India’s real estate business: A closer look

There have been many theories and market studies about India’s real estate property and its impact on the business. There are a very few of them that are able to explain the current demands of consumers as well as realtors at the same time. When we compare Indian buyers to the other countries, they need higher degree of diligence before making an informed decision regarding their investments. A few of the factors such as price comparisons, developer ratings, project completion certificate are examples of what people should expect before making a big decision.

Talking about Indian realty market in particular, it has displayed a certain amount of volatility before 2010. However, when we bounce back on the present scenario, the real estate market looks bright and shining. The road to this recovery was led by the residential sector, which suddenly became talk of the town by projecting astonishing growth. Let’s take a closer look at different cities, which are currently dominant in the market.

• Noida/ Greater Noida

Right after Gurgaon, Nodia and its regions are considered to be the IT hub of the country. The city was traditionally introduced as an industrial area, but after a few years and with the advent of urbanization; the city soon became the IT destination. With improved connectivity to other parts of Delhi, Noida & Greater Noida is considered to be extremely favorable to invest money these days.

• Mumbai Metropolitan Region

Among other cities in the market, Mumbai has always been a dominant one. It witnessed almost a same situation as that of Noida and is now known as the IT sector of India. Growing demands of office and commercial properties has made this city an attractive stop for the real estate professionals. Thane in particular, has been the most lucrative area of Mumbai with constant growth and interesting deals.

• Bangalore

The Whitefield area of Bangalore, which was formerly known as the residential collective of the city has now become a great spot for IT companies to establish themselves. Within the reach of almost all modes of transport and serene surroundings, Whitefield has never failed to impress investors. Much as the residential investors were interested in this location, it also lured many occupiers to take up large office spaces. Therefore, absorption of commercial India property in this area of Bangalore has never disappointed due to its ready-to-occupy and urban infrastructure.

• Chennai

Chennai with its southern suburbs has become a hotspot for those who are in awe of nature and serene surroundings. Realtors who were looking out to invest in large and well-planned office spaces have made some remarkable decisions by going with a property in Chennai. The neighbouring locations such as Medavakkam and Keelkattalai have turned out to be a spot for people to find entertainment with the help of retail developments.  

Besides these cities, there are also many small and large scale areas of the country that have never failed to stay behind in the development process. With more number of cities adopting urbanization, the country is going to ride high on the real estate forefront.