Real estate in India is thriving
with more and more avenues for investment and development coming up. The
exploring of potential realty destinations to meet the perpetually growing
demand for property has let open options galore for developers. Consequently,
many tier-II & III cities along with various towns and suburbs are emerging
as promising property hubs. For instance, Maharashtra has always been known for
Mumbai, nation’s financial capital but today other cities of the state like
Pune, Nasik and Nagpur are also contributing equally to its popularity in terms
of realty.
The interest in Indian real
estate sector is no more restricted to a specific group or elders in the
family, it has in fact become a common phenomenon for youngsters as well. This
is one of the major reasons for the intermittent increase in demand for
residential property in particular. The economy has been booming and the
purchasing power is multiplying allowing youth to follow high standards of
living. Another factor contributing to the growing need for developing real
estate in India is the rapid movement of manpower from one city to
another. With burgeoning employment opportunities in metros like Delhi and Mumbai,
huge influx of migrants is seen every year. This is what propels property
builders to construct more and more structures based on different needs of the
people but with the primary idea of delivering quality and high standard.
Property in Central India has
been developing so remarkably that other regions seem to be left far behind.
The state of Maharashtra is blossoming in full swing with humungous investments
being made in its realty sector. Various national and international developers,
property buyers and investors are expressing inclinations toward buying real
estate in Mumbai and other nearby cities holding scope for expansion
and good returns in future. Let us take a closer look at the promising realty
hubs in proximity to this entertainment city, Mumbai.
Mumbai real estate is the most
expensive in the entire country that caters to the most diverse kind of buyers.
From luxurious homes for affluent buyers to affordable housing for service
class, this city of dreams offers it all. The constantly amplifying need for
property in all segments- residential, commercial and retail along with huge
investments are driving its realty sector towards large scale developments.
Besides Mumbai, property in Pune
is apparently experiencing a boom with leading national builders taking
interest in its market. Both developers and buyers are coming forward to pump
money in the ‘Silicon valley of India’. After saturation in Mumbai property
market, Pune has carved an important place as a potential realty destination. It
has attracted lot of attention from the buyers as property prices here are
comparatively lower and land availability is also easier. The famous tech city
is ready to emerge as the most sought after realty center of the coming times.
Nashik is another favorable place
for realty investors as it wears a very cosmopolitan look today. From being a
pensioner’s paradise to a modern city with excellent infrastructure, it extends
immense underlying opportunities waiting to be explored. Nasik property
displays high quality housing meeting international standards attracting
realty buyers from all around the country. Being located in the vicinity of
Mumbai, the preference of commercial investors for the city has also gone up.
Other structure like racecourse, film city, botanical garden, IT zones,
education zones, tourism development, entertainment arenas, etc. are also being
worked on.
Therefore, it can be said that
Mumbai real estate and nearby areas
are witnessing ample development across the entire sector so as to emerge as
the hottest center for realty buying and investing.
