Best Cities For NRI's TO Invest In Real Estate

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Best Cities For NRIs To Invest In Real Estate
Best Cities For NRIs To Invest In Real Estate
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NRIs often hear stories about investors hitting
jackpot by buying and selling properties back
home. Very often, they also hear about someone
who has lost money in a project that never
materialized or in which issues crept up,
rendering the property impossible to sell. It is
a fact that the Indian economy is expanding
rapidly in fact, the World Bank projects that
India will surpass China as the world's fastest
growing large economy by 2017. For those looking
to become real estate investors who wish to
participate in India's growth, choosing which
part of the country to buy-in can be a challenge.
After all, the economy may be making great
strides at the national level, but what forces at
work at the local level? Put another way, which
city or cities can promise the greatest returns?
Best Cities For NRIs To Invest In Real Estate
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Mumbai
As a growing city with modern urban development,
Mumbai is a good real estate investment choice
for a non-resident Indian who cares about
lifestyle. Considered the financial capital of
India, this city is hard to beat when you compare
the level of infrastructure with other cities.
Target a premium property in an upscale
neighbourhood for the best return on your
investment. There are several luxury hotspots in
Mumbai that place you near high-end retail stores
and restaurants. As India's financial hub,
Mumbai also attracts many investors and corporate
firms, providing plenty of work opportunities. If
you want an internationally competitive work
culture, this is the city. Mumbai has great
education facilities, including international
schools. Political stability and easy resale
options are added incentives to make Mumbai your
investment realty location.
Best Cities For NRIs To Invest In Real Estate
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Bangalore
Thanks to its combination of rapidly growing
population, well-paying jobs, and low real estate
prices, the hub of India's IT industry has become
the hub of its property investment as well. JLL
recently published its annual ranking of the
world's most dynamic cities, in their City
Momentum Index, affirming that Bangalore is the
fastest-changing city on the planet. By some
estimates, 40 percent of India's IT industry is
based in this one metropolis. These changes have
made it the most attractive place in India for
real estate investment. A recent survey pegged
Bangalore as the top real estate opportunity
across Asia-Pacific. All of this makes Bangalore
the most desirable place for real estate
investment in India.
Best Cities For NRIs To Invest In Real Estate
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Pune
Pune has displayed rapid population growth over
the past decade with a growth rate over 30
during this period. The average white collar
salary in this city is second only to Bangalore.
Currently, property in this city is affordable as
compared to other cities, which shows that it's a
good time to invest. The city also benefits from
being close to Mumbai. It also holds
opportunities in the education, IT, automobile,
and engineering sectors. This is yet another
example of a formerly slow city that has
experienced rapid recent growth and change. The
good weather all year round is an added benefit
for NRI investors here. A new international
airport and increased metro connectivity will
bring even more growth and positive change to the
city in coming years.
Best Cities For NRIs To Invest In Real Estate
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Chennai
Head over to the capital of Tamil Nadu for yet
more real estate investment opportunities.
Chennai is also in the leading pack, with a high
growth rate in population (30) and reasonably
high average white collared salaries. This
industrial city also has many companies that do
IT and financial services. The government has
made road connectivity a priority here in recent
years. This has helped the city and the
surrounding area develop faster and attract new
business opportunities. A coming monorail and
elevated railway line are sure to further help
with this connectivity.
Best Cities For NRIs To Invest In Real Estate
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Visakhapatnam
As far as population and area, Visakhapatnam
(Vizag) is one of the biggest harbours in India.
Because of this, it is considered the commercial
hub of Andhra Pradesh. A quickly growing IT
industry coupled with good infrastructure makes
this city a desirable place for real estate
investments. With the first phase of the Vizag
Metro Rail slated to be completed in coming days,
transportation options will also soon open up in
this city.
Best Cities For NRIs To Invest In Real Estate
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Kochi
Kochi, the commercial hub of Kerala, has seen new
real estate prospects thanks to recent
changes. An upgrade of the sea port and
privatization of the local international airport
brought in new business prospects. Many NRIs are
already investing in Kochi. In fact, only some
30 of investors in real estate in Kochi are
locals. Part of what makes this city so
appealing is its recent developments in
infrastructure. New planned developments include
the Vallarpadam International Container
Trans-shipment Terminal, which will expand
investment opportunities for this port city. An
"oceanarium," or marine research facility that
also doubles as a tourist attraction, is another
proposed project that's sure to attract even more
opportunities to the area.
Best Cities For NRIs To Invest In Real Estate
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Bhubaneswar and Cuttack
These twin cities in east India are growing
education and IT hubs. This boosts real estate
development in the area. The real estate market
is well-regulated here since most of the
available land is still owned by the
government. Plans for new commercial projects, a
wider highway, and the new Kalinga Nagar
Industrial Complex add to the reasons to target
Bhubaneswar and Cuttack for real estate investment
Best Cities For NRIs To Invest In Real Estate
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Coimbatore
The second largest city in Tamil Nadu boasts a
stable industry that revolves around textiles and
spinning. Engineering, IT, and manufacturing
have added to the industry in Coimbatore in
recent years, providing economic growth and
increased work opportunities. A planned airport
expansion will increase the ease with which
travelers and business opportunities can flow
into the city. And a proposed bus rapid transit
system provides added options for transport on
the ground.
Best Cities For NRIs To Invest In Real Estate
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Conclusion
There is a long list of cities in India that are
great opportunities for real estate
investments. You may choose an established,
major hub like Bangalore, or a newer and growing
location like Kochi. It all depends on exactly
what your future plans are for your
investment. With so many cities undergoing rapid
developments and offering new opportunities, it's
hard to go wrong if you consider the key factors
to select cities of choice for real estate
investments. Don't be intimidated by the process
of investing in real estate. Instead, reap the
benefits the coming years will have for real
estate investments in India and ride India's
economic growth wave.
Best Cities For NRIs To Invest In Real Estate
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Best Cities For NRIs To Invest In Real Estate