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Finding The Best Property In India

Jun 6, 2008
There is no doubt in any individual's mind that the Indian real estate market is suffering from a boom. A boom it has never seen before. Today, there is no other sector, which is offering such high returns as compared to the property market. Everywhere in the country, be it a city or town, there are hoards of commercial high rises, residential townships, shopping malls and industry parks coming up. It has been calculate that the growth rate of Indian Real Estate market is around 30% and this rate is only expected to increase. Also there is a large difference in the property prices thus allowing both the rich and the medium-class to make beneficial investments in this financially lucrative sector.

With the metros already getting saturated, there is a heavy rise in property prices in these areas. Hence, investors are looking at second and third tier cities to make beneficial investments. And one such city is Chandigarh. The first planned city of India, Chandigarh is soon catching the eye of big as well as small investors. The real estate boom in Chandigarh is also a result of development occurring on the outskirts of the city in areas like Mohali, Panchkula, Zirakpur and Dera Bassi.

Coming a little down, there is tremendous demand for property in areas like Delhi, Gurgaon, Noida and Greater Noida. And the effect of appreciation of property in Delhi has seen a growth of infrastructure in nearby areas like Dwarka, Patparganj and Mayur Vihar. Greater Noida has been significantly helped by Noida when it comes to realty growth. And the realty growth in Noida has been due to the upcoming international airport, metro network and the Commonwealth Games in 2010.

Mumbai is the costliest city in India at the moment. In the last two years, realty prices in Mumbai have increased by more than 40%. Such high are the rates in Mumbai that buyers and investors have now shifted their attention to the neighboring areas of Navi Mumbai and Thane. And this has led to tripling of the real estate rates in these neighboring areas. Thus, once thought to be a quiet forestland, Navi Mumbai, has today a part of the hustling and bustling city of Mumbai.

And the story in South India is no different. Infact it is the southern region, which has seen the maximum number of IT Parks, come up. But the development in the southern cities is not only commercial but is residential as well. Bangalore has developed into the IT hub of the country and one of the top earners from the realty boom.

The face of the Indian realty industry is changing very fast. Old is gone and it is the new which is catching everyone's eye. And this is where our website www.RealEstateSitesIndia.com comes into picture. Be it a metro or a village, the site has the listings of all the realty sites in the country. You name a site and you have its links ready in front of you.
About the Author
Mr. Ravi works for aCUBE Technologies. It maintains various websites like www.realestatesitesindia.com, www.pgGuest.com and www.RajComforts.com Copyright 2008 aCUBE Technologies Email Id: ravi.acube@gmail.com Website: www.acubedesign.com
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