Bangalore, Mar 10, 2015
Luxurious homes in South India are no more meant only for the elite. Investing in these luxurious homes in India can work as an incredible source of income for the future.
If you think that it is only the western cities of India that have created a dominant market for real estate, then you are wrong. Surveys have revealed that the property market in South India has beaten the north and western parts when it comes to luxurious homes and properties. You can consider buying luxurious homes and villas in the southern hotspots of India such as Hyderabad, Bangalore, and Chennai. Read further to know how these places can be suitable for your investment needs.
- The growth of South Indian markets
Over the past few months, almost 50% of the office space deals were struck in cities such as Chennai, Hyderabad, and Bangalore. Due to the development of the IT sector, commercial real estate in the South has taken new steps towards recovery. But, more than just office properties, the marketsin Southern India have seen a positive contour towards the growth of residential properties and luxurious homes. Of late, the South Indian real estate market has been faring well. This is apparent because most companies and multinational corporations have seen these cities as their prime locations and established their back offices and branches here. Enhancing the industrial base meant more employment opportunities. This is one reason that these southern areas in India have a rising demand for luxurious properties and homes.
- Best time to buy properties in the South (Hyderabad, Chennai, and Bangalore)
The current property market is stable and has shown vast signs of improvement. Residential properties in Hyderabad are set to accelerate the market and provide the best real estate options for people. Those who wish to buy luxurious homes in India, as a part of their investment, should consider buying properties in these southern cities as the prices can increase in the near future. Bangalore, on one end, has become the new hub for a large number of well-travelled and cultured people. With an enormous number of IT companies living in this city, the economy has risen tremendously. Villas and row houses in Sarjapur Road, Whitefield and northern parts of Bangalore are coming up with high-class residential homes that are expected to provide a good ROI.
The demand for high-end residential units stays at the top, because of the facilities and amenities in the surrounding areas. Post the introduction of the Bangalore International Airport, construction projects can be seen at places such as Bellary Road, Hebbal, and many other areas in the luxury segment. Well-planned physical infrastructure is another added advantage of buying luxurious homes in these parts of India.
Chennai has seen a rise in property prices and development at prime locations. Currently, in its expansion mode, there is a rapid evolution of its infrastructure. This has caused an increase in the demand for luxury apartments in Chennai http://www.houseofhiranandani.com/locations/index.php?view=6. Areas in Chennai such as Ayanavaram, Virugambakkam, Nungambakkam and Ashok Nagar have got the maximum appreciation. Considering the development of educational institutions and hospitals in South India, people are ready to purchase luxurious homes as an investment and secure their future.
- Government support
The change in the democratic system has led to the implementation of new rules. It has also resulted in improvements in the infrastructure. Cashing on this factor, renowned developers such as House of Hiranandani have waved the green flag to multiple projects and luxurious homes in these southern cities of India. The current prices of these townships are expected to increase in the near future. Investors and potential buyers have shown a keen interest in purchasing these properties as it is a good way to save income tax deductions and gain higher ROIs in the future.
Keeping in mind the market conditions, this is a good phase to invest in luxurious homes http://www.houseofhiranandani.com/ and properties in South India. House of Hiranandani is known for its superior quality constructions, home interiors, and innovative projects. You can buy their modern and comfortable homes at great prices.
K. Altaf, Managing Editor, The Property Times
