The prices of residential properties can vary widely across different cities and even within different areas of the same city. For instance, the prices of residential properties in the major cities such as Mumbai, Delhi-NCR, Bengaluru, Chennai, and Hyderabad are typically higher compared to other cities in India.
Here is the list of Top 10 Cities that you can surely consider for Real Estate Investments in India
- Mumbai: Mumbai is one of the most expensive real estate markets in India, but it is also one of the most stable. The city’s strong economy and high demand for housing make it an attractive option for real estate investors.
Depending on the area, residential property costs might vary greatly in Mumbai. For instance, the cost of a square foot of real estate in affluent districts like South Mumbai can range from INR 30,000 to INR 1,00,000 or more, while the cost of a square foot of real estate in suburbs like Thane and Navi Mumbai might range from INR 5,000 to INR 20,000.
- Bangalore: Bangalore is known as the Silicon Valley of India and is home to many IT companies. This has led to a high demand for housing and a steady appreciation in property values.
The prices of residential properties in Bangalore can range from INR 3,000 to INR 20,000 per square foot, depending on the location. The most expensive areas for residential real estate in Bangalore are typically located in the central business district (CBD) and prime locations such as Indira Nagar, Koramangala, and Whitefield.
- Delhi-NCR: The Delhi-NCR region is a large metropolitan area that includes Delhi, Gurgaon, and Noida. The area has a high demand for housing and commercial properties, making it a good option for investment.
Commercial real estate prices in Delhi-NCR are also high due to the region’s status as a major commercial and financial hub. The prices of office spaces in prime locations such as Connaught Place, Cyber City, and Golf Course Road can range from INR 80 to INR 350 per square foot per month or more.
- Pune: Pune is a growing city with a strong economy and a high demand for housing. It is also more affordable than some of the other major cities in India, making it an attractive option for real estate investment.
Commercial real estate prices in Pune are also high due to the city’s status as a major commercial and industrial hub. The prices of office spaces in prime locations such as Hinjewadi, Kharadi, and Magarpatta City can range from INR 50 to INR 150 per square foot per month or more.
- Chennai: Chennai is a major industrial and commercial center, with a growing IT sector. The city has a stable real estate market and a high demand for housing, making it a good option for investment.
The prices of residential properties in Chennai can range from INR 3,000 to INR 20,000 per square foot, depending on the location. The most expensive areas for residential real estate in Chennai are typically located in the prime locations such as T. Nagar, Nungambakkam, and Anna Nagar.
- Hyderabad: Hyderabad is a fast-growing city with a booming IT sector and a strong economy. The city has seen a steady appreciation in property values and is a good option for long-term investment.
The prices of residential properties in Hyderabad can range from INR 2,500 to INR 20,000 per square foot, depending on the location. The most expensive areas for residential real estate in Hyderabad are typically located in the prime locations such as Banjara Hills, Jubilee Hills, and Gachibowli.
- Ahmedabad: Ahmedabad is a rapidly developing city with a growing real estate market. The city has a strong infrastructure and a favorable business environment, making it a good option for commercial real estate investment.
The historical significance of Ahmedabad is another thing that has helped the city build high-end luxury residences. These properties can fetch rates per square foot of INR 15,000 or more.
In addition to the main regions, Ahmedabad also has developing neighbourhoods like Gota, Chandkheda, and Maninagar that present good investment prospects because of their potential for expansion and development.
- Kochi: Kochi is a coastal city that is rapidly growing in popularity as a tourist destination. The city has a growing economy and a high demand for housing, making it a good option for real estate investment.
The city’s reputation as a significant business and industrial hub contributes to Kochi’s high commercial real estate values. Office space can cost between INR 30 and INR 100 per square foot per month or more in popular areas like Kakkanad, Vyttila, and MG Road.
The waterfront and tourism attractions in Kochi are also well-known, and they have aided in the growth of upscale luxury houses along the coast. These properties can fetch rates per square foot of INR 20,000 or more.
- Jaipur: Jaipur is a popular tourist destination and a growing commercial center. The city has a strong infrastructure and a high demand for housing, making it a good option for real estate investment.
Jaipur is also known for its historical forts, palaces, and tourist attractions, which have contributed to the development of high-end luxury properties. These properties can command prices of INR 15,000 or more per square foot.
- Kolkata: Kolkata is a major commercial and financial center with a growing real estate market. The city has a high demand for both commercial and residential properties, making it a good option for investment.
High-end luxury properties have grown as a result of Kolkata’s cultural and historical significance, which is also well known. These properties can fetch rates per square foot of INR 10,000 or more.
In addition to the prime regions, Kolkata also has developing areas with the potential for growth and development, such as Rajarhat, New Town, and EM Bypass, which present good investment prospects.
