Best Cities For NRIs To Invest In Real Estate

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Best Cities For NRIs To Invest In Real Estate
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• We have compiled a list of the best cities for
  real estate investment. Some of these are large
  metros, known to be the hubs of many industries.
  Others are smaller, upcoming cities which show a
  lot of promise in their growth rates in
  population and per capita income amongst other
  factors. Read on to identify which city may be
  the best for you 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 neighborhood 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.

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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.

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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.

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Visakhapatnam

• As far as population and area, Visakhapatnam
  (Vizag) is one of the biggest harbors 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 December 2018,
  transportation options will also soon open up in
  this city.

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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.

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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.

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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.

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