Top 5 Cities for Real Estate Investment in 2020
Investing in real estate is a vital financial decision, which is why you should be making well-informed choices. Before you decide to invest in a new home, consider aspects like the city, infrastructure quality, civic amenities, etc., to make an educated decision.
If you are wondering about the best places for real estate investment 2020, check out the list below-
India’s financial and cultural hub, Mumbai, has been one of the best cities for investment properties. Localities such as Bandra and Juhu are highly worth investing in; therefore, they are also expensive. Chembur is another in-demand neighbourhood for purchasing a residence due to excellent connectivity with the Metro and the Eastern Freeway. Areas around Mumbai like Navi Mumbai have also witnessed tremendous growth and are known for affordable real estate projects.
Hyderabad is amongst the best places to invest in real estate in India. Why? The booming IT sector has contributed to creating abundant job opportunities in the city, thus creating a rise in the demand for housing. The growing IT sector has also led to a growth in commercial real estate. Localities like Gachibowli and Manikonda have emerged as some of the best areas to invest in property. Hyderabad also boasts of excellent civic amenities and infrastructure.
Pune is one of India’s fastest developing cities due to which Pune’s real estate market has picked up speed. Pune’s pleasant weather, excellent public amenities, booming IT and automobile sector has contributed hugely to its popularity, due to which many investors are expressing interest in this city. The influx of workforce has created a rising demand for commercial and residential properties. Localities like Kalyani Nagar and Koregaon Park are excellent choices for real estate investment.
The start-up capital and the hub of India’s IT industry, Bengaluru has a constant influx of people moving into the city. Some of the best areas for real estate investment here are Whitefield, Hebbal, and Electronic City. Bellandur also houses several of the city’s sought-after projects and is one of the leading property markets of Bengaluru. With new infrastructure projects lined and new Bangalore Metro routes being developed, Bangalore is one of the best cities for investment properties.
Lately, Ahmedabad’s property market has become a favourite among real estate investors. The significant locations for investment are Chandkheda, Thaltej, to name a few. If you are looking to purchase a residential space, Bopal should also be on your list, given its proximity to with many corporate offices and colleges.
These cities have an optimistic real estate market and excellent infrastructure, which is why they are ideal for real estate investment 2020.
When looking to purchase a property, without denting your savings, in the cities mentioned above, you can go for a home loan. Before choosing a home loan, compare the interest rate and home loan tenure offered by different lenders to pick the one that suits you best.
Also, check your home loan eligibility and documents needed before applying. Once you have checked the home loan eligibility, you can apply for the loan with your chosen lender.