is focused on providing affordable homes to every family in the state.
RERA Real estate regulatory authority was set up in the state to look after the real estate projects.

Also read: Posh Areas to Live in Ahmedabad

#6 Kolkata

Kolkata is among the cheapest cities for real estate investment in India.The real estate market has a rise in affordable housing projects in the city.

Upcoming projects in Kolkata

The last phase of the metro project connecting New Garia to the airport is about to be completed by 2024. This project is speculated to improve the connectivity and better economic prospects.
Kolkata-Siliguri expressway is currently under construction with an investment of Rs 25000 crore. This expressway will improve the state’s north-south connectivity.
The state government has recently implemented Trolleybus transport in Kolkata which is anticipated to be the replacement of trams.
The price segment in different regions are expected to be from Rs 7,500- 15,000/sq ft.

Healthcare

The eastern part of the city is the medical hub and several patients from northeast India rely on these healthcare facilities. Hospitals such as Apollo Gleneagles Hospital, Medical Superspeciality Hospital, Belle vue clinic are among the best facilities in the city.

Education

Kolkata is home to one of the best and oldest universities. IIT Kharagpur which is around 50 kms away from the city is the oldest IIT in India. Indian Institute of Management Calcutta is also the oldest IIM in India. Apart from these institutes Presidency college, National Institute of fashion Technology are among the best and renowned colleges in Kolkata.

Favorable state government policies for real estate

Nijashree Housing Scheme was introduced by the West Bengal Government to improve the state government regulators for real estate.
Housing Industry regulatory authority (HIRA) was established by the West Bengal government to look after the real estate development in the state. It was established in 2018 to promote the housing facilities in the state.

Also read: Best Places to Live in Kolkata

#7 Noida

Noida is a planned urban agglomeration newly built with more than 50% green cover. The real estate sector has seen impressive growth in the last decade. With the increase in real estate MNC have also started setting up in the city with better job opportunities.

Upcoming projects in Noida

Jawar International Airport is one of the most anticipated projects in the city, as this will boost the infrastructure and improve the real estate market.
The Greater-Noida extension plans were introduced along with the connectivity program to boost the development projects in the city. Various tech facilities and infotainment centre have already been proposed in the city.
The price segment in different regions are expected to be from Rs 10,500 - 15,000/sq ft.

Healthcare

Although the connectivity of Noida and Delhi is good and people living in Noida can opt for healthcare facilities in Delhi, still several world class healthcare institutes have opened up in the city. Healthcare facilities such as Felix Hospital, Kailash Hospital, Noida Surbhi Hospital are among the most appreciated facilities in the city.

Education

Noida can be considered to be an educational hub for north India since Noida has some of the best Universities and Colleges in the country. Galgotia University, Birla institute of Management Technology, Amity University (Noida campus) are among the best institutes.

Also read: Best Places to Live in Noida

#8 Chennai

Chennai, also known as the “Detroit of India” is a metropolitan city and has bagged the award for best quality of life among major Indian cities. In the ease of living index the city comes fourth.

Upcoming projects in Chennai

The National Highway Authority of India has been planning to develop Chennai- Bangalore expressway to boost the connectivity between two cities. This will not boost the economy but will also strengthen connectivity. The expressway is expected to reduce the distance by 50-60 km.
The Chennai-Kanyakumari industrial corridor is expected to be around 484 million expected to pass by 23 districts of Tamil nadu and will give a boost to economic growth.
The price segment in different regions are expected to be from Rs 9,500- 14,000/sq ft.

Healthcare

Chennai and its surrounding areas such as Vellore, Coimbatore is said to be the healthcare corridor of India. People not only from different parts of India but foreign nationals also often choose these places because of their top-class healthcare services. Fortis Malar Hospital, Frontier Lifeline Hospital are among the best healthcare facilities in and around Chennai.

Education

Chennai’s educational institutes have got a similar reputation as its healthcare facilities. Students from all over India prefer studying in Chennai’s most reputed institutes such as IIT Madras, Madras Christian college, Anna University.

Favorable state government policies for real estate

Tamil Nadu housing has introduced new real estate projects catering to the needs of affordable housing in urban, rural and semi urban areas.
The Tamil Nadu government has also started giving subsidies and constraints for housing facilities.
Tamil Nadu affordable and urban housing policy has pledged to increase the access to affordable housing schemes to benefit the people of the state.

Also read: Best Places to Live in Chennai

Conclusion

The real estate market in India is showing positive shifts, with the market and rental markets coming out of a stagnant phase. There are several cities that are poised for growth in the real estate sector.

Navi Mumbai is a fast-growing city with several infrastructure projects, such as the upcoming international airport and the Mumbai trans-harbor link. Pune, the second-largest contributor to IT exports, has several upcoming projects such as the international airport project and a colossal industrial park.

Bangalore is a major economic destination, and the metro connectivity from Silk board to Kempegowda International Airport is a crucial project. Hyderabad has won several awards, such as the best house affordability index in India, and has several upcoming projects such as the elevated corridor from Indira park to VST main road junction.

All these cities have excellent healthcare facilities and are home to some of the best educational institutes in the country. Furthermore, state governments have implemented favorable policies for real estate, which has further contributed to the growth of the sector in these cities.